RE 09-09-97.1 RESOLUTION NO. 090997.1
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CITY OF COPPELL, TEXAS WATERWORKS AND SEWER SYSTEM
REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES 1997
THE STATE OF TEXAS §
COUNTIES OF DENTON AND DALLAS §
CITY OF COPPELL §
WHEREAS, the City deems it advisable to give notice of intention to issue revenue bonds
for the purpose of improving and extending the City's Waterworks and Sewer System, and for the
purpose of refunding the City's outstanding Waterworks and Sewer System Revenue Refunding
Bonds, Series 1991 and Waterworks and Sewer System Revenue Bonds, Series 1991, Series 1992
and Series 1995 in the amount of $13,405,000; and
WHEREAS, it is hereby officially found and determined that the meeting at which this
Resolution was passed, 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 Government Code.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS:
1. That attached hereto is a form of the notice of intention to issue Waterworks and Sewer
System Revenue Refunding and Improvement Bonds, the form and substance of which is hereby
adopted and approved.
2. That the City Secretary s~ll cause said notice to be published in substantially the form
attached hereto, in a newspaper of general circulation in said City, and published in said City, on
the same day in each of two consecutive weeks, the date of the first publication thereof to be at
least 14 days prior to the time set for the issuance of such revenue bonds as shown in said notice.
3. That this Resolution shall become effective immediately upon adoption.
APPROVED THIS THE 9TH DAY OF SEPTEMB~997/ /(/ /
/ ' '
APPROVED AS TO FORlVI:
City Att!rn~y ~
CERTIFICATE FOR RESOLUTION
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 9TH DAY
OF SEPTEMBER, 1997, at the City Hall, and the roll was called of the duly constituted officers
and members of said City Council, to-wit:
Candy Sheehan, Mayor
Marsha Tunnell, Mayor Pro Tem
Norman Alexander
Chuck Sturges
Danny Watson
Larry Mayo
Larry Wheeler
Bill York
Kathleen Roach, City Secretary
and all of said persons were present, except the following absentees: thus
constituting a quorum. Whereupon, among other business, the following was transacted at said
Meeting: a written
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CITY OF COPPELL, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE
REFUNDING AND IMPROVEMENT BONDS, SERIES 1997
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 passed; and, after due discussion, said motion
carrying with it the passage of said Resolution, prevailed and carried by the following vote:
AYES: All members of said City Council shown present above voted "Aye".
NOES: None
2. That a true, full and correct copy of the aforesaid Resolution passed 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 Meefmg; that the above
and foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of
said Meeting pertaining to the passage 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 Meefmg, and that said Resolution would be introduced and considered for passage
at said Meefmg, and each of said officers and members consented, 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
Government 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 9th day of September, 19971 ~'7 /~
Clty Secretary x~- May~r
/
SEAL
CITY OF COPPELL, TEXAS
NOTICE OF INTENTION TO ISSUE WATERWORKS AND SEWER SYSTEM
REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES 1997,
IN THE PRINCIPAL AMOUNT OF $13,405,000
Notice is hereby given in accordance with Article 2368a, V.A.T.C.S., now known as
Chapter 252 of the Local Government Code, that the City Council of the City of Coppell, Texas,
intends to pass at a Regular Meet'mg to be held at 7:30 P.M. on October 14, 1997, at City Hall,
Coppell, Texas, an Ordinance authorizing the issuance, sale and delivery of an issue of bonds to
be designated as "City of Coppell, Texas Waterworks and Sewer System Revenue Refunding and
Improvement Bonds, Series 1997", in the maximum principal amount of not to exceed
$13,405,000, for the purpose of providing $3,700,000 in principal amount of bonds for improving
and extending the City's combined Waterworks and Sewer System, and providing $9,705,000 in
principal amount of bonds for the purpose of refunding all or a portion of the City's outstanding
Waterworks and Sewer System Revenue Refunding Bonds, Series 1991 and Waterworks and
Sewer System Revenue Bonds, Series 1991, Series 1992 and Series 1995, with such bonds to be
payable from and secured by a first lien on and pledge of the Net Revenues of the City's combined
Waterworks and Sewer System, all as will be further described, defined and provided in the
aforesaid Ordinance. Said bonds will bear interest from their date at a maximum rate not to
exceed 15% per annum, being the maximum permitted by Article 717k-2, V.A.T.C.S., and will
be scheduled to mature serially within a maximum of not to exceed 30 years from their date, and
will be subject to redemption prior to maturity, and will have such other and further
characteristics as will be provided in the aforesaid Ordinance, with such bonds being authorized,
issued, sold and delivered pursuant to Article 717k, V.A.T.C.S. and Articles 11 ! 1 through ! 118,
V.A.T.C.S.
Candy Sheehan, Mayor