RE 2000-12-12.6 RESOLUTION NO. 20001212.6
EXPRESSING OFFICIAL INTENT TO REIMBURSE
COSTS OF MUNICIPAL ACQUISITIONS
THE STATE OF TEXAS §
COUNTIES OF DALLAS AND DENTON §
CITY OF COPPELL §
WHEREAS, the City of Coppell, Texas (the "Issuer") is a municipality of the State of Texas;
and
WHEREAS, the Issuer expects to pay expenditures in connection with the purpose of
acquisition of 36.339 acres for municipal uses located across the street f~m the Wagon Wheel Park
at the intersection of Ruby and State Streets (the "Project") prior to the issuance of obligations to
finance the Project; and
WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer
for the payment of such expendi~ will be appropriate and consistent with the lawful objectives
of the lssuer and, as such, chooses to declare its intention, in accordance with the provisions of
Section 1.150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as
it issues obligations to finance the Project.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COPPELL, THAT:
Sec~on l. The Issuer reasonably expects to incur debt, as one or more series of
obligations, with an aggregate maximum principal amount not to exceed $3,000,000 for the purpose
of paying the costs of the Project.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No
tax-exempt obligations will be issued by the [ssuer in furth~ance 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
pursuit to this Resolution more than three years after the date any expenditure which is to be
reimbursed is paid.
APPROVED THIS THE 12TH DAY OF DECEMBER, 2000 .
Libby Ball Candy Sheehan
City Secretary Mayor
APPR~~ AS '~
/
City Attorney
CERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS §
COUNTIES OF DALLAS AND DENTON §
CITY OF COPPELL §
We, the undersigned officers of said City, hereby certify as follows:
1. The City Council of said City convened in REGULAR MEETING ON THE 12TH DAY
OF DECEMBER, 2000, at the William T. Cozby Library, and the roll was called of the duly
constituted officers and members of said City Council, to-wit:
Candy Sheehan, Mayor
Larry Wheeler, Mayor Pro Tem
Greg Garcia
Marsha Tunnell
Doug Stover
Jayne P. Peters
Diana Raines
Bill York
Libby Ball, City Secretary
and all of said persons were present, except the following absentees: GREG GARCIA thus
constituting a quorum. Whereupon, among other business, the following was transacted at said
Meeting: a written
RESOLUTION EXPRESSING
OFFICIAL INTENT TO REIMBURSE
COSTS OF MUNICIPAL ACQUISITIONS
was duly introduced for the 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: All members of said City Council shown present above voted "Aye".
NOES: None
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 from said City Council's minutes of said
Meeting pertaining to the passage of said Resolution; that the persons named in the above and fore-
going paragraph 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.
3. That the Mayor of said City has approved and hereby approves the aforesaid Resolution;
that the Mayor and the City Secretary of said City have duly signed said Resolution; and that the
Mayor and the City Secretary of said 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 the 12th day of December, 2000.
City Secretary
SEAL