HomeMy Public PortalAboutResolution No. 445-15 02-03-2015CERTIFICATE 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 3RD DAY
OF FEBRUARY, 2015, at the regular 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
Allison Barrette, Councilmember
Robert De Soto, Councilmember
Beverly Williams, Councilmember
Cathy Bourg, City Secretary
and all of the ersons were resent exce t the followin absentees: ~ `"v ~~~
p p p g ;__, 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: C~
ABSTENTIONS: O
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 the
Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above and
foregoing paragraph 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
paragraph are the duly chosen, qualified and acting officers and members of the City Council as
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 3rd day of February, 2015.
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City Secreta
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Mayor
RESOLUTION N0.4~~-15
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE COMBINATION TAX AND WATER AND 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 declare 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 marked "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 Star-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.
ADOPTED, APPROVED AND EFFECTIVE this February 3, 2015.
Mayor, City of Ric d Hills, Texas
ATTEST:
City Secretary ity of Richla ills, Texas
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EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of
Richland Hills, Texas, to issue one or more series of the interest bearing certificates of obligation of
the City to be entitled "City of Richland Hills, Texas Combination Tax and Water and Sewer System
Revenue Certificates of Obligation", for the purpose of paying contractual obligations to be incurred
by the City, to-wit, the construction of drainage improvements throughout the City; and the payment
of fiscal, engineering and legal fees incurred in connection therewith.
The City Council tentatively proposes to authorize the issuance of said series (one or more)
of Certificates of Obligation at its regular meeting place in the City Hall at a meeting to commence at
7 o'clock, p.m., on the 17th day of March, 2015. The maximum amount of Certificates of Obligation
indebtedness that may be authorized to be sold on said date for such purposes described above is
$1,100,000. The City Council presently proposes to provide for payment of said series (one or more)
of Certificates of Obligation from the levy of taxes and from a limited surplus revenue pledge (not to
exceed $1,000) derived from the operation of the City's waterworks and sewer system.
CITY OF RICHLAND HILLS, TEXAS
/s/Bill Agan
Mayor