PILLAR: Fiscally Sound
AGENDA DATE: May 27, 2026
COUNCIL DISTRICT(S): Citywide
DEPARTMENT: Office of Procurement Services
PRIORITY: N/A
______________________________________________________________________
SUBJECT
Title
Authorize (1) a five-year bond counsel contingency fee contract with Bracewell LLP and West & Associates, LLP, most qualified respondents of five to provide counsel and co-counsel services for the City's general obligation bond transactions with the hourly rates and opinion fees as set forth in the resolution; (2) a five-year bond counsel contingency fee contract with McCall Parkhurst & Horton, L.L.P., most qualified respondent of five, to provide bond counsel services for the City's enterprise bond transactions in accordance with the hourly rates and opinion fees as set forth in the resolution; and (3) a five-year disclosure counsel contingency fee contract with Norton Rose Fullbright US LLP most qualified respondent of four, to provide bond disclosure counsel services for the City's bond transactions in accordance with the hourly rates and opinion fees as set forth in the resolution - Financing: Fees to be paid from bond proceeds, contingent upon completion of each bond sale
Body
BACKGROUND
The City requires the services of bond counsel, and co-bond counsel as applicable, to: (1) assist in the preparation of resolutions, ordinances, official statements, agreements and legal documents in connection with authorizing the issuance of bonds and other city debt instruments, (2) assist in obtaining approval of the issuance of the City's bonds from the Texas Attorney General, (3) render legal opinions in connection with the issuance of City bonds, and (4) provide legal advice as needed in connection with City financing and related matters.
The scope of the services for general obligation bond counsel and co-bond counsel includes legal services in connection with the City's authorization, sale, issuance, and delivery of its general obligation bond...
Click here for full text