Agenda items: purchase of new city hall building with debt (CO) of about $8.5M; sale of Public Safety Building
Location and Time: El Chico City Hall, 120 El Chico Trail, Suite A, Willow Park, TX 76087, 6PM
Meeting Page (agenda packet, minutes, video) / Video Facebook *Minutes approved during the next city council meeting.
Latest Update: Monday, 10 April, 2023
Council votes to buy city hall building, The Community News, 06 April 2023 [city hall, police chief position, sale of fire dept. equipment to ESD1]
Tags: #EMSFirePoliceAmb #CityHall
Public Comments
none
Agenda Items
1. Discussion/Action: Consider all matters incident and related to approving and authorizing publication and posting of notice of intention to issue certificates of obligation in an amount not to exceed $8,500,000 for the purpose of paying contractual obligations to be incurred for (i) acquiring, renovating, improving and equipping an existing building for public safety facilities, judicial facilities, a city hall and municipal facilities for administrative offices for city departments responsible for designated infrastructure, including streets, roads, parks, water and wastewater utilities, information technology systems and cybersecurity and various other city departments, and (ii) professional services rendered in connection with such projects and the financing thereof; including the adoption of a resolution pertaining thereto.
Background: Per Council direction, staff has been authorized to prepare a Resolution and Notice of Intent Ad to purchase the building at 120 El Chico Trail. Attached are the Resolution authorizing the Notice of Intent as well as the Notice of Intent Ad to run in the newspaper. Additionally, backup and support documentation from Erick Macha as well as a proposed scheduled for the issuance and sale of the certificates of obligation.
Exhibits: • Resolution authorizing the Notice of Intent as well as the Notice of Intent Ad to run in the newspaper. • backup and support documentation from Erick Macha [of Hilltop Securities] as well as a proposed scheduled for the issuance and sale of the certificates of obligation.
Minutes: To approve a resolution authorizing publication and posting of notice of intention to issue certificates of obligation in an amount not to exceed $8,500,000 for the purpose of paying contractual obligations to be incurred for (i) acquiring, renovating, improving and equipping an existing building for public safety facilities, judicial facilities, a city hall and municipal facilities for administrative offices for city departments responsible for designated infrastructure, including streets, roads, parks, water and wastewater utilities, information technology systems and cybersecurity and various other city departments, and (ii) professional services rendered in connection with such projects and the financing thereof; including the adoption of a resolution pertaining thereto.
Willow Park Civics Research
Willow Park Civics Blog > City Buying a New City Hall This Thursday?
Willow Park Civics > Issues > New City Hall, includes Willow Park Civics Blogs
Willow Park Civics > Issues > Fire Department and ESD1, includes Willow Park Civics Blogs. A new city hall was part of the plans during the ESD1 annexation of Willow Park Fire and Rescue.
Willow Park Civics Notes:
Will be assuming "a couple" of leases of current tenants.
No final sales contract yet.
Not to exceed $8.5M. *Grimes, "I do not think we will be close to that number."
video 6:20 From Erick Macha [of Hilltop Securities] presentation included in agenda packet; Preliminary Timetable Of Events
04 April - City Council meeting to consider a Resolution authorizing Notice of Intent to issue
06 and 13 April - First publication of Notice of Intent to issue Certificates of Obligation, and posting of Notice on City website, to occur at least 46 days prior to authorization of issuance. Second publication of Notice of Intent one week later.
17 April - Information for Preliminary Official Statement provided to Hilltop Securities by City
26 April - Preliminary Official Statement in final form and submitted to Rating Agency
Week of 01 May - Call with Rating Agency
12 May - Receipt of rating
22 May - Pricing and marketing of issue by underwriter(s), overseen by HilltopSecurities
23 May - City Council regular meeting to consider action authorizing issuance of Certificates of Obligation and approving sale
21 June - Closing; receipt of funds
City Admin. Grimes handout .pdf and comments, video 13:26
last week paid off debt for fire equipment purchased by ESD1, 2018 and 2018A
page 2 expenses drop of 18%
Informational
Mayor comments:Mayor Moss said he has been serving since 2017 and this is a monumental day for the city. He thanked everyone for their efforts.
Council Comments: Mayor Runnebaum thanked Mayor Moss.
City Admin. comments: City Manager Bryan Grimes thanked the City Council on behalf of city staff.
Executive session
cancelled - 2. Agreement with Parker County ESD No. 1 to sell Public Safety Building and Fire Station No. 2- Section 551.071 - Consultation with attorney. #EMSFirePoliceAmb
Minutes: No action taken.
During the 30 March 2023 Special Council meeting, the council met in Executive Session to consider an "Agreement with Parker County ESD No. 1 to sell Public Safety Building and Fire Station No. 2." The council made no actions after reconvening into open session.
During the 14 March 2034 Council meeting. the council approved an "agreement to sell the Public Safety Building and Fire Station No. 2 to Parker County ESD No. 1."
Willow Park Civics > Issues > Fire Department and ESD1, includes Willow Park Civics Blogs. This is the results of the the Emergency Services District 1 (ESD1) annexation of the Willow Park Fire and Rescue Department during the November 2022 general election.
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