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RE 2012-0814.2CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF C OPPELL I, the undersigned City Secretary of said City, hereby certify as follows: 1. The City Council of said City convened in regular meeting on I , 2012, at the designated meeting place, and the roll was called of the du1 constituted officers and members of said City Council, to wit: Daren Hunt, Mayor Tim Brancheau, Mayor Pro Tem Bob Mahalik, Councilmember Wes Mays, Councilmember Crary Roden, Councilmember Billy Faught, Councilmember - - Marvin Franklin, Councilmember Aaron Duncan, Councilmember and all of said persons were present, except thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written resolution entitled RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF PROJECTS was duly introduced for the consideration of said City Council. It was then duly moved and seconded that said Resolution be adopted and, after due discussion, said motion, carrying with it the adoption of said Resolution, prevailed and carried by the following vote: AYES: -7 NOES: Q ABSTAIN: 2. That a true, full and correct copy of the aforesaid Resolution adopted 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 adoption 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 adoption 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 55 1, Texas government Code. SIGNED AND SEALED this City Secretary City of Coppell, Texas (CITY SEAL) RESOLUTION NO. I _"L4 RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS OF PROJECTS WHEREAS, the City of Coppell, Texas (the "Issuer") is a home -rule municipality and political subdivision of the State of Texas; WHEREAS, the Issuer expects to pay, or have paid on its behalf, expenditures in connection with the design, planning, acquisition and construction of the projects described on Exhibit A hereto (the "Projects") prior to the issuance of tax-exempt obligations, tax -credit obligations and/or obligations for which a prior expression of intent to finance or refinance is required by Federal or state law (collectively and individually, the "Obligations") to finance the Projects; WHEREAS, the Issuer finds, considers, and declares that the reimbursement for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the Issuer and, as such, chooses to declare its intention to reimburse itself for such payments at such time as it issues Obligations to finance the Projects; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: Section 1. The Issuer reasonably expects to incur debt, as one or more series of obligations, with an aggregate maximum principal amount equal to $4,000,000 for the purpose of paying the costs of the Projects. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No Obligations will be issued by the Issuer in furtherance of this Statement after a date which is later than 18 months 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 3. The foregoing notwithstanding, no obligation will be issued pursuant to this Statement more than three years after the date any expenditure which is to be reimbursed is paid. Section 4. The foregoing Sections 2 and 3 notwithstanding, all costs to be reimbursed with qualified tax credit obligations shall not be paid prior to the date hereof and no tax credit obligations shall be issued after 18 months of the date the original expenditure is made. Section 5. This Resolution shall be effective immediately upon adoption. DULY PASSED by the City Council of the City of Coppell, Texas, this the day of -t )2012. APPRO4D : [CITY SEAL] u a-440-TeLtu MAYOR F,1� ATTEST: r CHRISTEL PETTINOS, CITY SEC ARY I Exhibit A Acquiring approximately 1.4 acres of land and a building located at 255 Parkway Boulevard, adjacent to and east of the Town Center, and constructing, installing and equipping renovations and improvements to the building to provide City offices, including related parking, landscaping and utility relocation, and constructing, installing and equipping renovations and improvements to the Town Center building.