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AGENDA DRAINAGE DISTRICT BOARD OF DIRECTORS November 3, 2014 10:00 A.M. |
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NOTICE is hereby given in accordance with Chapter 551, Texas Government Code, that a SPECIAL MEETING of the Drainage District #1 Board of Directors will be held at the Edinburg Council Chambers, 415 W. University Drive, Edinburg, Hidalgo County, Texas. Discussion and possible action relating to the following business will be transacted:
1.
Roll Call
2.
Open Forum
3.
A. Presentation by Hidalgo County Drainage District No. 1 Financial Advisor; First Southwest Company with respect to the issuance, sale and delivery of Hidalgo County Drainage District No.1 Unlimited Tax Refunding bonds, Series 2014.
B. Consideration and approval of a Resolution authorizing the issuance, sale and delivery of Hidalgo County Drainage District No.1 Unlimited Tax Refunding Bonds, Series 2014; delegating certain authority to the Chairman of the Board and the Financial Officer of the District pursuant to the provisions of Texas Government Code, Sections 1207.007 and 1207.008; levying a continuing direct annual ad valorem tax authorizing the refunding of certain outstanding bonds; authorizing the execution of a bond purchase contract; approving the official statement, execution of escrow and trust agreement, and making other provisions regarding such bonds and matters incident thereto.
B. Consideration and approval of a Resolution authorizing the issuance, sale and delivery of Hidalgo County Drainage District No.1 Unlimited Tax Refunding Bonds, Series 2014; delegating certain authority to the Chairman of the Board and the Financial Officer of the District pursuant to the provisions of Texas Government Code, Sections 1207.007 and 1207.008; levying a continuing direct annual ad valorem tax authorizing the refunding of certain outstanding bonds; authorizing the execution of a bond purchase contract; approving the official statement, execution of escrow and trust agreement, and making other provisions regarding such bonds and matters incident thereto.
4.
Closed Session:
Board of Directors may go into Closed Session pursuant to Chapter 551, Texas Government Code, Sections 551.071 & 551.072 to discuss the following:
Board of Directors may go into Closed Session pursuant to Chapter 551, Texas Government Code, Sections 551.071 & 551.072 to discuss the following:
A.
Real Estate Acquisition
B.
Pending and/or Potential Litigation
5.
Open Session:
A.
Real Estate Acquisition
B.
Pending and/or Potential Litigation
6.
Closed Session:
Board of Directors may reconvene into Closed Session for the discussion regarding the agenda items listed
Board of Directors may reconvene into Closed Session for the discussion regarding the agenda items listed
7.
Open Session:
Board of Directors may reconvene into Open Session for the discussion regarding the agenda items listed
Board of Directors may reconvene into Open Session for the discussion regarding the agenda items listed
8.
Adjourn