RES 2012-29TOWN OF TROPHY CLUB
RESOLUTION NO. 2012-29
A RESOLUTION OF THE TOWN OF TROPHY CLUB, TEXAS CALLING
CERTAIN OUTSTANDING BONDS FOR REDEMPTION AND
RESOLVING OTHER MATTERS RELATED THERETO
WHEREAS, the Town of Trophy Club, Texas (the "Town") has previously issued
its General Obligation Bonds, Series 2002-A (the "Bonds"); and
WHEREAS, the Bonds are presently outstanding in the aggregate principal
amount of $880,000; and
WHEREAS, the Bonds are subject to optional redemption on any date after
September 1, 2012, as set forth in the ordinance authorizing the issuance of the Bonds
(the "Ordinance"); 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 Bonds for
redemption on January 15, 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 Bonds in the aggregate principal amount of $880,000 are
hereby called for redemption on January 15, 2013, at a redemption price equal to the
principal amount thereof plus interest accrued thereon and unpaid, and shall be
redeemed from lawfully available funds of the Town on such date.
Section 3. On or before January 15, 2013, the Town shall deposit with the
Paying Agent/Registrar for the Bonds the sum of $894,533.41 which sum is sufficient to
redeem all of the outstanding Bonds on such date.
Section 4. The Town Secretary is hereby authorized and directed to cause
notice of redemption to be given to the Paying Agent/Registrar for the Bonds, at the
time and in the manner required by the Ordinance authorizing the Bonds.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas on this the 14th day of November, 2012.
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Connie White, Mayor
Town of Trophy Club, Texas
ATOEST: APPROVED AS TO FORM:
~a.nn(ftJ -!Mt atJ. ;:"~Ro,..S Mon DePrat~n Se~ry -.y;..; Julie Partain, Bond Counsel
Town of Trophy Club, Texasf~ () own of Trophy Club, Texas
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