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RE 11-08-99.1 resolution no. 110899.1 RESOLUTION FOR THE ELECTION FOR THE ISSUANCE OF BONDS Coppell, Texas November 8, 1999 CANVASS OF RETURNS AND DECLARATION OF RESULTS OF ELECTION BE IT REMEMBERED THAT on this the 8th day of November 1999, at a meeting of the City Council of the City of Coppell, Texas, a quorum being present, the meeting was called to order and the following business was transacted. Upon motion it was unanimously ordered that the City Council consider the official returns of a special election held in the City on November 2, 1999, to vote for or against propositions pertaining to the issuance of bonds. WHEREUPON said official returns were opened, examined, canvassed and the results declared as follows: CANVASS OF RETURNS AND DECLARATION OF RESULTS WHEREAS, heretofore, the City Council of the City of Coppell, Texas, called a special election to be held in the City on November 2, 1999, to vote for or against three (3) propositions pertaining to the issuance of bonds; and WHEREAS, immediately after said election the Presiding Judge and other officials holding said election made their returns of the results thereof to the City Council as follows, and said returns being made according to law, and duly authenticated, and it being shown that written notice of said election was posted for the time and in the manner provided by law, and all other Canvass of Returns and Declaration of Results of Election - Page - 1 - CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS § COUNTY OF DALLAS § CITY OF COPPELL § We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City duly convened and posted a Special meeting on the 8th day of November, 1999, at the City Hall, a quorum of the City Council being present constituting a quorum of said goveming body. Whereupon, among other business, the following was read, accepted and adopted at said Meeting: a RESOLUTION CANVASSING ELECTION RETURNS 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 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 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, to the holding of 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 Interim City Secretary of said City have duly signed said Resolution; and that the Mayor and the Interim City Secretary of said City hereby declare that this Certificate shall verify and confirm the adoption of the attached Resolution. Certificate for Resolution 29293 SIGNED AND SEALED the 8th day of November, 1999. APPROVED: CAN DY SHEEHAN,MAYOR ATTEST: LIBBY BALL, INTERIM CITY SECRETARY · Certificate for Resolution 29293 proceedings pertaining to said election having been shown to have been done and performed at and within the manner provided by law, and all papers pertaining thereto having been returned and filed with the City Council and no protest or objection being made to or regarding any matter pertaining to said election. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Coppell, Texas, after examining said returns and opening and canvassing the votes of said election, that the results of said election are as follows: That the following number of votes were cast for the following propositions, to-wit: PROPOSITION NO. 1 Shall the City Council of said City be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $30,345,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed 40 years from their date, and to be sold at such prices and bear interest at such rates as shall be determined within the discretion of the City Council, for the purpose of constructing, improving and equipping permanent public improvements, to-wit: the City's streets, including but not limited to West Sandy Lake Road (Denton Tap Road to S.H. 121); East Sandy Lake Road (Kimbel Court to east city limits); Bethel Road I (Freeport Parkway to west city limits); Bethel Road II (Freeport Parkway to Denton. Tap Road); Coppell Road (West Sandy Lake Road to Bethel Road); Creekview Road (Ruby Rd./State Rd. west along south edge of Wagon Wheel Park); and Freeport Parkway (Bethel Road to I.H. 635), and shall said City Council be authorized to levy and cause to Canvass of Returns and Declaration of Results of Election - Page -2- be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? 1079 VOTES: FOR 187 VOTES AGAINST 1266 TOTAL VOTES PROPOSITION NO. 2 Shall the City Council of said City be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $8,685,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed 40 years from their date, and to be sold at such prices and bear interest at such rates as shall be determined within the discretion of the City Council, for the purpose of acquiring, constructing, equipping and improving permanent public improvements for the City's parks, including but not limited to the development of: MacArthur Park; Wagon Wheel Park; Andrew Brown Park East; new Senior Citizen Center; tennis courts; extension of North Zone Trail System; and renovation of Grapevine Springs, and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? 1027 VOTES FOR 340 VOTES AGAINST 1367 TOTAL VOTES Canvass of Returns and Declaration of Results of Election - Page -3- PROPOSITION NO. 3 Shall the City Council of said City be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $1,700,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed 40 years from their date, and to be sold at such prices and bear interest at such rates as shall be determined within the discretion of the City Council, for the purpose of acquiring, constructing and improving permanent public improvements for the City's drainage, including but not limited to Kaye Street; Meadowcreek Road; Stream G-2; Stream G-6; Sandy Knoll/Shadowcrest; The Meadows Subdivision; Cottonwood Estates; and Hunterwood park, and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? 1107 VOTES FOR 258 VOTES AGAINST 1365 TOTAL VOTES That the City Council officially finds, determines and declares the results of said election to be that the Proposition Numbers 1, 2, and 3, so submitted have received a favorable majority vote in all respects and have carried. That the aforesaid bonds may be issued, as voted and as provided by law. IT IS FURTHER ORDERED that this canvass and declaration of results of said election shall be entered in the Minutes of the City Council and that the City Secretary shall record in the office of the City Secretary, under the seal of the City, showing the approval by the qualified voters of the City of Coppell, Texas. Canvass of Returns and Declaration of Results of Election - Page -4- This Resolution, declaring the results of the election shall become effective immediately after its passage. DULY PASSED by the City Council of the City of Coppell, Texas, this the 8th day of November, 1999 APPROVED; CANDY SHEEHAN, MAYOR ATTEST: LIBBY BALL, INTERIM CITY SECETARY APPROVED AS TO FORM; ROBERT E. HAGER, CITY ATTORNEY. Canvass of Remms and Declaration of Results of Election - Page -5-