HomeMy WebLinkAboutRes 2017-10-372 GTUA BondsCERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS
COUNTY OF COLLIN
CITY OF ANNA
I, the undersigned officer of said City, hereby certify as follows:
1. The City Council of said City convened in Regular Meeting on October 10, 2017, at the City
Hall, and the roll was called of the duly constituted officers and members of said City Council, to -wit:
Justin Burr, Mayor Pro Tem
Lee Miller, Deputy Mayor Pro Tem
Rene Martinez, Councilmember
John Beazley, Councilmember
Nathan Bryan, Councilmember
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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
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS,
REQUESTING GREATER TEXOMA UTILITY AUTHORITY TO TAKE ACTION
TO PROVIDE FOR REFINANCING AND DISCHARGE OF CERTAIN CONTRACT
REVENUE BONDS
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: .61 NOES: 0
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 foregoing 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.
SIGNED AND SEALED this01-�Atj
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Carrie Smith, City Secretary
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CITY OF ANNA, TEXAS
RESOLUTION NO. 2017-Q-1oZ.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS,
REQUESTING GREATER TEXOMA UTILITY AUTHORITY TO TAKE ACTION TO
PROVIDE FOR REFINANCING AND DISCHARGE OF CERTAIN CONTRACT
REVENUE BONDS
WHEREAS, the City of Anna, Texas (the "City") and Greater Texoma Utility Authority ("GTUA")
entered into that certain Amended and Restated Contract for Water Supply and Sewer Service, dated as of
April 17, 2006 (the "Contract");
WHEREAS, pursuant to the Contract, GTUA agreed to issue bonds ("GTUA Bonds") secured by
payments from the City under the Contract to provide an additional supply of water and certain water supply
facilities and to provide certain sanitary sewer collection and treatment facilities (the "Projects") for use by
the City;
WHEREAS, this City Council hereby finds and determines that it is necessary and in the best
interest of the City to provide for the discharge of certain of the GTUA Bonds and thereby restructure the
City's payments for the costs of the Projects;
WHEREAS, the City intends to issue its City of Anna, Texas, Combination Tax and Revenue
Refunding Bonds, Series 2017 (the "Series 2017 Bonds") in order to provide funds for the discharge and
final payment of such GTUA Bonds; 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.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA,
TEXAS:
Section 1. The recitals set forth in the preamble hereof are incorporated herein and shall have the
same force and effect as if set forth in this Section.
Section 2. The City hereby requests GTUA to take all necessary action to provide for the payment
and discharge of the GTUA Bonds described in Exhibit A attached hereto, including calling such GTUA
Bonds for redemption and providing for the giving of notice of redemption, upon provision being made by
the City for the deposit and payment of all amounts necessary for such payment and discharge, and
conditioned upon the successful sale and delivery by the City of the Series 2017 Bonds.
Section 3. The officers and employees of the City are hereby authorized and directed to take such
actions and to execute and deliver such documents as necessary or appropriate to consummate the
transaction authorized by this resolution, including such notices as may be necessary to be provided to
GTUA and to provide such information and notices necessary for GTUA to take the actions for the
discharge and redemption of the GTUA Bonds.
Section 4. This Resolution shall be effective immediately upon adoption.
PASSED, APPROVED AND EFFECTIVE this October 10, 2017.
CJ
Carrie Smith, City Secretary
J Burr, Mayor Pro Tem
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GTUA Bonds to be Refinanced
1. Greater Texoma Utility Authority Contract Revenue Refunding Bonds, Series 2005 (City of Anna
Project), dated as of December 15, 2005
2. Greater Texoma Utility Authority Contract Revenue Bonds, Series 2007-A (City of Anna Project),
dated as of February 15, 2007
3. Greater Texoma Utility Authority Contract Revenue Bonds, Series 2007-B (City of Anna Project),
dated as of August 15, 2007
4. Greater Texoma Utility Authority Contract Revenue Bonds, Series 2007-C (City of Anna Project),
dated as of August 15, 2007
Greater Texoma Utility Authority Contract Revenue Bonds, Series 2008 (City of Anna Project),
dated as of June 1, 2008