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NOTICE TO THE PUBLIC

AVERY RANCH ROAD DISTRICT No. 1
PEARSON PLACE ROAD DISTRICT
NORTHWOODS ROAD DISTRICT No. 1
SOMERSET HILLS ROAD DISTRICT No. 4

September 1, 2020
10:00 A.M.

The Commissioners Court of Williamson County, Texas pursuant to V.A.C.S. art. 6702-1, acting as ex-officio road commissioners of their respective precincts, will meet in regular session on Tuesday, September 1, 2020, at 10:00 a.m. or immediately following special session, the place being the Commissioners Courtroom, 710 Main Street, in Georgetown, Texas to consider the following items:

Review and approval of minutes.

Consideration and possible action related to an "Order Authorizing The Issuance Of Somerset Hills Road District No. 4 Unlimited Tax Road Bonds, Series 2020; Levying An Ad Valorem Tax In Support Of The Bonds; Approving An Official Statement; Authorizing The Execution Of A Paying Agent/Registrar Agreement And A Bond Purchase Agreement; And Authorizing Other Matters Related To The Issuance Of The Bonds."

Consideration and possible action related to an "Order Authorizing The Issuance Of Somerset Hills Road District No. 4 Unlimited Tax Road Bonds, Taxable Series 2020; Levying An Ad Valorem Tax In Support Of The Bonds; Approving An Official Statement; Authorizing The Execution Of A Paying Agent/Registrar Agreement And A Bond Purchase Agreement; And Authorizing Other Matters Related To The Issuance Of The Bonds."

Discuss and take appropriate action to include a record vote on a proposed tax rate for Avery Ranch Road District for tax year 2020.

Discuss and take appropriate action to include a record vote on a proposed tax rate for Pearson Place Road District for tax year 2020.

Discuss and take appropriate action to include a record vote on a proposed tax rate for Northwoods Road District #1 for tax year 2020.

Discuss and take appropriate action to include a record vote on a proposed tax rate for Somerset Hills Road District #4 for tax year 2020.

_________________________
Bill Gravell, Jr., County Judge

Road District

Meeting Date:

09/01/2020

Somerset Hills 2020 Tax Exempt Road Bonds

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Background

Jacqueline Hale, Bond Counsel, of McCall Parkhurst & Horton and Garry Kimball, Financial Advisor, of Specialized Public Finance will be here to answer questions regarding these documents and the sale of Road Bonds.

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Somerset Hills Tax-Exempt Bond Documents

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:09 PM

Form Started By: mdenny

Started On: 08/25/2020 02:49 PM

Final Approval Date: 08/26/2020

Road District

Meeting Date:

09/01/2020

Somerset Hills 2020 Taxable Road Bonds

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Background

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Somerset Hills Taxable Bond Documents

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:09 PM

Form Started By: mdenny

Started On: 08/25/2020 02:57 PM

Final Approval Date: 08/26/2020

Road District

Meeting Date:

09/01/2020

Fiscal Year 2021 Tax Rate - Avery

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Discuss and take appropriate action to include a record vote on a proposed tax rate for Avery Ranch Road District for tax year 2020.

Background

The current tax rate (fiscal year 2020) for the district is $.0766. In order to meet the debt service obligations of the district it is being recommended that a tax rate of $0.074096 be adopted to meet the debt service budget of $1,249,680. Attached is a letter from Garry Kimball, financial advisor, that gives the highlights of the assessed valuation and the recommendation for the rate; and an order levying taxes for the Avery Ranch Road District No. 1.

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Avery Tax Rate Letter

Avery Ranch Road District Tax Rate Order

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:06 PM

Form Started By: mdenny

Started On: 08/23/2020 05:44 PM

Final Approval Date: 08/26/2020

Road District

Meeting Date:

09/01/2020

Fiscal Year 2021 Tax Rate - Pearson Place

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Discuss and take appropriate action to include a record vote on a proposed tax rate for Pearson Place Road District for tax year 2020.

Background

The current tax rate (fiscal year 2020) for the district is $0.1100. In order to meet the debt service obligations of the district it is being recommended that a tax rate of $0.1000 be adopted to meet the debt service budget of $332,980. Attached is a letter from Garry Kimball, financial advisor, that gives the highlights of the assessed valuation and the recommendation for the rate; and an order levying taxes for the Pearson Place Road District.

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Pearson Place Tax Rate Letter

Pearson Place Road District Tax Rate Order

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:06 PM

Form Started By: mdenny

Started On: 08/23/2020 05:45 PM

Final Approval Date: 08/26/2020

Road District

Meeting Date:

09/01/2020

Fiscal Year 2021 Tax Rate - Northwoods

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Discuss and take appropriate action to include a record vote on a proposed tax rate for Northwoods Road District #1 for tax year 2020.

Background

The current tax rate (fiscal year 2020) for the district is $0.2825. In order to meet the debt service obligations of the district it is being recommended that a tax rate of $0.2725 be adopted to meet the debt service budget of $693,080. Attached is a letter from Garry Kimball, financial advisor, that gives the highlights of the assessed valuation and the recommendation for the rate; and an order levying taxes for the Northwoods Road District #1.

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Northwoods Tax Rate Letter

Northwoods Road District #1 Tax Rate Order

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:07 PM

Form Started By: mdenny

Started On: 08/23/2020 05:45 PM

Final Approval Date: 08/26/2020

Road District

Meeting Date:

09/01/2020

Fiscal Year 2021 Tax Rate - Somerset

Submitted For:

Melanie Denny

Department:

County Auditor

Information

Agenda Item

Discuss and take appropriate action to include a record vote on a proposed tax rate for Somerset Hills Road District #4 for tax year 2020.

Background

In order to meet the debt service obligations of the district it is being recommended that a tax rate of $0.2900 be adopted to meet the debt service budget of $232,880. Attached is a letter from Garry Kimball, financial advisor, that gives the highlights of the assessed valuation and the recommendation for the rate; and an order levying taxes for the Road District.

Fiscal Impact

From/To

Acct No.

Description

Amount

Attachments

Somerset Hills Tax Rate Letter

Somerset Hills Road District #4 Tax Rate Order

Form Review

Inbox

Reviewed By

Date

County Judge Exec Asst.

Andrea Schiele

08/26/2020 04:08 PM

Form Started By: mdenny

Started On: 08/23/2020 05:46 PM

Final Approval Date: 08/26/2020