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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 RESOLTED BT TAE TO1111A COIACM-OF--MA
TOWN •TROPHY CLUB, TEXAS:
Section 9. 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 $9,500,000.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas, this 17th day of February, 2014.
ATTE T:
Tatmy Ard,fbwn Secretary
Town of Trophy Club, Texas
ayor Connie White
Town of Trophy Club, Texas
APPROVED AS TO FORM:
Patricia A. Adams, Town Attorney
Town of Trophy Club, Texas
10011111-11M.A
DESCRIPTION OF PROJECT
Purpose/Proiect Amount
Designing, developing, constructing, improving,
renovating and equipping Town Hall facilities,
including the acquisition of land therefor.
Designing, developing, constructing, improving,
renovating and equipping police and public safety
facilities, including the acquisition of land therefor.
Designing, developing, constructing, improving,
renovating and equipping park and recreational
facilities, including the acquisition of land therefor.
EM
#4479078.1
TOTAL $9,500,000