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RE 2024-0514.1 Certificates of obligationCERTIFICATE FOR RESOLUTION Ll. \'\ \ 0 t: -i-01.. \ -05 \• 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 May 14 , 2024 , at the designated meeting place , and the roll was called of the duly constituted officers and members of the Council , to wit: Wes Mays , Mayor Jim Walker, Councilmember Brianna Hinojosa-Smith, Councilmember Don Carroll , Councilmember Kevin Nevels , Councilmember Ramesh Premkumar, Councilmember Biju Mathew, Councilmember Mark Hill , Councilmember Ashley Owens , City Secretary 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 DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION; 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 "A YE" 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. RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION; 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"), as hereinafter provided ; and WHEREAS , it is hereby officially found and determined that the meeting at which this Resolution was passed 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; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: Sectio n 1. Attached hereto and marked Exhibit A is the form of Notice of Intention to Issue Certificates of Obligation of the City (the "Notice"), the form and substance of which are hereby passed and approved. Section 2. The City Secretary shall cause the Notice, in substantiall y the form attached hereto , to be published in a newspaper of general circulation in the City and published in the City , once a week for two consecutive weeks , the date of the first publication thereof to be before the forty-fifth (45 th) day before the date tentatively set for the passage of the ordinance or ordinances authoriz in g the issuance of the Certificates of Obligation (the "Ordinance"). Section 3. The City Secretary shall cause the Notice, in substantiall y the form attached hereto , to be posted continuously on the City's Internet website for at least forty-five ( 45) days before the date tentatively set for the passage of the Ordinance. The City Secretary's act in causing the fir st publication of the Notice is hereby ratified by the Council , and is deemed to have been performed with full permission and direction from the Council. Section 4. This Resolution shall be effective immediately upon adoption. Exhibit A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF COPPELL, TEXAS 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 9, 2024, in the City Council Chamber at City Hall, 255 E. 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 $53,500,000, for the purpose of paying all or a portion of the City's contractual obligations incurred in connection with (i) constructing and improving streets and roads, including related design , drainage , signalization, landscaping , sidewalks, lighting, utility relocation and replacement, bridge_s, signage and streetscape improvements ; (ii) constructing, improving and equipping public safety facilities for the fire department, including the design , construction, renovation and equipment of a new fire station; (iii) designing , constructing, improving and equipping administrative office buildings for the City's public works and community experiences departments; (iv) acquiring, designing , constructing, installing and equipping additions, improvements , extensions and equipment for the City's waterworks and sewer system (the "System"); and (v) 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 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 ofV.T.C.A., Local Government Code, Subchapter C of Chapter 271. The following information is provided to comply with Tex. H.B. 477 , 86 Leg., R.S. (2019). The current principal of all outstanding debt obligations of the City is $94,770 ,000. The current combined principal and interest required to pay all outstanding debt obligations of the City on time and in full is $116,865,332. The max imum principal amount of the certificates to be authorized is $53,500,000 and the estimated combined principal and interest required to pay the certificates to be authorized on time and in full is $82 ,725,000. The max imum interest rate for the certificates may not exceed the maximum legal interest rate. The maximum maturity date of the certificates to be authorized is February 1, 2044. The above information does not exclude any outstanding debt obligations the City has designated as self-supporting and which the City reasonably expects to pay from revenue sources other than ad valorem taxes. CITY OF COPPELL, TEXAS 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 MAY 14 , 2024. /4 )~ M~~ City of Coppell , Texas (City Seal)