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HomeMy WebLinkAboutRES 022316-E - Obli Bond & Cert of OblTHE STATE OF TEXAS § CITY OF GEORGETOWN § COUNTY OFWILLIAMSON § WHEREAS, the City Council (the "Council") of the City of Georgetown, Texas (the "City") has determined that it is in the best interest of the City to proceed with the issuance of certificates of obligation ("Certificates") to implement certain of the City's capital improvement programs; and WHEREAS, the City Council of the City finds that the payment in whole or in part of contractual obligations incurred or to be incurred for the purposes set forth in Exhibit "A" attached hereto (the "Contractual Obligations") would be beneficial to the inhabitants of the City and are needed to perform essential City functions; and WHEREAS, the Council has deemed it advisable to give notice of intention to issue the Certificates in a maximum principal amount not to exceed $19,750,000 pursuant to the provisions of the Certificate of Obligation Act of 1971, Section 271.041 et seq., Local Government Code (the "Act") for the purpose of financing the Contractual Obligations; and WHEREAS, prior to the issuance of the Certificates, the City is required under the Act to publish notice of its intention to issue the Certificates in a newspaper of general circulation in the City, the notice stating: (i) the time and place tentatively set for the passage of the ordinance authorizing the issuance of the Certificates, (ii) the maximum amount and purpose of the Certificates to be authorized, and (iii) the manner in which the Certificates will be paid; and WHEREAS, the meeting at which this Resolution is adopted was open to the public and public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code, as amended. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN9 TEXAS - 1. Attached hereto as Exhibit "A".is a form of the Notice of Intention to issue the Certificates, the form and substance of which is hereby adopted and approved. GeorgetoNvn\CO\2016: Notice Res 2. Bond Counsel to the City shall cause the notice to be published in substantially !b form attached hereto, in a newspaper of general circulation in the City, for two consecuti'v weeks, the date of the first publication to be at least 31 days before the date tentatively set fc passage of the ordinance authorizing the Certificates as shown in the notice. 2. The City Council hereby finds that the issuance of the Certificates complies wit the on Statement of the City of Georgetown. 3. The Assistant City Manager and the City's Finance Director along with the City financial advisor, Specialized Public Finance Inc., and bond counsel are authorized to procee with preparmig the necessary bond and offering documents to effectuate the sale of th Certificates and any other public securities of the City anticipated to be sold at or near the time the Certificates, including making application to appropriate rating agencies and bond insurers, applicable. 4. This Resolution shall become effective immediately upon adoption. The May( and City Secretary are hereby authorized and directed to execute the certificate to which th Resolution is attached on behalf of the City, and the Mayor, City Secretary and City Manager ai further authorized to do any and all things proper and necessary to carry out the intent of th Resolution. Georgetown\CO\2016: Notice Res ATTEST: CITY OF GEORGETOWN, TEXAS 1;44 ILI Shelley Nowljog\, City Secretary Dale Ross, Mayor Cl;�rlie McNaii. -(fit�tea. itom'ev, Georgetown\CO\2016: Notice Res Sigpg 10.14 ON 1 11311M MINA Ill lrlrl,_v 9 111IMMIll-WANIZI IMAIMA 040tei We] al t -M 9 1 OF -W -M I w"KII0111 MWE-tty"AMMO Georgetown\CO\2016: Notice Res A-1 with all of the City's revenue bonds or other obligations (now or hereafter outstanding) which are [!ayable from all or any part of the net revenues of the City's utility system. Georgetown\CO\2016: Notice Res A-2 CERTIFICATE FOR RESOLUTION NO. 0 a,;� 3>1 (P - THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN We, the undersigned officers and members of the City of Georgetown, Texas (the "City"), hereby certify as follows: I . The City Council of the City convened in REGULAR MEETING ON THE 23RD DAY OF FEBRUARY ' 2016, at Council Chambers, 101 E. 7th Street, Georgetown, Texas (the "Meeting"), and the roll was called of the duly constituted officers and members of the City, to - wit: Dale Ross, Mayor Keith Brainard, Mayor Pro Tem, Councilmember District 2 Anna Eby, Councilmember District I John Hesser, Councilmember District 3 Steve Fought, Councilmember District 4 Ty Gipson, Councilmember District 5 Rachel Jonrowe, Councilmember District 6 Tommy Gonzalez, Councilmember District 7 and all of the persons were present, except the following absentees- thus constituting a quorum. Whereupon, among other business, the following was transacted at the Meeting: a written A 112 ENEM11-t-MVi""INTI, P01, V OIA, L", ION# 11 1 Y 1 MATTERS RELATED THERETO AYES: NOES: 2. A true, full and correct copy of the Resolution passed at the Meeting described in the above and foregoing paragraphs is attached to and follows this Certificate; that the Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above and foregoing paragraphs are a true, full and correct excerpt from the City Council's minutes of the Meeting pertaining to the passage of the Resolution-, that the persons named in the above and Georgetown\CO\2016: NoticeResCert (bregoing paragraphs are the duly chosen, qualified and acting officers and members of the Cit,'F • as indicated therein; that each of the • and members • the City Council was dul. and sufficiently notified officially and personally, in advance, • the time, place and purpose the Meeting, and that the Resolution would be introduced and considered for passage at t Meeting, and each of the officers and members consented, in advance, to the holding of t Meetings for such purpose, and that the Meeting was open to the public and public notice of t time, place and purpose of the meeting was given, all as required by Chapter 551, • Government Code. 3. The Mayor of the City has approved and hereby approves the Resolution; that the Mayor and the City Secretary of the City have duly signed the Resolution.; and that the Mayor and the City Secretary of the City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of the Resolution for all purposes, Georgetown\CO\2016: NoticeResCert Georgetown\CO\2016: NoticeResCert (::I,' f,P--C�L