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RE 2014-1111.1 CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS§ COUNTIES OF DALLAS AND DENTON § CITY OF COPPELL§ I, the undersigned officer of said City, hereby certify as follows: 1. The City Council of said City convened in Regular Meeting on November 11, 2014, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Karen Selbo Hunt, Mayor Marvin Franklin, Mayor Pro Tem Cliff Long, Councilmember Bob Mahalik, Councilmember Wes Mays, Councilmember Gary Roden, Councilmember Nancy Yingling, Council member Mark Hill, Councilmember and all of said persons were present, thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written Resolution entitled RESOLUTION APPROVING THECOPPELL RECREATION AND DEVELOPMENT CORPORATION'SRESOLUTION WHICH AUTHORIZED THE ISSUANCE OF THE CORPORATION'S SALES TAX REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES 2014; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND AUTHORIZING THE MAYOR TO SIGN was duly introduced forthe 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: 7 NOES: 0 ABSTENTIONS: 0 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 fromsaidCity Council's minutes ofsaidMeeting pertaining to the passage of said Resolution; that the personsnamed in theabove and foregoingparagraph 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. RESOLUTION NO. 2014-111.1 RESOLUTION APPROVING THE COPPELL RECREATION AND DEVELOPMENT CORPORATION'S RESOLUTION WHICH AUTHORIZED THE ISSUANCE OF THE CORPORATION'S SALES TAX REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES 2014; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT WHEREAS, Coppell Recreation and Development Corporation (the "Corporation") is a non-profit industrial development corporation created, existing and governed by the Development Corporation Act, Chapters 501, 502 and 505, Texas Local Government Code, formerly Section 4A of Article 5190.6, Tex. Rev. Civ. Stat. Ann., as amended (the "Act"); WHEREAS, pursuant to the Act, the City of Coppell, Texas (the "City") held an election November 5, 2013 (the "Election"), to reauthorize and extend the one-half of one percent sales and use tax collected for the benefit of the Corporation (the "Sales Tax"), to be used exclusively for the purposes set forth in the Act, including specifically the projects described below; WHEREAS, there has been previously presented to this City Council the plans for the acquisition and construction of the projects and the financing thereof; WHEREAS, there has been presented to this City Council a resolution (the "Bond Resolution") adopted by the Board of Directors of the Corporation authorizing the issuance and sale of the Corporation's Sales Tax Revenue Refunding and Improvement Bonds, Series 2014 for the purpose of refunding the Corporation's outstanding Sales Tax Revenue Bonds, Series 1999, in order to reduce debt service payments made by the Corporation and to fund certain public improvements as described below; WHEREAS, there has been previously approved by this City Council a Sales Tax Remittance Agreement pursuant to which sales taxes collected by the City for the benefit of the Corporation pursuant to the Act shall be transferred and deposited into a fund for the use by the Corporation in the furtherance of its authorized powers and purposes; WHEREAS, this City Council finds and determines that it is necessary and appropriate to approve the Bond Resolution for the purposes hereinabove provided; Now, Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: Section 1. The recitals set forth in the preamble hereof are incorporated herein and shall have the same force and effect as if set forth in this Section. The Bond Resolution, attached hereto as Exhibit A, is hereby approved and the issuance by the Corporation of sales tax revenue refunding and improvement bonds in the principal amount of $31,730,000 (the "Bonds"), for the purposes of (i) refunding the Corporation's outstanding Sales Tax Revenue Bonds, Series 1999, (ii) constructing and equipping Life Safety Park, including park/pavillion area, museum and exhibit space, community room and meeting space, with related parking and landscaping; constructing, acquiring, improving and equipping public parks and park facilities, including improvements to the Andrew Brown park system, open space improvements including landscaping, streetscaping and beautification, entertainment facilities, sports and athletic facilities and hike and bike trails, and other purposes permitted by law, including the purchase of a surety bond to fund the reserve fund for the Bonds and (iii) paying the costs incurred in connection with the issuance of the Bonds, is hereby approved; and said Bond Resolution, the Bonds and the expenditure of funds of the Corporation in connection therewith are hereby approved. Section 2. The Sales Tax Remittance Agreement, dated as of January 26, 1999, between the City and the Corporation, is hereby ratified and confirmed, and shall be applicable to the Bonds. Section 3. This Resolution shall be effective immediately upon adoption. (execution page follows) Exhibit A Corporation Bond Resolution (included elsewhere in this transcript)