Loading...
RE 2018-0612.5 Arts Center CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF COPPELL We, the undersigned officers of the City of Coppell, Texas (the "City"), hereby certify as follows: 1. The City Council of the City (the "Council") convened in a regular meeting on June 12, 2018, at the designated meeting place, and the roll was called of the duly constituted officers and members of said Council, to wit: Karen Hunt, Mayor Wes Mays Nancy Yingling, Mayor Pro Tem Gary Roden Cliff Long Marvin Franklin Brianna Hinojosa-Flores Mark Hill Christel Pettinos, City Secretary and all of said persons were present except _Brianna Hinojosa-Flores_____________________, 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 CERTIFICATES OF OBLIGATION FOR A PERFORMING ARTS CENTER PROJECT; AND RESOLVING OTHER MATTERS RELATING TO THE SUBJECT was duly introduced for the consideration of the 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 with all members present voting "AYE" except the following: NAY: ABSTAIN: 2. 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 the Council's minutes of said meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the 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 the Council as indicated therein; that each of the officers and members of the 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 551, Texas Government Code. 3. The Council has approved and hereby approves the aforesaid Resolution; and the Mayor and the City Secretary of the 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 THIS JUNE 12, 2018. - / if, ( 1 . .i/ 1 tt4 0 / / Christel Pettinos, ity Secretary Ka -n Selbo Hunt, May.r City of Coppell City of Coppell (City Seal) RESOLUTION NO. 2018-0612.5 RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION FOR A PERFORMING ARTS CENTER PROJECT; AND RESOLVING OTHER MATTERS RELATING TO THE SUBJECT THE STATE OF TEXAS COUNTIES OF DALLAS AND DENTON CITY OF COPPELL WHEREAS, the City Council of the City of Coppell, Texas (the "City"), deems it advisable to give notice of intention to issue certificates of obligation of the City (the "Certificates of Obligation") for a performing arts center project, as hereinafter provided; and WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was considered 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, as amended; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: Section 1. Attached hereto and marked as Exhibit A is the form of the notice (the "Notice"), the form and substance of which are hereby passed and approved. Section 2. The City Secretary shall cause the Notice to be published in substantially the form attached hereto, in a newspaper of general circulation in the City, and published in the City, once a week for two consecutive weeks, with the date of the first publication thereof to be no st later than the 31 day prior to the date set for the adoption of the ordinance or ordinances authorizing the issuance of such Certificates of Obligation as shown in the Notice. Section 3. This Resolution shall be effective immediately upon adoption. ------------------------------ Exhibit A NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION OF THE CITY OF COPPELL, TEXAS (PERFORMING ARTS CENTER PROJECT) NOTICE IS HEREBY GIVEN that the City Council of the City of Coppell, Texas (the "City"), at its meeting to commence at 7:30 p.m., on July 24, 2018, at City Hall, 255 Parkway Boulevard, Coppell, Texas, tentatively proposes to adopt one or more ordinances authorizing the issuance of interest bearing certificates of obligation, in one or more series, in an amount not to exceed $16,000,000 for paying all or a portion of the City's contractual obligations incurred in connection with: (i) the construction, acquisition and equipment of a performing arts center, (ii) the construction, acquisition and equipment of related parking facilities, related roads, streets and water and sewer facilities and other related improvements that enhance any of the items listed above, and (iii) 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 a limited pledge of the surplus revenues of the City's waterworks and sewer system (the "System") that remain after payment of all operation and maintenance expenses thereof, and after all debt service, reserve and other requirements in connection with all revenue bonds or other obligations (now or hereafter outstanding) of the City have been met, to the extent that such obligations are payable from all or any part of the net revenues of the System. The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter 271. CITY OF COPPELL, TEXAS DULY PASSED by the City Council of the City of Coppell, Texas,this the a day of jltrf<✓ 2 APP' •VED• .J ti � ,1 KA' N SE BO HUNT, AYOR ATTEST: / 1 V Allr,/ friV" HRISTEL PET --I'•S,CITY SEC'1 TARY APPR•r ED S T• FO' ► : RO ERT E. HAG ',,Zi Y ATTORNEY