RES 2013-14RESOLUTION 2013-14
REIMBURSEMENT RESOLUTION EXPRESSING INTENT TO
FINANCE EXPENDITURES TO BE INCURRED
WHEREAS, the Town of Trophy Club, Texas (the "Town") is a political subdivision of
the State of Texas authorized to finance its activities by issuing obligations; and
WHEREAS, the Town will make, or has made not more than 60 days prior to the date
hereof, payments with respect to the design, acquisition, construction, reconstruction, expansion
or renovation of the projects listed on Exhibit A attached hereto (the "Financed Project"); and
WHEREAS, the Town has concluded that it does not currently desire to issue obligations
to finance the costs associated with the Financed Project; and
WHEREAS, the Town desires to reimburse itself for the costs associated with the
Financed Project from the proceeds of obligations to be issued subsequent to the date hereof; and
WHEREAS, the Town reasonably expects to issue obligations to reimburse itself for the
costs associated with the Financed Project
NOW, THEREFORE, be it resolved that:
Section 1. The Town reasonably expects to reimburse itself for costs that have been or
will be paid subsequent to the date that is 60 days prior to the date hereof and that are to be paid
in connection with the acquisition, construction, reconstruction or renovation of the Financed
Project from the proceeds of obligations to be issued subsequent to the date hereof.
Section 2. The Town reasonably expects that the maximum principal amount of
obligations issued to reimburse the Town for the costs associated with the Financed Project will
be $3,000,000.
ADOPTED THIS cQ~ DAY OF --1....tF-~--' 2013.
TOWN OF TROPHY CLUB, TEXAS
BY:~-~
Mayor
/1
EXHIBIT A
DESCRIPTION OF PROJECT
Purpose/Project
Designing, developing, constructing, improving,
extending, and expanding streets, including related storm
drainage improvements.
Designing, acquiring, improving, constructing, and
renovating drainage and stormwater infrastructure and
facilities.
TOTAL
Amount
$1,300,000
$1,700,000
$3,000,000
A-I
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