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HomeMy Public PortalAboutResolution No. 414-13 05-07-2013 RESOLUTION NO. 414 _13 RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND WATERAND SEWER SYSTEM REVENUE CERTIFICATES OF OBLIGATION WHEREAS, the City of Richland Hills, Texas (the "City") expects to pay expenditures in connection with the design, planning, acquisition and construction of the projects described in "Exhibit A" to this Resolution prior to the issuance of the Certificates of Obligation hereinafter described; and WHEREAS, the City Council hereby finds, considers and declares that the reimbursement of the payment by the City of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declaze its intention, in accordance with the provisions of Section 1.150-2 of the U.S. Treasury Regulations, to reimburse itself for such payments at such time as it issues the hereinafter described Certificates of Obligation; 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. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS, TEXAS: Section 1. That attached hereto and mazked "Exhibit A" is a form of notice, the form and substance of which are hereby passed and approved. Section 2. That the City Secretary shall cause said notice to be published, in substantially the form attached hereto, in the Fort Worth Staz-Telegram, a newspaper of general circulation in the City, for two consecutive weeks, the date of the first publication to be before the thirtieth (30th) day before the day tentatively proposed for authorizing the issuance of the Certificates of Obligation as shown in said notice. Section 3. That the facilities and improvements to be financed with proceeds from the proposed Certificates of Obligation are to be used for the purposes described in the attached Notice of Intention. Section 4. That all costs to be reimbursed pursuant to this Resolution will be capital expenditures; the proposed Certificates of Obligation shall be issued within 18 months of the later of (i) the date the expenditures are paid or (ii) the date on which the property, with respect to which such expenditures were made, is placed in service; and the foregoing notwithstanding, the Certificates of Obligation will not be issued pursuant to this Resolution on a date that is more than three years after the date any expenditure which is to be reimbursed is paid. Section 5. That this Resolution shall be effective immediately upon passage and adoption. indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that the Resolution would be introduced and considered for passage at the Meeting, and each of the officers and members consented, in advance, to the holding of the Meeting for such purpose; that the Meeting was open to the public and public notice of the time, place and purpose of the Meeting as given, all as required by Chapter 551, 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 7th day of May, 2013. ity Secretary \ Mayor (SEAL) \~~~\\`\\~~,~,~Nply~%,,, ,. ~c, ... << ~,~, ,, ~y ~' ~= ,V ( y= /,,,~/////f 1111.111111\\\\\``` CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS § COUNTY OF TARRANT § CITY OF RICHLAND HILLS § We, the undersigned officers of the City Council of the City, hereby certify as follows: 1. The City Council of the City convened in a REGULAR MEETING ON THE 7TH DAY OF MAY, 2013, at the regulaz designated meeting place, and the roll was called of the duly constituted officers and members of the City Council, to wit: Bill Agan, Mayor Edward Lopez, Mayor Pro Tem Roland Goveas, Councilmember Toya Norton, Councilmember Robert De Soto, Councilmember Beverly Williams, Councilmember Linda Cantu, City Secretary and all of the persons were present, except the following absentees: Toya Norton thus constituting a quorum. Whereupon, among other business, the following was transacted at the Meeting: a written RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND WATERWORKS AND SEWER SYSTEM REVENUE CERTIFICATES OF OBLIGATION was duly introduced for the consideration of the City Council. It was then duly moved and seconded that the Resolution be passed; and, after due discussion, the motion, carrying with it the passage of the Resolution, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye", except as noted below: NOES: ~ ABSTENTIONS: ~ 2. That a true, full and correct copy of the aforesaid Resolution passed at the Meeting described in the above and foregoing pazagraph is attached to and follows this Certificate; that the Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above and foregoing pazagraph is a true, full and correct excerpt from the City Council's minutes of the Meeting pertaining to the passage of the Resolution; that the persons named in the above and foregoing pazagraph aze the duly chosen, qualified and acting officers and members of the City Council as