City of Lewisville, TX - File #: 26-4619

• File #: 26-4619
• Version: 2
• Type: Agenda Item
• Status: Regular Hearing
• File created: 5/29/2026
• In control: City Council
• On agenda: 6/15/2026
• Title: Consider and Take Action on an Ordinance of the City Council of the City of Lewisville, Texas, Authorizing the Issuance and Sale of City of Lewisville, Texas, Waterworks and Sewer System Revenue Refunding and Improvement Bonds, Series 2026 in the Aggregate Principal Amount of Not to Exceed $42,000,000; Providing for the Security for and Payment of Said Bonds; Authorizing the Execution and Delivery of a Paying Agent/Registrar Agreement, an Escrow or Deposit Agreement; Approving the Official Statement; and Enacting Other Provisions Relating Thereto.

title

Consider and Take Action on an Ordinance of the City Council of the City of Lewisville, Texas, Authorizing the Issuance and Sale of City of Lewisville, Texas, Waterworks and Sewer System Revenue Refunding and Improvement Bonds, Series 2026 in the Aggregate Principal Amount of Not to Exceed $42,000,000; Providing for the Security for and Payment of Said Bonds; Authorizing the Execution and Delivery of a Paying Agent/Registrar Agreement, an Escrow or Deposit Agreement; Approving the Official Statement; and Enacting Other Provisions Relating Thereto.

request

ADMINISTRATIVE COMMENTS:

City staff is planning to issue $42 million in Waterworks and Sewer System Revenue Refunding and Improvement Bonds this fiscal year.  In order to allow flexibility in setting the sale date for the bonds, Hilltop Securities, the City’s financial advisor, is recommending the Council adopt a parameters ordinance which will allow the City Council to authorize the sale of bond obligations at a future date, as long as specific parameters are met. A parameters ordinance has traditionally been done by the City providing the flexibility needed to ensure the issuance is sold when most practical and economically feasible.  Authority granted by the ordinance expires one year from the date of approval. Planned projects to be funded through the issuance include additions and extensions to the City’s waterworks and sewer system and costs associated with the issuance of the bonds. A portion of the proceeds will also be used to refund the Series 2016 Waterworks and Sewer System Revenue Refunding and Improvement bonds.

RECOMMENDATION:

That City Council approve the ordinance as set forth in the caption above.