RES 2006-28TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2006- 28 , -
A RESOLUTION OF THE TOWN OF TROPHY CLUB, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF
OBLIGATION SERIES 2007; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the Town Council of Trophy Club deems it advisable to give
notice of intention to issue Combination Tax and Revenue Certificates of
Obligation, in the amount of $474,000 for paying all or a portion of the Town's
contractual obligations for the purpose of constructing and improving the Town's
Harmony Park and its improvements, and for paying legal, fiscal, and
engineering fees in connection with such project; and
WHEREAS, it is hereby officially found and determined that the meeting at
which this Resolution was passed, was open to the public and public notice of
the time, place, and purpose of said meeting was given, all as required by
Chapter 551, Texas Government Code.
NOW THEREFORE, BE IT RESOLVED BY 'THE TOWN COUNCIL OF
THE TOWN OF TROPHY CLUB, TEXAS:
Section 1. That attached hereto is a form of the Notice of Intention to
issue Certificates of Obligation, the form and substance of which is hereby
adopted and approved.
Section 2. That the Town Secretary shall cause said notice to be
published in substantially the form attached hereto, in a newspaper of general
circulation in said Town, and published in said Town, on the same day in each of
two consecutive weeks, the date of the first publication thereof to be at least 14
days prior to the time set for the issuance of such certificates of obligation as
shown in said notice.
Section 3. That, this Resolution shall become effective from and after its date
of passage in accordance with law.
PASSED AND APPROVED by the Town Council of the Town of Trophy
Club, Texas, this 1 8'h day of December, 2006.
ea/sA
Nick Sanders, Mayor
Town of Trophy ~iub, Texas
ATTEST:
rn,@~/
~isa-dmgy, ~ohn Secretary /
Town of Trophy Club, Texas
APPROVED AS TO FORM:
Town Attorney
Town of Trophy Club, Texas
AFFIDAVIT OF PUBLICATPON
TEUZ STATE OF TEXAS 6
COUNTY OF DENTON 0
TOWN OF TROPHY CLUB 6
BEFORE ME, a notary public in and for the above named County, on thls day personally
appeared the person whose name is subscribed below, who, having been duly sworn, says upon oath
that he or she is a duly authorized officer or employee of the TROPHY CLUB TIMES, which is a
newspaper of general circulation in the above named County, devoting not less than 25% of its total
column lineage to the carrying of items of general interest, published not less frequently than once
each week, entered as second-class postal matter in the county where published, and having been
published regularly and continuously for not less than 12 months prior to the making of any
publication; and that a true and correct copy of the NOTICE OF LNTENTION TO ISSUE
CO1\IBINATION TAX AND REVENUE CERTLFICATES OF OBLIGATION, SEFUES 2007,
a clipping of which is attached to this AfEidavit, was published in said Newspaper on the following
dates:
December 22, 2006
December 29, 2006
C
Authorized Officer or ~rn~lo~ee
SUBSCRIBED AND SWORN TO BEFORE ME on the /./n day of ,/]rl,l & ,2006.
NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES
OF OBLIGATION, SERIES 2007
The Town of Trophy Club does hereby give notice of intention to issue Combination Tax
and Revenue Certificates of Obligation, Series 2007, in the maximum principal amount not to
exceed $474,000, for paying all or a portion of the Town's contractual obligations for the purpose
of constructing and improving the Town's Harmony Park and its improvements, and for paying
legal, fiscal, and engineering fees in connection with such project. The Town proposes to provide
for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes
in the Town as provided by law, and from a pledge of limited surplus revenues of the Town's
Harmony Park, Splash Park Water Pool, remaining after payment of all operation and
maintenance expenses thereof, and all debt service, reserve, and other requirements in
connection with any of the Town's revenue bonds or other obligations (now or hereafter
outstanding), which are payable from all or any part of the Net Revenues of the Town's Harmony
Park, Splash Park Water Pool. The Town Council intends to consider for passage an Ordinance
authorizing the issuance of Town of Trophy Club, Texas Combination Tax and Revenue
Certificates of Obligation, Series 2007, at a Regular Meeting to be held at 7:00 p.m. on January
22, 2007 at the Town Hall, Town of Trophy club, Texas.
Nick Sanders, Mayor
Town of Trophy Club
CERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS
COUNTY OF DENTON
TOWN OF TROPHY CLUB
We, the undersigned officers of said Town, hereby certify as follows:
1 The Town Council of said Town convened in REGULAR MEETING ON THE 18TH DAY
OF DECEMBER, 2006, at the Town Hall, and the roll was called of the duly constituted offlcers and
members of said Town Council, to-wit:
Carl Nick Sanders, Mayor
Pamela Cates
Susan Edstrom
Greg Lamont
Philip Sterling
Roger Williams
Lisa Ramsey, Town Secretary
and all of said persons were present, except the following absentees: ,
thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting:
a written
RESOLUTION NO.
DmCTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CO~~~ATIBN TAX AND REVENUE CERTIFICATES OF OBLIGATION
SERES 2007
was duly introduced for the consideration of said Town Council and read in full. It was then duly movedand
seconded that said Resolution be passed; and, after due discussion, said motion carrying with it the passage
of said Resolution, prevailed and camed by the following vote:
AYES: AU members of said Town Council shown present above voted "Aye".
NOES: None.
2. That a true, fill and correct copy of the aforesaid Resolution passed at the Meeting described
in the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been
duly recorded in said Town Council's minutes of said Meeting; that the above and foregoing paragraph is a
true: full and correct excerpt from said Town Council's minutes of said Meeting pertaining to the passage of
said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified
and acting officers and members of said Town Council as indicated therein; that each of the officers and
members of said Town Council was duly and sufficiently notified officially and personally, in advance, of the
time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered
for passage at said Meeting, and each of said officers and members consented, in advance, to the holding of
said Meeting for such purpose, and that said Meeting was open to the public and public notice of the time,
place and purpose of said meeting was given, all as required by Chapter 55 1, Texas Government Code.
3. That the Mayor of saidTown has approved and hereby approves the aforesaid Resolution; that
the Mayor and the Town Secretary of said Town have duly signed said Resolution; and that the Mayor and the
Town Secretary of said Town hereby declare that their signing of thls Certificate shall constitute the signmg
of the attached and following copy of said Resolution for all purposes.
SIGNED AND SEALED the 18th day of December, 2006.
Mayor