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File #: 24-6390   
Type: Consent Status: Agenda Ready
File created: 11/21/2024 In control: City Council
On agenda: 12/12/2024 Final action: 12/12/2024
Title: Authorize negotiation and execution of multi-term agreements with McCall, Parkhurst & Horton L.L.P., Bracewell L.L.P., Norton Rose Fulbright U.S. L.L.P., and Orrick, Herrington & Sutcliffe L.L.P. to provide bond counsel legal services for up to eight years in an amount dependent on the dollar amount of each bond transaction. Funding: Funding is available in each fiscal year as a portion of the bond proceeds appropriated for bond issuance costs.
Attachments: 1. Recommendation for Action
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Title
Authorize negotiation and execution of multi-term agreements with McCall, Parkhurst & Horton L.L.P., Bracewell L.L.P., Norton Rose Fulbright U.S. L.L.P., and Orrick, Herrington & Sutcliffe L.L.P. to provide bond counsel legal services for up to eight years in an amount dependent on the dollar amount of each bond transaction. Funding: Funding is available in each fiscal year as a portion of the bond proceeds appropriated for bond issuance costs.

De
Lead Department
Law Department.

Fiscal Note
Funding is available in each fiscal year as a portion of the bond proceeds appropriated for bond issuance costs.

For More Information:
Assistant City Attorney Sean Creegan, 512-974-6461.

Additional Backup Information:
The City issued a request for qualifications for bond counsel services for the purpose of providing legal opinions and advising the City in matters pertaining to the issuance, approval, sale, delivery, and other special issues that may arise from municipal bonds and other debt instruments authorized by the City.

An evaluation team with expertise in this area evaluated the offers and determined McCall, Parkhurst, & Horton L.L.P., Bracewell L.L.P., and Norton Rose Fulbright US L.L.P., and Orrick, Herrington & Sutcliffe L.L.P. as the best qualified firms to provide the City with bond counsel services. Under the agreements for bond counsel services, bond counsel will assist the City in the following areas: (1) McCall, Parkhurst, & Horton L.L.P. will act as bond and tax counsel for general obligation financing and bond elections, water and wastewater revenue bonds and refunding bonds, utility related commercial paper transactions, tax increment financing, and other financing projects with approval of the City Attorney, (2) Norton Rose Fulbright US L.L.P. will act as bond and tax counsel for car rental tax-related financing, hotel occupancy tax-related financing, convention center financing, electric utility revenue bonds and refunding bond...

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