RE 2022-0412.1 Intent to Reimburse RESOLUTION EXPRESSING OFFICIAL INTENT •
TO REIMBURSE COSTS OF PROJECTS
WHEREAS, the City of Coppell, Texas (the "City") is a home-rule municipality and
political subdivision of the State of Texas (the"State"); and
WHEREAS, the City 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, 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; and
WHEREAS, the City finds, considers and declares that the reimbursement for the
payment of such expenditures will be appropriate and consistent with the lawful objectives of the
City 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 City 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
$38,350,000, 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 City 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 Projects, with respect to which such expenditures were made, are placed into
service.
Section 3. The foregoing notwithstanding, no tax-exempt Obligations will be issued
pursuant to this Resolution more than three years after the date any expenditure which is to be
reimbursed is paid.
Section 4. This Resolution shall be effective immediately upon adoption.
DULY PASSED by the City Council of the City of Coppell, Texas, this the 12th day of
April,2022.
APPROVED:
es Mays,Mayor
AT 1'EST:
Ashley Owens, ty Secretary
Exhibit A
(i) constructing and improving streets and roads, including related drainage, signalization,
landscaping, sidewalks, lighting, utility relocation and replacement, bridges, signage and
streetscape improvements; (ii) acquiring, constructing, installing and equipping additions,
improvements, extensions and equipment for the City's waterworks and sewer system;
(iii) constructing, improving and equipping public safety facilities for the fire department,
including the design, construction, renovation and equipment of a new fire station; and
(iv) constructing, improving and equipping facilities for the City's public works department.