1993-049 ACity of Southlake, Texas
RESOLUTION NO. 93-49
A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS
ESTABLISHING PROCEDURES FOR A SPECIAL ELECTION
TO BE HELD ON NOVEMBER 2, 1993; ESTABLISHING
ELECTION PRECINCTS WITHIN THE CITY; APPOINTING
AN ELECTION JUDGE AND AN ALTERNATE JUDGE;
PROVIDING FOR PUBLICATION OF NOTICES;
ESTABLISHING A DATE FOR CANVASSING RETURNS;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, by Ordinance a Special Election has been called to be
held on November 2, 1993, to determine whether the City of
Southlake should adopt a one-half of one percent sales and use tax
for the benefit of an industrial development corporation created
pursuant to VATCS Article 5190.6, Section 4B, for the purpose of
developing public parks, or other projects permitted by law; and,
WHEREAS, by this Resolution, it is the intention of the City
Council to officially establish the election precincts within the
City, to designate a polling place for the election', to appoint the
necessary election officers and to establish, and set forth
procedures for conducting the election in''accordance with the
requirements of the Election Code (hereinafter referred to as
Code").
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, THAT:
1.
Election Precincts. In accordance with Section 42.061 of the Code,
the City Council of the City hereby establishes its election
precincts for all municipal elections from and after the effective
date of this Resolution, such precincts to be coterminous with the
boundaries of the below listed election precincts established by
the Denton County and Tarrant County Commissioner's Court, to the
extent such election precincts are within the corporate boundaries
of the City:
Denton County Election Precinct
Tarrant County Election Precinct
Tarrant County Election Precinct
Tarrant County Election Precinct
Tarrant County Election Precinct
Tarrant County Election Precinct
2.
No. 318
No. 3470
No. 3039
No. 3040
No. 3286
No. 3359
Pollincr Place and Time. The Polling Place of the City for all
Municipal Election from and after the effective date of this
Resolution shall be Southlake City Hall, 667 North Carroll Avenue.
On Tuesday, November 2, 1993, the polls shall be open from 7:00
a.m. to 7:00 p.m., in accordance and pursuant to the requirements.
SPDC RESOLUTION 97-02)N,
A RESOLUTION providing for the redemption of certain
outstanding bonds of the Corporation; and resolving
other matters incident and related to the
redemption of such bonds.
WHEREAS, pursuant to resolutions passed and adopted by the
Board of Directors of the Southlake Parks Development Corporation,
the following described bonds were duly authorized to be issued
and are currently outstanding, to wit:
1) Southlake Parks Development Corporation
Sales Tax Revenue Bonds, Series 1994, dated May 1,
1994, maturing on August 15 in each of the years
2005 through 2014, and aggregating in principal
amount $1,860,000; and
2) Southlake Parks Development Corporation
Sales Tax Subordinate Lien Revenue Bonds, Series
1994, dated November 15, 1994, maturing on August
15 in each of the years 1997 through 2015, and
aggregating in principal amount $1,000,000;
AND WHEREAS, the above identified bonds were authorized,
issued, sold and delivered subject to the right and authority of
the Corporation to redeem the same prior to maturity, as provided
in the respective authorizing resolutions and in said bonds; and
WHEREAS, in connection with the refunding of the above
described bonds, the Board of Directors hereby finds and
determines that bonds of the respective series should be redeemed
prior to their maturities on the dates and in the manner
hereinafter provided and in accordance with the requirements
prescribed therefor and notice of redemption of such bonds should
be approved and authorized to be given at this time by the Board;
now, therefore,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHLAKE
PARKS DEVELOPMENT CORPORATION:
SECTION 1: The bonds of that series known as "Southlake
Parks Development Corporation Sales Tax Revenue Bonds, Series
199411, dated May 1, 1994, maturing in the years 2005 through 2014,
and aggregating in principal amount $1,860,000, shall be redeemed
and the same are hereby called for redemption on August 15, 2004,
at the price of par and accrued interest to the date of
redemption. The Secretary of the Board of Directors is hereby
authorized and directed to file a copy of this resolution,
together with a suggested form of notice of redemption to be sent
to bondholders, with Texas Commerce Bank, National Association,
Dallas, Texas, in accordance with the redemption provisions
applicable to such bonds; such suggested form of notice of
04019M
redemption being attached hereto as Exhibit A and incorporated
herein by reference as a part of this resolution for all purposes.
SECTION 2: The bonds of that series known as "Southlake
Parks Development Corporation Sales Tax Subordinate Lien Revenue
Bonds, Series 199411, dated November 15, 1994, maturing in the
years 1997 through 2015, and aggregating in principal amount
1,000,000, shall be redeemed and the same are hereby called for
redemption on , 1997 at the price of par and accrued
interest to the date of redemption. The Secretary of the Board of
Directors is hereby authorized and directed to file a copy of this
resolution, together with a suggested form of notice of redemption
to be sent to bondholders, with Texas Commerce Bank, National
Association, Dallas, Texas, in accordance with the redemption
provisions applicable to such bonds; such suggested form of notice
of redemption being attached hereto as Exhibit B and incorporated
herein by reference as a part of this resolution for all purposes.
SECTION 3: The redemption of the bonds described above
being associated with the refunding of such bonds, the approval,
authorization and arrangements herein given and provided for the
redemption of such obligations on the redemption dates designated
therefor and in the manner provided shall be irrevocable upon the
issuance and delivery of the "Southlake Parks Development
Corporation Refunding and Improvement Sales Tax Revenue Bonds,
Series 199711, dated February 15, 1997; and the Secretary of the
Board of Directors is hereby authorized and directed to make all
arrangements necessary to notify the holders of such bonds of the
Corporation's decision to redeem such bonds on the dates and in
the manner herein provided and in accordance with the resolutions
authorizing the issuance of the obligations.
PASSED AND ADOPTED, this February 18, 1997.
ATTEST:
Secretary, Board Directors
Corporation Seal)
0401888
SOUTHIJ T PARKS DEVELOPMENT
77V
President, B d of Directors
2-
EXHIBIT A
NOTICE OF REDEMPTION
SOUTHLAKE PARKS DEVELOPMENT CORPORATION
SALES TAX REVENUE BONDS
SERIES 1994
DATED MAY 1, 1994
NOTICE IS HEREBY GIVEN that all bonds of the above series
maturing on and after August 15, 2005 and aggregating in principal
amount $1,860,000 have been called for redemption on August 15,
2004 at the redemption price of par and accrued interest to the
date of redemption, such bonds being identified as follows:
Year of Principal Amount
Maturitv Outstandina
2005 145,000
2006 150,000
2007 160,000
2008 170,000
2009 175,000
2010 190,000
2011 200,000
2012 210,000
2013 225,000
2014 235,000
ALL SUCH BONDS shall become due and payable on August 15,
2004, and interest thereon shall cease to accrue from and after
said redemption date and payment of the redemption price of said
bonds shall be paid to the registered owners of the bonds only
upon presentation and surrender of such bonds to Texas Commerce
Bank National Association, Dallas, Texas.
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution by the Board of Directors of the
Southlake Parks Development Corporation.
TEXAS COMMERCE BANK NATIONAL
ASSOCIATION, Dallas, Texas
Address: P. O. Box 660197
Dallas, Texas 75266-0197
0401SU
EXHIBIT B
NOTICE OF REDEMPTION
SOUTHLAKE PARKS DEVELOPMENT CORPORATION
SALES TAX SUBORDINATE LIEN REVENUE BONDS
SERIES 1994
DATED NOVEMBER 15, 1994
NOTICE IS HEREBY GIVEN that all bonds of the above series
and aggregating in principal amount $1,000,000 have been called
for redemption on , 1997 at the redemption price of
par and accrued interest to the date of redemption, such bonds
being identified as follows:
Year of Principal Amount
Maturitv Outstandina
1997 10,000
1998 15,000
1999 15,000
2000 20,000
2001 20,000
2002 25,000
2003 25,000
2004 30,000
2005 35,000
2006 40,000
2007 45,000
2008 55,000
2009 60,000
2010 70,000
2011 80,000
2012 90,000
2013 105,000
2014 120,000
2015 145,000
ALL SUCH BONDS shall become due and payable on August 15,
2004, and interest thereon shall cease to accrue from and after
said redemption date and payment of the redemption price of said
bonds shall be paid to the registered owners of the bonds only
upon presentation and surrender of such bonds to Texas Commerce
Bank National Association, Dallas, Texas.
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution by the Board of Directors of the
Southlake Parks Development Corporation.
TEXAS COMMERCE BANK NATIONAL
ASSOCIATION, Dallas, Texas
Address: P. O. Box 660197
Dallas, Texas 75266-0197
0401886