RES 2013-12TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2013-12
A RESOLUTION RELATING TO THE GIVING OF NOTICE
OF INTENTION TO ISSUE TOWN OF TROPHY CLUB,
TEXAS COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 2013;
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 CITY COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS, THAT:
Section 1. The findings and 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.
FINALLY PASSED, APPROVED AND EFFECTIVE this 24th day of June, 2013.
C6nnie White, Mayor
Town of Trophy Club, Texas
ATTEST: APPROVED AS TO FORM:
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Patricia A.Ada1'llS,OWIlAttOmey
Town of Trophy Club, Texas
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EXHIBIT A
NOTICE OF INTENTION TO ISSUE TOWN OF TROPHY CLUB, TEXAS
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2013
NOTICE IS HEREBY GIVEN that on August 5,2013, the Town Council of the Town of
Trophy Club, Texas, at 6:00 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 $3,000,000 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 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,
(b) designing, acquiring, improving, constructing, and renovating Town drainage and stormwater
infrastructure and facilities, ((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 forty (40) 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 June 24, 2013
lsi Amy Piukana, Town Secretary
Town of Trophy Club, Texas