RE 2017-0228.3RESOLUTION NO. 2017- Qaak, -j
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 in Exhibit A hereto (the
"Projects") prior to the issuance of tax-exempt obligations or other 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, or have debt incurred on its behalf, in one
or more series of Obligations with an aggregate maximum principal amount not to exceed $12,500,000,
for the purpose of paying the costs of the Projects.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax-
exempt Obligations will be issued by the Issuer in furtherance of this resolution 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 tax-exempt Obligation will be issued pursuant to
this Statement more than three years after the date any expenditure which is to be reimbursed is paid.
2017.
Section 4. This Resolution shall be effective immediately upon adoption.
DULY PASSED by the City Council of the City of Coppell, Texas, this the 281h day of February,
ATTEST:
RISTEL PETT OS, CITY SEC ARY
Exhibit A
(i) constructing, installing and equipping improvements, additions and extensions to the City's water and
sewer system and (ii) constructing, improving and equipping municipal exhibition and museum facilities,
including a new Arts Center