HomeMy WebLinkAboutRes 2012-10-01 Publication Notice Intent to issue CO.pdfG'i tj p � Aaqv�► I -T,e&c& s
RESOLUTION NO. a O I a- I O —OI
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION FOR WATERWORKS AND SEWER SYSTEM
IMPROVEMENTS; 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:
1. 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.
5. This Resolution shall become effective immediately upon adoption.
APPROVED AND ADOPTED this October 9, 2012
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RESOLUTION NO. 2012-10-01
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 November 27, 2012, at its regular meeting place in the City Hall Administration
Building, 111 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
$4,500,000 for paying all or a portion of the City's contractual obligations incurred in connection with (i)
acquiring, constructing, installing and equipping additions, extensions and improvements to the City's
waterworks and sewer system; and (ii) 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 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
CERTIFICATE 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 9, 2012, at the City Hall,
and the roll was called of the duly constituted officers and members of said City Council, to -wit:
Mike Crist, Mayor
John Geren, Mayor Pro Tem
Becky Glover, Deputy Mayor Pro Tem
James T. Cook, Councilmember
John Hopewell, Councilmember
Nathan Bryan, Councilmember
Vacancy
and all ofsaid persons were present, except 5o hv% P-iR rtN dL%AA' A te�J D J l , 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 FOR
WATERWORKS AND SEWER SYSTEM IMPROVEMENTS; AND RESOLVING
OTHER MATTERS RELATING TO THE SUBJECT
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: _q_ NOES:
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 this October 9, 2012.
Ci Secretary
CIY SEAL]
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CERTIFICATE FOR RESOLUTION NO. 2C)
CITY OF ANNA, TEXAS