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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