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RE 2003-05-13.1CERTIFICATE FOR RESOLUTION NO. 2003-~_~. [ THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF COPPELL We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in REGULAR MEETING ON THE 13TH DAY OF MAY, 2003, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Douglas N. Stover, Mayor Tim Bmcheau Jayne Peters Diana Raines Marsha Tunnell Thom Suhy ' Bill York Billy Faught Libby Ball, City Secretary and all of said persons were present, except the following absentees: .iq'/9/q'~ , thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF CITY IMPROVEMENTS was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion carrying with it the adoption of said Resolution, prevailed and carried by the following vote: AYES: ffi:~members of said City Council shown present above voted "Aye". NOES: ~ I 2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt fi'om said City Council's minutes of said Meeting pertaining to the adoption of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered for adoption at said Meeting, and each of said officers and members consemed, in advance, to the holding of said Meeting for such purpose, and that said Meeting was open to the public and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Govemmem Code. 3. That the Mayor of said City has approved and hereby approves the aforesaid Resolution; that the Mayor and the City Secretary of said City have duly signed said Resolution; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED THE 13TH DAY OF MAY, 2003. City ~-ecretar(J -- -v ~Mayor / ' (CITY SEAL) RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF CITY IMPROVEMENTS THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF COPPELL WHEREAS, the City of Coppell, Texas (the "Issuer") is a municipality of the State of Texas; and WHEREAS, the Issuer expects to pay expenditures in connection with the purpose of paying all or a portion of the City's contractual obligations for the purpose of the acquisition of approximately up to 24.9 acres for municipal uses and purposes located in the vicinity of the intersection of Coppell Road and Bethel Road, southwest comer, and for paying legal and fiscal fees in connectionwith these projects (the "Project"); and WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the Issuer and, as SUCh, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to finance the Project. BE 1T RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, THAT: Section 1. The Issuer reasonably expects to incur debt, as one or more series of obligations, with an aggregate maximum principal amount not to exceed $3,000,000 to pay for the Project. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax- exempt obligations will be issued by the Issuer in furtherance of this Resolution after a date which is later than 18 months after the later, of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. Section 3. The foregoing notwithstanding, no tax-exempt obligation will be issued pursuant to this Resolution more than three years after the date any expenditure which is to be reimbursed is paid. Section 4. This Resolution shall become effective immediately. PASSED, APPROVED AND EFFECTIVE this 13th day of May, 2003. Mayor ATTEST: City Secretary APPROVED AS TO LEGALITY: City Attorney (CITY SEAL)