RES 2017-05 Combination tax & revenue certificates CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
TOWN OF TROPHY CLUB §
On the 11th day of April, 2017 the Town Council of the Town of Trophy Club, Texas,
convened in a regular meeting at the regular meeting place thereof, the meeting being open to the
public and notice of said meeting, giving the date, place and subject thereof, having been posted
as prescribed by Chapter 551, Texas Government Code, as amended; and the roll was called of
the duly constituted officers and members of the Town Council, which officers and members are
as follows:
Nick Sanders, Mayor Jim Parrow )
Greg Lamont, Mayor Pro Tem Garrett Reed )
Tim Kurtz ) Members of
Rhylan Rowe ) the Council
Philip Shoffner )
and all of said persons were present except 60,1 re-A* i2)eec.1 , thus
constituting a quorum. Whereupon, among other business, a written resolution bearing the
following caption was introduced:
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS, RELATING TO THE GIVING OF NOTICE OF INTENTION
TO ISSUE TOWN OF TROPHY CLUB, TEXAS COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 2017; AND
PROVIDING AN EFFECTIVE DATE.
The Resolution, a full, true and correct copy of which is attached hereto, was read and
reviewed by the Town Council.
Thereupon, it was duly moved and seconded that the Resolution be finally passed and
adopted.
The Presiding Officer put the motion to a vote of the members of the Town Council, and
the Resolution was finally passed and adopted by the following vote:
AYES: NAYS: C) ABSTENTIONS: C
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THIS CERTIFICATE IS CERTIFIED TO BE TRUE AND CORRECT, and to correctly
reflect the duly constituted officers and members of the Town Council of said Town, and the
attached and following copy of said Resolution is hereby certified to be a true and correct copy
of an official copy thereof on file among the official records of the Town, all on this the 1*1
day of Pyr k , 2017.
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�____ Town Secretaa,, Town of Trophy Club, Texas
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�aY 1
Certification for Resolution
Authorizing Notice of Intent to Issue Certificates of Obligation
TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2017-05
A RESOLUTION OF THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS, RELATING TO THE
GIVING OF NOTICE OF INTENTION TO ISSUE TOWN
OF TROPHY CLUB, TEXAS COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES
2017; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Trophy Club, Texas (the "Town"), pursuant to Chapter 271,
Subchapter C, Texas Local Government Code, as amended, is authorized to issue its certificates
of obligation for the purpose of paying contractual obligations to be incurred for the purposes set
forth below; and
WHEREAS, the Town Council of the Town has found and determined that a notice of
intention to issue certificates of obligation should be published in accordance with the
requirements of applicable law;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS, THAT:
Section 1. The findings acid determinations set forth in the preambles hereto are
hereby incorporated by reference for all purposes.
Section 2. The Town Secretary of the Town is hereby authorized and directed to
issue a notice of intention to issue certificates of obligation in substantially the form attached
hereto as Exhibit A.
Section 3. The foregoing notice shall be published once a week for two consecutive
weeks, the date of the first publication being before the thirtieth (30th) day prior to the date set
forth in the foregoing notice for passage of the ordinance authorizing the Combination Tax and
Revenue Certificates of Obligation. Such notice shall be published in a newspaper of general
circulation in the area of the Town of Trophy Club, Texas.
Section 4. That this resolution shall take effect from and after the date of its passage.
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FINALLY PASSED, APPROVED AND EFFECTIVE this 11th day of April, 2017.
C. Nick Sanders, Mayor
Town of Trophy Club, Texas
[SEAL]
ATTEST:
iHo y Fimbres, own Secretary 1 � �
Town of Tro Club, Texas ,.,
C'4aY j Nc4
APPROVED TO AS FORM:
/ /
. D vi odd, o , 'Attorney
n of Trophy Club, Texas
RES 2017-05 Page 2 of 3
EXHIBIT A
NOTICE OF INTENTION TO ISSUE TOWN OF TROPHY CLUB, TEXAS
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2017
NOTICE IS HEREBY GIVEN that on May 23, 2017, the Town Council of the Town of
Trophy Club, Texas, at 7:00 p.m. at a regular meeting of the Town Council to be held in the
Council Chambers at the Trophy Club Municipal Building, 100 Municipal Drive, Trophy Club,
Texas 76262, the regular meeting place of the Town Council, intends to pass an ordinance
authorizing the issuance of not to exceed $4,500,000 principal amount of Certificates of
Obligation (excluding premium) for the purpose of paying contractual obligations to be incurred
for the following purposes, to wit: (a) designing, developing, constructing improving, extending
and expanding parking facilities for Town public parks, including driveway improvements and
related storm drainage improvements, and including the acquisition of land therefor (b)
designing, developing, constructing, improving, extending, and expanding streets, thoroughfares,
sidewalks, bridges, and other public ways of the Town, including streetscaping, streetlighting,
right-of-way protection, utility relocation, and related storm drainage improvements; and
acquiring rights-of-way in connection therewith ((a) and (b) together, the "Project"); and
(c) paying professional services of attorneys, financial advisors and other professionals in
connection with the Project and the issuance of the Certificates. The Certificates shall be issued
in one or more series, shall bear interest at a rate not to exceed fifteen percent (15%) per annum,
and shall have a maximum maturity date of not later than twenty-five (25) years after their date.
Said Certificates shall be payable from the levy of a direct and continuing ad valorem tax against
all taxable property within the Town sufficient to pay the interest on this series of Certificates as
due and to provide for the payment of the principal thereof as the same matures, as authorized by
Chapter 271, Subchapter C, Texas Local Government Code, as amended, and from all or a part
of the surplus revenues of the Town's municipal drainage utility system, such pledge of surplus
revenues being limited to $1,000.
THIS NOTICE is given in accordance with law and as directed by the Town Council of
the Town of Trophy Club, Texas.
GIVEN THIS April 11, 2017
/s/Holly Fimbres, Town Secretary
Town of Trophy Club, Texas
RES 2017-05 Page 3 of 3
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