RES 1463 09/25/2012 0 f C/�0
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Tex Ar'
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RESOLUTION NO. 1 4 Ei
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE
COSTS INCURRED TO CONSTRUCt WATER AND WASTEWATER
SYSTEM IMPROVEMENTS
WHEREAS, the City Council of the CITy OF CIBOLO, TERAS (the "City) hereby
determines that it is necessary and desirable to construct and equip improvements to the City's
Waterworks and Sewer System, including the construction of water storage and distribution
facilities to Interstates 10 and 35 and extending wastewater lines generally along FM 78
(collectively, the "Projects"); and
WHEREAS,the City expects that it will pay expenditures in connection with the Projects
prior to the issuance of tax-exempt obligations(the "Obligations")to finance the Projects; and
WHEREAS,the City finds, considers, and Jeclares that the reimbursement of the City for
the payment of such expenditures will be appropriate and consistent with the lawful objectives of
the City and, as such, chooses to declare its intention to reimburse itself for such payments at
such time as the City issues Obligations to finance the Projects;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO,
TEXAS THAT.•
SECTION 1. EXPECTATION TO INCUR DEBT. The City reasonably expects to
incur debt, as one or more series of Obligations, with an aggregate maximum principal amount
currently estimated not to exceed $8,000,000, for tie purpose of paying the costs of the Projects;
and
SECTION 2. REIMBURSEMENT OF.,PRIOR EXPENDITURES. All costs to be
reimbursed pursuant hereto will be capital expenditures. No Obligations wi11 be issued by the
City in furtherance of this Resolution after a date which is later than 18 months after the later of
(1) the date the expenditures are paid, or (2) the.date on which the property, with respect to
which such expenditures were made, is placed in service.
SECTION 3. THREE-YEAR LIMITA'T'ION FOR REIMBURSEMENT. The
foregoing notwithstanding, no Obligations will be issued pursuant to this Resolution more than
three years after the date any expenditure which is to be reimbursed is paid.
SECTION 4. INCORPORATION OF RECITALS. The City hereby finds that the
statements set forth in the recitals of this Resolution are true and correct, and the City hereby
incorporates such recitals as a part of this Resolution.
SECTION 5. EFFECTIVE DATE. This Resolution shall become effective
immediately upon passage thereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS
THIS 25TH DAY OF SEPTEMBER, 2012.
yor
City of Cibolo, Texas
Attest
City Secretary
City of Cibolo, Texas
SIGNATURE PAGE TO REIMBURSEMENT RESOLUTION
RELATING TO WATER AND WASTEWATER SYSTEM IMPROVEMENTS
CERTIFICATE FOR RESOLUTION
follows:1,
the undersigned City Secretary of the CITTY OF CIBOLO,TEXAS(the "City"), hereby certify as
1. The City Council of the City convened in Re "'
ep
at the designated meeting place, and the roll was called of thelduly Meetingon
officers andmemberssaid City Council,to wit: of
Jennifer Hartman,Mayor
Ron Pede, Councilmember,Place 1 Kazan Hale,Councilmember,Place 4
Miguel Troncoso,Councilmember,Place 2 Larry Carlton,Councilmember,Place 5
Gabriel Castro, Councilmember,Place 3 Steve Lipazoto,Councilmember,Place 6
Melvin Hicks,Councilmember,Place 7
and all of said persons were present, except the following absentees: ryl t e
thus constitutinga quorum.
--
q Whereupon, among other business, the following was transacted at said
Meeting: a written Resolution No. 1 4 3 entitled:
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE COSTS
INCURRED TO CONSTRUCT WATER AND
IMPROVEMENTS WASTEWATER SYSTEM
was duly introduced for the consideration of said City Council. It was then duly move and seconded t
said Resolution be passed; and, after due discussion, said motion, c hat
Resolution,prevailed and carried by the following vote: azng with it the passage of said
AYES:--6 _ NOES: (� _ ABSTENTIONS:
2. A true,full and correct copy of the aforesaid Resolution passed at the Meeting describe in the
above and foregoing paragraph is attache to and follows this Certificate; said Resolution has been duly
recorded in said City Council'minutes of said Meeting; the above and foregoing paragraph is a true, full
and correct excerpt from said City Council' minutes of said Meeting
Resolution; the persons named in the above and foregoing pertaining to are the duly c the passage of said
acting officers and members of said City Council as indicated theerrein; each of the officers and membealified rs
of said City Council was duly and sufficiently notified officially and personally, in advance, of the time,
place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered
for passage at said Meeting, and each of said officers and members consented, in advance, to the holding
of said Meeting for such purpose; and said Meeting was open to the public, and public notice of the time,
place and purpose of said Meeting was given, all as required by Texas Government Code, Chapter 551.
SIGNED AND SEALED the 25`h day of September,2012.
City Secretazy
City of Cibolo,Texas
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