HomeMy WebLinkAboutRes 2018-02-406 Certificates of Obligation for City Facilities and Street ProjectsRESOLUTION 2018-02-406
CERTIFICATE FOR RESOLUTION
We, the undersigned officers of the City of Anna, Texas, hereby certify as follows:
1. The City Council of said City convened in Regular Session on the 13' day of February,
2018, at the scheduled meeting place thereof, and the roll was called of the duly constituted officers and
members of said City Council, to -wit:
Nate Pike, Mayor
Justin Burr, Mayor Pro Tem
Lee Miller, Council Member
Rene Martinez, Council Member
John Beazley, Council Member
Chris Reeves, Council Member
Nathan Bryan, Council Member
Bill Shipp, Interim City Manager
Carrie L. Smith, City Secretary
and all of said persons were present, except NIA-- 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 COMBINATION
TAX AND REVENUE CERTIFICATES OF OBLIGATION; AND RESOLVING OTHER
MATTERS RELATING TO THE SUBJECT
was duly introduced for consideration and passage. 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: 7 NOES: 0 ABSTENTIONS:
2. 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; said Resolution has been duly
recorded in the official minutes of said City Council; the above and foregoing paragraph is a true and correct
excerpt from said minutes of said meeting pertaining to the passage of said Resolution; the persons named
in the above and foregoing paragraph, at the time of said meeting and the passage of said Resolution, were
the duly chosen, qualified and acting members of said City Council as indicated therein; each of said officers
and member 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 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 13TH DAY OF FEBRUARY, 2018.
ATTEST:
62LIZ'2)d;z� �t )
Carrie L. Smith, City Secretary
Nate Pike, Mayor
OF.q e
* * ' (SEAL)
CERTIFICATE FOR RESOLUTION DIRECTING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF
OBLIGATION; AND RESOLVING OTHER MATTERS RELATING TO THE SUBJECT
RESOLUTION NO.2018-02-13
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION; AND RESOLVING OTHER MATTERS RELATING TO
THE SUBJECT
THE STATE OF TEXAS
COUNTY OF COLLIN
CITY OF ANNA
WHEREAS, this City Council deems it advisable to give notice of intention to issue certificates of
obligation of the City of Anna Texas (the "City"), as hereinafter provided;
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 on Exhibit A hereto (the "Projects")
prior to the issuance of tax-exempt 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;
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; 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.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS:
Attached hereto is a form of the Notice of Intention to issue Combination Tax and Revenue
Certificates of Obligation, the form and substance of which is hereby adopted and approved.
2. The City Secretary shall cause said notice to be published in substantially the form attached
hereto, in a newspaper, as defined by Subchapter C, Chapter 2051, Texas Government Code, of general
circulation in the area of said City, once a week for two consecutive weeks, the date of the first publication
thereof to be at least 30 days prior to the date tentatively set for the adoption of the ordinance authorizing
the issuance of such Obligations as shown in said notice.
3. All costs to be reimbursed pursuant hereto will be capital expenditures. No Obligations will
be issued by the City in furtherance of this Statement 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.
4. The foregoing notwithstanding, no Obligation will be issued pursuant to this statement more
than three years after the date any expenditure which is to be reimbursed is paid.
This Resolution shall become effective immediately upon adoption.
APPROVED AND ADOPTED this February 13, 2018
ATTEST:
� r
Vj
Carrie Smith, City Secretary
OF
[CITY SEAL] ,t
,xNS
Nate Pike, Mayor
RESOLUTION NO.2018-02-13
CITY OF ANNA, TEXAS
CITY OF ANNA, TEXAS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of Anna, Texas, at its meeting to
commence at 7:30 P.M. on April 10, 2018 at its regular meeting place in the City Hall Administration
Building, I I I North Powell Parkway, Anna, Texas, tentatively proposes to adopt an ordinance authorizing
the issuance of interest bearing certificates of obligation, in one or more series, in an amount not to exceed
$32,000,000 for paying all or a portion of the City's contractual obligations incurred in connection with (i)
acquiring, constructing and equipping of a new Municipal Complex which will consist of a new City Hall
(including municipal offices, city council chambers, municipal court facilities, and police station) and fire
station (including temporary facilities pending such construction), including the acquisition of land and
interests in land as necessary therefor; (ii) constructing, reconstructing and improving streets, roads,
sidewalks and alleys, including bridges and intersections, street overlay, landscaping, lighting, signalization,
traffic safety and operational improvements, culverts and related storm drainage and utility relocation, and
the acquisition of land and interests in land as necessary therefor; and (iii) paying legal, fiscal, architectural
and engineering fees in connection with these projects, with any surplus proceeds to be used for (iv)
information technology equipment, software and related infrastructure, implementation and planning needs;
and (v) acquiring and equipping vehicles for the fire department. 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 pledge of surplus revenues of the City's waterworks and sewer system, remaining
after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other
requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter
outstanding), which are payable from all or any part of the net revenues of the City's waterworks and sewer
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 ANNA, TEXAS