2009-005 ResolutionOFFICIAL RECORD
RESOLUTION NO. 09- 005-
A RESOLUTION approving and authorizing publication of notice of intention to
issue certificates of obligation.
WHEREAS, the City Council of the City of Southlake, Texas, has determined that
certificates of obligation should be issued under and pursuant to the provisions of V.T.C.A.,
Local Government Code, Subchapter C of Chapter 271 (the "Act"), for the purpose of paying
contractual obligations to be incurred for (i) the construction of public works, to wit:
a) acquiring, constructing, improving and equipping criminal justice facilities, including the
acquisition of land therefor, (b) constructing and improving streets and sidewalks, including the
acquisition of land and rights-of-way therefor, and (c) acquiring, constructing, improving and
equipping park and recreation facilities, including the acquisition of land therefor, and
ii) professional services rendered in relation to such projects and the financing thereof, and
WHEREAS, prior to the issuance of such certificates, the City Council is required to
publish notice of its intention to issue the same in accordance with the provisions of the Act;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS:
SECTION 1: The City Secretary is hereby authorized and directed to cause notice to be
published of the Council's intention to issue certificates of obligation during a meeting scheduled
to begin at 6:00 P.M. on the 21s` day of April, 2009, which certificates of obligation shall be
issued in one or more series, in a principal amount not to exceed $25,895,000 for the purpose of
paying contractual obligations to be incurred for (i) the construction of public works, to wit:
a) acquiring, constructing, improving and equipping criminal justice facilities, including the
acquisition of land therefor, (b) constructing and improving streets and sidewalks, including the
acquisition of land and rights-of-way therefor, and (c) acquiring, constructing, improving and
equipping park and recreation facilities, including the acquisition of land therefor, and
ii) professional services rendered in relation to such projects and the financing thereof, and shall
be payable from ad valorem taxes and a limited pledge of the net revenues of the City's
combined Waterworks and Sewer System. The notice hereby approved and authorized to be
published shall read substantially in the form and content of Exhibit A hereto attached and
incorporated herein by reference as a part of this resolution for all purposes.
SECTION 2: The City Secretary shall cause the aforesaid notice to be published in a
newspaper of general circulation in the City, once a week for two consecutive weeks, the date of
the first publication to be at least thirty-one (3 1) days prior to the date stated therein for the
passage of the ordinance authorizing the issuance of the certificates of obligation.
SECTION 3: It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by V.T.C.A., Government Code, Chapter 551, as amended.
SECTION 4: This Resolution shall be in force and effect from and after its passage on
the date shown below.
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PASSED AND ADOPTED, this February 3, 2009.
ATTEST:
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City Secretary 0
co
City Seal)
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CITY OF SOUTHLAKE, TEXAS
Mayor
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
SOUTHLAKE, TEXAS, CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Southlake, Texas, shall convene at
6:00 P.M. on the 21" day of April, 2009, at the City Hall, 1400 Main Street, Southlake, Texas,
and, during such meeting, the City Council will consider the passage of one or more ordinances
authorizing the issuance of certificates of obligation, in one or more series, in an amount not to
exceed $25,895,000 for the purpose of paying contractual obligations to be incurred for (i) the
construction of public works, to wit: (a) acquiring, constructing, improving and equipping
criminal justice facilities, including the acquisition of land therefor, (b) constructing and
improving streets and sidewalks, including the acquisition of land and rights-of-way therefor,
and (c) acquiring, constructing, improving and equipping park and recreation facilities, including
the acquisition of land therefor and (ii) professional services rendered in relation to such projects
and the financing thereof, such certificates to be payable from ad valorem taxes and a limited
pledge of the net revenues of the City's combined Waterworks and Sewer System. The
certificates are to be issued, and this notice is given, under and pursuant to the provisions of
V.T.C.A., Local Government Code, Subchapter C of Chapter 271.
Lori Payne
City Secretary
City of Southlake, Texas
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