RES 2013-17TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2013-17
RESOLUTION OF THE TOWN OF TROPHY CLUB,
TEXAS CALLING CERTAIN OUTSTANDING
OBLIGATIONS FOR REDEMPTION; PROVIDING FOR
THE PAYMENT IN FULL OF CERTAIN OBLIGATIONS
AND RESOLVING OTHER MATTERS RELATED
THERETO
WHEREAS, the Town of Trophy Club, Texas (the "Town") has previously issued its Tax
Notes, Series 2010 (the "Notes") and its Combination Tax and Revenue Certificates of
Obligation, Series 2007 (the "Certificates" and together with the Notes, the "Obligations"); and
WHEREAS, the Notes are presently outstanding in the aggregate principal amount of
$265,000; and
WHEREAS, the Certificates are presently outstanding in the aggregate principal amount
of $236,000; and
WHEREAS, the Obligations are not subject to optional redemption prior to maturity, as
set forth in the ordinances authorizing the issuance of the Notes and the Certificates, respectively
(together the "Ordinance"); and
WHEREAS, TIB-The Independent Bankers Bank is the sole owner and holder of the
Notes and Zions Bank is the sole owner and holder of the Certificates; and
WHEREAS, both TIB-The Independent Bankers Bank has consented to the redemption
of all of the outstanding Notes on September 1,2013; and
WHEREAS, Zions Bank has consented to the payment in full of all amounts due with
respect to the outstanding Certificates on September 1,2013; and
WHEREAS, the Town Council of the Town (the "Town Council") has found and
determined that it is in the best interests of the Town to call all outstanding Notes for redemption
and to pay in full the outstanding Certificates on September 1,2013;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS:
Section 1. The findings and determinations set forth in the preambles hereto are
hereby incorporated by reference for all purposes.
Section 2. The Notes in the aggregate principal amount of $265,000 are hereby called
for redemption on September 1, 2013, at a redemption price equal to the principal amount
Signature Page to Town of Trophy Club, Texas Resolution
#4318608.1
thereof plus interest accrued thereon and unpaid, plus a premium of $10,000 and shall be
redeemed from lawfully available funds of the Town on such date.
Section 3. The Certificates in the aggregate principal amount of $236,000 plus
interest accrued thereon plus unpaid interest/premium of $20,580, shall be paid in full on
September 1,2013, and such payment shall be made from lawfully available funds of the Town
on such date.
Section 4. On or before September 1,2013, the Town shall deposit with the Paying
AgentlRegistrar for the Notes the sum of $280,700.25, which sum is sufficient to redeem all of
the outstanding Notes on such date.
Section 5. On or before September 1, 2013, the Town shall deposit with the Paying
AgentlRegistrar for the Certificates the sum of$261,536.00 which sum is sufficient to pay in full
all of the outstanding Certificates on such date.
H:f..JJ,'i~ED AND ADOPTED THIS 15th day of July 2013.
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Mayor, Connie White
Town of Trophy Club, Texas
Amy M. Pi .....V'..F>
Town Secre y,
Town of Trophy Club, Texas
Signature Page to Town ofTlOphy Club, Texas Resolution