Loading...
Exhibit 1 - Agenda Information Sheet - Amend 1City of Denton _____________________________________________________________________________________ AGENDA INFORMATION SHEET DEPARTMENT: Procurement ACM: Christine Taylor DATE: January 13, 2026 SUBJECT Consider adoption of an ordinance of the City of Denton, a Texas home-rule municipal corporation, authorizing the approval of a first amendment to a Professional Services Agreement between the City of Denton and McCall, Parkhurst & Horton, L.L.P., amending the contract approved by City Council on March 1, 2022, in the not-to-exceed amount of $1,250,000.00; said first amendment to continue to provide bond counsel services for the Finance Department; providing for the expenditure of funds therefor; and providing an effective date (PSA 7942 – providing for an additional first amendment expenditure amount not-to- exceed $200,000.00, with the total contract amount not-to-exceed $1,450,000.00). STRATEGIC ALIGNMENT This action supports Key Focus Area: Pursue Organizational Excellence and Collaborative and Respectful Leadership. INFORMATION/BACKGROUND Upon entering into the professional services agreement in 2022 with McCall, Parkhurst & Horton, LLP (MPH), the City had not yet identified the need for additional debt financing structures to support capital improvement projects, nor had it made a determination to initiate the 2023 bond program. The subsequent development and implementation of these financing mechanisms have significantly expanded the scope of services required from bond counsel beyond the original expectations at the time the agreement was executed. The additional spending authority will enable the City to continue utilizing these services through the conclusion of the contract term. In accordance with Texas Local Government Code 252.022, the procurement of professional services is exempt from the requirement of competition-based selection. PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS) On March 3, 2022, City Council approved a contract with McCall, Parkhurst & Horton, L.L.P., in the not- to-exceed amount of $1,250,000 (Ordinance 22-389). City Hall 215 E. McKinney Street Denton, Texas www.cityofdenton.com RECOMMENDATION Award Amendment No. 1 with McCall, Parkhurst and Horton, L.L.P., to continue to provide bond counsel services for the Finance Department, in a not-to-exceed amount of $200,000, for a total amended contract amount of $1,450,000. PRINCIPAL PLACE OF BUSINESS McCall, Parkhurst and Horton, L.L.P. Dallas, TX ESTIMATED SCHEDULE OF PROJECT This contract will expire on March 26, 2027. FISCAL INFORMATION These services are considered part of the issuance cost and paid from bond proceeds shortly after closing. Account numbers will vary based on issuance but generally follow the GL account string (Fund)801.7867. The annual payment amount is dependent on the amount of bonds sold each year. EXHIBITS Exhibit 1: Agenda Information Sheet Exhibit 2: Original Ordinance and Contract Exhibit 3: Amendment 1 Ordinance Respectfully submitted: Lori Hewell, 940-349-7100 Purchasing Manager For information concerning this acquisition, contact: Mack Reinwand, 940-349-8132. Legal point of contact: Leah Bush at 940-349-8333.