R-2014-1875 - 10/9/2014 RESOLUTION NO. R-2014-1875
RESOLUTION AUTHORIZING PROCEEDING WITH ISSUANCE OF ONE OR MORE
SERIES OF CITY OF ROUND ROCK, TEXAS COMBINATION TAX AND LIMITED
REVENUE CERTIFICATES OF OBLIGATION AND FURTHER DIRECTING THE
PUBLICATION OF NOTICE OF INTENTION TO ISSUE SUCH CERTIFICATES OF
OBLIGATION; AND OTHER MATTERS RELATED THERETO
THE STATE OF TEXAS
COUNTIES OF TRAVIS AND WILLIAMSON
CITY OF ROUND ROCK
WHEREAS,the City Council of the City of Round Rock, Texas (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 one or
more series of Certificates in a maximum principal amount not to exceed $28,000,000 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 ROUND ROCK, 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.
2. Bond Counsel to the City shall cause the notice to be published in substantially the
form attached hereto, in a newspaper of general circulation in the City, for two consecutive weeks,
the date of the first publication to be at least 31 days prior to the time set for the final passage of the
ordinance authorizing issuance of the Certificates as shown in the notice.
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3. The Director of Finance, Financial Advisor and Bond Counsel to the City are
authorized to proceed with preparing the necessary bond and offering documents to effectuate the
sale of the Certificates, including making application to appropriate rating agencies and bond
insurers, if applicable.
4. This Resolution shall become effective immediately upon adoption. The Mayor and
City Clerk are hereby authorized and directed to execute the certificate to which this Resolution is
attached on behalf of the City and the Mayor,City Clerk and City Manager are further authorized to
do any and all things proper and necessary to carry out the intent of this Resolution.
5. The City hereby authorizes the disbursement of a fee equal to the lesser of(i) one-
tenth of one percent of the principal amount of each series of the Certificates being issued or (ii)
$9,500 per series, provided that such fee shall not be less than $750, to the Attorney General of
Texas Public Finance Division for payment of the examination fee charged by the State of Texas for
the Attorney General's review and approval of public securities and credit agreements,as required by
Section 1202.004 of the Texas Government Code. The appropriate member of the City's staff is
hereby instructed to take the necessary measures to make this payment. The City is also authorized
to reimburse the appropriate City funds for such payment from proceeds of the Certificates.
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RESOLVED this 9th day of October, 2014.
ATTEST: CITY OF ROUND ROCK, TEXAS
•
, •
City Clerk Mayor
City of Round Rock, Texas City of Round Rock, Texas
APPROVED AS TO FORM:
,41APAIL. 111111
City ttorney
City of Round Rock, Texas
EXHIBIT "A"
NOTICE OF INTENTION REGARDING
THE ISSUANCE OF ONE OR MORE SERIES OF
CITY OF ROUND ROCK, TEXAS
COMBINATION TAX AND LIMITED REVENUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of
Round Rock, Texas, to issue one or more series of interest bearing certificates of obligation of the
City entitled "City of Round Rock, Texas Combination Tax and Limited Revenue Certificates of
Obligation" (the "Certificates") for the purpose of paying contractual obligations incurred or to be
incurred by the City for: (1) constructing, improving, extending, expanding, upgrading and/or
developing streets, roads, bridges, trails, sidewalks, intersections, traffic signalization and other
transportation improvement projects including related waterworks, sewer and drainage
improvements, signage, landscaping, irrigation, purchasing any necessary rights-of-way and other
related transportation costs and(2)professional services including fiscal,engineering,architectural
and legal fees and other such costs incurred in connection therewith including the costs of issuing the
Certificates. The City Council tentatively proposes to consider for first and final reading at a
meeting to commence at 7 o'clock,p.m., on the 25th day of November, 2014 at City Hall, 221 East
Main Street, Round Rock, Texas, 78664, the passage of an ordinance authorizing the Certificates.
The maximum amount of the Certificates that may be authorized for such purpose is $28,000,000.
The City Council presently proposes to provide for the payment of such Certificates from the levy
and collection of ad valorem taxes in the City as provided by law and from the surplus revenues of
the City's waterworks,sewer and drainage system in an amount not to exceed$1,000,remaining after
payment of all operation and maintenance expenses thereof, and all debt service, reserve and other
requirements in connection with all of the City's revenue bonds or other obligations(now or hereafter
outstanding) which are payable from all or any part of the net revenues of such system.
CITY OF ROUND ROCK,TEXAS
A-1
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CERTIFICATE FOR RESOLUTION NO. I°e- "-(
THE STATE OF TEXAS §
COUNTIES OF TRAVIS AND WILLIAMSON §
CITY OF ROUND ROCK §
The undersigned City Clerk of the City of Round Rock, Texas (the "City"), hereby certify
as follows:
1. The City Council of the City convened in a REGULARLY SCHEDULED
MEETING ON THE 9TH DAY OF OCTOBER, 2014,. at the designated meeting place (the
"Meeting"), and the roll was called of the duly constituted officers and members of the Council,
to-wit:
Alan McGraw, Mayor
Craig Morgan, Place 1
George White, Place 2
Joe Clifford, Place 3
Will Pekham, Place 4
John S. Morvan, Place 5
Kris Whitfield, Mayor Pro-tern, Place 6
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
RESOLUTION AUTHORIZING PROCEEDING WITH ISSUANCE OF ONE OR MORE
SERIES OF CITY OF ROUND ROCK,TEXAS COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION AND FURTHER DIRECTING THE
PUBLICATION OF NOTICE OF INTENTION TO ISSUE SUCH CERTIFICATES OF
OBLIGATION; AND OTHER MATTERS RELATED THERETO
was duly introduced for the consideration of the City Council. It was then duly moved and
seconded that the Resolution be passed; and, after due discussion, said motion carrying with it the
passage of the Resolution, prevailed and carried by the following vote:
AYES:
NOES:
2. A true, full and correct copy of the Resolution passed at the Meeting described in
the above and foregoing paragraph 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
paragraph is 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 foregoing
RoundRockCO\20I4:NoticeResCert
paragraph are the duly chosen, qualified and acting city officials as indicated therein; that each of
the elected officials and members of the City Council was duly and sufficiently notified officially
and personally, in advance, of the time,place and purpose of the Meeting, and that the Resolution
would be introduced and considered for passage at the Meeting, and each of the elected officials
and members consented, in advance, to the holding of the Meeting for such purpose, and that the
Meeting 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, Government Code, as amended.
3. The Mayor of the City has approved and hereby approves the Resolution and the
Mayor and the City Clerk of the City have duly signed the Resolution.
RoundRockCO\2014:NoticeResCert
SIGNED AND SEALED the 9th day of October, 2014.
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City Clerk
City of Round Rock, Texas
[CITY SEAL]
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