RE 04-14-92.1 RESOLUTION NO. 041492.1
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING
A GUARANTY AGREEMENT BETWEEN THE CITY AND CATELLUS
DEVELOPMENT CORPORATION WITH REFERENCE TO THE
COPPELL GATEWAY PUBLIC IMPROVEMENT DISTRICT
WHEREAS, the City Council of the City of Coppell, Texas, (the "City") has by
Ordinance No. 92-543 ("Ordinance") approved an Assessment/Service Plan for the Coppell
Gateway Public Improvement District and the City and Catellus Development Corporation
("Catellus") have agreed to enter into a Guaranty Agreement with reference to the
collection of the assessments authorized in the Ordinance,
WHEREAS, the City finds that the Guaranty Agreement attached as Exhibit "A"
is in correct form and recites the agreement between the City and Catellus;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS:
Section 1. The City Council of the City of Coppell, Texas, hereby approves the
Guaranty Agreement in the form attached as Exhibit "A" hereto.
Section 2. The Mayor and City Secretary are hereby authorized and directed to
execute the Guaranty Agreement on behalf of the City and do any and all things
necessary and/or convenient to carry out the terms of this resolution.
Section 3. Sufficient written notice of the date, hour, place and subject of the
meeting of the City Council at which this Resolution was adopted was posted for the time
required by law preceding this meeting and such meeting was open to the public as
required by law and all times during which this Resolution and the subject matter thereof
was discussed, considered and formally acted upon as required by the Open Meetings Act,
Texas Civil Statutes Annotated, Article 6252-17, as amended.
PASSED and APPROVED this 14th day of April, 1992.
CITY OF COPPELL, TEXAS
Mayor
ATTEST:
city Secret~ ~
[SEAL]
0189:2173
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