RES 2015-11TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2015-11
A RESOLUTION OF THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS RELATING TO THE
GIVING OF NOTICE OF INTENTION TO AMEND
ORDINANCE NO. 2014-08 ISSUING TOWN OF TROPHY
CLUB, TEXAS COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 2014;
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 issued its Combination Tax and
Revenue Certificates of Obligation, Series 2014 pursuant to Ordinance No. 2014-08; and
WHEREAS, the Town Council found and determined that a notice of intention to
amend the Ordinance No. 2014-08 authorizing the issuance of 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 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 amending Ordinance No. 2014-08
authorizing the Combination Tax and Revenue Certificates of Obligation, Series 2014. 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.
RES 2015-11 Page 1 of 3
PASSED, APPROVED AND EFFECTIVE by the Town Council of the Town of
Trophy Club, Texas this 11th day of August, 2015.
Town of Trophy Club,
C. Nick Sanders, Mayor
Town of Trophy Club, Texas
APPROVED AS TO FORM:
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Patricia A. Adams, Town Attorney
Town of Trophy Club, Texas
RES 2015-11 Page 2 of 3
PYRTRIT A
NOTICE OF INTENTION TO AMEND ORDINANCE NO. 2014-08 ISSUING TOWN OF
TROPHY CLUB, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF
OBLIGATION,
SERIES 2014
NOTICE IS HEREBY GIVEN that on September 22, 2015, 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
amending Ordinance No. 2014-08 that authorized the issuance of Town of Trophy Club, Texas
Combination Tax and Revenue Certificates of Obligation, Series 2014 (the "Certificates) for the
purpose of paying contractual obligations to be incurred for the following purposes, to wit: (a)
purchasing land for a joint police and town hall facility; and (b) paying professional services of
attorneys, financial advisors and other professionals in connection with the Project and the
issuance of the Certificates. The ordinance amending the Ordinance No. 2014-08 shall amend
the purposes of the Certificates to add (c) designing, developing, constructing and equipping a
joint police and town hall facility, as an authorized purpose. Said Certificates are 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 August 11, 2015
/s/ Holly Fimbres, Town Secretary
Town of Trophy Club, Texas
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