NOTICE OF INTENTION TO ISSUE CITY OF
PFLUGERVILLE, TEXAS
COMBINATION TAX AND LIMITED REVENUE
CERTIFICATES OF OBLIGATION AND NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of Pflugerville, Texas, to issue interest bearing Certificates of Obligation of the City in one or more series (the "Certificates") for the purpose of paying contractual obligations incurred or to be incurred by the City for: (1) constructing, expanding and equipping a City public works facility comprised of office and administrative facilities for City transportation and utility employees, including related engineering staff, and equipment for providing transportation and utility maintenance; (2) constructing, improving and/or extending the City's waterworks and sewer system, and (3) paying related professional services including for construction managers, engineers, architects, attorneys, auditors, financial advisors, fiscal agents and costs related to issuing the Certificates.
The City Council tentatively proposes to consider for first and final reading at a public meeting to commence at 7:00 p.m., on the 24th day of March, 2026 at 1611 Pfennig Lane, Pflugerville, Texas 78660, the passage of an ordinance authorizing the Certificates. The maximum amount of the Certificates that may be authorized for such purpose is $42,000,000. The City Council presently proposes to provide for the payment of the Certificates from the levy and collection of ad valorem taxes in the City as provided by law and from a limited pledge of the surplus revenues derived from the operation of the City's combined waterworks and sewer system, after payment of all operation and maintenance expenses and all debt service, reserve and other requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter outstanding) which are payable from all or any part of the revenues of the City's combined waterworks and sewer system, which amount shall not exceed $5,000.
In accordance with the City's home rule charter, the City also intends to hold a public hearing prior to adoption of the ordinance authorizing the issuance of the Certificates at a public meeting to commence at 7:00 p.m. on the 24th day of March, 2026 at 1611 Pfennig Lane, Pflugerville, Texas 78660.
The following information is required pursuant to Texas Local Government Code, Section 271.049: As of January 27, 2026, the aggregate principal amount of all outstanding debt obligations of the City secured by and payable from ad valorem taxes is $824,475,000. As of January 27, 2026, the combined principal and interest required to pay all outstanding debt obligations of the City secured by and payable from ad valorem taxes on time and in full is $1,330,520,868. Such amounts also include debt service on debt the City currently intends to pay from sources other than ad valorem taxes but that could be paid from ad valorem taxes if such other sources are not available at the time required for payment. The estimated combined principal and interest required to pay the Certificates on time and in full is $83,045,083. The estimated interest rate for the Certificates is 5.00%. Such estimates take into account a number of factors, including the issuance schedule, maturity schedule and the expected ratings of the proposed Certificates. Such estimated interest rate is provided as a matter of information but is not a limitation on the interest rate at which the Certificates may be sold. The maximum maturity date of the Certificates is August 1, 2056.
CITY OF PFLUGERVILLE, TEXAS
February 4-4, 11 2026
IPLAAS0122420
Refcode: #IPLAAS01224200
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(A political subdivision of the State of Texas located in Travis County, Texas)
$2,200,000
Selling: Thursday, February 5, 2026
Bids Due: 9:00 AM, C.S.T.
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