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RE 06-09-92.1 CERTIFICATE FOR RESOLUTION - 060992.1 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 REG~ MEETING ON THE 9TH OF JUNE, 1992, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Mark Wolfe, Mayor Bill Smothermon, Mayor Pro Tern Jim Garrison Tom Morton Lanny Mayo Ron Robertson David Thomas Peyton Weaver Dorothy Timmons, City Secretary I.ind_a Cfi-au, Assistant City Secretary and all of said persons were present, except the following absentees: DOROTHY TIMMONS, CITY SECRETARY thus constituting a quorum. Whereupon, among o~ner business, the following was transacted at said Meeting: a written RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF THE FIRE ADMINISTRATION BUILDING PROJECT 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 Vernon's Ann. Civ. St. Article 6252-17. 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 June, 1992. City Secret~ SEAL 22 RESOLUTION NO. 060992.1 EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF THE FIRE ADMINISTRATION BUILDING PROJECT THE STATE OF TEXAS : COUNTIES OF DALLAS AND DENTON : CITY OF COPPELL : WHEREAS, the City of Coppell (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 (the "Act"); and WHEREAS, the Issuer expects to pay capital expenditures in connection with the design, planning, acquisition and construction of the Fire Administration Building and capital equipment for use by the Issuer (the "Project") prior to the issuance of Certificates of Obligation to finance the Project; WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer for the payment of such capital expenditures will be appropriate and consistent with the objectives of the Act and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.103-18 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 C1TY 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 equal to $500,000 for the purpose of paying the costs of the Project. A portion of the proceeds received by the Issuer in an amount estimated not to exceed $350,000, are reasonably expected to be used to reimburse the General Fund from which such capital expenditures are expected to be made for the Project. Section 2. The Issuer intends that this Resolution satisfy the official intent requirement set forth in Section 1.103-18 of the Treasury Regulations. The Issuer has no funds or sources of funds, other than the proceeds of the debt to be incurred, which the Issuer has, or reasonably expects to be, reserved, allocated on a long-term basis, or otherwise set aside in the Issuer's budget or other financial policies with respect to the expenditures to be reimbursed. Section 3. All costs to be reimbursed pursuant hereto will be capital expenditures within the meaning of Section 1.103-18(c)(2)(iii) of the Treasury Regulations. None of the expenditures to be reimbursed pursuant to this Resolution have been allocated to expenditures entered on the books and records of the Issuer earlier than the date on which such expenditures are paid. Moreover, no debt obligations will be issued by the Issuer in furtherance of this Resolution after a date which is later than one year 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 4. The Issuer directs that this Resolution be maintained as a public record available for inspection by all persons in accordance with the provisions of Article 6252-17a, V.PuT. C.S. and that no later than thirty (30) days after this date, this Resolution will be made available for inspection by all members of the general public at the offices of the Issuer.