RE 12-13-94.3 RESOLUTION NO. 121394.3
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS
OF THE CITY OF COPPELL'S IMPROVEMENT PROJECTS
AND OTHER MATTERS RELATED THERETO
THE STATE OF TEXAS :
COUNTY OF DALLAS :
CITY OF COPPELL :
WHEREAS, the City of Coppell, Texas (the "Issuer") is a political subdivision of the State of
Texas and is authorized to issue Certificates of Obligation pursuant to Chapter 271 of the Local
Government Code and Waterworks and Sewer System Revenue Bonds pursuant to Articles 1111 through
1118, V.A.T.C.S.; and;
WHEREAS, the Issuer expects to pay capital expenditures in connection with waterworks and
sewer system improvements, fire station improvements, Senior Citizens Center improvements,
Police/Courts/Jail Facility improvements and Town Center improvements (the "Projects") prior to the
issuance of Waterworks and Sewer System Revenue Bonds and Certificates of Obligation to finance the
Projects;
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;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS THAT:
Section 1. The Issuer reasonably expects to incur debt, as one or more series of obligations,
with an aggregate maximum principal amount equal to:
Waterworks and Sewer System Revenue Bonds - approximamtely $6,750,000 for the purpose of
paying, in part the costs for improvements and extensions to the Waterworks and Sewer System.
A portion of the proceeds received by the Issuer in an amount estimated not to exceed $243,476.06
to pay pursuant to Project Agreement - Oak Bend and $371,264.68 to pay pursuant to Project
Agreement - Pecan Hollow.
Certificates of Obligation - approximately $3,750,000 for the purpose of paying, in part, the costs
of the fire station improvements, Police/Courts/Jail Facility improvements and Town Center
improvements and Fire Station No. 1 improvements projects. A portion of the proceeds received
by the Issuer in an amount estimated not to exceed $349,200 for architecutral fees from available
funds.
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 Statement 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 Statement more than three years after the date any expenditure which is to be reimbursed is paid.
SIGNED this the 13th clay of December, 1994.
CITY OF
COPPELL
TOM MORTON, MAYOR
ATTEST;-
LINDA GRAU, CITY SECRETARY
APPPROVED AS TO FORM:
City Attorney
CERTIFICATE FOR ORDINANCE
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 DECEMBER, 1994, at the City Hall, and the roll was called of the duly constituted
officers and members of said City Council, to-wit:
Tom Morton, Mayor
Ron Robertson, Mayor Pro Tern
Norman Alexander /
Danny Watson
Mitch Reitman
Launy Mayo
Candy Sheehan
Linda Grau, City Secretary
and all of said persons were present, except the following' absentees: PLACE 2/ Vacant thus
constituting a quorum. Whereupon, among other business, the followmg was transacted at said
Meeting: a written
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS
OF THE CITY OF COPPELL'S IMPROVEMENT PROJECTS AND OTHER
MATTERS RELATED THERETO
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 Meeting; 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 Meeting, and that said Resolution would be introduced and considered for passage
at said Meeting, 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 13th day of December, 1994.
Linda Grau Tom Morton
City Secretary Mayor
SEAL