Loading...
RE 2008-0812.1 Combination Tax & Revenue 2008 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: REGULAR MEETING ON THE 12TH 1. The City Council of said City convened in DAY OF AUGUST, 2008, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Douglas N. Stover, Mayor Marvin M. Franklin, Mayor Pro Tem Timothy Brancheau Jayne Peters Brianna Hinojosa-Flores Marsha Tunnell Billy Faught Karen Hunt Libby Ball, City Secretary None 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 COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION 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 12th day of August, 0 . (CITY SEAL) ,~; RESOLUTION # 1.('JD8'" OtJ/ 1../ DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF COPPELL WHEREAS, the City deems it advisable to give notice of intention to issue Combination Tax and Revenue Certificates of Obligation, in one or more series, being the Series A, in the principal amount not to exceed $20,000,000, for the acquisition of approximately 832.8 acres and the Series B, in the principal amount not to exceed $10,000,000, for the acquisition of approximately 108.0 acres; being all out of a tract of approximately 940.8 acres known as NorthLake property owned by Luminant, being located east of south Beltline, south of east Beltline, west of Valley Ranch Road being located in Irving and north of Hackberry Road, to be used in part for water system improvements including storage facilities and pumping station and in part for future municipal improvements, facilities and purposes, and for paying legal, fiscal, and engineering fees in connection with such projects; 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. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL: 1. That attached hereto is a form of the Notice of Intention to Issue Certificates of Obligation, the form and substance of which is hereby adopted and approved. 2. That the City Secretary shall 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 30 days prior to the time set for the issuance of such certificates of obligation as shown in said notice. 3. That this Resolution shall become effective immediately upon adoption. APPROVED AND ADOPTED this 12th day of August, 20 8. , f.. ~- CITY OF COPPELL, TEXAS NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION The City of Coppell does hereby give notice of intention to issue Combination Tax and Revenue Certificates of Obligation, in one or more series, being the Series A, in the principal amount not to exceed or the acquisition of approximately 832.8 acres $20,000,000, fand the Series B, in the principal amount not to exceed $10,000,000, for the acquisition of approximately 108.0 acres; being all out of a tract of approximately 940.8 acres known as NorthLake property owned by Luminant, being located east of south Beltline, south of east Beltline, west of Valley Ranch Road being located in Irving and north of Hackberry Road, to be used in part for water system improvements including storage facilities and pumping station and in part for future municipal improvements, facilities and purposes, and for paying legal, fiscal, and engineering fees in connection with such projects. The City proposes to provide for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from limited surplus revenues of the City's Waterworks and Sewer System, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the Net Revenues of the City's combined Waterworks and Sewer System. The City Council intends to consider for passage at a Regular Meeting to be held at 7:00 P.M., on September 23, 2008, the Ordinances authorizing the issuance of City of Coppell, Texas Combination Tax and Revenue Certificates of Obligation, Series A and Series B, at the City Hall, Coppell, Texas. Douglas N. Stover, Mayor AFFIDAVIT OF PUBLICATION THE STATE OF TEXAS § COUNTIES OF DALLAS & DENTON § CITY OF COPPELL § BEFORE ME, a notary public in and for the above named County, on this day personally appeared the person whose name is subscribed below, who, having been duly sworn, says upon oath CITIZENS ADVOCATE, that he or she is a duly authorized officer or employee of the which is a newspaper of general circulation in the above named County, devoting not less than 25% of its total column lineage to the carrying of items of general interest, published not less frequently than once each week, entered as second-class postal matter in the county where published, and having been published regularly and continuously for not less than 12 months prior to the making of any publication; and that a NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND true and correct copy of the REVENUE CERTIFICATES OF OBLIGATION, SERIES 2008, a clipping of which is attached to this Affidavit, was published in said Newspaper on the following dates: August 15, 2008 August 22, 2008 Authorized Officer or Employee SUBSCRIBED AND SWORN TO BEFORE ME on the _____ day of _______, 2008. NOTARY SEAL Notary Public