RE 03-09-81
RESOLUTION NO. a /. ~. 9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, REQUESTING FINANCIAL ASSISTANCE FROM
THE TEXAS WATER DEVELOPMENT BOARD, AUTHORIZING THE
SUBMISSION OF AN APPLICATION FOR FINANCIAL ASSIS-
TANCE AND DESIGNATING AN OFFICIAL REPRESENTATIVE
THE ST ATE OF TEXAS
COUNTY OF DALLAS
CITY OF COPPELL
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WHEREAS, the City Council is empowered pursuant to Article 1015,
Section 30, Vernon's Ann.Civ.St. to provide, or cause to be provided, the City with
water; and
WHEREAS, the City Council has determined and hereby does determine
that in order to provide adequate water services to the inhabitants of the City,
improvements and extensions to the City's waterworks system are necessary; and
WHEREAS, the City of Coppell, Texas, is authorized to issue bonds to
finance the cost of the said improvements and extensions pursuant to Vernon's
Ann.Civ.St., Article 1111-1118, as amended and supplemented; and
WHEREAS, the City Council has determined and hereby does determine
that the City cannot reasonably finance the cost of said improvements and
extensions without financial assistance from the Texas Water Development Board
in the amount requested in its Application for Financial Assistance for
Waterworks Improvements to the Texas Water Development Board;
NOW, THEREFORE,' BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
1. That each and everyone of the recitals, financings and deter-
minations contained in the preamble of this resolution are hereby repeated and
incorporated herein as due, proper, final and formal findings and determinations
of this City Council.
2. That the City of Coppell, Texas (the "City"), hereby requests
financial assistance from the Texas Water Development Board (the "Board"), in
the amount of $1,200,000 through the purchase of the City's bonds issued for the
purpose of extending, constructing, improving and repairing the City's waterworks
system.
3. That the submission of the Application for Financial Assistance for
Construction of Waterworks Improvements to the Texas Water Development Board
be and hereby is authorized.
4. That the City Administrator be and hereby is directed to execute
said application on behalf of the City and the City Administrator is hereby
designated the official representative of the City for executing said application
and appearing before the Board along with First Southwest Company, Financial
Advisors to the City, Messrs. Hutchison Price Boyle & Brooks, Bond Counsel for
the City, and Hogan & Rasor, Inc., Project Engineers.
5. That the City has determined that it cannot reasonably finance the.
aforementioned extensions and improvements to its waterworks system without
assistance from the Texas Water Development Board in the amount of $1,200,000.
PASSED AND APPROVED this ~ day
ATTEST:
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[SEAL]
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MINUTES AND CERTIFICATION PERTAINING TO A
RESOLUTION REQUESTING FINANCIAL ASSIS-
TANCE FROM THE TEXAS WATER DEVELOPMENT
BOARD, AUTHORIZING THE SUBMISSION OF AN
APPLICATION FOR FINANCIAL ASSISTANCE, DE-
SIGNATING AN OFFICIAL REPRESENTATIVE
THE STATE OF TEXAS
COUNTY OF DALLAS
CITY OF COPPELL
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On this the qU!- day of ~' 1981, the City Council of the
City of Coppell, Texas, convened in . ~ meeting at the regular meeting
place thereof, the meeting being open to the public and notice of said meeting,
giving the date,' place and subject thereof, having been posted as prescribed by
Article 6252-17,~ V.A.T.C.S., and the roll was called of the duly constituted
officers and members of said City Council, to-wit:
Andrew Brown,' Mayor
Dorothy Timmons, City Secretary
David Phillips
Roy Brock
Glen White
Dale Ware
Orville Mayo
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) Councilmembers
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an all of said per ns were present, except the following absentees:
. , thus constituting a quorum. Whereupon,l
among ot er usme s the ollowing was transacted at said Meeting:
A Resolution Requesting Financial Assistance from
the Texas Water Development Board, Authorizing the
Submission of an Application for Financial Assistance,
Designating an Official Representative
The Resolution a full, true and correct copy of which is attached hereto,
was read and reviewed by the City Council.
Thereupon, it Wt1Jll:it, by Couneilmember ~ and seconded
by Councilmember that the Resolution be passed.
The Mayor put the motion to a vote of the members of the City Council
and the Resolution was passed by the following vote:
A YES: All members shown present above voted "Aye."
NOES: None.
The Mayor then declared the Resolution passed, and signed and approved
the same in the presence of the City Council.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and
to correctly reflect the duly constituted members of the City Council of said
City, and the attached and following copy of said Resolution is hereby certified
to be a true and correct copy of an official copy thereof on file among the
official records of the City, all on the q~ day of , 1981.
ATTEST:
Texas
[SEAL]
NOTICE OF INTENTION TO ISSUE
GENERAL OBLIGATION CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS
COUNTY OF DALLAS
CITY OF COPPELL
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NOTICE is hereby given that on the 26th day of October, 1982, the City of Coppell,
Texas, at a regular meeting of the City Council to be held at the Administration Building,
1201 Wrangler Drive in the City of Coppell, the regular meeting place of the City Council,
intends to pass an ordinance authorizing the issuance of General Obligation Certificates of
Obligation, for the purpose of purchasing land for a municipal services center for said
City, and for the payment of the contractual obligations for professional services of
attorneys and financial advisors in connection therewith. Said Certificates shall be issued
in an amount not to exceed Five Hundred Thousand Dollars ($500,000); they shall bear
interest at a rate not to exceed Fifteen Per Cent (15%) per annum, and shall have a
maximum maturity date of not later than Forty (40) years after their date. Said
Certificates shall be payable from the levy of a direct and continuing annual ad valorem
tax against all taxable property within said City sufficient to pay the interest on this
series of Certificates as due and to provide for the principal thereof as the same matures,
as authorized by Article 2368a.l, V.A.T.C.S., as amended and supplemented.
THIS NOTICE is given in accordance with law and as directed by the City Council of
the City of Coppell, Texas.
GIVEN this..1o~ day of ~ ' 1982.
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City S retary