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02-22-2022 (City Council) Agenda Packet Wylie City Council Regular Meeting IA/ February 22,2022—6:00 PM vr Council Chambers -300 Country Club Road, Building#100,Wylie,Texas 75098 CITY OF WYLIE CALL TO ORDER INVOCATION&PLEDGE OF ALLEGIANCE PRESENTATIONS&RECOGNITIONS PRl. Black History Month. COMMENTS ON NON-AGENDA ITEMS Any member of the public may address Council regarding an item that is not listed on the Agenda. Members of the public must fill out a form prior to the meeting in order to speak. Council requests that comments be limited to three minutes for an individual, six minutes for a group. In addition, Council is not allowed to converse, deliberate or take action on any matter presented during citizen participation. CONSENT AGENDA All matters listed under the Consent Agenda are considered to be routine by the City Council and will be enacted by one motion. There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda and will be considered separately. A. Consider,and act upon,approval of February 8, 2022 Regular City Council Meeting minutes. B. Consider, and place on file, the monthly Revenue and Expenditure Report for the Wylie Economic Development Corporation as of January 31,2022. C. Consider,and act upon,the City of Wylie Monthly Revenue and Expenditure Report for January 31, 2022. D. Consider, and place on file,the City of Wylie Monthly Investment Report for January 31,2022. E. Consider, and act upon, Ordinance No. 2022-22 amending Ordinance No. 2021-43, which established the budget for fiscal year 2021-2022;providing for repealing,savings and severability clauses;and providing for an effective date of this ordinance. F. Consider, and act upon, accepting a donation to the City in the amount of $5,779 from the Catholic Foundation of the Estate of Rita and Truett Smith. G. Consider, and act upon, a Final Plat, being a Replat of Lots 26R-1 & 26R-2, Block 2 of Brown and Burns Addition, establishing two lots on 0.603 acres, located on the northeast corner of N. Jackson Avenue and Jefferson Street. H. Consider,and act upon, approval of a Park Event Application for the 1 LT Robert F. Welch fundraiser event in Olde City Park on Saturday,April 23, 2022. I. Consider, and act upon, approval of a Park Event Application for the Wylie High School PTSA Fun Run fundraiser event in Founders Park on Saturday,April 9,2022. Page 11 . REGULAR AGENDA 1. Hold a Public Hearing to consider, and act upon, a change in zoning from Neighborhood Services (NS) to Planned Development-Multi-Family(PD-MF)to allow for an income adjusted multi-family social services development on 2.472 acres located at 511 West Brown Street(ZC2022-01). 2. Hold a Public Hearing to consider, and act upon, a change in zoning from Downtown Historic District — Residential only to allow commercial and/or residential uses,located at 401 N.Keefer within the Downtown Historic District(ZC 2022-04). 3. Discussion and consideration of all matters incident and related to the issuance and sale of"City of Wylie, Texas, General Obligation Refunding and Improvement Bonds, Series 2022", including the adoption of Ordinance No. 2022-23 authorizing the issuance of such bonds and providing for the redemption of the obligations being refunded. WORK SESSION WS1. Wylie Recreation Center Operations Presentation. WS2. Discuss the status of the Comprehensive Master Plan and specifically Future Land Use. RECONVENE INTO REGULAR SESSION EXECUTIVE SESSION Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on its negotiating position. ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper, State Hwy 78/Alanis, State Hwy 78/Ballard, State Hwy 78/Birmingham, and State Hwy 78/Brown. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate,stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision(1). ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects 2017-10a,2020-1 lb, 2021-2d,2021-4a, 2021-4b, 2021-6a,2021-6c,2021-6e, 2021-7a, 2021-8a, 2021-9e,2021-9f,2021-1 la,2021-12a, and 2021-12b. RECONVENE INTO OPEN SESSION Take any action as a result from Executive Session. READING OF ORDINANCES Title and caption approved by Council as required by Wylie City Charter,Article III, Section 13-D. Page 12 . ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on February 18,2022 at 5:00 p.m. on the outside bulletin board at Wylie City Hall,300 Country Club Road,Building 100,Wylie,Texas,a place convenient and readily accessible to the public at all times. Stephanie Storm, City Secretary Date Notice Removed The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972.516.6020.Hearing impaired devices are available from the City Secretary prior to each meeting. If during the course of the meeting covered by this notice, the City Council should determine that a closed or executive meeting or session of the City Council or a consultation with the attorney for the City should be held or is required, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act,Texas Government Code§551.001 et. seq.,will be held by the City Council at the date, hour and place given in this notice as the City Council may conveniently meet in such closed or executive meeting or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act,including,but not limited to,the following sanctions and purposes: Texas Government Code Section: § 551.071 —Private consultation with an attorney for the City. § 551.072—Discussing purchase, exchange, lease or value of real property. § 551.074—Discussing personnel or to hear complaints against personnel. § 551.087—Discussing certain economic development matters. § 551.073—Discussing prospective gift or donation to the City. § 551.076—Discussing deployment of security personnel or devices or security audit. Page 13 . 02/22/2022 Item AIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: City Secretary Account Code: Prepared By: Stephanie Storm Subject Consider, and act upon, approval of February 8, 2022 Regular City Council Meeting minutes. Recommendation I otion to approve Item as presented. Discussion The minutes are attached for your consideration. Financial Summary/Strategic Goals ommunity Focused Government 4 02/22/2022 Item A. Wylie City Council Regular Meeting lAiek I February 08,2022—6:00 PM IN Council Chambers -300 Country Club Road, Building#100,Wylie,Texas 75098 CITY OF WYLIE CALL TO ORDER Mayor Matthew Porter called the regular meeting to order at 6:00 p.m. The following City Council members were present: Councilman David R. Duke, Councilman Dave Strang, Mayor pro tern Jeff Forrester, Councilman Scott Williams, Councilman Timothy T.Wallis, and Councilman Garrett Mize. Staff present included: Interim City Manager Brent Parker; Assistant City Manager Renae 011ie; Police Chief Anthony Henderson; Fire Chief Brandon Blythe; Finance Director Melissa Beard; Parks and Recreation Director Rob Diaz; Public Information Officer Craig Kelly; Human Resource Director Lety Yanez; Senior Planner Kevin Molina; City Secretary Stephanie Storm; Purchasing Manager Glenna Hayes; EDC Executive Director Jason Greiner; and various support staff INVOCATION&PLEDGE OF ALLEGIANCE Mayor pro tern Forrester led the invocation,and Councilman Wallis led the Pledge of Allegiance. COMMENTS ON NON-AGENDA ITEMS Any member of the public may address Council regarding an item that is not listed on the Agenda. Members of the public must fill out a form prior to the meeting in order to speak. Council requests that comments be limited to three minutes for an individual, six minutes for a group. In addition, Council is not allowed to converse, deliberate or take action on any matter presented during citizen participation. Bruce Moilan addressed Council presenting a gavel to the City for use at Board and Commission meetings. Randy Lanoue addressed Council with concerns regarding a public hearing for a zoning change for 401 Keefer. CONSENT AGENDA All matters listed under the Consent Agenda are considered to be routine by the City Council and will be enacted by one motion. There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda and will be considered separately. A. Consider, and act upon, approval of January 25,2022 Regular City Council Meeting minutes. B. Consider, and act upon, authorizing the Interim City Manager to enter in an Interlocal Agreement with the Wylie Independent School District for the reimbursement for new tennis court lights at the shared tennis courts adjacent to Founders Park at Wylie High School. C. Consider, and act upon, Ordinance No. 2022-11 amending Ordinance No. 2021-43,which established the budget for fiscal year 2021-2022; providing for repealing, savings and severability clauses; and providing for an effective date of this ordinance. Page 11 5 02/22/2022 Item A. D. Consider, and act upon, the approval of the purchase of First Responder Uniforms, Accessories and Services from Galls LLC,Impact Promotional Services,LLC (dba Got You Covered Work Wear and Uniforms) and GT Distributors Inc. in the estimated annual amount of $80,000.00 through a cooperative purchasing contract with NCTCOG Shared Cooperative,and authorizing the Interim City Manager to execute any necessary documents. E. Consider,and act upon,a Final Plat,being an Amended Plat of Lot 1,Block A of Stone 2514 Addition on 1.276 acres located at 7940 E Parker Road. F. Consider, and act upon, a Preliminary Plat for Allen Addition, establishing seven residential lots on 1.8298 acres,located on the southwest corner of E.Brown Street and W.A.Allen Boulevard. G. Consider, and act upon, Resolution No. 2022-03(R) of the City Council of the City of Wylie, Collin, Dallas and Rockwall counties, Texas, ordering a General Election to be held on May 7, 2022, in the city of Wylie, Texas, for the purpose of electing the positions of two Council members (Place 1 and Place 3) of the Wylie City Council, to hold office for a period of three years; designating locations of polling places; designating filing deadlines; and ordering Notices of Election to be given as prescribed by law in connection with such election. H. Consider, and act upon, Resolution No. 2022-04(R) authorizing the Interim City Manager to execute a Joint General and Special Election Services Contract between the City of Wylie and the Collin County Elections Administrator to be administered by the Collin County Elections Administrator for the May 7,2022 Wylie General Election. I. Consider, and act upon,Resolution No. 2022-05(R) authorizing the Interim City Manager to execute a Joint Election Services Contract between the City of Wylie and the Dallas County Elections Administrator to be administered by the Dallas County Elections Administrator for the May 7, 2022 Wylie General Election. J. Consider,and act upon,Resolution No.2022-06(R)of the City of Wylie,Texas;authorizing the Interim City Manager to execute a five-year renewal of the Atmos Energy Corporation Franchise as adopted by Ordinance No. 2007-42 and providing for an effective date. Council Action A motion was made by Mayor pro tern Forrester, seconded by Councilman Williams, to approve the Consent Agenda as presented.A vote was taken and motion passed 7-0. REGULAR AGENDA 1. Tabled from 12-14-2021 Remove from table and consider Council Action A motion was made by Mayor pro tern Forrester, seconded by Councilman Duke, to remove Item 1 from the table to consider. A vote was taken and motion passed 7-0. Hold a Public Hearing to consider, and act upon, a request for a change of zoning from Commercial Corridor(CC)to Commercial Corridor Special Use Permit(CC-SUP),to allow for a restaurant with drive-through on 0.832 acres,property located at 2812 W FM 544(ZC 2021-24). Staff Comments Senior Planner Kevin Molina addressed Council stating the applicant has requested to withdraw this item from consideration. Page 12 6 02/22/2022 Item A. Public Hearing Mayor Porter opened the public hearing on Item 1 at 6:13 p.m. asking anyone present wishing to address Council to come forward. No person was present wishing to address Council. Mayor Porter closed the public hearing at 6:13 p.m. Council Action A motion was made by Councilman Strang, seconded by Councilman Mize,to accept the withdrawal of Item 1. A vote was taken and the motion passed 7-0. 2. Consider, and act upon, Resolution No. 2022-07(R) establishing a public newspaper of general circulation to be the"Official Newspaper"for the City of Wylie. Council Action A motion was made by Councilman Williams, seconded by Mayor pro tern Forrester, to approve Resolution No. 2022-07(R) establishing The Wylie News as the"Official Newspaper"of the City of Wylie. A vote was taken and the motion passed 7-0. 3. Consider,and act upon,Modification No.1 to PSPO#W2020-94-E Wylie Wastewater Treatment Plant Decommissioning Study in the amount of $79,550.00 for engineering services, bid documents and construction oversight for the demolition of the existing structures; and authorizing the Interim City Manager to sign any and all necessary documents. Council Action A motion was made by Councilman Wallis,seconded by Councilman Duke,to approve Item 3 as presented.A vote was taken and the motion passed 7-0. 4. Hold a Public Hearing on the adoption of the 2021 Edition of the International Building Code,the 2020 Edition of the National Electrical Code,the 2021 Edition of the International Plumbing Code,the 2021 Edition of the International Mechanical Code,the 2021 Edition of the International Residential Code,the 2021 Edition of the International Energy Conservation Code, the 2021 Edition of the International Existing Building Code,the 2021 Edition of the International Property Maintenance Code, and the 2021 Edition of the International Fuel Gas Code, the 2021 Edition of the International Fire Code. Staff Comments Interim City Manager Parker addressed Council stating Items 5-15 are the updated Building Codes for consideration, and this item is the public hearing for the Items. Plans Examiner Chris Montgomery addressed Council giving a brief overview of the Building Codes. Council Comments Mayor pro Forrester asked when the new Codes go into effect.Montgomery replied in March.Councilman Williams asked if the department saw any potential issues for the department with the new Codes. Montgomery replied he did not think so, but added each Code needs to be read carefully. He stated the Codes will help the City promote quality and safety, and the new Codes will affect new construction and remodels. Public Hearing Mayor Porter opened the public hearing on Item 4 at 6:32 p.m. asking anyone present wishing to address Council to come forward. Page 13 7 02/22/2022 Item A. Bruce Moilan, Construction Code Board member, addressed Council stating some of the changes including the vapor barrier, new types of homes now addressed, fire code updates, wind velocity changes, and added the new Codes will affect builders but are important for the City. Mayor Porter closed the public hearing at 6:32 p.m. Council Action No action was taken by Council on Item 4. 5. Consider, and act upon, Ordinance No. 2022-12 repealing Ordinance No. 2008-17; adopting the 2021 Edition of the International Building Code, save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Mayor pro tern Forrester, seconded by Councilman Strang,to approve Item 5 as presented. A vote was taken and the motion passed 7-0. 6. Consider, and act upon, Ordinance No. 2022-13 repealing Ordinance No. 2017-40; adopting the 2020 Edition of the National Electrical Code,save an except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses,providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Mayorpro tern Forrester,seconded by Councilman Williams,to approve Item 6 as presented. A vote was taken and the motion passed 7-0. 7. Consider, and act upon, Ordinance No. 2022-14 repealing Ordinance No. 2017-37; adopting the 2021 Edition of the International Plumbing Code, save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Mayorpro tern Forrester,seconded by Councilman Williams,to approve Item 7 as presented. A vote was taken and the motion passed 7-0. 8. Consider, and act upon, Ordinance No. 2022-15 repealing Ordinance No. 2017-36; adopting the 2021 Edition of the International Mechanical Code,save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Councilman Williams, seconded by Councilman Duke, to approve Item 8 as presented. A vote was taken and the motion passed 7-0. 9. Consider, and act upon, Ordinance No. 2022-16 repealing Ordinance No. 2017-39; adopting the 2021 Edition of the International Residential Code,save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Page 14 8 02/22/2022 Item A. Council Action A motion was made by Councilman Williams, seconded by Councilman Duke, to approve Item 9 as presented. A vote was taken and the motion passed 7-0. 10. Consider, and act upon, Ordinance No. 2022-17, repealing Ordinance No. 2017-34, adopting the 2021 Edition of the International Energy Conservation Code,save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings and severability clauses; providing for an effective date of this ordinance; and providing for the publication of the caption hereof. Council Action A motion was made by Councilman Williams, seconded by Mayor pro tem Forrester, to approve Item 10 as presented. A vote was taken and the motion passed 7-0. 11. Consider, and act upon,Ordinance No.2022-18, repealing Ordinance No.2018-13; adopting the 2021 Edition of the International Existing Building Code,save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Councilman Williams, seconded by Councilman Duke, to approve Item 11 as presented.A vote was taken and the motion passed 7-0. 12. Consider, and act upon, Ordinance No. 2022-19 repealing Ordinance No. 2018-14; adopting the 2021 Edition of the International Property Maintenance Code, save and except the deletions and amendments set forth herein;providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Mayor pro tern Forrester,seconded by Councilman Wallis,to approve Item 12 as presented. A vote was taken and the motion passed 7-0. 13. Consider, and act upon, Ordinance No. 2022-20 repealing Ordinance No. 2017-35; adopting the 2021 Edition of the International Fuel Gas Code, save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses, providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Councilman Williams, seconded by Councilman Wallis, to approve Item 13 as presented. A vote was taken and the motion passed 7-0. 14. Consider, and act upon, Ordinance No. 2022-21 repealing Ordinance No. 2017-41; adopting the 2021 Edition of the International Fire Code,save and except the deletions and amendments set forth herein; providing for a penalty for the violation of this ordinance; providing for repealing, savings, and severability clauses,providing for an effective date of this ordinance; and providing for the publication of the caption thereof. Council Action A motion was made by Councilman Williams, seconded by Councilman Wallis, to approve Item 14 as presented. A vote was taken and the motion passed 7-0. Page 15 9 02/22/2022 Item A. WORK SESSION Mayor Porter convened the Council into Work Session at 6:46 p.m. WS1. Discuss downtown projects and improvements with Wylie EDC Board and provide direction to staff. Mayor Porter stated the reason for the joint Work Session is to ensure the City and EDC are on the same page with various projects going on in the City. WEDC Board members present included Blake Brininstool, Demond Dawkins, Tim Gilchrist, and Gino Mulliqi. Council and EDC board members present had no issues with EDC and City staff working together for the railroad parking project and to explore Tax Increment Reinvestment Zones(TIRZs). Bob Heath addressed Council and stated he was in favor of the City and EDC working together. Mayor Porter convened the Council into a break at 7:16 p.m. Mayor Porter reconvened the Council into Work Session at 7:26 p.m. WS2. Presentation by the Police Department providing an overview of operations and current staffing. Police Chief Henderson addressed Council giving a presentation on the Police Department including the Mission, organizational chart, accomplishments, crime rate, calls for service, traffic stats, detention stats, mental health related calls, sworn personnel hiring versus attrition, and moving forward. WS3. Presentation providing an overview of the Animal Services. Police Chief Henderson addressed Council giving a presentation on the Animal Services Department including the accomplishments,programs and events, statistics, and planning for future growth. Council gave feedback on volunteers for the animal services department, appointments only hours, and additional information on long-term capital needs for the building and potential renovations. WS4. Discuss May 24,2022 City Council meeting date. Mayor Porter stated there is a conflict with the regularly scheduled May 24, 2022 City Council meeting and the ICSC Conference. Porter stated Council and EDC members and staff will be attending the conference; therefore, staff is recommending moving the Council meeting to May 31, 2022. Council gave direction to move the meeting to May 31,2022. RECONVENE INTO REGULAR SESSION Mayor Porter reconvened the Council into Regular Session at 8:22 p.m. READING OF ORDINANCES Title and caption approved by Council as required by Wylie City Charter,Article III, Section 13-D. City Secretary Storm read the captions to Ordinance Nos. 2022-11,2022-12,2022-13,2022-14,2022-15,2022-16, 2022-17, 2022-18,2022-19,2022-20, and 2022-21 into the official record. Page 16 10 02/22/2022 Item A. ADJOURNMENT A motion was made by Councilman Strang, seconded by Councilman Williams, to adjourn the meeting at 8:27 p.m. A vote was taken and motion passed 7-0. Matthew Porter,Mayor ATTEST: Stephanie Storm, City Secretary Page 7 11 02/22/2022 Item BIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: WEDC Account Code: Prepared By: Jason Greiner Subject Consider,and place on file,the monthly Revenue and Expenditure Report for the Wylie Economic Development Corporation as of January 31, 2022. Recommendation I otion to approve the Item as presented. Discussion he Wylie Economic Development Corporation (WEDC) Board of Directors approved the attached financials on February 17,2022. Financial Summary/Strategic Goals 12 02/22/2022 Item B. WYLIEECONOMIC January Rev/Exp Report DEVELOPMENT Account Summary For Fiscal: 2021-2022 Period Ending: 01/31/2022 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 111-4000-40210 SALES TAX 3,789,966.00 3,789,966.00 326,207.92 589,785.58 -3,200,180.42 84.44% 111-4000-46110 ALLOCATED INTEREST EARNINGS 6,000.00 6,000.00 0.00 536.22 -5,463.78 91.06% 111-4000-48110 RENTAL INCOME 132,240.00 132,240.00 24,455.00 36,495.00 -95,745.00 72.40% 111-4000-48410 MISCELLANEOUS INCOME 0.00 0.00 1,035.00 1,044.96 1,044.96 0.00% 111-4000-48430 GAIN/(LOSS)SALE OF CAP ASSETS 2,601,116.00 2,601,116.00 0.00 0.00 -2,601,116.00 100.00% 111-4000-49325 BANK NOTE PROCEEDS 0.00 8,108,000.00 0.00 8,108,000.00 0.00 0.00% Revenue Total: 6,529,322.00 14,637,322.00 351,697.92 8,735,861.76 -5,901,460.24 40.32% Expense 111-5611-51110 SALARIES 286,558.00 286,558.00 18,902.80 76,828.21 209,729.79 73.19% 111-5611-51140 LONGEVITY PAY 729.00 729.00 0.00 724.00 5.00 0.69% 111-5611-51310 TMRS 44,530.00 44,530.00 2,929.92 12,080.24 32,449.76 72.87% 111-5611-51410 HOSPITAL&LIFE INSURANCE 49,304.00 49,304.00 3,129.42 10,209.62 39,094.38 79.29% 111-5611-51420 LONG-TERM DISABILITY 1,707.00 1,707.00 0.00 0.00 1,707.00 100.00% 111-5611-51440 FICA 18,623.00 18,623.00 1,047.35 4,382.58 14,240.42 76.47% 111-5611-51450 MEDICARE 4,355.00 4,355.00 244.94 1,024.92 3,330.08 76.47% 111-5611-51470 WORKERS COMP PREMIUM 378.00 378.00 0.00 351.92 26.08 6.90% 111-5611-51480 UNEMPLOYMENT COMP(TWC) 1,080.00 1,080.00 505.70 505.70 574.30 53.18% 111-5611-52010 OFFICE SUPPLIES 5,000.00 5,000.00 761.76 1,437.10 3,562.90 71.26% 111-5611-52040 POSTAGE&FREIGHT 300.00 300.00 0.00 0.00 300.00 100.00% 111-5611-52810 FOOD SUPPLIES 6,100.00 6,100.00 73.52 2,155.00 3,945.00 64.67% 111-5611-54610 FURNITURE&FIXTURES 2,500.00 2,500.00 7,569.50 7,569.50 -5,069.50 -202.78% 111-5611-54810 COMPUTER HARD/SOFTWARE 5,500.00 5,500.00 0.00 0.00 5,500.00 100.00% 111-5611-56030 INCENTIVES 1,043,973.00 1,043,973.00 23,721.77 23,721.77 1,020,251.23 97.73% 111-5611-56040 SPECIAL SERVICES 118,156.00 297,156.00 7,064.38 124,861.03 172,294.97 57.98% 111-5611-56080 ADVERTISING 129,100.00 129,100.00 2,067.56 14,363.60 114,736.40 88.87% 111-5611-56090 COMMUNITY DEVELOPMENT 52,050.00 52,050.00 2,132.45 16,193.23 35,856.77 68.89% 111-5611-56110 COMMUNICATIONS 6,400.00 6,400.00 399.23 1,350.55 5,049.45 78.90% 111-5611-56180 RENTAL 27,000.00 27,000.00 2,250.00 9,000.00 18,000.00 66.67% 111-5611-56210 TRAVEL&TRAINING 74,600.00 74,600.00 3,828.44 18,392.26 56,207.74 75.35% 111-5611-56250 DUES&SUBSCRIPTIONS 39,810.00 39,810.00 6,986.24 39,738.73 71.27 0.18% 111-5611-56310 INSURANCE 6,303.00 6,303.00 0.00 5,155.01 1,147.99 18.21% 111-5611-56510 AUDIT&LEGAL SERVICES 33,000.00 33,000.00 0.00 5,154.00 27,846.00 84.38% 111-5611-56570 ENGINEERING/ARCHITECTURAL 87,500.00 87,500.00 2,192.55 21,942.55 65,557.45 74.92% 111-5611-56610 UTILITIES-ELECTRIC 2,400.00 2,400.00 147.60 453.20 1,946.80 81.12% 111-5611-57410 PRINCIPAL PAYMENT 694,127.33 5,403,249.03 26,046.47 4,789,485.13 613,763.90 11.36% 111-5611-57415 INTEREST EXPENSE 315,135.79 326,452.12 24,002.53 84,209.05 242,243.07 74.20% 111-5611-58110 LAND-PURCHASE PRICE 0.00 3,718,392.59 460,719.15 3,709,111.74 9,280.85 0.25% 111-5611-58210 STREETS&ALLEYS 2,175,000.00 2,425,000.00 0.00 0.00 2,425,000.00 100.00% 111-5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 -470,719.15 -3,709,111.74 3,709,111.74 0.00% Expense Total: 5,231,219.12 14,099,049.74 126,004.13 5,271,288.90 8,827,760.84 62.61% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 -543.65% Report Surplus(Deficit): 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 -543.65% 2/9/2022 11:24:03 AM Page 1 of 3 13 02/22/2022 Item B. Budget Report For Fiscal:2021-2022 Period Ending:01/31/2022 Group Summary Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 6,529,322.00 14,637,322.00 351,697.92 8,735,861.76 -5,901,460.24 40.32% Revenue Total: 6,529,322.00 14,637,322.00 351,697.92 8,735,861.76 -5,901,460.24 40.32% Expense 5,231,219.12 14,099,049.74 126,004.13 5,271,288.90 8,827,760.84 62.61% Expense Total: 5,231,219.12 14,099,049.74 126,004.13 5,271,288.90 8,827,760.84 62.61% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 -543.65% Report Surplus(Deficit): 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 -543.65% 2/9/2022 11:24:03 AM Page 2 of 3 ■ 02/22/2022 Item B. Budget Report For Fiscal:2021-2022 Period Ending:01/31/2022 Fund Summary Variance Original Current Period Fiscal Favorable Fund Total Budget Total Budget Activity Activity (Unfavorable) 111-WYLIE ECONOMIC DEVEL COR 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 Report Surplus(Deficit): 1,298,102.88 538,272.26 225,693.79 3,464,572.86 2,926,300.60 15 02/22/2022 Item B. Wylie Economic Development Corporation Statement of Net Position As of January 31, 2022 Assets Cash and cash equivalents $ 3,365,244.58 Receivables $ 60,000.00 Note 1 Inventories $ 16,144,381.44 Prepaid Items $ - Total Assets $ 19,569,626.02 Deferred Outflows of Resources Pensions $ 75,630.55 Total deferred outflows of resources $ 75,630.55 Liabilities Accounts Payable and other current liabilities $ 7,910.64 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 253,091.96 Note 3 Due in more than one year $ 8,187,633.93 Total Liabilities $ 8,449,836.53 Deferred Inflows of Resources Pensions $ (45,385.41) Total deferred inflows of resources $ (45,385.41) Net Position Net investment in capital assets $ - Unrestricted $ 11,150,034.63 Total Net Position $ 11,150,034.63 Note 1: Includes incentives in the form of forgivable loans for$60,000(LUV-ROS) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$32,301 16 02/22/2022 Item B. WYLI E EDEVELOPMENT Balance Sheet Account Summary As Of 01/31/2022 Account Name Balance Fund:111-WYLIE ECONOMIC DEVEL CORP Assets 111-1000-10110 CLAIM ON CASH AND CASH EQUIV. 3,367,357.24 111-1000-10115 CASH-WEDC-INWOOD 0.00 111-1000-10135 ESCROW 0.00 111-1000-10180 DEPOSITS 2,000.00 111-1000-10198 OTHER-MISC CLEARING 0.00 111-1000-10341 TEXPOOL 0.00 111-1000-10343 LOGIC 0.00 111-1000-10481 INTEREST RECEIVABLE 0.00 111-1000-11511 ACCTS REC-MISC 0.00 111-1000-11517 ACCTS REC-SALES TAX 0.00 111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 111-1000-12996 LOAN RECEIVABLE 0.00 111-1000-12997 ACCTS REC-JTM TECH 0.00 111-1000-12998 ACCTS REC-FORGIVEABLE LOANS 60,000.00 111-1000-14112 INVENTORY-MATERIAL/SUPPLY 0.00 111-1000-14116 INVENTORY-LAND&BUILDINGS 16,144,381.44 111-1000-14118 INVENTORY-BAYCO/SAN D E N B LV D 0.00 111-1000-14310 PREPAID EXPENSES-MISC 0.00 111-1000-14410 DEFERRED OUTFLOWS 893,367.00 Total Assets: 20,467,105.68 20,467,105.68 Liability 111-2000-20110 FEDERAL INCOME TAX PAYABLE 0.00 111-2000-20111 MEDICARE PAYABLE 0.00 111-2000-20112 CHILD SUPPORT PAYABLE 0.00 111-2000-20113 CREDIT UNION PAYABLE 0.00 111-2000-20114 IRS LEVY PAYABLE 0.00 111-2000-20115 NATIONWIDE DEFERRED COMP 0.00 111-2000-20116 HEALTH INSUR PAY-EMPLOYEE 3,932.78 111-2000-20117 TMRS PAYABLE 4,253.13 111-2000-20118 ROTH IRA PAYABLE 0.00 111-2000-20119 WORKERS COMP PAYABLE 0.00 111-2000-20120 FICA PAYABLE 0.00 111-2000-20121 TEC PAYABLE 0.00 111-2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 111-2000-20123 ALIMONY PAYABLE 0.00 111-2000-20124 BANKRUPTCY PAYABLE 0.00 111-2000-20125 VALIC DEFERRED COMP 0.00 111-2000-20126 ICMA PAYABLE 0.00 111-2000-20127 EMP.LEGAL SERVICES PAYABLE 0.00 111-2000-20130 FLEXIBLE SPENDING ACCOUNT 3,249.92 111-2000-20131 EDWARD JONES DEFERRED COMP 0.00 111-2000-20132 EMP CARE FLITE 12.00 111-2000-20133 Unemployment Comp Payable 505.70 111-2000-20151 ACCRUED WAGES PAYABLE 0.00 111-2000-20180 ADDIT EMPLOYEE INSUR PAY 210.24 111-2000-20199 MISC PAYROLL PAYABLE 0.00 111-2000-20201 AP PENDING 0.00 111-2000-20210 ACCOUNTS PAYABLE 0.00 111-2000-20530 PROPERTY TAXES PAYABLE 0.00 111-2000-20540 NOTES PAYABLE 893,367.00 111-2000-20810 DUE TO GENERAL FUND 0.00 2/9/2022 11:19:55 AM Page 1 of 3 17 02/22/2022 Item B. Balance Sheet As Of 01/31/2022 Account Name Balance 111-2000-22270 DEFERRED INFLOW 0.00 111-2000-22275 DEF INFLOW-LEASE PRINCIPAL 0.00 L_111-2000-22280 DEFERRED INFLOW-LEASE INT 0.00 111-2000-22915 RENTAL DEPOSITS 1,200.00 Total Liability: 906,730.77 Equity 111-3000-34110 FUND BALANCE-RESERVED 0.00 111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 16,095,802.05 Total Beginning Equity: 16,095,802.05 Total Revenue 8,735,861.76 Total Expense 5,271,288.90 Revenues Over/Under Expenses 3,464,572.86 Total Equity and Current Surplus(Deficit): 19,560,374.91 Total Liabilities,Equity and Current Surplus(Deficit): 20,467,105.68 2/9/2022 11:19:55 AM Page 2 of 3 ■ 02/22/2022 Item B. Balance Sheet As Of 01/31/2022 Account Name Balance Fund:922-GEN LONG TERM DEBT(WEDC) Assets _22-1000-10312 GOVERNMENT NOTES 0.00 922-1000-18110 LOAN-WEDC 0.00 922-1000-18120 LOAN-BIRMINGHAM 0.00 922-1000-18210 AMOUNT TO BE PROVIDED 0.00 922-1000-18220 BIRMINGHAM LOAN 0.00 922-1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 39,535.29 922-1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 3,027.00 922-1000-19075 DEF OUTFLOW-INVESTMENT EXP -37,953.52 922-1000-19100 DEF OUTFLOW-ACT EXP/ASSUMP 71,021.78 922-1000-19125 (GAIN)/LOSS ON ASSUMPTION CHGS -44,574.41 922-1000-19126 DEF INFLOW SDBF CONTRIBUTIONS -811.00 Total Assets: 30,245.14 30,245.14 Liability 922-2000-20310 COMPENSATED ABSENCES PAYABLE 0.00 922-2000-20311 COMP ABSENCES PAYABLE-CURRENT 32,300.82 922-2000-21410 ACCRUED INTEREST PAYABLE 9,604.44 922-2000-28205 WEDC LOANS/CURRENT 211,186.70 922-2000-28220 BIRMINGHAM LOAN 0.00 922-2000-28230 INWOOD LOAN 0.00 922-2000-28232 ANB LOAN/EDGE 0.00 922-2000-28233 ANB LOAN/PEDDICORD WHITE 0.00 922-2000-28234 ANB LOAN/RANDACK HUGHES 0.00 922-2000-28235 ANB LOAN 0.00 922-2000-28236 ANB CONSTRUCTION LOAN 0.00 922-2000-28237 ANB LOAN/WOODBRIDGE PARKWAY 0.00 922-2000-28238 ANB LOAN/BUCHANAN 0.00 922-2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 922-2000-28240 HUGHES LOAN 0.00 922-2000-28242 ANB LOAN/HWY 78:STH ST REDEV 0.00 922-2000-28245 ANB LOAN/DALLAS WHIRLPOOL 0.00 922-2000-28246 GOVCAP LOAN/KIRBY 7,846,537.60 922-2000-28247 JARRARD LOAN 144,081.16 922-2000-28250 CITY OF WYLIE LOAN 0.00 922-2000-28260 PRIME KUTS LOAN 0.00 922-2000-28270 BOWLAND/ANDERSON LOAN 0.00 922-2000-28280 CAPITAL ONE CAZAD LOAN 0.00 922-2000-28290 HOBART/COMMERCE LOAN 0.00 922-2000-29150 NET PENSION LIABILITY 185,989.17 922-2000-29151 SDBF LIABILITY 11,026.00 Total Liability: 8,440,725.89 Equity 922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -4,971,701.88 922-3000-35900 UNRESTRICTED NET POSITION -120,264.00 Total Beginning Equity: -5,091,965.88 Total Revenue -8,108,000.00 Total Expense -4,789,485.13 Revenues Over/Under Expenses -3,318,514.87 Total Equity and Current Surplus(Deficit): -8,410,480.75 Total Liabilities,Equity and Current Surplus(Deficit): 30,245.14 2/9/2022 11:19:55 AM Page 3 of 3 19 02/22/2022 Item B. Wylie Economic Development Corporation SALES TAX REPORT January 31, 2022 BUDGETED YEAR DIFF % DIFF MONTH FY 2019 FY 2020 FY 2021 FY 2022 21 vs. 22 21 vs. 22 DECEMBER $ 214,867.15 $ 226,663.94 $ 235,381.33 $ 263,577.66 $ 28,196.33 11.98% JANUARY $ 223,749.61 $ 218,520.22 $ 262,263.52 $ 326,207.92 $ 63,944.40 24.38% FEBRUARY $ 307,366.66 $ 362,129.18 $ 456,571.35 $ - $ - 0.00% MARCH $ 208,222.32 $ 228,091.34 $ 257,187.91 $ - $ - 0.00% APRIL $ 182,499.53 $ 203,895.57 $ 221,881.55 $ - $ - 0.00% MAY $ 274,299.18 $ 289,224.35 $ 400,371.70 $ - $ - 0.00% JUNE $ 234,173.88 $ 239,340.35 $ 290,586.92 $ - $ - 0.00% JULY $ 215,107.94 $ 296,954.00 $ 314,559.10 $ - $ - 0.00% AUGUST $ 283,602.93 $ 325,104.34 $ 390,790.76 $ - $ - 0.00% SEPTEMBER $ 243,048.40 $ 259,257.89 $ 307,681.15 $ - $ - 0.00% OCTOBER $ 224,875.38 $ 249,357.02 $ 326,382.38 $ - $ - 0.00% NOVEMBER $ 308,324.41 $ 384,953.89 $ 411,813.32 $ - $ - 0.00% Sub-Total $ 2,920,137.37 $ 3,283,492.09 $ 3,875,470.98 $ 589,785.59 $ 92,140.74 18.18% Total $ 2,920,137.37 $ 3,283,492.09 $ 3,875,470.98 $ 589,785.59 $ 92,140.74 18.18% WEDC Sales Tax Analysis $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 2021 ■2022 $200,000 $150,000 $100,000 $50,000 $0 sec ate acA �r t� aJ �e J\J Jy� No oet sec oe`e� ,a�J �e�tJ �a QQ �� PJpo Q`e� `,`o o e� O 4 5e "`Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months. Example:January SIsTx Revenue is actually November SIsTx and is therefore the 2nd allocation in FY22. 20 02/22/2022 Item CIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Finance Account Code: Prepared By: Melissa Beard Subject Consider, and act upon, the City of Wylie Monthly Revenue and Expenditure Report for January 31, 2022. Recommendation I otion to accept and place on file as presented. Discussion he Finance Department has prepared the attached reports for the City Council as required by the City Charter. Financial Summary/Strategic Goals 21 02/22/2022 Item C. CITY OF WYLIE MONTHLY FINANCIAL REPORT January 31,2022 ANNUAL I CURRENT YTD ACTUAL Benchmark BUDGET MONTH ACTUAL YTD ACTUAL AS A PERCENT 33.33% ACCOUNT DESCRIPTION 2021-2022 2021-2022 2021-2022 OF BUDGET GENERAL FUND REVENUE SUMMARY TAXES 35,752,468 7,157,054 26,034,474 72.82% A FRANCHISE FEES 2,896,800 0 406,970 14.05% B LICENSES AND PERMITS 1,079,430 95,429 497,193 46.06% C INTERGOVERNMENTAL REV. 2,128,034 399,817 735,281 34.55% D SERVICE FEES 4,008,588 303,296 937,371 23.38% E COURT FEES 248,950 26,167 108,370 43.53% F INTEREST INCOME 25,000 1,816 6,264 25.06% MISCELLANEOUS INCOME 177,500 54,115 101,133 56.98% OTHER FINANCING SOURCES 2,488,645 7,857 5,481,715 220.27% G REVENUES 48,805,415 8,045,551 34,308,770 70.30% USE OF FUND BALANCE 0 0 0 0.00% USE OF CARRY-FORWARD FUNDS 1,432,653 NA NA NA H TOTAL REVENUES 50,238,068 8,045,551 34,308,770 68.29% GENERAL FUND EXPENDITURE SUMMARY CITY COUNCIL 97,257 2,516 20,071 20.64% CITY MANAGER 1,530,491 62,915 524,689 34.28% CITY SECRETARY 406,030 28,717 113,057 27.84% CITY ATTORNEY 170,000 39,415 77,499 45.59% FINANCE 1,310,547 96,294 579,119 44.19% J FACILITIES 992,608 82,280 232,012 23.37% MUNICIPAL COURT 565,012 31,429 124,773 22.08% HUMAN RESOURCES 697,062 74,989 241,524 34.65% PURCHASING 301,619 22,358 66,015 21.89% INFORMATION TECHNOLOGY 2,061,120 90,231 777,335 37.71% K POLICE 12,184,388 896,876 3,523,855 28.92% FIRE 11,827,249 758,541 3,199,793 27.05% EMERGENCY COMMUNICATIONS 2,167,007 189,616 739,500 34.13% L ANIMAL CONTROL 615,270 29,493 125,372 20.38% PLANNING 332,648 22,878 94,035 28.27% BUILDING INSPECTION 608,579 42,902 170,078 27.95% CODE ENFORCEMENT 266,176 17,737 69,473 26.10% STREETS 5,169,688 178,989 927,833 17.95% PARKS 2,907,759 166,107 651,038 22.39% LIBRARY 2,210,500 141,017 592,762 26.82% COMBINED SERVICES 11,234,730 327,572 7,520,262 66.94% M TOTAL EXPENDITURES 57,655,740 3,302,872 20,370,095 35.33% REVENUES OVER/(UNDER)EXPENDITURES -7,417,672 4,742,679 13,938,675 32.96% A.Property Tax Collections for FY21-22 as of December 31,2021 are 88%,in comparison to FY20-21 for the same time period of 89%. Sales tax is on a 2 month lag and only two months have been received.Sales tax is up 24%from January 2021 and 15.6%fiscal YTD. B.Franchise Fees:The majority of franchise fees are recognized in the third and fourth quarter with electric fees making up the majority. C.Licenses and Permits: New Dwelling Permits are up 200%from January YTD 2021 due to the new fee structure. D.Intergovernmental Rev: The majority of intergovernmental revenues come from WISD reimbursements and Fire Services which are billed quarterly. E.Service Fees:Trash fees are on a one month lag and only two months have been received.The remaining fees are from other seasonal fees. F.Court Fees are up 62%from January YTD 2021 which is a continuation of the increasing trend in fines. G.Yearly transfer from Utility Fund and$3 million from sale of 802 Kirby. H.Largest Carry Forward items:Department Software Solution$220,870,Rowlett Creek Dam Improvements$110,000.Stone Road Rehab Project$615,000 I.City Manager severance payment J.Annual Audit expense K.Annual Software Maintenance Agreements L.Joint Radio System annual fee of$142k. M.$6.2 million transfer to Community Investment Fund. 22 02/22/2022 Item C. CITY OF WYLIE MONTHLY FINANCIAL REPORT January 31,2022 ANNUAL CURRENT YTD ACTUAL Benchmark BUDGET MONTH ACTUAL YTD ACTUAL AS A PERCENT 33.33% ACCOUNT DESCRIPTION 2021-2022 2021-2022 2021-2022 OF BUDGET UTILITY FUND REVENUES SUMMARY SERVICE FEES 25,091,934 1,923,476 6,130,429 24.43% N INTEREST INCOME 8,500 839 3,493 41.09% MISCELLANEOUS INCOME 70,000 1,210 5,140 7.34% OTHER FINANCING SOURCES 31,841 4,803 36,644 100.00% 0 REVENUES 25,202,275 1,930,328 6,175,706 24.50% USE OF FUND BALANCE 0 NA 0 0 USE OF CARRY-FORWARD FUNDS 2,758,010 NA NA NA P TOTAL REVENUES 27,960,285 NA 6,175,706 22.09% UTILITY FUND EXPENDITURE SUMMARY UTILITY ADMINISTRATION 1,557,634 89,555 318,775 20.47% UTILITIES-WATER 4,318,234 144,536 492,473 11.40% UTILITIES-SEWER 1,347,034 124,969 336,803 25.00% UTILITY BILLING 1,320,916 70,592 291,836 22.09% COMBINED SERVICES 15,821,748 935,295 7,081,634 44.76% Q TOTAL EXPENDITURES 24,365,566 1,364,947 8,521,521 34.97% REVENUES OVERI(UNDER)EXPENDITURES 3,594,719 565,382 -2,345,815 -12.89% N.Most Utility Fund Revenue is on a one month lag and only two months have been received. O.Insurance recoveries for damage to Newport Harbor Pump Station P.Largest Carry Forward items: Department Software Solutions$150,300,Pump Station Backup Generators$1.8M and FM 2514 Waterline Relocation Construction$625,000. Q.Annual transfer to the General Fund of$2.4 million. Other expenses are payments to NTMWD for water minimum and sewer treatment. 23 02/22/2022 Item DIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Finance Account Code: Prepared By: Melissa Beard Subject Consider, and place on file,the City of Wylie Monthly Investment Report for January 31, 2022. Recommendation I otion to accept and place on file as presented. Discussion he Finance Department has prepared the attached reports for the City Council as required by the City Charter. Financial Summary/Strategic Goals 24 02/22/2022 Item D. City Of Wylie 2021-2022 Investment Report January 31,2022 Money Market Accounts: MMA Certificates of Deposit: CCD Treasury Bills: T-Bills Treasury Notes: T-Notes Government Agency Notes: AN Invest. Principal Type Of Interest Purchase Maturity Number Amount Security Rate Issuer Date Date 1 $15,402,986.42 MMA 0.0381% Texpool 12/31/2006 NA 2 $15,948,842.62 MMA 0.0100% TexStar 3/15/2011 NA $31,351,829.04 Total Weighted Average Coupon: 0.0238% Money Markets: $31,351,829.04 Weighted Average Maturity(Days): 1.00 Certificates of Deposits: $0.00 $31,351,829.04 Weighted Average Coupon 0.2500% 0.2000% 0.1500% 0.1000% 0.0500% • • ♦ 0.0000% Jan 2021 Feb 2021 Mar 2021 April 2021 May 2021 June 2021 July 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021 Jan 2022 Finance Director/Investment Officer 25 02/22/2022 Item EIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Finance Account Code: See Exhibit A Prepared By: Melissa Beard/Jason Greiner Subject Consider, and act upon, Ordinance No. 2022-22 amending Ordinance No. 2021-43, which established the budget for fiscal ear 2021-2022; providing for repealing, savings and severability clauses; and providing for an effective date of this ordinance. Recommendation I otion to approve Item as presented. Discussion The WEDC amendments detailed below adjust the budget to account for items that were either anticipated to occur in FY 21 but were delayed or need to be amended following Board direction on projects and real estate transactions for FY 22. Expenses 111-5611-56040 Special Services Tree Removal State Hwy 78/Brown $ 49,800 State Hwy 78/Brown Waterline $1,479,200 Additional Design Engineering $ 29,140 NTMWD Inspection Cost $ 107,200 111-5611-58110 Land-Purchase Price Additional Properties $ 265,000 111-5611-56570 Engineering&Architecture State Hwy 78/Alanis Flood Study $ 63,500 Hooper/Steel Flood Study $ 38,300 Financial Summary/Strategic Goals he overall effect of this amendment is to increase the WEDC budget by$2,032,140 which will reduce the fund balance by he same amount. 26 02/22/2022 Item E. ORDINANCE NO. 2022-22 AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING ORDINANCE NO. 2021-43, WHICH ESTABLISHED THE BUDGET FOR FISCAL YEAR 2021-2022; REPEALING ALL CONFLICTING ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City Council heretofore adopted Ordinance No.2021-43 setting forth the Budget for Fiscal Year 2021-2022 beginning October 1,2021, and ending September 30,2022; and, WHEREAS, the City Departments and Divisions routinely review their budget appropriations to determine if any changes are necessary; and WHEREAS,based upon said review the City staff now recommends that certain amendments to the Budget be considered by the City Council; see Exhibit A; and, WHEREAS,the City Council has the authority to make amendments to the City Budget under Article VII, Section 4 of the City Charter,as well as State law; and, WHEREAS, the City Council has determined that the proposed amendments to the FY 2021-2022 Budget; see Exhibit A, with the revenues and expenditures therein contained, is in the best interest of the City; and therefore, desires to adopt the same by formal action. NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF WYLIE,TEXAS: SECTION I: The proposed amendments to the FY 2021-2022 Budget of the City of Wylie; Exhibit A, as heretofore adopted by Ordinance No. 2022-22, are completely adopted and approved as amendments to the said FY 2021-2022 Budget. SECTION II: All portions of the existing FY 2021-2022 Budget and Ordinance No. 2021-43, except as specifically herein amended, shall remain in full force and effect, and not be otherwise affected by the adoption of the amendatory ordinance. SECTION III: Should any paragraph, sentence, sub-division, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional,illegal or invalid,the same shall not affect the validity of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be invalid, illegal, or unconstitutional. SECTION IV: This ordinance shall be in full force and effect from and after its adoption by the City Council and publication of its caption as the law and the City Charter provide in such cases. SECTION V: That all other ordinances and code provisions in conflict herewith are hereby repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code not in conflict herewith shall remain in full force and effect. SECTION VI: The repeal of any ordinance, or parts thereof,by the enactment of the Ordinance, shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue, Ordinance No.2022-22 Budget Amendment FY 2021-2022(WEDC) Page 1 of 2 27 02/22/2022 Item E. nor as affecting any rights of the municipality under any section or provision of any ordinances at the time of passage of this ordinance. DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 22nd day of February,2022. Matthew Porter,Mayor ATTEST: Stephanie Storm,City Secretary Ordinance No.2022-22 Budget Amendment FY 2021-2022(WEDC) Page 2 of 2 ■ 02/22/2022 Item E. Budget Amendment Exhibit A WEDC - Land Purchase and Waterline Relocation Fund Department Account Number Account Description Debit Credit 111 5611 56040 Special Services 1,665,340.00 111 5611 56570 Engineering&Architecture 101,800.00 111 5611 58110 Land-Purchase Price 265,000.00 2,032,140.00 0.00 29 02/22/2022 Item FIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Library Account Code: Prepared By: Ofilia Barrera Subject Consider, and act upon, accepting a donation to the City in the amount of$5,779 from the Catholic Foundation of the Estate of Rita and Truett Smith. Recommendation I otion to accept Item as presented. Discussion The Catholic Foundation of the Estate of Rita and Truett Smith have made a donation to the library to replace furniture in the Conference Room. If the donation is accepted by the City Council, the revenue will be added to the FY21- 22 General Fund budget with the midyear amendment. Any expenditures of the library relative to this donation will also be budgeted at that time. Per Ordinance No. 2005-57, the City Council must approve any donation with a value exceeding$5,000.00. Staff recommends acceptance of the donation. Financial Summary/Strategic Goals dding these funds to the library budget will allow us to purchase new furniture for the benefit of our patrons. .trategic Goals: Financial Health, Community Focused Government 30 02/22/2022 Item G. IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Planning Account Code: Prepared By: Jasen Haskins,AICP Subject Consider,and act upon,a Final Plat,being a Replat of Lots 26R-1 &26R-2,Block 2 of Brown and Burns Addition,establishing two lots on 0.603 acres,located on the northeast corner of N. Jackson Avenue and Jefferson Street. Recommendation I otion to approve Item as presented. Discussion OWNER: Wylie Bible Church of Texas APPLICANT: Roome Land Surveying The applicant has submitted a Replat to create Lots 26R-1 and 26R-2,Block 2 of Brown and Burns Addition. The property is located on the northeast corner of N. Jackson Avenue and Jefferson Street. The land is zoned Downtown Historic District (DTH). The entire property currently contains the Wylie Bible Church. The purpose of the plat is to subdivide the existing lot into two lots for marketing purposes. DTH zoning allows for zero lot lines and the existing buildings and proposed property lines meet those requirements. This plat is dedicating 5' of Right of Way for the future expansion of Jackson Avenue. The plat is technically correct and abides by all aspects of the City of Wylie Subdivision Regulations. Approval is subject to additions and alterations as required by the City Engineering Department. For conditional approval or disapproval City Council must provide a written statement of the reasons to the applicant in accordance with Article 212, Section 212.0091 of the Texas Local Gov't Code. P&Z Commission Discussion The Commission voted 5-0 to recommend approval. Financial Summary/Strategic Goals I'lanning Management 31 02/22/2022 Item G. OWNERS CERTIFICATION 5'FVEMRS CERTIFICATE PI STATE OF TEXAS § COUNTY OF COLLIN $ STATE OF TEXAS § KNOW ALL MEN BY THESE PRESENT_ COUNTY OF COLLIN §ill--+-E THAT I.F.E.Bemenderler Jr I prepared this amending plat from an octo I WHEREAS Wylie Bible Church a INC,is e State o s,CounCountyof Collin and City survey on the land and that the corner monments shown thereon were lound and/or property of Wylie, under y supervision in accordance wen a applicable codes and ordinances of the y of us (lorded nin Volume 2013 g 464,o the Plat Records of Collin County Texas.2wth sale p ises being more e particularly described Wylie u r m su ery iM1 follows: BEGINNING al a,S/6'� intersection of the south right-of-cagy lane of o bel Street70 or wa a NOT FOR RECORDING the eastrght o y e o North dockson Avenue(]0 tright-of-way).rho g e northwestr al Lot 26ft said premises, F.E.B le oR.P..S 40E1 ryF DER FER R P[ out right-of-way in u 451 �y ® JCBpC SA R'ac the northeast cor set for corner ner of Lath26RM1 in the ntersection pntl of said i the sou.premises, right-of-way e of Jefferson Street one the west line of 0 20 y, o g 4s;T PR.CI. PR.CCI. I1 BPg,sl 'a THENCE with the west line of sod 20 olley and the eost line of Lot 26R.South 00'32.1T west,21000 feet r -- t ACIWOWI FBGFMFNT Records of Collin County s,the southeast comer of Lot 26ft and of said premises,from wncM1 u1/2}„n and bears South 06-62'17T West,1.91 feet, STATE OF TEXAS § THENCE with the no.line al Lot 23 and the south line of 26R,North Bg'4.,West.125.00 feet to a 1/2"iron rod found COUNTY OF COLLIN @ Jefferson Street 26ft o"d of said premises.9nl-al-cagy hie oI Nonn ackzon av ue ma king Inc northwest comer of LOI 23,the southwest comer oI Lat BEFORE ME,t he person o e F_6 Bemenaerler J foregoing c instmment,who (]0',Rgh1-ol-Way) d to me that the some was executed teA for e purposes and consideration therein THENCE h the east right-of-way line of North Jackson Avenue and the west line of Lot 26R, 0.00 feet expressed. to Ihe place of tht-.-wa a g 26,25''grossOuare feet alon square feel or OI''2 acres dedicated to right-ol-way for x..1ock.on Street,Ie vingp 25,200 enet square tees or 05]B of acre.of Iantl- S89`48'40"F 125.00' 8257 UNDER MY HAND AND SEAL OF OFFICE,this the y 2022. - 1 Mw k ,ZE.ocgt�_sy - __ h r P° TeX'rar I tr wBn 'I.Pg.r24 OWNERS DEDICATION AND ACKNOWLEDGEMENT Noea2toteeLic in x LOT _ P'P...!. Printed Name STATE OF TEXAS § e`Af29 COUNTY of COLIN § VW. Pa.89 J61, NOW THEREFORE KNOW ALL MEN BY THESE PRESENTS: _- o,Wylie Bible Church of Teas.INC,to o e tloe b adopt designated therein above described property s p o of "Recommended for pp aI Brawn and Burns Additions 26R-I&26ft-2,Black 2.an s plot tCity a e.Texas,a simple. aac.c 1. ? abr"�P provements shown thereon.ITe streets and alleys,if any,ore dedicated f rights-ofhe public use forever,the streets, -public e other public mdedca public n nxsselu N. PP.G.C.]. tle'ngzu nr 9ro ning'Id Z ning C mmiss�an pale y eras wiI d - __ City o accommodation on p desiring to "� - W B(ac using afth y some es use thereof the easement limits the use t p bcuIar utilities,said use by public utilities f being approved tot public's and Cit of W I I. _ LOT 26R-1 eft.89 J62. e City af Wylie and public utilities entities ar other improvements or gmwths ^9ppoved far canetmaan I. -- ce.so.o nOn 8 shrubs nn may an any w efficiency ha.the right to remove and keep removed oll or ports.ony building.f ' { meters,and adding a rem g parts of Thew re peoov systems the necessity y' p g pe sso o yr,City of Wylie,Texas Dole 1'rtot 16,Block 2 i a Y e_ eo o respective =st eV PRecT_ _ ¢ PR-t This plat approved subject to all platting ordinances,rules.regulations and resolutions al the City of Wylie.Texas. ,„ptee Lot I.etocie 8 1 N SITNE$S,my hand,this the____ y a 2022. PRCCI. PR ! Matthew Cagle(Owner) Mayor,City of Wylie,Texas Dole I o'— rsignee the City Secretory o e Cry o w e ems,he.e O e res oregeing I s,, Replatof Brown and Burns Addition Lots 26R-I&26R-2,Black 2, the City of tWyie was .II,Pg.I51, submitted to the City Council on the day of ,2022,and.e Council,,then and there accepted the tion Of Streets, ne,parks,easement,public vzx vino W89°48'40'W 125.OW n 3 - -- XAS § ACKNOWLEDGEMENT further authorized the Y to note the acceptance ed therea y o nn name os neremmoove y 1 CO'xT. STATE�OFE4OLLIx § subscnbed_ et signing h Bro.b' s ad20,,,oP Brown um Bwns nemnari <01 55C PP:,5 I 1 vol.31.vg ISL 1 Vol.PRCLf 2 BEFORE ME,the netl outnodty,an Lnas doy personally appeoretl Mattnaw Cagle,known to me to a person w PRCC) un be to nose nom &axn one sums McMbn e s y ha.this y AO 2022 r'F�!5 ~— � e p e see. the eg g tmme 1, a ockno g di me Uat the same wos executed fort p rpases and coris�derohan Uere�n Witness GIVEN UNDER MY HAND AND SEAL OF OFFICE.this the . of PP.C.0 1. J1,Pg y Cny of y e,texas SaIE.r=ro ret7,Zoli'PVas or Tl.le 0E I zs 11,k 50 Printed Name 12 L tt w",_� ' 3 z LOT 26R-2 Line Table Replat IL_,1 OAOwr,.1 I BEARING DISTANCE 1 N8.35'51, °E Brown and Burns Addition E L2 SOB'35'51 W <008,La N '2a''9"E 59083551"E 31JB' Lots 26R-1&26R-2,Block 2 �Iw z —y— ' I LS '2a'09°E E.1'' 1 6 sees<''"E .''o being a Replat of Brown and Burns Addition Lot 26R,Block 2 Site — a s Volume 2013,Page 464,P.R.C.C.L T I � 2 Lots-Commercial NorEs 26,250 Gross Square Feet/0.603 Gross Acres I� w o.n 1)NOTICE SELLING NNESCAND SUBDIVISION 5HIS OF o AND s T AND METES ND BOUNDS STATUTES AN s IRF Plat Records o Samuel B.Shelby Survey,Abstract 820 ��11 — sxe�Ec of c n AND WITHHOLDING DING OFcE AND STA.PLATTING City of Wylie,Col/in County Texas Rc I/2"R Rex FoundJanuary 3,2022 2)Bearings bosetl an Brown and Bums Atltlition Lol 26ft,Block 5 PRCCT Rat Reca dsseCollin County Texas 5 R R vole q Tens DRCCT Deed Retards Collin County TexasIRF Revised: R € me 2013,P e••,of the Plot Records of Collin County.Ts on Rod Found °T.' o,...,... d://1/02 P./02104/Alee6539.dreg 1.1 3 [Rs • by"'-year god p ee'85C'a20nda f5pe REIM A Flood din 1/2C CIRF /2°aLa00etl haneflotl Found THE PURPOSE OF Fd REPLAI SC TO CREATE TWO COTS t�'eo 06 aNaao Roo CT1 v ndated 'rt f ub'ect pmpe Area nu Rate 1 avE H er Map No. o the 00g(Z a Monument r mo nl eG,sues 3 � s Maps for Co'n Caamy,Texas one Incorporated Amps doled June 2,2o''g.(zone x). . FROM ONE LOT,CREATE EASEMENTS AND DEDICATE R.O.W. Ira).rzT and . o• = VICINITY MAP .,^«r.r Land Surveying /Z- N.T.S. Fddlaei a,.mm 2 ma..m.Pom m.......en qC m1 F..'od'yamgs�reen eC mlFnm No'oo'3100 32 02/22/2022 Item HIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Parks and Recreation Account Code: Prepared By: Robert Diaz Subject Consider,and act upon,approval of a Park Event Application for the 1LT Robert F.Welch fundraiser event in Olde City Park on Saturday,April 23,2022. Recommendation I otion to approve Item as presented. Discussion he proposed 1LT Robert F. Welch fundraiser event will be held on Saturday, April 23, 2022 at Olde City Park. This was eld in Olde City Park for many years,but was not able to be held there the past few years due to the COVID-19 pandemic. he event will consist of memorial ceremonies,luncheon,vendor fair,and fun run in the downtown area. Parks and Recreation .taff will also coordinate with the group on event logistics and set up. he Parks and Recreation Board approved the event application at the February 14, 2022 meeting. Financial Summary/Strategic Goals 33 02/22/2022 Item H. 1AI : I I- tvN WYLIE Parks&Recreation Department 949 Hensley Lane, Building 200 972-516-6340 I Parks@wylietexas.gov Park Event Application This application must be submitted a minimum of eight weeks prior to your event date. Special events, meetings, and gatherings (other than typical parties or picnics) will require submission of a Park Event Application prior to reservation approval. Please call the Parks Administration at 972-516-6340 if you have any questions pertaining to the Park Event Application. Applicant Information Name of Organization* Website 1 LT Robert F.Welch Ill Charity www.1Itwelchrunforourheroes.org * Please upload 501c3 Documents Are you a non profit? Yes No 501c3 tax exempt letter 001.jpg 735KB Contact Information Primary Contact Name* Becky Welch Event Information Event Name/Title* 1 LT Robert F.Welch III Run for our Heroes Event Type* Fundraiser Purpose of event* To honor and remember our fallen heroes and celebrate all our military veterans and first responders Event Location* Olde City Park 112 S Ballard Avenue Proposed Event Date* Alternative Event Date* 04/23/2022 04/30/2022 Start Time* End Time* 06:00:00 AM 04:00:00 PM Include Setui Include Cleanup 34 02/22/2022 Item H. Do you plan to sell items of any kind? ex��mple-drnks.food gems. [shr,ts concs mcmh- ships. rogrstLThons etc Yes No Please specify all items you plan to sell Event T-shirts,food items;vendor booths will sell various handmade items, Scentsy, CBD oil,Thirty-one,tshirts , purses, Usborne books, prepackaged food items,etc. Will there be food items provided? Yes No Please specify the types of food items to be provided Free Lunch for Military Veterans, First Responders, and their families-Barnhill Brothers BBQ(food is prepared off site and lunch is served as a come and go in containers; bagged chips, cookies,etc) La Los Street Tacos WHS ROTC Booster Club(burgers, hot dogs) Dippin'Dots SMOs Donuts Who is providing the food? Applicant Food Vendor Other Anticipated number of Participating Vendors* Anticipated Event Attendance* 60 1,000 Event Target Audience* Military,first responders,general public Event Details* Event is comprised of a 5k run starting at 9am(opening ceremonies at 8:30am),vendor fair(9-2pm),and free Heroes Lunch for all miliary veterans and first responders and their families(11-12:30pm).We will have a mix of paid vendors and nonprofit organizations set up along with a special military/first responder Heroes Tribute display. We will also have inflatables and activities for families.A special wreath presentation will be done at our Wylie Veterans Memorial. Event Announcement and/or Flyers NOTE: If food is prepared on site or off-site and brought to the event location to be offered to the public, free or at cost, the vendor applicant must contact the Collin County Environmental Services Office in McKinney in order to inquire whether a Temporary/Short-Term Event Food Service/Health permit is required prior to the event. It is possible that a health inspector must examine food preparation and storage equipment to assure the health and safety of customers. Please contact the Environmental Services Specialist at 972-548-5528 or 972-548-5585. The Collin County website is www.collincountytx.gov. Sec. 78-105 of the City Code of Ordinances states: It shall be unlawful for any person to solicit for sale, vend, peddle, sell or offer to sell any cold drinks, cigars, tobacco, cigarettes, fruits, candies, goods, wares or merchandise of any kind or nature whatsoever within the municipal parks or recreation or community center facility; provided, however, that this section shall not apply to any person, organization,firms or corporations, or the agents of any person, or organization,firm or corporation, or employee of any person who are recommended by the Parks and Recreation Board and approved by the City Council to operate a concession or concessions for the sale of specified goods, wares, and merchandise within the municipal parks or recreation or community center facilities of the city. 35 02/22/2022 Item H. Signature Date* e •..c / 01/25/2022 36 02/22/2022 Item IIA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Parks and Recreation Account Code: Prepared By: Robert Diaz Subject Consider, and act upon, approval of a Park Event Application for the Wylie High School PTSA Fun Run fundraiser event in Founders Park on Saturday,April 9, 2022. Recommendation I otion to approve Item as presented. Discussion he proposed Wylie High School Fun Run fundraiser event will be held on Saturday,April 9,2022 at Founders Park. This is he first year for this event and staff will coordinate with local sports leagues on use of the park for this event. Parks and 'ecreation staff will also coordinate with the group on event logistics and set up. he Parks and Recreation Board approved the event application at the February 14, 2022 meeting. Financial Summary/Strategic Goals 37 02/22/2022 Item I. 1AI : I I- tvN WYLIE Parks&Recreation Department 949 Hensley Lane, Building 200 972-516-6340 Parks@wylietexas.gov Park Event Application This application must be submitted a minimum of eight weeks prior to your event date. Special events, meetings, and gatherings (other than typical parties or picnics) will require submission of a Park Event Application prior to reservation approval. Please call the Parks Administration at 972-516-6340 if you have any questions pertaining to the Park Event Application. Applicant Information Name of Organization* Website Wylie High School PTSA * Please upload 501c3 Documents Are you a non profit? Yes No Wyliehs tax exempt form[1]... 16.59KB Contact Information Primary Contact Name* Janie Emmert Event Information Event Name/Title* Wylie High PTSA Fun Run Event Type* 5k/Walk Purpose of event* Fundraiser for the Wylie High School PTSA Senior Celebration and for the PTSA Wellness Activity Committee Event Location* Founders Park 851 Hensley Lane Proposed Event Date* Alternative Event Date* 04/09/2022 04/16/2022 Start Time* End Time* 07:00:00 AM 12:00:00 PM Include Setui Include Cleanup 38 02/22/2022 Item I. Do you plan to sell items of any kind? ex��mple-drnks.food gems. [shr,ts concs mcmh- ships. rogrstLThons etc Yes No Please specify all items you plan to sell T-shirts and registrations, potentially allow vendors to purchase a spot to sell non food items also and potentially allow the WYSA concession vendor to sell concessions Will there be food items provided? Yes No Please specify the types of food items to be provided Bottled water/concession stand items at the WYSA concession stand Who is providing the food? Applicant Food Vendor Other Anticipated number of Participating Vendors* Anticipated Event Attendance* 10 500 Event Target Audience* residents of Wylie, Murphy, Sachse and surrounding areas Event Details* We are wanting to host a fun run to raise money for the Wylie High Senior Student Celebration to cover the cost of tickets and door prizes and to also fund wellness activities that are put on at Wylie High School for the community and school. The run will consist of a 1 mile walk/run for families and then a 5K run/walk that is timed by a timing vendor such as Delta View Timing who has been used previously by other schools within the district for a run/walk and has already mapped founders for the appropriate route. Event Announcement and/or Flyers NOTE: If food is prepared on site or off-site and brought to the event location to be offered to the public, free or at cost, the vendor applicant must contact the Collin County Environmental Services Office in McKinney in order to inquire whether a Temporary/Short-Term Event Food Service/Health permit is required prior to the event. It is possible that a health inspector must examine food preparation and storage equipment to assure the health and safety of customers. Please contact the Environmental Services Specialist at 972-548-5528 or 972-548-5585. The Collin County website is www.collincountytx.gov. Sec. 78-105 of the City Code of Ordinances states: It shall be unlawful for any person to solicit for sale, vend, peddle, sell or offer to sell any cold drinks, cigars, tobacco, cigarettes, fruits, candies, goods, wares or merchandise of any kind or nature whatsoever within the municipal parks or recreation or community center facility; provided, however, that this section shall not apply to any person, organization,firms or corporations, or the agents of any person, or organization,firm or corporation, or employee of any person who are recommended by the Parks and Recreation Board and approved by the City Council to operate a concession or concessions for the sale of specified goods, wares, and merchandise within the municipal parks or recreation or community center facilities of the city. 39 02/22/2022 Item I. Signature Date* (?4'/f?C 5/1(Alle t 01/25/2022 40 02/22/2022 Item 1. IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Planning Account Code: Prepared By: Jasen Haskins,AICP Subject Hold a Public Hearing to consider, and act upon, a change in zoning from Neighborhood Services (NS) to Planned Development - Multi-Family (PD-MF) to allow for an income adjusted multi-family social services development on 2.472 acres located at 511 West Brown Street(ZC2022-01). Recommendation I otion to approve Item as presented. Discussion OWNER: KEP Brown Street Village APPLICANT: Agape Resource and Assistance Center Based on City Council guidance during a February 2021 work session,the applicant is requesting a Planned Development for an income-adjusted multi-family development with on-site social services. The mission of the development is to offer an actively managed social services living facility as generally outlined in the applicant's attached presentation. The site is currently zoned as Neighborhood Services. The requested PD would change the zoning to a PD with underlying Multi-Family zoning allowing for a maximum of 40 units in courtyard style buildings of approximately four units each as generally shown in the Zoning Exhibit.The proposal includes a density of roughly 16 units per acre.The units include studio, one,two,and three-bedroom apartments at 450, 650, 800, and 1100 square feet,respectively. The proposal includes amenities such as a staffed community center,Xeriscape landscaping, and an urban garden.Due to the nature of the development and the residents served, the PD conditions include a provision for reduced parking of one space per unit,plus additional spaces for the community center parked at general standards. The surrounding properties to the north, east, and west are zoned Neighborhood Services and are currently occupied by daycare, restaurant, and retail uses. Properties to the south are zoned Single-Family 10/24 and contain residential uses. The proposal is in line with the land use of the Comprehensive Plan.The project faces Brown Street which is a four-lane secondary thoroughfare. A replat and site plan will be required should zoning be approved. Notifications/Responses: 31 notifications were mailed in accordance with state law; with one response returned in favor and nine received in opposition to the request. P&Z Commission Discussion After discussion regarding density, on-site management, parking, and the mission of Agape, along with several citizen comments that mostly spoke in favor of the project, the Commission voted 5-2 to recommend approval with the condition that the parking be increased to 1.5 spaces per unit from the currently offered one space per unit. 41 02/22/2022 Item 1. Financial Summary/Strategic Goals I'lanning Management 42 Locator Map 02/22/2022 Item 1. • ` :. 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Gill ' V!' r/ '' '�' ..4 ♦ -\ 'Y�' •", 400 i' g •c'• `'';�,' B „ c Iti' -, 502 ,,►O•gym• `: t '0% 4•v• ^�'�' i - - __ ` - T .511. c Q 406 4, E ✓ 6,4 ara, ►r :. 501 2, _ 11J 111 1101, 510 508 '. 0 / _116,1;.4 =Q• , --- W�. V - Z 4r ..., Y -RU, 112 115 = ..� 44, `"'_+ `0' 511 . .'�... S��/C p 7� 110 :• I '113 . ..i.� - . •,� �! V 4 L I.. 507 ' 0. C� sos 503 111 y/ a1 0 4. MI' a: . .� 501 �- - /P. - an ssy\ i!':. 301,. 4,41 106: • • 109 'O� ,.• iJ[1' �,. / - — . 4 107.... 1108 ,. on i �= j f 104 4 ' _ - -.x `"'H - / ,„-. �INV _5111210 502 „ `�; .. 4. 1055�-i7, '� 423. 421 419. '417 415 413 411. 409 •.f ��r ' ' W i�l�Y� ' -1 I �' ': , 0q ,7- '100 103 �, .. �+.r 1' eze ZC 2022-01 ; Jericho Village - - •J`,'`i.� 's s �/ ,� Subject Property IN 4,``�� ', ,,, Chr CITY OF —,1--1- i •c._ 0 130 260 520 780 1,040 Feet WY L I E '-- ., `�, 02/22/2022 Item 1. Jericho VillageTM Apartments EXHIBIT "B" Planned Development Conditions I. PURPOSE: The purpose of this Planned Development is to provide a community of mixed income, affordable apartments in a suburban village setting. The community will provide wrap-around services through an on-site community center for social workers to assist Villagers with support such as access to childcare, transportation, workforce training, and counseling. By offering mixed-income rental homes and support services, the goal of Jericho VillageTM will be to provide individuals and families with both economically attainable housing and the tools needed to retain or attain economic, emotional, and physical stability. II. GENERAL CONDITIONS: 1. These Planned Development Conditions shall not affect any regulations within the Zoning Ordinance (adopted as of April 2021), except as specifically provided herein. 2. The design and development of the Jericho VillageTM Apartments shall take place in general accordance with the Zoning Exhibit (Exhibit C). The approval of a corresponding plat and site plan shall be required before the commencement of development. III. SPECIAL CONDITIONS: 3. Section 3.3.B of the City of Wylie Zoning Ordinance is amended as follows: Planned Development - Multi-Family A. Purpose - The purpose of this Planned Development is to allow for an affordable apartment development and on-site social services. 44 02/22/2022 Item 1. B. Permitted Uses - Uses shall be limited to Multi-family dwelling, Accessory Community Center, and reasonable outdoor use as depicted on the zoning exhibit. C. Development Standards: Following are the yard, lot and space requirements for the PD, including density, height, lot and unit size • Minimum unit size (square feet) Studio - 450, One Bedroom- 650, Two Bedroom — 800, Three Bedroom - 1100 Maximum density 16 units per gross acres / 40 Units maximum Community center Maximum 3,000 SF Building Separation 10' minimum Front Setback 20' Side Setback 10' Rear Setback 10' Maximum height of main structure 36' D. Additional Provisions: Section 7.1 Residential Adjacency and Proximity Standards of the Zoning Ordinance shall not apply. Setbacks are as noted in lI.1.0 above. 2. Section 4.3.D Land Design Standards are amended as follows: Desired Land Design requirements are achieved by projects in accordance with the following criteria using generally accepted Xeriscape standards. 3. Section 5.1.B.7 Parking Requirements are amended to allow one parking space per dwelling unit and one parking space per 200 square feet of publicly accessible square feet in the community center for parking spaces as generally depicted on the zoning exhibit. 45 02/22/2022 Item 1. illi West Brown Street 1 n0. aaaess.• a _®= • .. 30" 588'S9' E 306 323.09' ' vor ssz,Ps.iz / ----''.\ --- . '� ------ — ---- S44'14'S5"E 24.39' 11 GRAPHIC SCALE 1 30' I me Ns - /�P�,a. �n. ..,s. * Spirit Mister Funding VI.LLC 1j /'* d/ dnIh ®04®a.°.n a°ez° L 3 '0 „ F / Truce / r g. °I A ga — la s P • 2 / P ,/ N70234"W / .w C.C.cc Co,aseza° Zoned ns / - n ,c sPo®o I VICINITY MAP \ / T I1J �n/ 9 CENTER 'z' NTS ° I ) I / 4+" s774 v , A=16'00.07" / / / /. 7 1 R=225.00' // / / � ry _ �T= _,..------'1---- l�1 L=82.84' .-// ce.eaaze n�... m C8=509'00'58"W vol.3e25 Pa.1455SYNOPSIS ° i _ ilEi, g Zoning Ns / II Proposed Zoning PD— �� // 7... � // �1 �� P / P�apaee�ueeNalai—Family ` // N89'42'OB"W 128.98' L t A 24Z2 Ares(1OJ,869 6q.Ft) / ^ / / Building Area 16.194 Sq.Ft. / O O % / Lot Coverage 16.9R ii / cere.".. O O149 g9 j 60 /� .SZW / ro>o Note: * A / gb•)Z g•� Q All units will be fire sprinkled with NFPA 13D System. / / Rue.OaksChoseOne ad Proposed storm drainage shall follow existing drainage / / cee. ie Patterns. j pg. ry / / .e sr Pg. 26 di o 8/ Ilik . / 0 ey' / 5 • / // s `�6\09 • ZONING EXHIBIT i i %� JERIOHO VILLAGE / / The Acres / / Situated In / / / / / S.B. SHELBY SURVEY ABST. 820 ,, / / / WYLIE COLLIN COUNTY, TEXAS / / o e / / Agape Nee center,Inc. // / o _am d,a- / / jcce P d e I'I West kerli Sera,: 46 02/22/2022 Item 1. CITY OF WYLIE LANDSCAPE REQUIREMENTS PAPIONG LOTS 1 SO SF OF LANDSCAPING PER PARKING SPACE P -zO �iRoRVID .�� Z�o DEDw�osEna =,=. R.rzsPAr STHEET FRONTAGE, v®' 1 SO,OF FRONT RErv�rvPRo�o Erv� rvEaDE�AT�n,amrvE WEST BROWN STREET C__ �20' , 2 TREES REOD,REo SPAC, a w - EST BROM STREET REED,TREES ss HI s„ azcary aorvr.e �� —� R�E 121-1 _LIN HH , _/ o POINT of // ® ... ' �I� LOTS W,�EXCEED TME,o=EOE LANDSCAPE „PMNANKING SPACE NV, BEGINNING / /giF. 0 9i.,^ ILH'=1= 3 BOOZE LOW HOCK WALLS OA OTHER NATURAL rvSCPPE n FLOWERING=MI,aSaxo=EASoxAL FLOWERS WITHRITHELAHOSCPPE HEOB II Cr) 111 / / �r I 1 — 1 1 w. 1 1 aw o o,rvE wrv= oa�Erv�roPEa�M r * SZ5,, ° N"M T� r; P _>SDDFFE,D.WEST BROWN S,a�,axD,o aD�,Dry WINDING DA�DRrvE CALLED 0 5000 ACRES D P CG, <DszD y - J _ = 4 ��h # A � � c,. KEY r boa �/ 2. ACRES _ �:Air .• pi // KEF.LO-I'v'N'all;tal.L, i ,I 1 _ / - 107,669 SQUARE FEET �,. i� O% yyyrR��ees �__ / z�� .ate lil w :-: t< # �.. '►� 1 ° V II GROUND COVER,SOD,GRAVEL MISC. -" eiWil,,,,,_,„,„ jiti.f.,, ,,:. „(,,,,,;pi!!!!:01x,,„„. i / /' F Wl`�, +� cErvi[ry 4 Ury Ts s I�rviTs F x a 0„F?+r c ex w l T�`O �' arrcunrr os nnr nnnw.°n a..n°° / / / � � , l�� 4 ) ❑ewxs sm me m.r°.e. sem,m.e�°exm.u.nxm a.,a°° oA CT ,au / �� . ::•:: 8 ;;;: TES o4.wRo a° LQNDON / ,� ii ' ` 9 '' •• N 89°42"08"'W ]2B.'. �' xw.xq°x t 1 1 1 C C I 1 C / ,y/ '� �� °ten PROJECT HUMBER, PROJECT MANAGER: A LONDON g�°l i l ly % ''"g IRRIGATION NOTE 8 7 �cnaoErv� aor,e .�RDs�APE�oNTRA�TORDNn,e,. rvD Rs LANDSCAPE w,AreR�SEs.AaDSREo. �o.D / } ✓ S 70°41 \\ LOT 17 ssuE DnTE. pz/nn ry w oow / e/ ,/ �s no,,a / / ell/ �u LOT,s F / / GRAPHIC SCALE — - REV. DATE DESCRia. BY / / / / \J0. SHEET c_NTENT. / TENCH v 30 Tyr / / Lor,s LANDSCAPE PLAN L1.00 oPw T� ■ _ Notification Map 02/22/2022 Item 1. XIley 09,J Z Iii � 1 10 l 8 5 504 02 500 410 408 40604 4 400 07 Z L VICKI LN BIRMINGHAM �� 1 _ U ELEMENTARY a 141 509 507 505 503 501 411 409 407 405 403 401 405 z SCHOOL 515 0, �� J r _I-- i s_ J 1 �L j >, PO N I E NORTH 403 Q co ADDITION o PHASES I & II I I 399 > 520 MEADOWVIEW 0 640 r EySTATES 620 �01 • •• j •\ 313 / 1 311 1 W BROWN ST SUMMIT PRIVATE I � SC Hf'01O LS U M M I T / A j��j��j�j�j�j�j�j��j��j��j��j� >, 1PRIVATE SCHOOL / I�� > I X 1 . i+i iii��i a 501+— , � 309 NIP cbi 502::. /, 41 :��le I �� v. 31 / 307 130; RtJ '�®s�►�. �i STIC CAR �� L305 30 Piell 210 �� ,, 505 503 ` 208 �S O -'�• j303 C� OP - BROWN Q Ej ,` \�G •-.-• W BUS 4%.. €-. , 308 J > o j •�. \\?-• VA i i30 < 306 ° 30 �. 0 as I- 50 = 204 02 W itiro 40 205 CO 0 �� 00 STIC 406 Z FL Q 305 200 OAKS 1 408 3( H RU 4 1 L 207 ~ D itapar 01 41 u4 � O II S F�RSON 40 05( z C Or W 3EFll - 203 "A' 500 44 pm 417 ill —1 415 201 2 12 O 11P �� — 110 `J�/ pJ\ey n 404 402 WLM RRBLE ST ,� ZC 2022-01 ; Jericho Village �j`,. 1 • '`:i"l r--_----7 I��; L� I y• fir ' . �_._._. i 200 Foot Notifcation Buffer ��, Subject PropertyIN = 1 -I '✓ ; CITY OF i U 4• - yj 0 95 190 380 570 760 Feet , i 'K, y; N I I I I I I I I I I I I I W Y L I — �.^`';�s;l • 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 1 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 15,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: ( r11 cr�S 4'7/ 0 / /rh 5 (please print) / Address: OS A) Lti J rl� �t 0 Ct K S . Signature: •-1 ..1L�� C_(L , Date: •A/// ate) a- COMMENTS: 49 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: TO f- 2 S (please print)!V A , T Y Address: 31Q � W.V11NG 0,4KS2) g . x '7.50c g Signature: Date: COMMENTS: 50 02/22/2022 Item 1. PUBLIC COMMENT FORJI eRfeeae ope Or au Had ink) t n Flanomg Counts)Cl O0 ub Read Rwlding 100 Wylie.Texas 7509A I am FOR the requested'Doing as explained on the attached public nonce for Toning Case a20!2-01 __X_ I am AGAINST the requested ronmg at explained on the attached pubb:notice for Toning Case a202_-01 Please feel(ire to cotton the Planning Department at a72 516 61!0 no).question questionx or concern% Date.Location&Tune of {tanning&lotting (orttretasum noonuns Iuoda,February bruar)1.l0n600 poi tlumn•tpal('omplea,)00Coomtn Club Road.Building 100.Wylie.Texas Date.Location&Tune of Cory Comet!meeting Tuesday,February 22.202!6-tai pm Municipal Complex.300('ounoy Club Rood,!holding 100.Wylie.Teas Nape XbOWn Gu and XIngyuan Ma fplrau pmw0 Address: _301 N Winding Osb Dr.Wye TX 76090 t r�� D..: 01/23/2022 commons: 51 • 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 15,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100, Wylie,Texas Date, Location&Time of City Council meeting: Tuesday,February 22, 2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: LR.4'( �� N (please Address: � IV t," i o 1p t Kitt. t7i5 V F`� _ f .4 1 `ic . i Signature: tt Date: AI' li Ci 7C7' COMMENTS: "LP VC Fl kb-ru rd_c Rk7k1-163-1- 1 -r- ( t_C F, kJ rdE WA 5 ki,,f dQLli l7 �� 5'�D�E'�` I is p Lv 111-([614 1,1a k1411 rO ( LT ��t FO �� / V 6 A J9 i'Ir f -'w �U. ,i..I v pp.o_Y y 52 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday, February 1,2022 6:00 pm _ Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: --Sa5V►-vA \)ArisDr--R_1Odd (please print) Address: 3 \ i ork-v.� {L- \ RK Signature: Date: - LU--ZGZ� COMMENTS: . iritrki c 'Tr F CcQa.l i (I'J2 AA/C (Ai - irjC-, Ne XT ®coc r-5 F 53 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 ' I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. � I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-0 . 41fr* Pie• se feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 15,2022 6:00 pm. Municipal Complex, 300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday, February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas D + 6- Name: 1 Ct tt 1 v ,' 7 C• LA S`/ .(\f) r (please print) , I/ Address: i ! - Uf• ` ►1 I IA 1. OC K. S D r, y l i -�X 0 1 `,- i !`-(C - ;1 Signature: 01}/C10-- i f Date: I'Y L� n 0 f t , COMMENTS: 1 j� I 1 0. I_ 1 f 1 (': W tAlc_L v �' :3 1.1 C 11 &. S 10 :A. I p roper r/ r U t r` 9c vvv 4 1„ ►--1 om..0 �,-� 'it' tit 54 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 15,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: 4.,,t/QA,/ / AO Si? 4/1/S (please print) Address: .3e Y l JD.1/& o,4, s 4R. A9yL/E1 7,5'0 ve Signature: L` 14"42-12 C ��2 Date: ` 6 < �� 0 0c)2 COMMENTS: ,(441 a,/alyjr F%re_c,44-taide., 2,--czy 55 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 102022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas r Name: l nql J O Ruce, (PleaseOicl print) Does Dr �� N Aci(t\i I c_jy,____76061g - I Signature: C/e1ADI/L Date: p 4-' COMMENTS: I S atatici (L be LUt --re -P ` he 3Licr n -1 h LAY \ . Kof Kn mui rci who w c (1 I ive_ -he. -e. otiiG3 Li ha+ problems I-heM1 I i ke, antir iners o� -p es, uo6U Id t ,, e e 3� d 4-ra Pf'c t like 1,�, i n�cn Oaks �c{ Fly orKt 1 . ca/s rord &nd dam -4-h skreef icd blocs petssiT bean able- fa see- P� /l i n3c c� cy Uu%fo 5 s a, r1 4 h4-it- re, 0 1 ngW auoia 4,heu6h. l 1 S Q ac. 56 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. X. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 15,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: 2-\'( r Q (pleas e print) 1 Address: �T1-- \ M V n ( 1 �. L l W 1 Signature: ` QC J , CL4 ALAll Date: 1 =�`"�✓ COMMENTS: 57 02/22/2022 Item 1. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 47-I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-01. t/ I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-01. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February I,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 22,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: 4RYE '/=rtz. (please print) / - Address: f1 Signature: • _ Date: / COMMENTS: 58 AGJERICHO VILLAGE Resource&Assistance Center,Inc. W Y L I E An Empowerment Initiative of Agape Aewirce A Assistance Center.Inc. an I A� a y JERICHO VILLAGE Land 12.472 acres • US Empowerment Initiative Structures/Amenities • Ten 3- or 4-plex multi-family } buildings • Community Center & Garden • Playground Park Area - '} ' • Outdoor gathering areas g5 ng4 Bu1lding3 r. . Density I Max 40 multi-family units Rent I Max 55% units for households T making 50/AMi or below Building 2 /Unit size I Studio 1/ 2 & 3 bedroom � � Community g 1 � +,s mn89 E Y Wylie Community &Agape families About 80% of units available to eo - d °Y °d Wylie individuals Agape families can graduate from Agape into Jericho Village JERICHOVILLAGE • NOT government funded; is NOT Section 8 housing H 0 U S I N PLUS • • Economically attainable rent from subsidized units to market rates. • Specifically designed to blend into and enhance neighborhood • Individual buildings resemble single family homes • Safety and security is important— We are in discussion with Catholic Charities Dallas for • On site property management • On site social services PP I • Household stability is our goal • ALL Villajersw,1i have access to ten, all 0 10110 PpEr JERICHO VILLAGE FUNDING - $6,500,000 1ST MORTGAGE- CONVENTIONAL EQUITY RAISED TO DATE $1,715,000- NEARLY 60% - 60% - $ 3.6 MM ❑TH E KALETA A. DOO L I N FOUNDATION - $1,050,000 EQUITY - 40% - � $2.9M M IN KIND- Professional services&fees-$420,000 BOARD &INDIVIDUALS- $425,000 As a nonprofit, Agape has more ■REMAINING EQUITY TO RAISE opportunities t• raise public equity than a - $1,185,000 forprofit, o often look . government • •• to raise equity 21772 28% WYLIE FAMILIES RECEIVED WYLIE ISD STUDENTS FOOD ASSISTANCE IN 2020; ON FREE & REDUCED UP 181% OVER 2018 LUNCHES $ 1, 500 19% JERICHO VILLAGERS WYLIE FAMILIES LIVE AV'E RENT 1 BDR; UP 22$ OVE WILL BE OUR AT/BELOW 185% OF POVERTY 2021. $50K ANNUAL SALARY > � THRESHOLD $1250 UNBURDENED HOUSING NEIGHBORS ($40K FOR FAMILY OF 3) 5tlA` iec= � ..wYw......•`�Y......:..iw,,,..�..X�lt:i�4r;9w►� �' ii�i �x��__>>{� �'� EmPOWERING SUPPORT SERVICES bib, .1! COUNSELING & CHILDCARE EDUCATION TRANSPORTATION COACHING OPPORTUNITIES LACK OF ECONOMICALLY ATTAINABLE HOUSING DELAYS GRADUATION LET'S MAKE DREAMS COME TRUE TODAY . �c�>> QUESTIONS? JERICHO 02/22/2022 Item 2. IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Planning Account Code: Prepared By: Jasen Haskins,AICP Subject Hold a Public Hearing to consider, and act upon, a change in zoning from Downtown Historic District—Residential only to allow commercial and/or residential uses, located at 401 N. Keefer within the Downtown Historic District(ZC 2022-04). Recommendation I otion to approve Item as presented. Discussion At its October 28,2021 meeting, staff received direction from the Historic Review Commission(HRC)to move forward with presenting a rezoning case for the property located at 401 N.Keefer to allow both commercial and residential uses.The current base zoning of Downtown Historic(DTH)District will not change. In accordance with Section 6.3 of the Zoning Ordinance,the DTH district allows for both commercial and/or residential uses in the same structure. However, some properties are restricted to residential uses only as adopted by Ordinance No. 2015-08. Residential only properties were those lots west of Keefer to Cotton Belt and those properties located north of Brown, west of the railroad tracks. The subject property consists of two lots and is bordered on the east by the St. Louis Southwestern Railroad. See Exhibits A and B. The property has been the subject of several requests for modifications and renovations over the years. The Wylie Economic Development Corporation purchased the property in 2021 and is working with the railroad for expanded ingress and egress access on property directly to the east. Any new development or renovations would continue to adhere to current design standards and allowed uses of the DTH regulations. In block faces within the District that are currently developed with residential structures, new construction shall be of historic design. Notifications were mailed to 23 surrounding property owners. Two responses have been received in opposition and two were received in favor of the request. HRC Discussion The HRC discussed the zoning request at their January 27,2022 meeting,ultimately voting 6-0 to recommend approval. P&Z Commission Discussion After discussion regarding the intended development on the property and parking,in which staff explained the EDC is working to develop the property in a historically appropriate commercial context with parking possible on the adjacent lot currently owned by the railroad,the Commission voted 5-0 to recommend approval. 59 02/22/2022 Item 2. Financial Summary/Strategic Goals I'lanning Management 60 Locator Map 02/22/2022 Item 2. aim kw 301 � 418 419• ' , CS oa s 41s, KAM B E RILM 413 co 0 3oz. t. . 401 i :� 1- 425 y, °P. I 411• `-300. it413 414 ° j ali 407 4054, . 403 11 CU' Al, t11, J 301: vo �.�, U lV�' a1o : 4� "'aos 402 40.0 Z o8 ! • a i- 415 • VIGKI L-N o �V �. i4 419B � i s_ �� I I )1 411 409• 407z (((,i 401l .q41- f /. e.•419A '. 414B414Ay 509�" - ' 415B - 507 �.-� • 399 �,?� 1.,i .° 520 f t II 302 91.......i .402 � 413 a10 409•-' % �'' It *-- 1. .0401 400f a 411B �,... •d:: `r °( - r- '', 1�• I -411A •� �:2 DrIVeWa�y SIKOR_SKY_C f ►� "� 409B 408A ., w • :#.:; . �'� 301 -l ``••'4'1`407BM 406 I nit •. T Al, $Y cit •. •30a 302- 300 L'�7 gaol Z , ° ' 0 o ..•�1 �, W BROWN ST . - �I, -Ittr- .. .i_i_.,. te ,, -.,_ T `303" 1301 R `'• . �e ,j � f �i!ti i , -r 010 I 311 . . END 7 - ' "'. f Q !F-' 09 n . • f( 3' Z '•• ' .. . 307� I 308 a ' • Fat alp?. Q ,.r C32I 304, y�!� - 301 1� - l lam: . � � Y.t- ---- 11 W JEFF,ERS-ON4ST`, i 00 LLJ 0) �� ,_ aos • 3 aos '" 1 Y SCe' C '. 41Q X • ° 4 210 - 1219 ! r s '• ...'•` 403 ,] r 01 205 ey : 0, II r 7 ao ■ °It 203 iIt 206�. ii zoo r*T(,. 407 . Ir- ;?: s MI • aosfr. 302 "'" '4 W , ., .203 I r i ,''a•.. * :► 400I 'Y7�1'I '• .` ?' 212 r 108 4 a.201 r .1 Lit - ii _ •�,a • �� W MARBLE ST ._t7L • _ � aos OFF A Mk, , y. •� to' �r - _' maim109 _,131 f '130es. aJOS 401 Keefer St %AI '. Subject Property IN i_,,.. 4,�,,� ' r `'�. �h„ ,..i . , .. ,... _. C I TY OF -,1--1_ i • cF.-- .._,_i 0 115 230 460 690 920 Feet V�/Y L I E v-- Y `4 F--- I I I I I I I I I I I I II. 02/22/2022 Item 2. EXHIBIT A - • • 7 .., �i` i pi... . . 4 4 • y • . ,GOV u .• •: I :H ► • ` �s�ti �J`',,.�h10 , ,r` 4� 1 a,•- 'z • f.'- 'DTH • rA� .; j _ : .litr+l si oRs. Sci _•_ TH '. '� i�-1 -��-�� • —' '° - — i Ii' , �s SF=10124'; 1 j tit iltirom A. --- - - '' ' �,• • f � 4.92. . s� • J•c 11• � •1• f ,w .. ► j"•'" �T i . peR;it w _• • �� s a. M ;Y;• l _ , 1 rt, ___ _ . . r �' - q W,JEFFERSON Q�e � •: _ . , r ?/ 1 • `� J i►;1`� i r's 11149 • I "1'..• I ♦ - A 1~a - Irlydm • 47: 6 g i- .1 i .,.. . a• 1C-1 #pc-•, . ' .. 0 •Y • W MARBLE 3T - - i 4.' r.' i it ;3.),... , ., , •-,. , • • , Irii7 _lir w.f.. •• _ _..,,---4 I;.,• 4„_,_,Ami,. I Q :_41 . :J A.A !: A... .11 a.-- 62 02/22/2022 Item 2. EXHIBIT R o '- 1®I ni -1®JI 407�� oIl._i 1i'''"''i-'1' 4' / 11. 'kiln — / I / Aii> 11 B3 50 404 1 1 v l 4,2 rt 50 -__I..- 415 u l 17 388 4R ! 4•0 �i1 413 1.118 U 0" 411 409E t M0111 409A 713 I 30! gi Imo, 407B II a � ,�, '..�I l 40TA NI _ l..r I 40513 r I - 405A 310 1 1 1 I 403E 1 304 302 300 i 1 403A ,N 11 1�N, 11 501 -` 1 200 401 � 102 Q' -15 W Bron St • ' 's �, 7N ._� 4 7N- 70! 7,1 ---„Bt 307 307 3N :703, NJ 2!! I 307� c • Z 103 i . 1.2n J Lit 3a. - � .. *314 ` 1 J yI _1309 3N ... I CI �� 304 1 7• 07 1 m 1 1 302 IN j p 3N 304 342 3N� -307-11 I 3N .i� r � 2 31 1N w fferson SI z°1 99 - of 2N IIriTy341� r4,>! NTI345 3u I fI_ , BSI _ 2N I ;' lj 2,2 I -1 63 _ _ Notification Map 02/22/20221tem 2. aJ402 400 17407 - $ 407 408 VICKI LN J 406 405 406C 419Bt1 CA4B 403 li 401 I 405 U 419A z 404 Ailey W RUSSELL POINTE NORTH > > 404 uL417 ADDITION 403 Q MEADOWVIEW 412 PHASES I & II p 402 ESTATES PARK U 415E}5I priveway 399 02 RUSSELL 302 413 r L4101 400 300 _ _ _ _ _ I--� 4 - 01 II 1 . *.... ,I 411A l 408B i f MEADOWVIEW�4 IKORSKY CT •` �'1_. aos 408A ` ESTATES • ` 409A• LI r (� 07A407B1 4061313 � 301�' LGD 407A 11 309 307 I305 303 I PROPERTIES / Z 1 405B 1 riq I 310 I 1 �� 0 4 402 ►i�i�i�i�i�i�i�i� a i w j 4 1 q Q 30 302 300 :-1—"0 - :♦. ."sit::.14 W 1 Q 10. 1 U i WBROWNS o i Q 309 I I I—Z 307 305 n r1 [309 ` l 307r mop 307 \ • 1- I BRN & CO 305 306 BURN., T LI3051 ; R �'�• —14 Q ElW 303 4 Q -303 J ❑ 0 YLu El ff co z 302 30 BROWN r 308 + 301) z 306 30 0 I 303 & BURNS r L RUSTIC I- �O OAKS 1 �--� THRU 4 OU W JEFFERSON ST N z 20' 1 305 303 I 301 1II1 210 207 rL 1 1 ❑ —?—/—__ . 401 Keefer St --- / -,1 P I_I-. (fz.ti 1- 1 1 1 200 Foot Notifcation Buffer Subject Property h ii s,�- � ca� �''' � ; I "JJJ 4_P a CITY C)F ; �` ;'� N 75 150 300 450 600 Feet WYL -} ^ ' • ,, J _ I I I I I I I I I I I I mo ,0 02/22/2022 Item 2. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 (7 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Historic Review Commission Meeting: Thursday,January 27,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: __k e_d l2 K I e- (please prim) Address: 1:?6i,N b K Cp go (7'1T-C 1 l fit"�SS ('V7 1(e-, Y 7s o j Signature: ! . G ,7,c-/aL`' Date: COMMENTS: (-at RAIL_ 67-.4.17202- 30 `71. 1):1 6.16dLt.e 65 02/22/2022 Item 2. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 VI am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Historic Review Commission Meeting: Thursday,January 27,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: 0e /1e 47., (please print) y. Address: 1},4 CA eft ine/ r` 7 7; Signature: - (V4aR Date: / --// -l2 r. COMMENTS: ■ 02/22/2022 Item 2. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case 42022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04. Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Historic Review Commission Meeting: Thursday,January 27,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: it 1 f l D Address: -Jl,' 1.41ti TY `7 m 'JSignature: e Date: I 10 J �n2-2 / COMMENTS: - h4A negr. oireai • i and itis votiu i. -the_ �� a �� •s . . �e ' ro< e � t► 1(l'r . aliMinntri NY) I ' Q I e ` • -1 i.. Id I ii or). ' L 0 r -- • . tc V- Oi N _ // a /I - C 1�2� / (d 1 l 7,,' 1' /7L— 67 2/7/22,9:16 AM City of Wylie Mail-Case#2022-04 02/22/2022 Item 2. %Al CITY OF irlf WYLIE Jasen Haskins <jasen.haskins@wylietexas.gov> Case #2022-04 'Teresa Lanoue'via Planning <planningt wylietexas.gov> Fri, Feb 4, 2022 at 5:40 PM Reply-To: Teresa Lanoue To: planning@wylietexas.gov To the Members of the Zoning and Planning Commission, I live at the property of 300 West Brown Street(right next door to the property in question). I am sending this email to you to vehemently oppose the proposed zoning change for the property at 401 Keefer Road. The traffic situation at the crossroads of Keefer and Brown Street is currently a traffic nightmare. To add more traffic to an already troubled spot would be detrimental and dangerous. This property that is right next to the railroad tracks would cause an even more serious problem.. Anyone who is traveling north on Keefer wanting to enter this property and having to wait on a train would cause a terrible traffic situation. The back up on Keefer would be huge as those wanting to enter 401 Keefer would have to wait on the east/west traffic of Brown Street. It just really does not seem safe to have a business so close to and on this side of the railroad tracks. Another reason I oppose this change is with regards to how close it is to the historic downtown area. This is a house that should be restored as residential/historic and not commercialized. It is my understanding that the City of Wylie wishes to maintain the look and integrity of the downtown area. I oppose this change as it will greatly diminish the value of my property right next door. Would any of you want a commercial business right next door to your home? I oppose this change until more is revealed and known about the type of business and the type of building that is being proposed to be built. There just is not enough information to have a positive feeling about this being right next door to my home. More information needs to be divulged. Thank you for your consideration, Randy and Teresa Lanoue https://mail.google.com/mail/u/0/?ik=fc91232d6b&view=pt&search=all&permmsgid=msg-f%3A1723877834082384480&simpl=msg-f%3A17238778340... 1/ 68 PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 Zam iFOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04 Please feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Historic Review Commission Meeting: Thursday,January 27,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 81 2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas, Name: (P 90afe yrn1) C'f Address ✓' - Signature: Date: COMMENTS_ PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04. Please Feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date,Location&Time of Historic Review Commission N/jecting: Thursday,.January 27,2022 6:00 pm Municipal Complex,300 Country Club Road, Building 100, Wylie,Texas. Date,Location&Time ol' Planning&Zoning Commission meeting: Tuesday,February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas - Name: a e: (ple a print) Address: -3- -- �_ Y—i c> �_--- — Signature: - --g—\��_J— ----- --- - Z Date: COMMENTS: PUBLIC COMMENT FORM (Please type or use black ink) r)epartrnent of Planning 300 Country Club Road Building 100 Wylie,Te?,as '15098 I am V0R the requested zoning as explained on the attached public notice for Zoning Case 9.2022 •04 I am AGAINST the requested zoning as explained on the attached public notice for,Zoning Case#2022-04 Please tee I free to contact the Planning Department at 972.516,6320 with questions or concerns Date, Location&.TIfne of I-listanc; 11.CVi0W(:uinuAissiuu Mccti119: Thursday,.ianuaiy 27, 2.022 O:00 pm Municipal C0rr1p1ex,300 Country Club Road,building 100, Wy1ie,'1'exas Date, Location&'l'irric of Planning.&Zoning Commission meeting: Tuesday, 1 ebruary 1,2022 6:00 pm Municipal Complex, 300 Country Club Road,Building 100,Wylie,"texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: �— (p Address: �r—, Signature: Date: �'Z PUBLIC COMMENT FORM (Please type or use black ink) Depa.t,v ent of-Planning 300 Country Club Road Building 100 Wylie,Texas 7.5098 f am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-(A. Plcase feel free to contact the Planning Department at 972.516.6320 with questions or concerns Date, location&Time oI' 1-listoric Revicw Commission Ibicctini: Thursday,January 27, 207.2 6:00 pm Municipal Complex,300 Country Club Road, Building 100, Wyiic,Texas; Date, Location&Time of Planning&Zoning Commission meeting: Tuesday, February I,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: p ! - - /"OL (please print) Address: C CDs' . Signature: COMMENTS: PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 1 am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. [am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04:. Please feel free to contact the Planning Department at 972.516,6320 with questions or concerns Date,location&Time of Hi-ttoric Review(:umniission Mcecing: Thursday,.iamm y 27 .'_021 fx00 pm Municipal Coniplex,300(:ountry Club Road, Building 100, Wylie, "exa Date, location&'lime of Planning&Zoning Commission meeting: Tuesday, [ebruai_y 1,2022 6:00 pm Municipal io0 t 'otintry Club Road, Building 100,Wylie.,"fcxas Date,Location&Time of City Council meeting: Tuesday, February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Name: _�✓,�In>n t� t/�(� 1, _— (please print) A, t/ Address: 3Q7 --'.`�_ Qe-(e Signature: Date: . COMMENTS. PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 I am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022--04. VI am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04 Please feel free to contact the Planning Department at 972.516.6320 with questions or concern. Date,Location &Time of Historic Review Commission 1Nleeting: Thursday,.ianuary 27,2022 6:00 pm Municipal Complex,300( ountry Club Road,Building 100,Wylie,Texas Date,Location&Time oI' Planning&Zoning Commission meeting: Tuesday, February I,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday, February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texa;'s �� G"uric Name. (please print) Address: ` Signature: -- `------9 --- Date: COMMENTS: PUBLIC COMMENT FORM (Please type or use black ink) Department of Planning 300 Country Club Road Building 100 Wylie,Texas 75098 1 am FOR the requested zoning as explained on the attached public notice for Zoning Case#2022-04. I am AGAINST the requested zoning as explained on the attached public notice for Zoning Case#2022-04 Please feel free to contact:the Planning Department at 972.516.6320 with questions or concerns Date, Location&Time of Historic Review Commission Meeting: Thursday,January 27,2022 6:00 pm Municipal Complex,300 Country Club Road,Building toll, Wylie,'Texas: Date,Location&Time of Planning&.Zoning Commission meeting: Tuesday, February 1,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas Date,Location&Time of City Council meeting: Tuesday,February 8,2022 6:00 pm Municipal Complex,300 Country Club Road,Building 100,Wylie,Texas (please print) -- Address: to 7 S -. otguaitstc• -- __ Date: -- COMMENTS: 02/22/2022 Item 3. IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Finance Account Code: Prepared By: Melissa Beard Subject Discussion and consideration of all matters incident and related to the issuance and sale of"City of Wylie, Texas, General Obligation Refunding and Improvement Bonds, Series 2022", including the adoption of Ordinance No. 2022-23 authorizing he issuance of such bonds and providing for the redemption of the obligations being refunded. Recommendation otion to approve Ordinance No. 2022-23 and all matters incident and related to the issuance of"City of Wylie, Texas, eneral Obligation Refunding and Improvement Bonds, Series 2022",as provided for in Agenda Item#3. Discussion In November 2021,voters approved$50.1 million of general obligation bonds which supports three propositions. Bonds will be issued as needed and only when projects are ready to move forward to minimize the impact on the I&S portion of the tax rate. This issue is for$5.5 million for early stages of design,planning, and implementation. Also included in this ordinance is authorization to refund two previous bond issues for cost savings: • Public Property Finance Contractual Obligations, Series 2012 • General Obligation Refunding Bonds, Series 2012 Bids will be received for the sale of these bonds on the morning of February 22,2022 and presented to Council at the regular meeting that evening by our financial advisors,Hilltop Securities. After bids are completed in the morning,our bond attorneys will complete the blank spaces within the body of the attached ordinance. The completed ordinance will be available for review by council before the meeting. Financial Summary/Strategic Goals he issuance of the refunding bonds will save the City in interest expense and help to offset some of the debt obligation of he new issuance. 69 02/22/2022 Item 3. ORDINANCE NO. 2022-23 AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF WYLIE, TEXAS,GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2022," SPECIFYING THE TERMS AND FEATURES OF SAID BONDS; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR THE PAYMENT OF SAID BONDS; PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING OBLIGATIONS OF THE CITY; AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO THE ISSUANCE, SALE, PAYMENT AND DELIVERY OF SAID BONDS, INCLUDING THE APPROVAL AND EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND THE APPROVAL AND DISTRIBUTION OF AN OFFICIAL STATEMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS,the City Council of the City of Wylie,Texas(the"City"),has heretofore issued,sold and delivered,and there are currently outstanding obligations,to wit(hereinafter collectively referred to as the"Refunded Obligations"): a) City of Wylie, Texas, General Obligation Refunding Bonds, Series 2012, dated July 15, 2012, scheduled to mature on February 15 in each of the years 2026 through 2029, inclusive, and aggregating in principal amount of$6,620,000 (the "Series 2012 Refunded Bonds"); b) City of Wylie, Texas, Public Property Finance Contractual Obligations, Series 2012,dated July 15,2012,scheduled to mature on February 15 in each of the years 2025,2028 and 2032,and aggregating in principal amount of$905,000(the"Series 2012 PPFCOs"); and WHEREAS, pursuant to the provisions of Texas Government Code, Chapter 1207, as amended ("Chapter 1207"),the City Council is authorized to issue refunding bonds and deposit the proceeds of sale directly with the place of payment for the Refunded Obligations or other authorized depository, and such deposit, when made in accordance with said statute and the ordinances authorizing the issuance of the Refunded Obligations, shall constitute the making of firm banking and financial arrangements for the discharge and final payment of the Refunded Obligations; and WHEREAS, the City Council herby finds and determines that the Refunded Obligations should be refunded at this time and such refunding will result in the City saving approximately $ in debt service payments on such indebtedness and will further provide a net present value savings of approximately$ ; and WHEREAS, in combination with the issuance of such refunding bonds, the City Council hereby finds and determines that general obligation bonds in the principal amount of$5,500,000 approved and authorized to be issued at an election held in the City on November 2, 2021 should be issued and sold at this time;a summary of the bonds approved by the voters at said election,the principal amounts authorized and respective purposes therefor, amounts heretofore issued and being issued pursuant to this ordinance and the amounts remaining to be issued subsequent hereto being as follows: Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 1 70 02/22/2022 Item 3. Amount Amount Election Amount Previously Being *Premium Unissued Date Purpose Authorized($) Issued($) Issued($) Applied($) Balance($) 11-2-2021 McMillen Dr,Park Blvd& 35,100,000 0 2,500,000 32,600,000 Ballard/Sachse Road Improvements 11-2-2021 General street improvements 10,000,000 0 2,000,000 8,000,000 11-2-2021 Downtown historic district 5,000,000 0 1,000,000 4,000,000 street improvements *Original issue premium,consisting of$ of premium allocated to the voted authorization is applied against the voted authorization referenced in the above table and results in a total amount of$ being allocated to and applied against the voted authorization. AND WHEREAS, the City Council hereby reserves and retains the right to issue the balance of unissued bonds approved at said election in one or more installments when, in the judgment of the City Council, funds are needed to accomplish the purposes for which such bonds were voted; NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1: Authorization - Designation - Principal Amount - Purpose. General obligation bonds of the City shall be and are hereby authorized to be issued in the aggregate principal amount of $ to be designated and bear the title "CITY OF WYLIE, TEXAS, GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2022" (hereinafter referred to as the "Bonds"), for the purposes of providing funds for(i)permanent public improvements and public purposes,to wit: (a) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing McMillen Drive, Park Boulevard and Ballard/Sachse Road, including sidewalks and necessary and related storm drainage facilities and improvements,utility relocations and the acquisition of any needed land and rights-of-way therefor, (b) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks, including necessary and related storm drainage facilities and improvements,utility relocations and the acquisition of any needed land and rights-of-way therefor and(c) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks in the Wylie downtown historic district, including necessary and related storm drainage facilities and improvements, utility relocations, street lighting, signage, noise abatements, traffic signalization and controls equipment and the acquisition of any needed land and rights-of-way therefor;(ii)the discharge and final payment of certain outstanding obligations of the City(identified in the preamble hereof and referred to as the "Refunded Obligations"); and (iii) to pay costs of issuance, in accordance with the Constitution and laws of the State of Texas including Chapters 1207 and 1331, as amended, of the Texas Government Code. SECTION 2: Fully Registered Obligations - Bond Date - Authorized Denominations - Stated Maturities - Interest Rates. The Bonds shall be issued as fully registered obligations only, shall be dated February 15,2022 (the"Bond Date"), shall be in denominations of$5,000 or any integral multiple(within a Stated Maturity) thereof, and shall become due and payable on February 15 in each of the years and in principal amounts (the"Stated Maturities")and bear interest at the rates per annum in accordance with the following schedule: Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 2 71 02/22/2022 Item 3. Year of Principal Interest Stated Maturity Amount($) Rates(%) 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 The Bonds shall bear interest on the unpaid principal amounts from the date of the initial delivery of the Bonds at the rates per annum shown above in this Section(calculated on the basis of a 360-day year of twelve 30-day months). Interest on the Bonds shall be payable on February 15 and August 15 in each year until maturity or prior redemption,commencing February 15,2023. SECTION 3: Terms of Payment - Paying Agent/Registrar. The principal of, premium, if any, and the interest on the Bonds, due and payable by reason of maturity, redemption or otherwise, shall be payable only to the registered owners or holders of the Bonds(hereinafter called the "Holders")appearing on the registration and transfer books (the "Security Register") maintained by the Paying Agent/Registrar and the payment thereof shall be in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, and shall be without exchange or collection charges to the Holders. The selection and appointment of The Bank of New York Mellon Trust Company, N.A., Dallas, Texas, to serve as Paying Agent/Registrar for the Bonds is hereby approved and confirmed. Books and records relating to the registration,payment, exchange and transfer of the Bonds (the "Security Register") shall at all times be kept and maintained on behalf of the City by the Paying Agent/Registrar,all as provided herein,in accordance with the terms and provisions of a"Paying Agent/Registrar Agreement,"substantially in the form attached hereto as Exhibit A and such reasonable rules and regulations as the Paying Agent/Registrar and the City may prescribe. The Mayor and City Secretary of the City are hereby authorized to execute and deliver such Paying Agent/Registrar Agreement in connection with the delivery of the Bonds. The City covenants to maintain and provide a Paying Agent/Registrar at all times until the Bonds are paid and discharged,and any successor Paying Agent/Registrar shall be a commercial bank,trust company,financial institution or other entity qualified and authorized to serve in such capacity and perform the duties and services of Paying Agent/Registrar. Upon any change in the Paying Agent/Registrar for the Bonds,the City agrees to promptly cause a written notice thereof to be sent to each Holder by United States Mail,first class postage prepaid,which notice shall also give the address of the new Paying Agent/Registrar. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 3 72 02/22/2022 Item 3. Principal of and premium, if any, on the Bonds shall be payable at the Stated Maturities or upon the earlier redemption thereof, only upon presentation and surrender of the Bonds to the Paying Agent/Registrar at its designated office initially in East Syracuse,New York;or,with respect to a successor Paying Agent/Registrar, at the designated offices of such successor (the "Designated Payment/Transfer Office"). Interest on the Bonds shall be paid to the Holders whose names appear in the Security Register at the close of business on the Record Date(the last business day of the month next preceding each interest payment date) and shall be paid by the Paying Agent/Registrar(i) by check sent United States Mail, first class postage prepaid, to the address of the Holder recorded in the Security Register or (ii) by such other method,acceptable to the Paying Agent/Registrar,requested by, and at the risk and expense of,the Holder. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday, Sunday, a legal holiday, or a day when banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. In the event of a non-payment of interest on a scheduled payment date, and for thirty (30) days thereafter,a new record date for such interest payment(a"Special Record Date")will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest(which shall be fifteen(15)days after the Special Record Date) shall be sent at least five(5)business days prior to the Special Record Date by United States Mail, first class postage prepaid, to the address of each Holder appearing on the Security Register at the close of business on the last business day next preceding the date of mailing of such notice. SECTION 4: Redemption. (a) Optional Redemption.The Bonds having Stated Maturities on and after February 15,2032, shall be subject to redemption prior to maturity, at the option of the City, in whole or in part in principal amounts of$5,000 or any integral multiple thereof(and if within a Stated Maturity by lot by the Paying Agent/Registrar), on February 15, 2031, or on any date thereafter, at the redemption price of par plus accrued interest to the date of redemption. At least forty-five (45) days prior to a redemption date for the Bonds (unless a shorter notification period shall be satisfactory to the Paying Agent/Registrar),the City shall notify the Paying Agent/Registrar of the decision to redeem Bonds,the principal amount of each Stated Maturity to be redeemed,and the date of redemption therefor. The decision of the City to exercise the right to redeem Bonds shall be entered in the minutes of the governing body of the City. (b) Selection of Bonds for Redemption. If less than all Outstanding Bonds of the same Stated Maturity are to be redeemed on a redemption date, the Paying Agent/Registrar shall treat such Bonds as representing the number of Bonds Outstanding which is obtained by dividing the principal amount of such Bonds by$5,000 and shall select the Bonds,or principal amount thereof,to be redeemed within such Stated Maturity by lot. (c) Notice of Redemption. Not less than thirty (30) days prior to a redemption date for the Bonds, a notice of redemption shall be sent by United States Mail, first class postage prepaid, in the name of the City and at the City's expense, to each Holder of a Bond to be redeemed in whole or in part at the address of the Holder appearing on the Security Register at the close of business on the business day next preceding the date of mailing such notice, and any notice of redemption so mailed shall be conclusively presumed to have been duly given irrespective of whether received by the Holder. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 4 73 02/22/2022 Item 3. All notices of redemption shall (i) specify the date of redemption for the Bonds, (ii) identify the Bonds to be redeemed and, in the case of a portion of the principal amount to be redeemed, the principal amount thereof to be redeemed, (iii) state the redemption price, (iv) state that the Bonds, or the portion of the principal amount thereof to be redeemed, shall become due and payable on the redemption date specified, and the interest thereon, or on the portion of the principal amount thereof to be redeemed, shall cease to accrue from and after the redemption date, and (v) specify that payment of the redemption price for the Bonds, or the principal amount thereof to be redeemed, shall be made at the Designated Payment/Transfer Office of the Paying Agent/Registrar only upon presentation and surrender thereof by the Holder. If a Bond is subject by its terms to prior redemption and has been called for redemption and notice of redemption thereof has been duly given as hereinabove provided, such Bond (or the principal amount thereof to be redeemed) shall become due and payable and interest thereon shall cease to accrue from and after the redemption date therefor;provided moneys sufficient for the payment of such Bond(or of the principal amount thereof to be redeemed) at the then applicable redemption price are held for the purpose of such payment by the Paying Agent/Registrar. (d) Conditional Notice of Redemption. With respect to any optional redemption of the Bonds, unless moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice may state that said redemption may, at the option of the City,be conditional upon the receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon the satisfaction of any prerequisites set forth in such notice of redemption;and,if sufficient moneys are not received, such notice shall be of no force and effect,the City shall not redeem such Bonds and the Paying Agent/Registrar shall give notice,in the manner in which the notice of redemption was given,to the effect that the Bonds have not been redeemed. SECTION 5: Registration - Transfer - Exchange of Bonds - Predecessor Bonds. The Paying Agent/Registrar shall obtain, record, and maintain in the Security Register the name and address of each and every owner of the Bonds issued under and pursuant to the provisions of this Ordinance, or if appropriate,the nominee thereof. Any Bond may be transferred or exchanged for Bonds of other authorized denominations by the Holder, in person or by his duly authorized agent, upon surrender of such Bond to the Paying Agent/Registrar at the Designated Payment/Transfer Office for cancellation, accompanied by a written instrument of transfer or request for exchange duly executed by the Holder or by his duly authorized agent, in form satisfactory to the Paying Agent/Registrar. Upon surrender of any Bond (other than the Initial Bond(s) referenced in Section 8 hereof) for transfer at the Designated Payment/Transfer Office of the Paying Agent/Registrar,one or more new Bonds shall be registered and issued to the assignee or transferee of the previous Holder; such Bonds to be in authorized denominations,of like Stated Maturity and of a like aggregate principal amount as the Bond or Bonds surrendered for transfer. At the option of the Holder, Bonds (other than the Initial Bond(s) referenced in Section 8 hereof) may be exchanged for other Bonds of authorized denominations and having the same Stated Maturity, bearing the same rate of interest and of like aggregate principal amount as the Bonds surrendered for exchange,upon surrender of the Bonds to be exchanged at the Designated Payment/Transfer Office of the Paying Agent/Registrar. Whenever any Bonds are surrendered for exchange, the Paying Agent/Registrar shall register and deliver new Bonds to the Holder requesting the exchange. All Bonds issued in any transfer or exchange of Bonds shall be delivered to the Holders at the Designated Payment/Transfer Office of the Paying Agent/Registrar or sent by United States Mail, first class,postage prepaid to the Holders, and,upon the registration and delivery thereof,the same shall be the Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 5 74 02/22/2022 Item 3. valid obligations of the City,evidencing the same obligation to pay,and entitled to the same benefits under this Ordinance,as the Bonds surrendered in such transfer or exchange. All transfers or exchanges of Bonds pursuant to this Section shall be made without expense or service charge to the Holder, except as otherwise herein provided, and except that the Paying Agent/Registrar shall require payment by the Holder requesting such transfer or exchange of any tax or other governmental charges required to be paid with respect to such transfer or exchange. Bonds canceled by reason of an exchange or transfer pursuant to the provisions hereof are hereby defined to be"Predecessor Bonds," evidencing all or a portion, as the case may be, of the same obligation to pay evidenced by the new Bond or Bonds registered and delivered in the exchange or transfer therefor. Additionally,the term"Predecessor Bonds"shall include any mutilated,lost,destroyed, or stolen Bond for which a replacement Bond has been issued, registered and delivered in lieu thereof pursuant to the provisions of Section 11 hereof and such new replacement Bond shall be deemed to evidence the same obligation as the mutilated, lost, destroyed, or stolen Bond. Neither the City nor the Paying Agent/Registrar shall be required to issue or transfer to an assignee of a Holder any Bond called for redemption,in whole or in part,within forty-five(45)days of the date fixed for the redemption of such Bond; provided, however, such limitation on transferability shall not be applicable to an exchange by the Holder of the unredeemed balance of a Bond called for redemption in part. SECTION 6: Book-Entry-Only Transfers and Transactions. Notwithstanding the provisions contained in Sections 3, 4, and 5 hereof relating to the payment, and transfer/exchange of the Bonds, the City hereby approves and authorizes the use of"Book-Entry-Only" securities clearance, settlement and transfer system provided by The Depository Trust Company ("DTC"), a limited purpose trust company organized under the laws of the State of New York, in accordance with the operational arrangements referenced in the Blanket Issuer Letter of Representations, by and between the City and DTC (the "Depository Agreement"). Pursuant to the Depository Agreement and the rules of DTC, the Bonds shall be deposited with DTC who shall hold said Bonds for its participants(the"DTC Participants"). While the Bonds are held by DTC under the Depository Agreement, the Holder of the Bonds on the Security Register for all purposes, including payment and notices, shall be Cede & Co., as nominee of DTC, notwithstanding the ownership of each actual purchaser or owner of each Bond(the"Beneficial Owners")being recorded in the records of DTC and DTC Participants. In the event DTC determines to discontinue serving as securities depository for the Bonds or otherwise ceases to provide book-entry clearance and settlement of securities transactions in general,or the City decides to discontinue use of the system of book-entry transfers through DTC,the City covenants and agrees with the Holders of the Bonds to cause Bonds to be printed in definitive form and provide for the Bond certificates to be issued and delivered to DTC Participants and Beneficial Owners, as the case may be. Thereafter, the Bonds in definitive form shall be assigned,transferred and exchanged on the Security Register maintained by the Paying Agent/Registrar and payment of such Bonds shall be made in accordance with the provisions of Sections 3,4 and 5 hereof SECTION 7: Execution - Registration. The Bonds shall be executed on behalf of the City by the Mayor under its seal reproduced or impressed thereon and countersigned by the City Secretary. The signature of said officers on the Bonds may be manual or facsimile. Bonds bearing the manual or facsimile signatures of individuals who are or were the proper officers of the City on the Bond Date shall be deemed to be duly executed on behalf of the City,notwithstanding that such individuals or either of them shall cease Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 6 ■ 02/22/2022 Item 3. to hold such offices at the time of delivery of the Bonds to the initial purchaser(s)and with respect to Bonds delivered in subsequent exchanges and transfers,all as authorized and provided in Texas Government Code, Chapter 1201, as amended. No Bond shall be entitled to any right or benefit under this Ordinance, or be valid or obligatory for any purpose,unless there appears on such Bond either a certificate of registration substantially in the form provided in Section 9(c),manually executed by the Comptroller of Public Accounts of the State of Texas, or his duly authorized agent, or a certificate of registration substantially in the form provided in Section 9(d),manually executed by an authorized officer,employee or representative of the Paying Agent/Registrar, and either such certificate duly signed upon any Bond shall be conclusive evidence,and the only evidence, that such Bond has been duly certified,registered and delivered. SECTION 8: Initial Bond(s). The Bonds herein authorized shall be initially issued either(i) as a single fully registered bond in the total principal amount shown in Section 1 hereof with principal installments to become due and payable as provided in Section 2 hereof and numbered T-1, or (ii) as multiple fully registered bonds,being one bond for each year of maturity in the applicable principal amount and denomination and to be numbered consecutively from T-1 and upward (hereinafter called the "Initial Bond(s)") and, in either case, the Initial Bond(s) shall be registered in the name of the initial purchaser(s) or the designee thereof. The Initial Bond(s) shall be the Bonds submitted to the Office of the Attorney General of the State of Texas for approval, certified and registered by the Office of the Comptroller of Public Accounts of the State of Texas and delivered to the initial purchaser(s). Any time after the delivery of the Initial Bond(s), the Paying Agent/Registrar, pursuant to written instructions from the initial purchaser(s), or the designee thereof, shall cancel the Initial Bond(s) delivered hereunder and exchange therefor definitive Bonds of authorized denominations, Stated Maturities, principal amounts and bearing applicable interest rates for transfer and delivery to the Holders named at the addresses identified therefor; all pursuant to and in accordance with such written instructions from the initial purchaser(s),or the designee thereof, and such other information and documentation as the Paying Agent/Registrar may reasonably require. SECTION 9: Forms. (a) Forms Generally. The Bonds, the Registration Certificate of the Comptroller of Public Accounts of the State of Texas, the Registration Certificate of Paying Agent/Registrar, and the form of Assignment to be printed on each of the Bonds, shall be substantially in the forms set forth in this Section with such appropriate insertions, omissions, substitutions,and other variations as are permitted or required by this Ordinance and may have such letters, numbers, or other marks of identification (including identifying numbers and letters of the Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such legends and endorsements (including insurance legends in the event the Bonds,or any maturities thereof,are purchased with insurance and any reproduction of an opinion of counsel)thereon as may, consistently herewith,be established by the City or determined by the officers executing such Bonds as evidenced by their execution. Any portion of the text of any Bonds may be set forth on the reverse thereof,with an appropriate reference thereto on the face of the Bond. The definitive Bonds and the Initial Bond(s) shall be printed, lithographed,engraved,typewritten, photocopied or otherwise reproduced in any other similar manner, all as determined by the officers executing such Bonds as evidenced by their execution thereof. (b) Form of Definitive Bond. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 7 76 02/22/2022 Item 3. REGISTERED REGISTERED NO. $ UNITED STATES OF AMERICA STATE OF TEXAS CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BOND SERIES 2022 Bond Date: Interest Rate: Stated Maturity: CUSIP NO: February 15,2022 February 15, 20 Registered Owner: Principal Amount: The City of Wylie (hereinafter referred to as the "City"), a body corporate and municipal corporation in the Counties of Collin, Dallas and Rockwall, State of Texas, for value received, acknowledges itself indebted to and hereby promises to pay to the registered owner named above, or the registered assigns thereof, on the Stated Maturity date specified above the Principal Amount hereinabove stated (or so much thereof as shall not have been redeemed prior to maturity) and to pay interest on the unpaid principal amount hereof from the interest payment date next preceding the "Registration Date" of this Bond appearing below(unless this Bond bears a"Registration Date"as of an interest payment date,in which case it shall bear interest from such date, or unless the "Registration Date" of this Bond is prior to the initial interest payment date in which case it shall bear interest from the date of the initial delivery of the Bonds) at the per annum rate of interest specified above computed on the basis of a 360-day year of twelve 30-day months;such interest being payable on February 15 and August 15 in each year until maturity or prior redemption,commencing February 15,2023. Principal of this Bond is payable at its Stated Maturity or upon its prior redemption to the registered owner hereof, upon presentation and surrender, at the Designated Payment/Transfer Office of the Paying Agent/Registrar executing the registration certificate appearing hereon, or its successor. Interest is payable to the registered owner of this Bond(or one or more Predecessor Bonds, as defined in the Ordinance hereinafter referenced) whose name appears on the "Security Register" maintained by the Paying Agent/Registrar at the close of business on the "Record Date,"which is the last business day of the month next preceding each interest payment date, and interest shall be paid by the Paying Agent/Registrar by check sent United States Mail, first class postage prepaid, to the address of the registered owner recorded in the Security Register or by such other method,acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday,Sunday,a legal holiday, or a day when banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday,legal holiday,or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. All payments of principal of,premium, if any, and interest on this Bond shall be without exchange or collection charges to the registered owner hereof and in any coin or currency of the United States of America,which at the time of payment is legal tender for the payment of public and private debts. This Bond is one of the series specified in its title issued in the aggregate principal amount of $ (herein referred to as the"Bonds")for the purposes of(i)providing funds for permanent public improvements and public purposes, to wit: (a) developing, engineering, constructing, reconstructing, Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 8 77 02/22/2022 Item 3. improving, repairing, extending, expanding and enhancing McMillen Drive, Park Boulevard and Ballard/Sachse Road, including sidewalks and necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights-of-way therefor, (b) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks, including necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights-of-way therefor and (c) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks in the Wylie downtown historic district, including necessary and related storm drainage facilities and improvements, utility relocations, street lighting, signage, noise abatements, traffic signalization and controls equipment and the acquisition of any needed land and rights-of-way therefor; (ii)providing funds for the discharge and final payment of certain outstanding obligations of the City (identified in the preamble hereof and referred to as the "Refunded Obligations"); and (iii) to pay costs of issuance, under and in strict conformity with the Constitution and laws of the State of Texas, including Texas Government Code, Chapter 1207 and Section 1331.052, as amended, and pursuant to an Ordinance adopted by the City Council of the City (herein referred to as the"Ordinance"). The Bonds maturing on and after February 15, 2032, may be redeemed prior to their Stated Maturities, at the option of the City, in whole or in part in principal amounts of$5,000 or any integral multiple thereof(and if within a Stated Maturity by lot by the Paying Agent/Registrar), on February 15, 2031,or on any date thereafter, at the redemption price of par,together with accrued interest to the date of redemption. At least thirty (30) days prior to a redemption date, the City shall cause a written notice of such redemption to be sent by United States Mail, first class postage prepaid, to the registered owners of each Bond to be redeemed at the address shown on the Security Register and subject to the terms and provisions relating thereto contained in the Ordinance. If this Bond (or any portion of its principal sum) shall have been duly called for redemption and notice of such redemption duly given,then upon the redemption date this Bond(or the portion of its principal sum to be redeemed) shall become due and payable, and interest hereon shall cease to accrue from and after the redemption date therefor,provided moneys for the payment of the redemption price and the interest on the principal amount to be redeemed to the date of redemption are held for the purpose of such payment by the Paying Agent/Registrar. In the event a portion of the principal amount of this Bond is to be redeemed and the registered owner is someone other than Cede& Co.,payment of the redemption price of such principal amount shall be made to the registered owner only upon presentation and surrender of this Bond to the Designated Payment/Transfer Office of the Paying Agent/Registrar, and a new Bond or Bonds of like maturity and interest rate in any authorized denominations provided by the Ordinance for the then unredeemed balance of the principal sum thereof will be issued to the registered owner,without charge. If this Bond is selected for redemption,in whole or in part,the City and the Paying Agent/Registrar shall not be required to transfer this Bond to an assignee of the registered owner within forty-five(45)days of the redemption date therefor; provided,however,such limitation on transferability shall not be applicable to an exchange by the registered owner of the unredeemed balance hereof in the event of its redemption in part. With respect to any optional redemption of the Bonds,unless moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice of redemption,such notice may state that said redemption may,at the option of the City,be conditional upon the receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon the satisfaction of any prerequisites set forth in such notice of redemption; and, if sufficient moneys are not received, such notice shall be of no force and effect,the City shall not redeem such Bonds and the Paying Agent/Registrar shall give notice,in the manner in which the notice of redemption was given,to the effect that the Bonds have not been redeemed. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 9 78 02/22/2022 Item 3. The Bonds are payable from the proceeds of an ad valorem tax levied, within the limitations prescribed by law,upon all taxable property in the City. Reference is hereby made to the Ordinance,a copy of which is on file in the Designated Payment/Transfer Office of the Paying Agent/Registrar, and to all of the provisions of which the registered owner of this Bond by the acceptance hereof hereby assents, for definitions of terms; the description of and the nature and extent of the tax levied for the payment of the Bonds;the terms and conditions relating to the transfer or exchange of this Bond;the conditions upon which the Ordinance may be amended or supplemented with or without the consent of the registered owners; the rights, duties, and obligations of the City and the Paying Agent/Registrar; the terms and provisions upon which this Bond may be discharged at or prior to its maturity or redemption, and deemed to be no longer Outstanding thereunder; and for other terms and provisions contained therein. Capitalized terms used herein and not otherwise defined herein have the meanings assigned in the Ordinance. This Bond, subject to certain limitations contained in the Ordinance, may be transferred on the Security Register only upon its presentation and surrender at the Designated Payment/Transfer Office of the Paying Agent/Registrar, with the Assignment hereon duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Paying Agent/Registrar duly executed by, the registered owner hereof, or his duly authorized agent. When a transfer on the Security Register occurs, one or more new fully registered Bonds of the same Stated Maturity,of authorized denominations,bearing the same rate of interest,and of the same aggregate principal amount will be issued by the Paying Agent/Registrar to the designated transferee or transferees. The City and the Paying Agent/Registrar, and any agent of either, shall treat the registered owner whose name appears on the Security Register (i) on the Record Date as the owner entitled to payment of interest hereon, (ii) on the date of surrender of this Bond as the owner entitled to payment of principal hereof at its Stated Maturity or upon its prior redemption, in whole or in part, and(iii)on any other date as the owner for all other purposes,and neither the City nor the Paying Agent/Registrar,or any agent of either, shall be affected by notice to the contrary. In the event of nonpayment of interest on a scheduled payment date and for thirty (30) days thereafter, a new record date for such interest payment (a "Special Record Date")will be established by the Paying Agent/Registrar,if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest(which shall be fifteen(15)days after the Special Record Date)shall be sent at least five (5) business days prior to the Special Record Date by United States Mail, first class postage prepaid, to the address of each registered owner appearing on the Security Register at the close of business on the last business day next preceding the date of mailing of such notice. It is hereby certified,recited,represented and declared that the City is a body corporate and political subdivision duly organized and legally existing under and by virtue of the Constitution and laws of the State of Texas; that the issuance of the Bonds is duly authorized by law; that all acts, conditions and things required to exist and be done precedent to and in the issuance of the Bonds to render the same lawful and valid obligations of the City have been properly done,have happened and have been performed in regular and due time, form and manner as required by the Constitution and laws of the State of Texas, and the Ordinance; that the Bonds do not exceed any Constitutional or statutory limitation; and that due provision has been made for the payment of the principal of and interest on the Bonds by the levy of a tax as aforestated. In case any provision in this Bond shall be invalid, illegal, or unenforceable, the validity, legality,and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. The terms and provisions of this Bond and the Ordinance shall be construed in accordance with and shall be governed by the laws of the State of Texas. IN WITNESS WHEREOF,the City Council of the City has caused this Bond to be duly executed under the official seal of the City as of the Bond Date. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 10 ■ 02/22/2022 Item 3. CITY OF WYLIE, TEXAS Mayor COUNTERSIGNED: City Secretary (SEAL) (c) Form of Registration Certificate of Comptroller of Public Accounts to appear on Initial Bond(s) only. REGISTRATION CERTIFICATE OF COMPTROLLER OF PUBLIC ACCOUNTS OFFICE OF THE COMPTROLLER ) OF PUBLIC ACCOUNTS ) REGISTER NO. THE STATE OF TEXAS ) I HEREBY CERTIFY that this Bond has been examined, certified as to validity and approved by the Attorney General of the State of Texas, and duly registered by the Comptroller of Public Accounts of the State of Texas. WITNESS my signature and seal of office this Comptroller of Public Accounts of the State of Texas (SEAL) (d) Form of Certificate of Paying Agent/Registrar to appear on Definitive Bonds only. REGISTRATION CERTIFICATE OF PAYING AGENT/REGISTRAR This Bond has been duly issued and registered under the provisions of the within-mentioned Ordinance; the bond or bonds of the above entitled and designated series originally delivered having been Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 I 1 80 02/22/2022 Item 3. approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts, as shown by the records of the Paying Agent/Registrar. The designated office of the Paying Agent/Registrar in East Syracuse,New York,is the Designated Payment/Transfer Office for this Bond. THE BANK OF NEW YORK MELLON TRUST COMPANY,N.A.,Dallas,Texas, as Paying Agent/Registrar Registration date: By Authorized Signature (e) Form of Assignment. ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto (Print or typewrite name, address and zip code of transferee): (Social Security or other identifying number ) the within Bond and all rights thereunder,and hereby irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof,with full power of substitution in the premises. DATED: NOTICE: The signature on this assignment must correspond with the name of the registered Signature guaranteed: owner as it appears on the face of the within Bond in every particular. (f) The Initial Bond(s) shall be in the form set forth in paragraph (b) of this Section, except that the form of the single fully registered Initial Bond shall be modified as follows: Heading and paragraph one shall be amended to read as follows: REGISTERED REGISTERED NO. T-1 $ UNITED STATES OF AMERICA STATE OF TEXAS CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BOND SERIES 2022 Bond Date: February 15,2022 Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 12 ■ 02/22/2022 Item 3. Registered Owner: Principal Amount: MILLION HUNDRED THOUSAND DOLLARS The City of Wylie (hereinafter referred to as the "City"), a body corporate and municipal corporation in the Counties of Collin, Dallas and Rockwall, State of Texas, for value received, acknowledges itself indebted to and hereby promises to pay the registered owner named above, or the registered assigns thereof,the Principal Amount hereinabove stated on February 15 in each of the years and in principal installments in accordance with the following schedule: YEAR OF PRINCIPAL INTEREST MATURITY INSTALLMENTS ($) RATE(%) (Information to be inserted from schedule in Section 2 hereof). (or so much principal thereof as shall not have been redeemed prior to maturity) and to pay interest on the unpaid principal installments hereof from the interest payment date next preceding the"Registration Date" of this Bond appearing below(unless this Bond bears a"Registration Date"as of an interest payment date, in which case it shall bear interest from such date,or unless the"Registration Date"of this Bond is prior to the initial interest payment date in which case it shall bear interest from the date of the initial delivery of the Bonds) at the per annum rates of interest specified above computed on the basis of a 360-day year of twelve 30-day months;such interest being payable on February 15 and August 15 in each year until maturity or prior redemption,commencing February 15,2023. Principal installments of this Bond are payable at its Stated Maturity or on a redemption date to the registered owner hereof by The Bank of New York Mellon Trust Company, N.A., Dallas, Texas (the "Paying Agent/Registrar"), upon presentation and surrender, at its designated offices,initially in Dallas,Texas;or,with respect to a successor paying agent/registrar,at the designated offices of such successor(the"Designated Payment/Transfer Office"). Interest is payable to the registered owner of this Bond whose name appears on the "Security Register" maintained by the Paying Agent/Registrar at the close of business on the "Record Date", which is the last business day of the month next preceding each interest payment date, and interest shall be paid by the Paying Agent/Registrar by check sent United States Mail, first class postage prepaid, to the address of the registered owner recorded in the Security Register or by such other method, acceptable to the Paying Agent/Registrar,requested by, and at the risk and expense of,the registered owner.If the date for the payment of the principal of or interest on the Bonds shall be a Saturday, Sunday, a legal holiday, or a day when banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed,then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday,or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. All payments of principal of,premium,if any, and interest on this Bond shall be without exchange or collection charges to the registered owner hereof and in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts. SECTION 10: Levy of Taxes. To provide for the payment of the "Debt Service Requirements" of the Bonds,being(i)the interest on the Bonds and(ii) a sinking fund for their redemption at maturity or prior redemption or a sinking fund of 2% (whichever amount is the greater), there is hereby levied, and there shall be annually assessed and collected in due time, form, and manner, a tax on all taxable property in the City,within the limitations prescribed by law,and such tax hereby levied on each one hundred dollars' valuation of taxable property in the City for the Debt Service Requirements of the Bonds shall be at a rate from year to year as will be ample and sufficient to provide funds each year to pay the Debt Service Requirements on said Bonds while Outstanding; full allowance being made for delinquencies and costs of collection; separate books and records relating to the receipt and disbursement of taxes levied,assessed and Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 13 82 02/22/2022 Item 3. collected for and on account of the Bonds shall be kept and maintained by the City at all times while the Bonds are Outstanding, and the taxes collected for the payment of the Debt Service Requirements on the Bonds shall be deposited to the credit of a"Special 2022 Bond Account"(the"Interest and Sinking Fund") maintained on the records of the City and deposited in a special fund maintained at an official depository of the City's funds;and such tax hereby levied,and to be assessed and collected annually,is hereby pledged to the payment of the Bonds. The Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director, individually or jointly, are hereby authorized and directed to cause to be transferred to the Paying Agent/Registrar for the Bonds, from funds on deposit in the Interest and Sinking Fund, amounts sufficient to fully pay and discharge promptly each installment of interest and principal of the Bonds as the same accrues or matures or comes due by reason of redemption prior to maturity; such transfers of funds to be made in such manner as will cause collected funds to be deposited with the Paying Agent/Registrar on or before each principal and interest payment date for the Bonds. SECTION 11: Mutilated,Destroyed,Lost and Stolen Bonds. In case any Bond shall be mutilated, or destroyed,lost or stolen,the Paying Agent/Registrar may execute and deliver a replacement Bond of like form and tenor, and in the same denomination and bearing a number not contemporaneously outstanding, in exchange and substitution for such mutilated Bond, or in lieu of and in substitution for such destroyed, lost or stolen Bond,only upon the approval of the City and after(i)the filing by the Holder thereof with the Paying Agent/Registrar of evidence satisfactory to the Paying Agent/Registrar of the destruction, loss or theft of such Bond, and of the authenticity of the ownership thereof and (ii) the furnishing to the Paying Agent/Registrar of indemnification in an amount satisfactory to hold the City and the Paying Agent/Registrar harmless. All expenses and charges associated with such indemnity and with the preparation, execution and delivery of a replacement Bond shall be borne by the Holder of the Bond mutilated, or destroyed, lost or stolen. Every replacement Bond issued pursuant to this Section shall be a valid and binding obligation, and shall be entitled to all the benefits of this Ordinance equally and ratably with all other Outstanding Bonds;notwithstanding the enforceability of payment by anyone of the destroyed, lost, or stolen Bonds. The provisions of this Section are exclusive and shall preclude(to the extent lawful)all other rights and remedies with respect to the replacement and payment of mutilated, destroyed, lost or stolen Bonds. SECTION 12: Satisfaction of Obligation of City. If the City shall pay or cause to be paid,or there shall otherwise be paid to the Holders, the principal of, premium, if any, and interest on the Bonds, at the times and in the manner stipulated in this Ordinance, then the pledge of taxes levied under this Ordinance and all covenants, agreements, and other obligations of the City to the Holders shall thereupon cease, terminate, and be discharged and satisfied. Bonds or any principal amount(s) thereof shall be deemed to have been paid within the meaning and with the effect expressed above in this Section when(i)money sufficient to pay in full such Bonds or the principal amount(s)thereof at maturity or to the redemption date therefor,together with all interest due thereon, shall have been irrevocably deposited with and held in trust by the Paying Agent/Registrar, or an authorized escrow agent, or(ii) Government Securities shall have been irrevocably deposited in trust with the Paying Agent/Registrar, or an authorized escrow agent, which Government Securities have been certified by an independent accounting or consulting firm to mature as to principal and interest in such amounts and at such times as will insure the availability,without reinvestment,of sufficient money,together with any moneys deposited therewith, if any,to pay when due the principal of and interest on such Bonds, or the principal amount(s) thereof, on and prior to the Stated Maturity thereof or(if notice of redemption has been duly given or waived or if irrevocable arrangements therefor acceptable to the Paying Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 14 83 02/22/2022 Item 3. Agent/Registrar have been made) the redemption date thereof. The City covenants that no deposit of moneys or Government Securities will be made under this Section and no use made of any such deposit which would cause the Bonds to be treated as "arbitrage bonds"within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, or regulations adopted pursuant thereto. Any moneys so deposited with the Paying Agent/Registrar, or an authorized escrow agent, and all income from Government Securities held in trust by the Paying Agent/Registrar, or an authorized escrow agent, pursuant to this Section which is not required for the payment of the Bonds, or any principal amount(s)thereof, or interest thereon with respect to which such moneys have been so deposited shall be remitted to the City or deposited as directed by the City. Furthermore, any money held by the Paying Agent/Registrar for the payment of the principal of and interest on the Bonds and remaining unclaimed for a period of three (3) years after the Stated Maturity, or applicable redemption date, of the Bonds such moneys were deposited and are held in trust to pay shall upon the request of the City be remitted to the City against a written receipt therefor. Notwithstanding the above and foregoing, any remittance of funds from the Paying Agent/Registrar to the City shall be subject to any applicable unclaimed property laws of the State of Texas. The term"Government Securities", as used herein, means (i) direct noncallable obligations of the United States of America, including obligations the principal of and interest on which are unconditionally guaranteed by the United States of America, (ii)noncallable obligations of an agency or instrumentality of the United States, including obligations unconditionally guaranteed or insured by the agency or instrumentality and, on the date of their acquisition or purchase by the City, are rated as to investment quality by a nationally recognized investment rating firm not less than AAA or its equivalent, (iii) noncallable obligations of a state or an agency or a county,municipality,or other political subdivision of a state that have been refunded and that,on the date of their acquisition or purchase by the City, are rated as to investment quality by a nationally recognized investment rating firm not less than AAA or its equivalent, and(iv)any other then authorized securities or obligations under applicable law that may be used to defease obligations such as the Bonds. SECTION 13: Ordinance a Contract -Amendments - Outstanding Bonds. This Ordinance shall constitute a contract with the Holders from time to time,be binding on the City, and shall not be amended or repealed by the City so long as any Bond remains Outstanding except as permitted in this Section and in Section 29. The City may, without the consent of or notice to any Holders, from time to time and at any time, amend this Ordinance in any manner not detrimental to the interests of the Holders, including the curing of any ambiguity, inconsistency, or formal defect or omission herein. In addition, the City may, with the consent of Holders holding a majority in aggregate principal amount of the Bonds then Outstanding affected thereby, amend, add to, or rescind any of the provisions of this Ordinance;provided that,without the consent of all Holders of Outstanding Bonds, no such amendment, addition, or rescission shall (1) extend the time or times of payment of the principal of, premium, if any, and interest on the Bonds, reduce the principal amount thereof,the redemption price therefor,or the rate of interest thereon,or in any other way modify the terms of payment of the principal of, premium, if any, or interest on the Bonds, (2) give any preference to any Bond over any other Bond, or(3)reduce the aggregate principal amount of Bonds required to be held by Holders for consent to any such amendment, addition, or rescission. The term"Outstanding",when used in this Ordinance with respect to Bonds, means as of the date of determination, all Bonds theretofore issued and delivered under this Ordinance,except: (1) those Bonds canceled by the Paying Agent/Registrar or delivered to the Paying Agent/Registrar for cancellation; Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 15 ■ 02/22/2022 Item 3. (2) those Bonds deemed to be duly paid by the City in accordance with the provisions of Section 12 hereof; and (3) those mutilated,destroyed,lost,or stolen Bonds which have been replaced with Bonds registered and delivered in lieu thereof as provided in Section 11 hereof. SECTION 14: Covenants to Maintain Tax-Exempt Status. (a) Definitions. When used in this Section 14, the following terms shall have the following meanings: "Closing Date"means the date on which the Bonds are first authenticated and delivered to the initial purchasers against payment therefor. "Code"means the Internal Revenue Code of 1986, as amended by all legislation, if any, effective on or before the Closing Date. "Computation Date"has the meaning set forth in Section 1.148-1(b)of the Regulations. "Gross Proceeds"means any proceeds as defined in Section 1.148-1(b)of the Regulations, and any replacement proceeds as defined in Section 1.148-1(c) of the Regulations, of the Bonds. "Investment"has the meaning set forth in Section 1.148-1(b) of the Regulations. "Nonpurpose Investment"means any investment property,as defined in Section 148(b)of the Code,in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds. "Rebate Amount"has the meaning set forth in Section 1.148-1(b)of the Regulations. "Regulations" means any proposed, temporary, or final Income Tax Regulations issued pursuant to Sections 103 and 141 through 150 of the Code,and 103 of the Internal Revenue Code of 1954,which are applicable to the Bonds. Any reference to any specific Regulation shall also mean, as appropriate, any proposed,temporary or final Income Tax Regulation designed to supplement,amend or replace the specific Regulation referenced. "Yield" of (1) any Investment has the meaning set forth in Section 1.148-5 of the Regulations; and (2) the Bonds has the meaning set forth in Section 1.148-4 of the Regulations. (b) Not to Cause Interest to Become Taxable. The City shall not use,permit the use of,or omit to use Gross Proceeds or any other amounts (or any property the acquisition, construction or improvement of which is to be financed directly or indirectly with Gross Proceeds)in a manner which if made or omitted, respectively,would cause the interest on any Bond to become includable in the gross income, as defined in Section 61 of the Code, of the owner thereof for federal income tax purposes. Without limiting the generality of the foregoing, unless and until the City receives a written opinion of counsel nationally recognized in the field of municipal bond law to the effect that failure to comply with such covenant will not adversely affect the exemption from federal income tax of the interest on any Bond, the City shall comply with each of the specific covenants in this Section. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 16 85 02/22/2022 Item 3. (c) No Private Use or Private Payments. Except as permitted by Section 141 of the Code and the Regulations and rulings thereunder,the City shall at all times prior to the last Stated Maturity of Bonds: (1) exclusively own, operate and possess all property the acquisition, construction or improvement of which is to be financed or refinanced directly or indirectly with Gross Proceeds of the Bonds(including property financed with Gross Proceeds of the Refunded Obligations), and not use or permit the use of such Gross Proceeds (including all contractual arrangements with terms different than those applicable to the general public)or any property acquired,constructed or improved with such Gross Proceeds in any activity carried on by any person or entity(including the United States or any agency,department and instrumentality thereof)other than a state or local government,unless such use is solely as a member of the general public; and (2) not directly or indirectly impose or accept any charge or other payment by any person or entity who is treated as using Gross Proceeds of the Bonds or any property the acquisition, construction or improvement of which is to be financed or refinanced directly or indirectly with such Gross Proceeds (including property financed with Gross Proceeds of the Refunded Obligations), other than taxes of general application within the City or interest earned on investments acquired with such Gross Proceeds pending application for their intended purposes. (d) No Private Loan. Except to the extent permitted by Section 141 of the Code and the Regulations and rulings thereunder,the City shall not use Gross Proceeds of the Bonds to make or finance loans to any person or entity other than a state or local government. For purposes of the foregoing covenant, such Gross Proceeds are considered to be"loaned"to a person or entity if:(1)property acquired,constructed or improved with such Gross Proceeds is sold or leased to such person or entity in a transaction which creates a debt for federal income tax purposes; (2) capacity in or service from such property is committed to such person or entity under a take-or-pay, output or similar contract or arrangement; or (3) indirect benefits, or burdens and benefits of ownership, of such Gross Proceeds or any property acquired, constructed or improved with such Gross Proceeds are otherwise transferred in a transaction which is the economic equivalent of a loan. (e) Not to Invest at Higher Yield. Except to the extent permitted by Section 148 of the Code and the Regulations and rulings thereunder,the City shall not at any time prior to the final Stated Maturity of the Bonds directly or indirectly invest Gross Proceeds in any Investment (or use Gross Proceeds to replace money so invested), if as a result of such investment the Yield from the Closing Date of all Investments acquired with Gross Proceeds (or with money replaced thereby), whether then held or previously disposed of, exceeds the Yield of the Bonds. (f) Not Federally Guaranteed. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder,the City shall not take or omit to take any action which would cause the Bonds to be federally guaranteed within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder. (g) Information Report. The City shall timely file the information required by Section 149(e) of the Code with the Secretary of the Treasury on Form 8038-G or such other form and in such place as the Secretary may prescribe. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 17 86 02/22/2022 Item 3. (h) Rebate of Arbitrage Profits. Except to the extent otherwise provided in Section 148(f) of the Code and the Regulations and rulings thereunder: (1) The City shall account for all Gross Proceeds (including all receipts, expenditures and investments thereof) on its books of account separately and apart from all other funds(and receipts,expenditures and investments thereof)and shall retain all records of accounting for at least six years after the day on which the last outstanding Bond is discharged. However,to the extent permitted by law, the City may commingle Gross Proceeds of the Bonds with other money of the City, provided that the City separately accounts for each receipt and expenditure of Gross Proceeds and the obligations acquired therewith. (2) Not less frequently than each Computation Date, the City shall calculate the Rebate Amount in accordance with rules set forth in Section 148(f) of the Code and the Regulations and rulings thereunder. The City shall maintain such calculations with its official transcript of proceedings relating to the issuance of the Bonds until six years after the final Computation Date. (3) As additional consideration for the purchase of the Bonds by the Underwriters and the loan of the money represented thereby and in order to induce such purchase by measures designed to insure the excludability of the interest thereon from the gross income of the owners thereof for federal income tax purposes, the City shall pay to the United States from the construction fund,other appropriate fund or,if permitted by applicable Texas statute, regulation or opinion of the Attorney General of the State of Texas, the Interest and Sinking Fund, the amount that when added to the future value of previous rebate payments made for the Bonds equals (i) in the case of a Final Computation Date as defined in Section 1.148- 3(e)(2) of the Regulations, one hundred percent (100%) of the Rebate Amount on such date; and(ii) in the case of any other Computation Date, ninety percent(90%)of the Rebate Amount on such date. In all cases,the rebate payments shall be made at the times,in the installments,to the place and in the manner as is or may be required by Section 148(f)of the Code and the Regulations and rulings thereunder, and shall be accompanied by Form 8038-T or such other forms and information as is or may be required by Section 148(f)of the Code and the Regulations and rulings thereunder. (4) The City shall exercise reasonable diligence to assure that no errors are made in the calculations and payments required by paragraphs(2)and(3), and if an error is made,to discover and promptly correct such error within a reasonable amount of time thereafter (and in all events within one hundred eighty(180)days after discovery of the error),including payment to the United States of any additional Rebate Amount owed to it, interest thereon, and any penalty imposed under Section 1.148-3(h) of the Regulations. (i) Not to Divert Arbitrage Profits. Except to the extent permitted by Section 148 of the Code and the Regulations and rulings thereunder,the City shall not, at any time prior to the earlier of the Stated Maturity or final payment of the Bonds, enter into any transaction that reduces the amount required to be Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 18 87 02/22/2022 Item 3. paid to the United States pursuant to Subsection (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm's length and had the Yield of the Bonds not been relevant to either party. (j) Bonds Not Hedge Bonds. (1) At the time the original bonds refunded by the Bonds were issued,the City reasonably expected to spend at least 85%of the spendable proceeds of such bonds within three years after such bonds were issued and(2) not more than 50% of the proceeds of the original bonds refunded by the Bonds were invested in Nonpurpose Investments having a substantially guaranteed Yield for a period of 4 years or more. (k) Current Refunding. A portion of the Bonds are a current refunding of the Refunded Obligations in that such Refunded Obligations will be paid or redeemed within 90 days of the date of the delivery of the Bonds. (1) Elections. The City hereby directs and authorizes the Mayor, Mayor Pro Tern, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director, either individually or jointly, to make elections permitted or required pursuant to the provisions of the Code or the Regulations, as they deem necessary or appropriate in connection with the Bonds, in the Certificate as to Tax Exemption or similar or other appropriate certificate, form or document. SECTION 15: Sale of Bonds - Official Statement Approval. Pursuant to a public sale for the Bonds,the bid submitted by (herein referred to as the"Underwriters")is declared to be the best bid received producing the lowest true interest cost rate to the City, and the sale of the Bonds to said Underwriters at the price of par plus a cash premium of$ , is hereby determined to be in the best interests of the City and is approved and confirmed. Delivery of the Bonds to the Underwriters shall occur as soon as possible upon payment being made therefor in accordance with the terms of sale. The Initial Bond shall be registered in the name as provided in the winning bid. Furthermore,the use of the Preliminary Official Statement by the Underwriters in connection with the public offering and sale of the Bonds is hereby ratified, confirmed and approved in all respects. The final Official Statement, which reflects the terms of sale (together with such changes approved by the Mayor,Mayor Pro Tem,City Secretary,City Manager,Interim City Manager,Assistant City Manager and Finance Director,any one or more of said officials), shall be and is hereby in all respects approved and the Underwriters are hereby authorized to use and distribute said final Official Statement, dated February 22, 2022, in the reoffering, sale and delivery of the Bonds to the public. The Mayor and City Secretary are further authorized to execute and deliver for and on behalf of the City copies of said Official Statement in final form as may be required by the Underwriters,and such final Official Statement in the form and content executed by said officials shall be deemed to be approved by the City Council and constitute the Official Statement authorized for distribution and use by the Underwriters. SECTION 16: Control and Custody of Bonds. The Mayor of the City shall be and is hereby authorized to take and have charge of all necessary orders and records pending investigation by the Attorney General of the State of Texas,including the printing and supply of definitive Bonds,and shall take and have charge and control of the Initial Bond(s) pending the approval thereof by the Attorney General, the registration thereof by the Comptroller of Public Accounts and the delivery thereof to the Underwriters. SECTION 17: Proceeds of Sale. Immediately following the delivery of the Bonds, the proceeds of sale,excluding the amount to be deposited with an official depository of the City to finance the permanent public improvements referenced in Section 1 hereof and that amount which is to be used to pay the costs of issuance, shall be deposited with the paying agent for the Refunded Obligations for the redemption of the Refunded Obligations on April 5,2022. The proceeds of sale of the Bonds not so deposited with the paying Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 19 88 02/22/2022 Item 3. agent for the Refunded Obligations for the refunding of the Refunded Obligations shall be disbursed for payment of costs of issuance and the aforesaid improvements. Any investment earnings realized shall be expended for such authorized projects and purposes or deposited in the Interest and Sinking Fund. Any surplus proceeds of sale of the Bonds, including investment earnings, remaining after completion of all authorized projects or purposes shall be deposited to the credit of the Interest and Sinking Fund. SECTION 18: Redemption of Refunded Obligations. (a) The Refunded Obligations shall be redeemed and the same are hereby called for redemption on April 5, 2022, at the price of par and accrued interest to the date of redemption. The City Secretary is hereby authorized and directed to file a copy of this Ordinance,together with suggested forms of notice of redemption to be sent to bondholders, with The Bank of New York Mellon Trust Company, N.A. (the current paying agent/registrar for the Refunded Obligations),in accordance with the redemption provisions applicable to such obligations; such suggested forms of notice of redemption being attached hereto as Exhibit B-1 and B-2 and incorporated herein by reference as a part of this Ordinance for all purposes. (b) The redemption of the Refunded Obligations described above being associated with the refunding of such Refunded Obligations, the approval, authorization and arrangements herein given and provided for the redemption of such Refunded Obligations on the redemption date designated therefor and in the manner provided shall be irrevocable upon the issuance and delivery of the Bonds; and the City Secretary is hereby authorized and directed to make all arrangements necessary to notify the holders of such Refunded Obligations of the City's decision to redeem such Refunded Obligations on the date and in the manner herein provided and in accordance with the ordinances authorizing the issuance of the Refunded Obligations and this Ordinance. SECTION 19: Notices to Holders - Waiver. Wherever this Ordinance provides for notice to Holders of any event, such notice shall be sufficiently given(unless otherwise herein expressly provided) if in writing and sent by United States Mail, first class postage prepaid, to the address of each Holder appearing in the Security Register at the close of business on the business day next preceding the mailing of such notice. In any case where notice to Holders is given by mail,neither the failure to mail such notice to any particular Holders, nor any defect in any notice so mailed, shall affect the sufficiency of such notice with respect to all other Bonds. Where this Ordinance provides for notice in any manner, such notice may be waived in writing by the Holder entitled to receive such notice,either before or after the event with respect to which such notice is given,and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Paying Agent/Registrar,but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. SECTION 20: Cancellation. All Bonds surrendered for payment,redemption,transfer,exchange, or replacement, if surrendered to the Paying Agent/Registrar, shall be promptly canceled by it and, if surrendered to the City, shall be delivered to the Paying Agent/Registrar and,if not already canceled, shall be promptly canceled by the Paying Agent/Registrar. The City may at any time deliver to the Paying Agent/Registrar for cancellation any Bonds previously certified or registered and delivered which the City may have acquired in any manner whatsoever, and all Bonds so delivered shall be promptly canceled by the Paying Agent/Registrar. All canceled Bonds held by the Paying Agent/Registrar shall be returned to the City. SECTION 21: Legal Opinion. The Underwriters' obligation to accept delivery of the Bonds is subject to being furnished a final opinion of Norton Rose Fulbright US LLP approving the Bonds as to their validity, said opinion to be dated and delivered as of the date of delivery and payment for the Bonds. A true and correct reproduction of said opinion or an executed counterpart thereof shall accompany the global Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 20 89 02/22/2022 Item 3. Bonds deposited with The Depository Trust Company or a reproduction thereof shall be printed on the definitive Bonds in the event the book-entry-only system shall be discontinued. The City Council confirms the continuation of the engagement of Norton Rose Fulbright US LLP as the City's bond counsel. SECTION 22: CUSIP Numbers. CUSIP numbers maybe printed or typed on the Bonds deposited with The Depository Trust Company or on printed definitive Bonds. It is expressly provided,however,that the presence or absence of CUSIP numbers on the definitive Bonds shall be of no significance or effect as regards the legality thereof and neither the City nor attorneys approving the Bonds as to legality are to be held responsible for CUSIP numbers incorrectly printed or typed on the definitive Bonds. SECTION 23: Benefits of Ordinance. Nothing in this Ordinance, expressed or implied, is intended or shall be construed to confer upon any person other than the City, the Paying Agent/Registrar and the Holders,any right,remedy,or claim,legal or equitable,under or by reason of this Ordinance or any provision hereof, this Ordinance and all its provisions being intended to be and being for the sole and exclusive benefit of the City,the Paying Agent/Registrar and the Holders. SECTION 24: Inconsistent Provisions. All ordinances, orders or resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance are hereby repealed to the extent of such conflict, and the provisions of this Ordinance shall be and remain controlling as to the matters contained herein. SECTION 25: Governing Law. This Ordinance shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. SECTION 26: Effect of Headings. The Section headings herein are for convenience of reference only and shall not affect the construction hereof. SECTION 27: Construction of Terms. If appropriate in the context of this Ordinance, words of the singular number shall be considered to include the plural,words of the plural number shall be considered to include the singular,and words of the masculine,feminine or neuter gender shall be considered to include the other genders. SECTION 28: Severability. If any provision of this Ordinance or the application thereof to any circumstance shall be held to be invalid,the remainder of this Ordinance and the application thereof to other circumstances shall nevertheless be valid, and the City Council hereby declares that this Ordinance would have been enacted without such invalid provision. SECTION 29: Continuing Disclosure Undertaking. (a) Definitions. As used in this Section, the following terms have the meanings ascribed to such terms below: "Financial Obligation" means a (a) debt obligation; (b) derivative instrument entered into in connection with,or pledged as security or a source of payment for, an existing or planned debt obligation; or(c)guarantee of a debt obligation or any such derivative instrument;provided that"financial obligation" shall not include municipal securities as to which a final official statement(as defined in the Rule)has been provided to the MSRB consistent with the Rule. "MSRB"means the Municipal Securities Rulemaking Board. Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 21 ■ 02/22/2022 Item 3. "Rule"means SEC Rule 15c2-12, as amended from time to time. "SEC"means the United States Securities and Exchange Commission. (b) Annual Reports. The City shall provide annually to the MSRB(1)within six months after the end of each fiscal year,beginning on or after 2022,financial information and operating data with respect to the City of the general type included under Tables numbered 1 through 6 and 8 through 15 in the final Official Statement, and (2) within twelve months after the end of each fiscal year, beginning on or after 2022, audited financial statements of the City. If audited financial statements are not available within 12 months after the end of any fiscal year,the City will provide unaudited financial statements by the required time,and audited financial statements when and if such audited financial statements become available. Any financial statements so provided shall be prepared in accordance with the accounting principles described in Appendix B of the Official Statement, or such other accounting principles as the City may be required to employ from time to time pursuant to state law or regulation, and audited, if the City commissions an audit of such statements and the audit is completed within the period during which they must be provided. If the City changes its fiscal year,it will notify the MSRB of the change(and of the date of the new fiscal year end)prior to the next date by which the City otherwise would be required to provide financial information and operating data pursuant to this Section. The financial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be included by specific reference to any document available to the public on the MSRB's Internet Web site or filed with the SEC. (c) Notice of Certain Events. The City shall provide notice of any of the following events with respect to the Bonds to the MSRB in a timely manner and not more than ten (10) business days after occurrence of the event: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults,if material; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB), or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds; 7. Modifications to rights of holders of the Bonds, if material; 8. Bond calls, if material, and tender offers; 9. Defeasances; 10. Release, substitution, or sale of property securing repayment of the Bonds,if material; 11. Rating changes; 12. Bankruptcy, insolvency, receivership, or similar event of the City, which shall occur as described below; Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 22 91 02/22/2022 Item 3. 13. The consummation of a merger,consolidation,or acquisition involving the City or the sale of all or substantially all of its assets, other than in the ordinary course of business, the entry into of a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; 14. Appointment of a successor or additional trustee or the change of name of a trustee, if material; 15. Incurrence of a Financial Obligation of the City, if material, or agreement to covenants, events of default,remedies,priority rights,or other similar terms of a Financial Obligation of the City,any of which affect security holders, if material; and 16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the City,any of which reflect financial difficulties. For these purposes, (a) any event described in the immediately preceding paragraph 12 is considered to occur when any of the following occur: the appointment of a receiver,fiscal agent,or similar officer for the City in a proceeding under the United States Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the City, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the City and (b) the City intends the words used in the immediately preceding paragraphs 15 and 16 in this Section to have the meanings ascribed to them in SEC Release No. 34-83885,dated August 20,2018. The City shall notify the MSRB, in a timely manner,of any failure by the City to provide financial information or operating data in accordance with subsection(b)of this Section by the time required by such Section. (d) Filings with the MSRB. All financial information, operating data, financial statements, notices and other documents provided to the MSRB in accordance with this Section shall be provided in an electronic format prescribed by the MSRB and shall be accompanied by identifying information as prescribed by the MSRB. (e) Limitations, Disclaimers and Amendments. The City shall be obligated to observe and perform the covenants specified in this Section for so long as,but only for so long as, the City remains an "obligated person" with respect to the Bonds within the meaning of the Rule, except that the City in any event will give the notice required by subsection(c) of this Section of any Bond calls and defeasance that cause the City to be no longer such an"obligated person." The provisions of this Section are for the sole benefit of the Holders and beneficial owners of the Bonds,and nothing in this Section,express or implied,shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The City undertakes to provide only the financial information, operating data, financial statements, and notices which it has expressly agreed to provide pursuant to this Section and does not hereby undertake to provide any other information that may be relevant or material to a complete presentation of the City's financial results, condition, or prospects or hereby undertake to update any information provided in accordance with this Section or otherwise, except as Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 23 92 02/22/2022 Item 3. expressly provided herein. The City does not make any representation or warranty concerning such information or its usefulness to a decision to invest in or sell Bonds at any future date. UNDER NO CIRCUMSTANCES SHALL THE CITY BE LIABLE TO THE HOLDER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON, IN CONTRACT OR TORT,FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY BREACH BY THE CITY,WHETHER NEGLIGENT OR WITHOUT FAULT ON ITS PART, OF ANY COVENANT SPECIFIED IN THIS SECTION, BUT EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNT OF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. No default by the City in observing or performing its obligations under this Section shall constitute a breach of or default under this Ordinance for purposes of any other provision of this Ordinance. Nothing in this Section is intended or shall act to disclaim, waive, or otherwise limit the duties of the City under federal and state securities laws. Notwithstanding anything herein to the contrary,the provisions of this Section may be amended by the City from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or a change in the identity,nature, status,or type of operations of the City,but only if(1) the provisions of this Section, as so amended, would have permitted an underwriter to purchase or sell Bonds in the primary offering of the Bonds in compliance with the Rule, taking into account any amendments or interpretations of the Rule to the date of such amendment, as well as such changed circumstances, and (2) either (a) the Holders of a majority in aggregate principal amount (or any greater amount required by any other provision of this Ordinance that authorizes such an amendment) of the Outstanding Bonds consent to such amendment or(b) a Person that is unaffiliated with the City (such as nationally recognized bond counsel) determines that such amendment will not materially impair the interests of the Holders and beneficial owners of the Bonds. The provisions of this Section may also be amended from time to time or repealed by the City if the SEC amends or repeals the applicable provisions of the Rule or a court of final jurisdiction determines that such provisions are invalid,but only if and to the extent that reservation of the City's right to do so would not prevent underwriters of the initial public offering of the Bonds from lawfully purchasing or selling Bonds in such offering. If the City so amends the provisions of this Section, it shall include with any amended financial information or operating data next provided in accordance with subsection (b) of this Section an explanation, in narrative form, of the reasons for the amendment and of the impact of any change in the type of financial information or operating data so provided. SECTION 30: Further Procedures. Any one or more of the Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director are hereby expressly authorized,empowered and directed from time to time and at any time to do and perform all such acts and things and to execute, acknowledge and deliver in the name and on behalf of the City all agreements, instruments, certificates or other documents, whether mentioned herein or not, as may be necessary or desirable in order to carry out the terms and provisions of this Ordinance and the issuance, sale and delivery of the Bonds. In addition,prior to the initial delivery of the Bonds,the Mayor,Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director or Bond Counsel to the City are each hereby authorized and directed to approve any changes or corrections to this Ordinance or to any of the documents authorized and approved by this Ordinance: (i)in order to cure any ambiguity, formal defect, or omission in the Ordinance or such other document; or(ii)as requested by the Attorney General of the State of Texas or his representative to obtain the approval of the Bonds by the Attorney General. In the event that any officer of the City whose signature shall appear on any document Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 24 93 02/22/2022 Item 3. shall cease to be such officer before the delivery of such document, such signature nevertheless shall be valid and sufficient for all purposes the same as if such officer had remained in office until such delivery. SECTION 31: Incorporation of Findings and Determinations. The findings and determinations of the City Council contained in the preamble hereof are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section. SECTION 32: Public Meeting. It is officially found, determined, and declared that the meeting at which this Ordinance 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 Ordinance,was given, all as required by Texas Government Code, Chapter 551, as amended. SECTION 33: Effective Date. This Ordinance shall take effect and be in full force immediately from and after its adoption on the date hereof in accordance with the provisions of Texas Government Code, Section 1201.028,as amended. DULY PASSED AND APPROVED by the City Council of the City of Wylie,Texas, this 22nd day of February,2022. Matthew O. Porter, Mayor ATTEST: Stephanie Storm,City Secretary (City Seal) Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 25 ■ 02/22/2022 Item 3. EXHIBIT A PAYING AGENT/REGISTRAR AGREEMENT Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 A-1 95 02/22/2022 Item 3. EXHIBIT B-1 NOTICE OF REDEMPTION CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING BONDS SERIES 2012 Dated: July 15,2012 NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on and after February 15, 2026, and aggregating in principal amount $6,620,000 have been called for redemption on April 5,2022 at the redemption price of par and accrued interest to the date of redemption,such obligations being identified as follows: Year of Principal CUSP Maturity Amount($) Number 2026 600,000 2027 625,000 2028 3,670,000 2029 1,725,000 ALL SUCH OBLIGATIONS shall become due and payable on April 5,2022,and interest thereon shall cease to accrue from and after said redemption date and payment of the redemption price of said obligations shall be paid to the registered owners of the obligations only upon presentation and surrender thereof to The Bank of New York Mellon Trust Company, N.A. at its designated offices at the following addresses: First Class/ Registered/Certified Express Delivery/Courier By Hand Only The Bank of New York Mellon The Bank of New York The Bank of New York Mellon Trust Trust Company,N.A. Mellon Trust Company,N.A. Company,N.A. Global Corporate Trust Global Corporate Trust Global Corporate Trust P.O. Box 396 111 Sanders Creek Pkwy. Corporate Trust Window East Syracuse,NY 13057 East Syracuse,NY 13057 101 Barclay Street, 1st Floor East New York,NY 10286 THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for the redemption of said obligations and pursuant to an ordinance by the City Council of the City of Wylie, Texas. THE BANK OF NEW YORK MELLON TRUST COMPANY,N.A. 2001 Bryan Street, 10th Floor Dallas,Texas 75201 Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 B-1 96 02/22/2022 Item 3. EXHIBIT B-2 NOTICE OF REDEMPTION CITY OF WYLIE, TEXAS PUBLIC PROPERTY FINANCE CONTRACTUAL OBLIGATIONS SERIES 2012 DATED: July 15,2012 NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on and after February 15,2025,and aggregating in principal amount$905,000 have been called for redemption on April 5,2022 at the redemption price of par and accrued interest to the date of redemption,such obligations being identified as follows: Year of Principal CUSP Maturity Amount($) Number 2025* 245,000 2028* 265,000 2032* 395,000 *term contracts ALL SUCH OBLIGATIONS shall become due and payable on April 5,2022,and interest thereon shall cease to accrue from and after said redemption date and payment of the redemption price of said obligations shall be paid to the registered owners of the obligations only upon presentation and surrender thereof to The Bank of New York Mellon Trust Company,N.A. at its designated offices at the following addresses: First Class/ Registered/Certified Express Delivery/Courier By Hand Only The Bank of New York Mellon The Bank of New York The Bank of New York Mellon Trust Trust Company,N.A. Mellon Trust Company,N.A. Company,N.A. Global Corporate Trust Global Corporate Trust Global Corporate Trust P.O. Box 396 111 Sanders Creek Pkwy. Corporate Trust Window East Syracuse,NY 13057 East Syracuse,NY 13057 101 Barclay Street, 1st Floor East New York,NY 10286 THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for the redemption of said obligations and pursuant to an ordinance by the City Council of the City of Wylie, Texas. THE BANK OF NEW YORK MELLON TRUST COMPANY,N.A. 2001 Bryan Street, 10th Floor Dallas, Texas 75201 Ordinance No.2022-23 General Obligation Refunding and Improvement Bonds,Series 2022 104698320.2/1001162288 B-2 97 ORDINANCE NO. 2022-23 AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF WYLIE, TEXAS, GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2022," SPECIFYING THE TERMS AND FEATURES OF SAID BONDS; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR THE PAYMENT OF SAID BONDS; PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING OBLIGATIONS OF THE CITY; AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO THE ISSUANCE, SALE, PAYMENT AND DELIVERY OF SAID BONDS, INCLUDING THE APPROVAL AND EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND THE APPROVAL AND DISTRIBUTION OF AN OFFICIAL STATEMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Wylie, Texas (the "City"), has heretofore issued, sold and delivered, and there are currently outstanding obligations, to wit (hereinafter collectively referred to as the "Refunded Obligations"): a) City of Wylie, Texas, General Obligation Refunding Bonds, Series 2012, dated July 15, 2012, scheduled to mature on February 15 in each of the years 2026 through 2029, inclusive, and aggregating in principal amount of $6,620,000 (the "Series 2012 Refunded Bonds"); b) City of Wylie, Texas, Public Property Finance Contractual Obligations, Series 2012, dated July 15, 2012, scheduled to mature on February 15 in each of the years 2025, 2028 and 2032, and aggregating in principal amount of $905,000 (the "Series 2012 PPFCOs"); and WHEREAS, pursuant to the provisions of Texas Government Code, Chapter 1207, as amended ("Chapter 1207"), the City Council is authorized to issue refunding bonds and deposit the proceeds of sale directly with the place of payment for the Refunded Obligations or other authorized depository, and such deposit, when made in accordance with said statute and the ordinances authorizing the issuance of the Refunded Obligations, shall constitute the making of firm banking and financial arrangements for the discharge and final payment of the Refunded Obligations; and WHEREAS, the City Council herby finds and determines that the Refunded Obligations should be refunded at this time and such refunding will result in the City saving approximately $565,632.92 in debt service payments on such indebtedness and will further provide a net present value savings of approximately $504,869.24; and WHEREAS, in combination with the issuance of such refunding bonds, the City Council hereby finds and determines that general obligation bonds in the principal amount of $5,235,000 approved and authorized to be issued at an election held in the City on November 2, 2021 should be issued and sold at this time; a summary of the bonds approved by the voters at said election, the Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 principal amounts authorized and respective purposes therefor, amounts heretofore issued and being issued pursuant to this ordinance and the amounts remaining to be issued subsequent hereto being as follows: Principal Amount Amount Amount *Premium Election Authorized Previously Being Applied ($) Unissued Date Purpose M Issued $ Issued $ Balance ($) 11-2-2021 McMillen Dr, Park Blvd & 35,100,00 0 2,380,000 120,000 32,600,000 Ballard/Sachse Road 0 Improvements (Prop. A) 11-2-2021 General street improvements 10,000,00 0 1,905,000 95,000 8,000,000 (Prop. B) 0 11-2-2021 Downtown historic district 5,000,000 0 950,000 50,000 4,000,000 street improvements (Prop C) Totals: 50,100,00 0 5,235,000 265,000 44,600,000 0 "Original issue premium in the amount of $120,000 allocated to the specific street improvements voted authorization in Prop. A is applied against the specific street improvements voted authorization in Prop. A referenced in the above table and results in a total amount of $2,500,000 being allocated to and applied against the specific street improvements voted authorization in Prop. A; original issue premium in the amount of $95,000 allocated to the general street improvement voted authorization in Prop. B is applied against the general street improvement voted authorization in Prop. B referenced in the above table and results in a total amount of $2,000,000 being allocated to and applied against the general street improvement voted authorization in Prop. B and original issue premium in the amount of $50,000 allocated to the downtown historic district street improvements voted authorization in Prop. C is applied against the downtown historic district street improvements voted authorization in Prop. C referenced in the above table and results in a total amount of $1,000,000 being allocated to and applied against the downtown historic district street improvements voted authorization in Prop. C. AND WHEREAS, the City Council hereby reserves and retains the right to issue the balance of unissued bonds approved at said election in one or more installments when, in the judgment of the City Council, funds are needed to accomplish the purposes for which such bonds were voted; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1: Authorization - Designation - Principal Amount - Purpose. General obligation bonds of the City shall be and are hereby authorized to be issued in the aggregate principal amount of $12,005,000 to be designated and bear the title "CITY OF WYLIE, TEXAS, GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2022" (hereinafter referred to as the "Bonds"), for the purposes of providing funds for (i) permanent public improvements and public purposes, to wit: (a) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing McMillen Drive, Park Boulevard and Ballard/Sachse Road, including sidewalks and necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights - of -way therefor, (b) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks, including necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights -of -way therefor and (c) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 2 thoroughfares, alleys and sidewalks in the Wylie downtown historic district, including necessary and related storm drainage facilities and improvements, utility relocations, street lighting, signage, noise abatements, traffic signalization and controls equipment and the acquisition of any needed land and rights -of -way therefor; (ii) the discharge and final payment of certain outstanding obligations of the City (identified in the preamble hereof and referred to as the "Refunded Obligations"); and (iii) to pay costs of issuance, in accordance with the Constitution and laws of the State of Texas including Chapters 1207 and 1331, as amended, of the Texas Government Code. SECTION 2: Fully Registered Obligations - Bond Date - Authorized Denominations - Stated Maturities - Interest Rates. The Bonds shall be issued as fully registered obligations only, shall be dated February 15, 2022 (the "Bond Date"), shall be in denominations of $5,000 or any integral multiple (within a Stated Maturity) thereof, and shall become due and payable on February 15 in each of the years and in principal amounts (the "Stated Maturities") and bear interest at the rates per annum in accordance with the following schedule: Year of Principal Interest Stated Maturity Amount ($) Rates 2023 125,000 3.000 2024 195,000 3.000 2025 200,000 3.000 2026 805,000 3.000 2027 835,000 3.000 2028 3,900,000 4.000 2029 1,985,000 4.000 2030 275,000 4.000 2031 290,000 4.000 2032 305,000 4.000 2034 545,000 3.000 2036 580,000 3.000 2038 620,000 3.000 2040 650,000 3.000 2042 695,000 3.000 The Bonds shall bear interest on the unpaid principal amounts from the date of the initial delivery of the Bonds at the rates per annum shown above in this Section (calculated on the basis of a 360-day year of twelve 30-day months). Interest on the Bonds shall be payable on February 15 and August 15 in each year until maturity or prior redemption, commencing February 15, 2023. SECTION 3: Terms of Payment - Paying Agent/Registrar. The principal of, premium, if any, and the interest on the Bonds, due and payable by reason of maturity, redemption or otherwise, shall be payable only to the registered owners or holders of the Bonds (hereinafter called the Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 3 "Holders") appearing on the registration and transfer books (the "Security Register") maintained by the Paying Agent/Registrar and the payment thereof shall be in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, and shall be without exchange or collection charges to the Holders. The selection and appointment of The Bank of New York Mellon Trust Company, N.A., Dallas, Texas, to serve as Paying Agent/Registrar for the Bonds is hereby approved and confirmed. Books and records relating to the registration, payment, exchange and transfer of the Bonds (the "Security Register") shall at all times be kept and maintained on behalf of the City by the Paying Agent/Registrar, all as provided herein, in accordance with the terms and provisions of a "Paying Agent/Registrar Agreement," substantially in the form attached hereto as Exhibit A and such reasonable rules and regulations as the Paying Agent/Registrar and the City may prescribe. The Mayor and City Secretary of the City are hereby authorized to execute and deliver such Paying Agent/Registrar Agreement in connection with the delivery of the Bonds. The City covenants to maintain and provide a Paying Agent/Registrar at all times until the Bonds are paid and discharged, and any successor Paying Agent/Registrar shall be a commercial bank, trust company, financial institution or other entity qualified and authorized to serve in such capacity and perform the duties and services of Paying Agent/Registrar. Upon any change in the Paying Agent/Registrar for the Bonds, the City agrees to promptly cause a written notice thereof to be sent to each Holder by United States Mail, first class postage prepaid, which notice shall also give the address of the new Paying Agent/Registrar. Principal of and premium, if any, on the Bonds shall be payable at the Stated Maturities or upon the earlier redemption thereof, only upon presentation and surrender of the Bonds to the Paying Agent/Registrar at its designated office initially in East Syracuse, New York; or, with respect to a successor Paying Agent/Registrar, at the designated offices of such successor (the "Designated Payment/Transfer Office"). Interest on the Bonds shall be paid to the Holders whose names appear in the Security Register at the close of business on the Record Date (the last business day of the month next preceding each interest payment date) and shall be paid by the Paying Agent/Registrar (i) by check sent United States Mail, first class postage prepaid, to the address of the Holder recorded in the Security Register or (ii) by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the Holder. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday, Sunday, a legal holiday, or a day when banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. In the event of a non-payment of interest on a scheduled payment date, and for thirty (30) days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (which shall be fifteen (15) days after the Special Record Date) shall be sent at least five (5) business days prior to the Special Record Date by United States Mail, first class postage prepaid, to the address of each Holder appearing on the Security Register at the close of business on the last business day next preceding the date of mailing of such notice. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 4 SECTION 4: Redemption. (a) Optional Redemption. The Bonds having Stated Maturities on and after February 15, 2032, shall be subject to redemption prior to maturity, at the option of the City, in whole or in part in principal amounts of $5,000 or any integral multiple thereof (and if within a Stated Maturity by lot by the Paying Agent/Registrar), on February 15, 2031, or on any date thereafter, at the redemption price of par plus accrued interest to the date of redemption. At least forty-five (45) days prior to a redemption date for the Bonds (unless a shorter notification period shall be satisfactory to the Paying Agent/Registrar), the City shall notify the Paying Agent/Registrar of the decision to redeem Bonds, the principal amount of each Stated Maturity to be redeemed, and the date of redemption therefor. The decision of the City to exercise the right to redeem Bonds shall be entered in the minutes of the governing body of the City. (b) MandatoryRedemption. The Bonds having Stated Maturities of February 15 in the years 2034, 2036, 2038, 2040 and 2042 (collectively, the "Term Bonds") shall be subject to mandatory redemption in part prior to maturity at the redemption price of par and accrued interest to the date of redemption on the respective dates and in principal amounts as follows: Term Bonds due February 15, 2034 Term Bonds due February 15, 2036 Principal Principal Redemption Date Amount ($1 Redemption Date Amount ($1 February 15, 2033 270,000 February 15, 2035 285,000 February 15, 2034 (maturity) 275,000 February 15, 2036 (maturity) 295,000 Term Bonds due February 15, 2038 Principal Redemption Date Amount ($1 February 15, 2037 305,000 February 15, 2038 (maturity) 315,000 Term Bonds due February 15. 2042 Principal Redemption Date Amount ($1 February 15, 2041 340,000 February 15, 2042 (maturity) 355,000 Term Bonds due February 15, 2040 Principal Redemption Date Amount ($1 February 15, 2039 320,000 February 15, 2040 (maturity) 330,000 At least forty-five (45) days prior to the mandatory redemption date for the Term Bonds, the Paying Agent/Registrar shall select by lot the numbers of the Term Bonds to be redeemed on the next following February 15 from moneys set aside for that purpose in the Interest and Sinking Fund (as hereinafter defined). Any Term Bond not selected for prior redemption shall be paid on the date of its Stated Maturity. The principal amount of the Term Bonds required to be redeemed on a mandatory redemption date may be reduced, at the option of the City, by the principal amount of Term Bonds which, at least fifty (50) days prior to the mandatory redemption date, (1) shall have been acquired by the City at a price not exceeding the principal amount of such Term Bonds plus accrued interest Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 5 to the date of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation or (2) shall have been redeemed pursuant to the optional redemption provisions set forth in paragraph (a) of this Section and not theretofore credited against a mandatory redemption requirement. (c) Selection of Bonds for Redemption. If less than all Outstanding Bonds of the same Stated Maturity are to be redeemed on a redemption date, the Paying Agent/Registrar shall treat such Bonds as representing the number of Bonds Outstanding which is obtained by dividing the principal amount of such Bonds by $5,000 and shall select the Bonds, or principal amount thereof, to be redeemed within such Stated Maturity by lot. (d) Notice of Redemption. Not less than thirty (30) days prior to a redemption date for the Bonds, a notice of redemption shall be sent by United States Mail, first class postage prepaid, in the name of the City and at the City's expense, to each Holder of a Bond to be redeemed in whole or in part at the address of the Holder appearing on the Security Register at the close of business on the business day next preceding the date of mailing such notice, and any notice of redemption so mailed shall be conclusively presumed to have been duly given irrespective of whether received by the Holder. All notices of redemption shall (i) specify the date of redemption for the Bonds, (ii) identify the Bonds to be redeemed and, in the case of a portion of the principal amount to be redeemed, the principal amount thereof to be redeemed, (iii) state the redemption price, (iv) state that the Bonds, or the portion of the principal amount thereof to be redeemed, shall become due and payable on the redemption date specified, and the interest thereon, or on the portion of the principal amount thereof to be redeemed, shall cease to accrue from and after the redemption date, and (v) specify that payment of the redemption price for the Bonds, or the principal amount thereof to be redeemed, shall be made at the Designated Payment/Transfer Office of the Paying Agent/Registrar only upon presentation and surrender thereof by the Holder. If a Bond is subject by its terms to prior redemption and has been called for redemption and notice of redemption thereof has been duly given as hereinabove provided, such Bond (or the principal amount thereof to be redeemed) shall become due and payable and interest thereon shall cease to accrue from and after the redemption date therefor; provided moneys sufficient for the payment of such Bond (or of the principal amount thereof to be redeemed) at the then applicable redemption price are held for the purpose of such payment by the Paying Agent/Registrar. (e) Conditional Notice of Redemption. With respect to any optional redemption of the Bonds, unless moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice may state that said redemption may, at the option of the City, be conditional upon the receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon the satisfaction of any prerequisites set forth in such notice of redemption; and, if sufficient moneys are not received, such notice shall be of no force and effect, the City shall not redeem such Bonds and the Paying Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to the effect that the Bonds have not been redeemed. SECTION 5: Registration - Transfer - Exchange of Bonds - Predecessor Bonds. The Paying Agent/Registrar shall obtain, record, and maintain in the Security Register the name and Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 6 address of each and every owner of the Bonds issued under and pursuant to the provisions of this Ordinance, or if appropriate, the nominee thereof. Any Bond may be transferred or exchanged for Bonds of other authorized denominations by the Holder, in person or by his duly authorized agent, upon surrender of such Bond to the Paying Agent/Registrar at the Designated Payment/Transfer Office for cancellation, accompanied by a written instrument of transfer or request for exchange duly executed by the Holder or by his duly authorized agent, in form satisfactory to the Paying Agent/Registrar. Upon surrender of any Bond (other than the Initial Bond(s) referenced in Section 8 hereof) for transfer at the Designated Payment/Transfer Office of the Paying Agent/Registrar, one or more new Bonds shall be registered and issued to the assignee or transferee of the previous Holder; such Bonds to be in authorized denominations, of like Stated Maturity and of a like aggregate principal amount as the Bond or Bonds surrendered for transfer. At the option of the Holder, Bonds (other than the Initial Bond(s) referenced in Section 8 hereof) may be exchanged for other Bonds of authorized denominations and having the same Stated Maturity, bearing the same rate of interest and of like aggregate principal amount as the Bonds surrendered for exchange, upon surrender of the Bonds to be exchanged at the Designated Payment/Transfer Office of the Paying Agent/Registrar. Whenever any Bonds are surrendered for exchange, the Paying Agent/Registrar shall register and deliver new Bonds to the Holder requesting the exchange. All Bonds issued in any transfer or exchange of Bonds shall be delivered to the Holders at the Designated Payment/Transfer Office of the Paying Agent/Registrar or sent by United States Mail, first class, postage prepaid to the Holders, and, upon the registration and delivery thereof, the same shall be the valid obligations of the City, evidencing the same obligation to pay, and entitled to the same benefits under this Ordinance, as the Bonds surrendered in such transfer or exchange. All transfers or exchanges of Bonds pursuant to this Section shall be made without expense or service charge to the Holder, except as otherwise herein provided, and except that the Paying Agent/Registrar shall require payment by the Holder requesting such transfer or exchange of any tax or other governmental charges required to be paid with respect to such transfer or exchange. Bonds canceled by reason of an exchange or transfer pursuant to the provisions hereof are hereby defined to be "Predecessor Bonds," evidencing all or a portion, as the case may be, of the same obligation to pay evidenced by the new Bond or Bonds registered and delivered in the exchange or transfer therefor. Additionally, the term "Predecessor Bonds" shall include any mutilated, lost, destroyed, or stolen Bond for which a replacement Bond has been issued, registered and delivered in lieu thereof pursuant to the provisions of Section 11 hereof and such new replacement Bond shall be deemed to evidence the same obligation as the mutilated, lost, destroyed, or stolen Bond. Neither the City nor the Paying Agent/Registrar shall be required to issue or transfer to an assignee of a Holder any Bond called for redemption, in whole or in part, within forty-five (45) days of the date fixed for the redemption of such Bond; provided, however, such limitation on Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 7 transferability shall not be applicable to an exchange by the Holder of the unredeemed balance of a Bond called for redemption in part. SECTION 6: Book -Entry -Only Transfers and Transactions. Notwithstanding the provisions contained in Sections 3, 4, and 5 hereof relating to the payment, and transfer/exchange of the Bonds, the City hereby approves and authorizes the use of "Book -Entry -Only" securities clearance, settlement and transfer system provided by The Depository Trust Company ("DTC"), a limited purpose trust company organized under the laws of the State of New York, in accordance with the operational arrangements referenced in the Blanket Issuer Letter of Representations, by and between the City and DTC (the "Depository Agreement"). Pursuant to the Depository Agreement and the rules of DTC, the Bonds shall be deposited with DTC who shall hold said Bonds for its participants (the "DTC Participants"). While the Bonds are held by DTC under the Depository Agreement, the Holder of the Bonds on the Security Register for all purposes, including payment and notices, shall be Cede & Co., as nominee of DTC, notwithstanding the ownership of each actual purchaser or owner of each Bond (the "Beneficial Owners") being recorded in the records of DTC and DTC Participants. In the event DTC determines to discontinue serving as securities depository for the Bonds or otherwise ceases to provide book -entry clearance and settlement of securities transactions in general, or the City decides to discontinue use of the system of book -entry transfers through DTC, the City covenants and agrees with the Holders of the Bonds to cause Bonds to be printed in definitive form and provide for the Bond certificates to be issued and delivered to DTC Participants and Beneficial Owners, as the case may be. Thereafter, the Bonds in definitive form shall be assigned, transferred and exchanged on the Security Register maintained by the Paying Agent/Registrar and payment of such Bonds shall be made in accordance with the provisions of Sections 3, 4 and 5 hereof. SECTION 7: Execution - Registration. The Bonds shall be executed on behalf of the City by the Mayor under its seal reproduced or impressed thereon and countersigned by the City Secretary. The signature of said officers on the Bonds may be manual or facsimile. Bonds bearing the manual or facsimile signatures of individuals who are or were the proper officers of the City on the Bond Date shall be deemed to be duly executed on behalf of the City, notwithstanding that such individuals or either of them shall cease to hold such offices at the time of delivery of the Bonds to the initial purchaser(s) and with respect to Bonds delivered in subsequent exchanges and transfers, all as authorized and provided in Texas Government Code, Chapter 1201, as amended. No Bond shall be entitled to any right or benefit under this Ordinance, or be valid or obligatory for any purpose, unless there appears on such Bond either a certificate of registration substantially in the form provided in Section 9(c), manually executed by the Comptroller of Public Accounts of the State of Texas, or his duly authorized agent, or a certificate of registration substantially in the form provided in Section 9(d), manually executed by an authorized officer, employee or representative of the Paying Agent/Registrar, and either such certificate duly signed upon any Bond shall be conclusive evidence, and the only evidence, that such Bond has been duly certified, registered and delivered. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 8 SECTION 8: Initial Bond(s). The Bonds herein authorized shall be initially issued either (i) as a single fully registered bond in the total principal amount shown in Section 1 hereof with principal installments to become due and payable as provided in Section 2 hereof and numbered T-1, or (ii) as multiple fully registered bonds, being one bond for each year of maturity in the applicable principal amount and denomination and to be numbered consecutively from T-1 and upward (hereinafter called the "Initial Bond(s)") and, in either case, the Initial Bond(s) shall be registered in the name of the initial purchaser(s) or the designee thereof. The Initial Bond(s) shall be the Bonds submitted to the Office of the Attorney General of the State of Texas for approval, certified and registered by the Office of the Comptroller of Public Accounts of the State of Texas and delivered to the initial purchaser(s). Any time after the delivery of the Initial Bond(s), the Paying Agent/Registrar, pursuant to written instructions from the initial purchaser(s), or the designee thereof, shall cancel the Initial Bond(s) delivered hereunder and exchange therefor definitive Bonds of authorized denominations, Stated Maturities, principal amounts and bearing applicable interest rates for transfer and delivery to the Holders named at the addresses identified therefor; all pursuant to and in accordance with such written instructions from the initial purchaser(s), or the designee thereof, and such other information and documentation as the Paying Agent/Registrar may reasonably require. SECTION 9: Forms. (a) Forms Generally. The Bonds, the Registration Certificate of the Comptroller of Public Accounts of the State of Texas, the Registration Certificate of Paying Agent/Registrar, and the form of Assignment to be printed on each of the Bonds, shall be substantially in the forms set forth in this Section with such appropriate insertions, omissions, substitutions, and other variations as are permitted or required by this Ordinance and may have such letters, numbers, or other marks of identification (including identifying numbers and letters of the Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such legends and endorsements (including insurance legends in the event the Bonds, or any maturities thereof, are purchased with insurance and any reproduction of an opinion of counsel) thereon as may, consistently herewith, be established by the City or determined by the officers executing such Bonds as evidenced by their execution. Any portion of the text of any Bonds may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Bond. The definitive Bonds and the Initial Bond(s) shall be printed, lithographed, engraved, typewritten, photocopied or otherwise reproduced in any other similar manner, all as determined by the officers executing such Bonds as evidenced by their execution thereof. (b) Form of Definitive Bond. REGISTERED REGISTERED NO. $ UNITED STATES OF AMERICA STATE OF TEXAS CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BOND SERIES 2022 Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 9 Bond Date: Interest Rate: Stated Maturity: CUSIP NO: February 15, 2022 February 15, 20 Registered Owner: Principal Amount: The City of Wylie (hereinafter referred to as the "City"), a body corporate and municipal corporation in the Counties of Collin, Dallas and Rockwall, State of Texas, for value received, acknowledges itself indebted to and hereby promises to pay to the registered owner named above, or the registered assigns thereof, on the Stated Maturity date specified above the Principal Amount hereinabove stated (or so much thereof as shall not have been redeemed prior to maturity) and to pay interest on the unpaid principal amount hereof from the interest payment date next preceding the "Registration Date" of this Bond appearing below (unless this Bond bears a "Registration Date" as of an interest payment date, in which case it shall bear interest from such date, or unless the "Registration Date" of this Bond is prior to the initial interest payment date in which case it shall bear interest from the date of the initial delivery of the Bonds) at the per annum rate of interest specified above computed on the basis of a 360-day year of twelve 30-day months; such interest being payable on February 15 and August 15 in each year until maturity or prior redemption, commencing February 15, 2023. Principal of this Bond is payable at its Stated Maturity or upon its prior redemption to the registered owner hereof, upon presentation and surrender, at the Designated Payment/Transfer Office of the Paying Agent/Registrar executing the registration certificate appearing hereon, or its successor. Interest is payable to the registered owner of this Bond (or one or more Predecessor Bonds, as defined in the Ordinance hereinafter referenced) whose name appears on the "Security Register" maintained by the Paying Agent/Registrar at the close of business on the "Record Date," which is the last business day of the month next preceding each interest payment date, and interest shall be paid by the Paying Agent/Registrar by check sent United States Mail, first class postage prepaid, to the address of the registered owner recorded in the Security Register or by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday, Sunday, a legal holiday, or a day when banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. All payments of principal of, premium, if any, and interest on this Bond shall be without exchange or collection charges to the registered owner hereof and in any coin or currency of the United States of America, which at the time of payment is legal tender for the payment of public and private debts. This Bond is one of the series specified in its title issued in the aggregate principal amount of $12,005,000 (herein referred to as the "Bonds") for the purposes of (i) providing funds for permanent public improvements and public purposes, to wit: (a) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing McMillen Drive, Park Boulevard and Ballard/Sachse Road, including sidewalks and necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 10 land and rights -of -way therefor, (b) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks, including necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights -of -way therefor and (c) developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks in the Wylie downtown historic district, including necessary and related storm drainage facilities and improvements, utility relocations, street lighting, signage, noise abatements, traffic signalization and controls equipment and the acquisition of any needed land and rights -of -way therefor; (ii) providing funds for the discharge and final payment of certain outstanding obligations of the City (identified in the preamble hereof and referred to as the "Refunded Obligations"); and (iii) to pay costs of issuance, under and in strict conformity with the Constitution and laws of the State of Texas, including Texas Government Code, Chapter 1207 and Section 1331.052, as amended, and pursuant to an Ordinance adopted by the City Council of the City (herein referred to as the "Ordinance"). The Bonds maturing on the dates hereinafter identified (collectively, the "Term Bonds") are subject to mandatory redemption prior to maturity with funds on deposit in the Interest and Sinking Fund established and maintained for the payment thereof in the Ordinance, and shall be redeemed in part prior to maturity at the price of par and accrued interest thereon to the mandatory redemption date on the respective dates and in principal amounts as follows: Term Bonds due February 15. 2034 Principal Redemption Date Amount ($1 February 15, 2033 270,000 February 15, 2034 (maturity) 275,000 Term Bonds due February 15, 2038 Principal Redemption Date Amount ($1 February 15, 2037 305,000 February 15, 2038 (maturity) 315,000 Term Bonds due February 15. 2042 Principal Redemption Date Amount ($) February 15, 2041 340,000 February 15, 2042 (maturity) 355,000 Term Bonds due February 15. 2036 Principal Redemption Date Amount ($) February 15, 2035 285,000 February 15, 2036 (maturity) 295,000 Term Bonds due February 15, 2040 Principal Redemption Date Amount ($) February 15, 2039 320,000 February 15, 2040 (maturity) 330,000 The particular Term Bonds of a stated maturity to be redeemed on each redemption date shall be chosen by lot by the Paying Agent/Registrar; provided, however, that the principal amount of Term Bonds for a stated maturity required to be redeemed on a mandatory redemption date may be reduced, at the option of the City, by the principal amount of Term Bonds of like stated maturity which, at least fifty (50) days prior to the mandatory redemption date, (1) shall have been acquired by the City at a price not exceeding the principal amount of such Term Bonds plus accrued interest to the date of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation or Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 11 (2) shall have been redeemed pursuant to the optional redemption provisions appearing below and not theretofore credited against a mandatory redemption requirement. The Bonds maturing on and after February 15, 2032, may be redeemed prior to their Stated Maturities, at the option of the City, in whole or in part in principal amounts of $5,000 or any integral multiple thereof (and if within a Stated Maturity by lot by the Paying Agent/Registrar), on February 15, 2031, or on any date thereafter, at the redemption price of par, together with accrued interest to the date of redemption. At least thirty (30) days prior to a redemption date, the City shall cause a written notice of such redemption to be sent by United States Mail, first class postage prepaid, to the registered owners of each Bond to be redeemed at the address shown on the Security Register and subject to the terms and provisions relating thereto contained in the Ordinance. If this Bond (or any portion of its principal sum) shall have been duly called for redemption and notice of such redemption duly given, then upon the redemption date this Bond (or the portion of its principal sum to be redeemed) shall become due and payable, and interest hereon shall cease to accrue from and after the redemption date therefor, provided moneys for the payment of the redemption price and the interest on the principal amount to be redeemed to the date of redemption are held for the purpose of such payment by the Paying Agent/Registrar. In the event a portion of the principal amount of this Bond is to be redeemed and the registered owner is someone other than Cede & Co., payment of the redemption price of such principal amount shall be made to the registered owner only upon presentation and surrender of this Bond to the Designated Payment/Transfer Office of the Paying Agent/Registrar, and a new Bond or Bonds of like maturity and interest rate in any authorized denominations provided by the Ordinance for the then unredeemed balance of the principal sum thereof will be issued to the registered owner, without charge. If this Bond is selected for redemption, in whole or in part, the City and the Paying Agent/Registrar shall not be required to transfer this Bond to an assignee of the registered owner within forty-five (45) days of the redemption date therefor; provided, however, such limitation on transferability shall not be applicable to an exchange by the registered owner of the unredeemed balance hereof in the event of its redemption in part. With respect to any optional redemption of the Bonds, unless moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice may state that said redemption may, at the option of the City, be conditional upon the receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon the satisfaction of any prerequisites set forth in such notice of redemption; and, if sufficient moneys are not received, such notice shall be of no force and effect, the City shall not redeem such Bonds and the Paying Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to the effect that the Bonds have not been redeemed. The Bonds are payable from the proceeds of an ad valorem tax levied, within the limitations prescribed by law, upon all taxable property in the City. Reference is hereby made to the Ordinance, a copy of which is on file in the Designated Payment/Transfer Office of the Paying Agent/Registrar, and to all of the provisions of which the registered owner of this Bond by the acceptance hereof hereby assents, for definitions of terms; the description of and the nature and extent of the tax levied for the payment of the Bonds; the terms and conditions relating to the Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 12 transfer or exchange of this Bond; the conditions upon which the Ordinance may be amended or supplemented with or without the consent of the registered owners; the rights, duties, and obligations of the City and the Paying Agent/Registrar; the terms and provisions upon which this Bond may be discharged at or prior to its maturity or redemption, and deemed to be no longer Outstanding thereunder; and for other terms and provisions contained therein. Capitalized terms used herein and not otherwise defined herein have the meanings assigned in the Ordinance. This Bond, subject to certain limitations contained in the Ordinance, may be transferred on the Security Register only upon its presentation and surrender at the Designated Payment/Transfer Office of the Paying Agent/Registrar, with the Assignment hereon duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Paying Agent/Registrar duly executed by, the registered owner hereof, or his duly authorized agent. When a transfer on the Security Register occurs, one or more new fully registered Bonds of the same Stated Maturity, of authorized denominations, bearing the same rate of interest, and of the same aggregate principal amount will be issued by the Paying Agent/Registrar to the designated transferee or transferees. The City and the Paying Agent/Registrar, and any agent of either, shall treat the registered owner whose name appears on the Security Register (i) on the Record Date as the owner entitled to payment of interest hereon, (ii) on the date of surrender of this Bond as the owner entitled to payment of principal hereof at its Stated Maturity or upon its prior redemption, in whole or in part, and (iii) on any other date as the owner for all other purposes, and neither the City nor the Paying Agent/Registrar, or any agent of either, shall be affected by notice to the contrary. In the event of nonpayment of interest on a scheduled payment date and for thirty (30) days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (which shall be fifteen (15) days after the Special Record Date) shall be sent at least five (5) business days prior to the Special Record Date by United States Mail, first class postage prepaid, to the address of each registered owner appearing on the Security Register at the close of business on the last business day next preceding the date of mailing of such notice. It is hereby certified, recited, represented and declared that the City is a body corporate and political subdivision duly organized and legally existing under and by virtue of the Constitution and laws of the State of Texas; that the issuance of the Bonds is duly authorized by law; that all acts, conditions and things required to exist and be done precedent to and in the issuance of the Bonds to render the same lawful and valid obligations of the City have been properly done, have happened and have been performed in regular and due time, form and manner as required by the Constitution and laws of the State of Texas, and the Ordinance; that the Bonds do not exceed any Constitutional or statutory limitation; and that due provision has been made for the payment of the principal of and interest on the Bonds by the levy of a tax as aforestated. In case any provision in this Bond shall be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. The terms and provisions of this Bond and the Ordinance shall be construed in accordance with and shall be governed by the laws of the State of Texas. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 13 IN WITNESS WHEREOF, the City Council of the City has caused this Bond to be duly executed under the official seal of the City as of the Bond Date. CITY OF WYLIE, TEXAS Mayor COUNTERSIGNED: City Secretary (SEAL) (c) Form of Registration Certificate of Comptroller of Public Accounts to appear on Initial Bond(s) only. REGISTRATION CERTIFICATE OF COMPTROLLER OF PUBLIC ACCOUNTS OFFICE OF THE ) COMPTROLLER OF PUBLIC ACCOUNTS ) REGISTER NO. THE STATE OF TEXAS ) I HEREBY CERTIFY that this Bond has been examined, certified as to validity and approved by the Attorney General of the State of Texas, and duly registered by the Comptroller of Public Accounts of the State of Texas. WITNESS my signature and seal of office this Comptroller of Public Accounts of the State of Texas (SEAL) Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 14 (d) Form of Certificate of Paying Agent/Registrar to appear on Definitive Bonds only. REGISTRATION CERTIFICATE OF PAYING AGENT/REGISTRAR This Bond has been duly issued and registered under the provisions of the within -mentioned Ordinance; the bond or bonds of the above entitled and designated series originally delivered having been approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts, as shown by the records of the Paying Agent/Registrar. The designated office of the Paying Agent/Registrar in East Syracuse, New York, is the Designated Payment/Transfer Office for this Bond. THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., Dallas, Texas, as Paying Agent/Registrar Registration date: Authorized Signature (e) Form of Assignment. ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto (Print or typewrite name, address and zip code of transferee): (Social Security or other identifying number ) the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. DATED: NOTICE: The signature on this assignment must correspond with the name of the Signature guaranteed: registered owner as it appears on the face of the within Bond in every particular. (f) The Initial Bond(s) shall be in the form set forth in paragraph (b) of this Section, except that the form of the single fully registered Initial Bond shall be modified as follows: Heading and paragraph one shall be amended to read as follows: REGISTERED REGISTERED Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 15 NO. T-1 $12,005,000 UNITED STATES OF AMERICA STATE OF TEXAS CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BOND SERIES 2022 Bond Date: February 15, 2022 Registered Owner: BOK Financial Securities, Inc. Principal Amount: TWELVE MILLION FIVE THOUSAND DOLLARS The City of Wylie (hereinafter referred to as the "City"), a body corporate and municipal corporation in the Counties of Collin, Dallas and Rockwall, State of Texas, for value received, acknowledges itself indebted to and hereby promises to pay the registered owner named above, or the registered assigns thereof, the Principal Amount hereinabove stated on February 15 in each of the years and in principal installments in accordance with the following schedule: YEAR OF PRINCIPAL INTEREST MATURITY INSTALLMENTS RATE (%) (Information to be inserted from schedule in Section 2 hereof). (or so much principal thereof as shall not have been redeemed prior to maturity) and to pay interest on the unpaid principal installments hereof from the interest payment date next preceding the "Registration Date" of this Bond appearing below (unless this Bond bears a "Registration Date" as of an interest payment date, in which case it shall bear interest from such date, or unless the "Registration Date" of this Bond is prior to the initial interest payment date in which case it shall bear interest from the date of the initial delivery of the Bonds) at the per annum rates of interest specified above computed on the basis of a 360-day year of twelve 30-day months; such interest being payable on February 15 and August 15 in each year until maturity or prior redemption, commencing February 15, 2023. Principal installments of this Bond are payable at its Stated Maturity or on a redemption date to the registered owner hereof by The Bank of New York Mellon Trust Company, N.A., Dallas, Texas (the "Paying Agent/Registrar"), upon presentation and surrender, at its designated offices, initially in Dallas, Texas; or, with respect to a successor paying agent/registrar, at the designated offices of such successor (the "Designated Payment/Transfer Office"). Interest is payable to the registered owner of this Bond whose name appears on the "Security Register" maintained by the Paying Agent/Registrar at the close of business on the "Record Date", which is the last business day of the month next preceding each interest payment date, and interest shall be paid by the Paying Agent/Registrar by check sent United States Mail, first class postage prepaid, to the address of the registered owner recorded in the Security Register or by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday, Sunday, a legal holiday, or a day when banking institutions in the Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 16 city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are authorized by law or executive order to be closed, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day when banking institutions are authorized to be closed; and payment on such date shall have the same force and effect as if made on the original date payment was due. All payments of principal of, premium, if any, and interest on this Bond shall be without exchange or collection charges to the registered owner hereof and in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts. SECTION 10: Levy of Taxes. To provide for the payment of the "Debt Service Requirements" of the Bonds, being (i) the interest on the Bonds and (ii) a sinking fund for their redemption at maturity or prior redemption or a sinking fund of 2% (whichever amount is the greater), there is hereby levied, and there shall be annually assessed and collected in due time, form, and manner, a tax on all taxable property in the City, within the limitations prescribed by law, and such tax hereby levied on each one hundred dollars' valuation of taxable property in the City for the Debt Service Requirements of the Bonds shall be at a rate from year to year as will be ample and sufficient to provide funds each year to pay the Debt Service Requirements on said Bonds while Outstanding; full allowance being made for delinquencies and costs of collection; separate books and records relating to the receipt and disbursement of taxes levied, assessed and collected for and on account of the Bonds shall be kept and maintained by the City at all times while the Bonds are Outstanding, and the taxes collected for the payment of the Debt Service Requirements on the Bonds shall be deposited to the credit of a "Special 2022 Bond Account" (the "Interest and Sinking Fund") maintained on the records of the City and deposited in a special fund maintained at an official depository of the City's funds; and such tax hereby levied, and to be assessed and collected annually, is hereby pledged to the payment of the Bonds. The Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director, individually or jointly, are hereby authorized and directed to cause to be transferred to the Paying Agent/Registrar for the Bonds, from funds on deposit in the Interest and Sinking Fund, amounts sufficient to fully pay and discharge promptly each installment of interest and principal of the Bonds as the same accrues or matures or comes due by reason of redemption prior to maturity; such transfers of funds to be made in such manner as will cause collected funds to be deposited with the Paying Agent/Registrar on or before each principal and interest payment date for the Bonds. SECTION 11: Mutilated, Destroyed, Lost and Stolen Bonds. In case any Bond shall be mutilated, or destroyed, lost or stolen, the Paying Agent/Registrar may execute and deliver a replacement Bond of like form and tenor, and in the same denomination and bearing a number not contemporaneously outstanding, in exchange and substitution for such mutilated Bond, or in lieu of and in substitution for such destroyed, lost or stolen Bond, only upon the approval of the City and after (i) the filing by the Holder thereof with the Paying Agent/Registrar of evidence satisfactory to the Paying Agent/Registrar of the destruction, loss or theft of such Bond, and of the authenticity of the ownership thereof and (ii) the furnishing to the Paying Agent/Registrar of indemnification in an amount satisfactory to hold the City and the Paying Agent/Registrar harmless. All expenses and charges associated with such indemnity and with the preparation, execution and delivery of a replacement Bond shall be borne by the Holder of the Bond mutilated, or destroyed, lost or stolen. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 17 Every replacement Bond issued pursuant to this Section shall be a valid and binding obligation, and shall be entitled to all the benefits of this Ordinance equally and ratably with all other Outstanding Bonds; notwithstanding the enforceability of payment by anyone of the destroyed, lost, or stolen Bonds. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement and payment of mutilated, destroyed, lost or stolen Bonds. SECTION 12: Satisfaction of Obligation of City. If the City shall pay or cause to be paid, or there shall otherwise be paid to the Holders, the principal of, premium, if any, and interest on the Bonds, at the times and in the manner stipulated in this Ordinance, then the pledge of taxes levied under this Ordinance and all covenants, agreements, and other obligations of the City to the Holders shall thereupon cease, terminate, and be discharged and satisfied. Bonds or any principal amount(s) thereof shall be deemed to have been paid within the meaning and with the effect expressed above in this Section when (i) money sufficient to pay in full such Bonds or the principal amount(s) thereof at maturity or to the redemption date therefor, together with all interest due thereon, shall have been irrevocably deposited with and held in trust by the Paying Agent/Registrar, or an authorized escrow agent, or (ii) Government Securities shall have been irrevocably deposited in trust with the Paying Agent/Registrar, or an authorized escrow agent, which Government Securities have been certified by an independent accounting or consulting firm to mature as to principal and interest in such amounts and at such times as will insure the availability, without reinvestment, of sufficient money, together with any moneys deposited therewith, if any, to pay when due the principal of and interest on such Bonds, or the principal amount(s) thereof, on and prior to the Stated Maturity thereof or (if notice of redemption has been duly given or waived or if irrevocable arrangements therefor acceptable to the Paying Agent/Registrar have been made) the redemption date thereof. The City covenants that no deposit of moneys or Government Securities will be made under this Section and no use made of any such deposit which would cause the Bonds to be treated as "arbitrage bonds" within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, or regulations adopted pursuant thereto. Any moneys so deposited with the Paying Agent/Registrar, or an authorized escrow agent, and all income from Government Securities held in trust by the Paying Agent/Registrar, or an authorized escrow agent, pursuant to this Section which is not required for the payment of the Bonds, or any principal amount(s) thereof, or interest thereon with respect to which such moneys have been so deposited shall be remitted to the City or deposited as directed by the City. Furthermore, any money held by the Paying Agent/Registrar for the payment of the principal of and interest on the Bonds and remaining unclaimed for a period of three (3) years after the Stated Maturity, or applicable redemption date, of the Bonds such moneys were deposited and are held in trust to pay shall upon the request of the City be remitted to the City against a written receipt therefor. Notwithstanding the above and foregoing, any remittance of funds from the Paying Agent/Registrar to the City shall be subject to any applicable unclaimed property laws of the State of Texas. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 18 The term "Government Securities", as used herein, means (i) direct noncallable obligations of the United States of America, including obligations the principal of and interest on which are unconditionally guaranteed by the United States of America, (ii) noncallable obligations of an agency or instrumentality of the United States, including obligations unconditionally guaranteed or insured by the agency or instrumentality and, on the date of their acquisition or purchase by the City, are rated as to investment quality by a nationally recognized investment rating firm not less than AAA or its equivalent, (iii) noncallable obligations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date of their acquisition or purchase by the City, are rated as to investment quality by a nationally recognized investment rating firm not less than AAA or its equivalent, and (iv) any other then authorized securities or obligations under applicable law that may be used to defease obligations such as the Bonds. SECTION 13: Ordinance a Contract - Amendments - Outstanding Bonds. This Ordinance shall constitute a contract with the Holders from time to time, be binding on the City, and shall not be amended or repealed by the City so long as any Bond remains Outstanding except as permitted in this Section and in Section 29. The City may, without the consent of or notice to any Holders, from time to time and at any time, amend this Ordinance in any manner not detrimental to the interests of the Holders, including the curing of any ambiguity, inconsistency, or formal defect or omission herein. In addition, the City may, with the consent of Holders holding a majority in aggregate principal amount of the Bonds then Outstanding affected thereby, amend, add to, or rescind any of the provisions of this Ordinance; provided that, without the consent of all Holders of Outstanding Bonds, no such amendment, addition, or rescission shall (1) extend the time or times of payment of the principal of, premium, if any, and interest on the Bonds, reduce the principal amount thereof, the redemption price therefor, or the rate of interest thereon, or in any other way modify the terms of payment of the principal of, premium, if any, or interest on the Bonds, (2) give any preference to any Bond over any other Bond, or (3) reduce the aggregate principal amount of Bonds required to be held by Holders for consent to any such amendment, addition, or rescission. The term "Outstanding", when used in this Ordinance with respect to Bonds, means as of the date of determination, all Bonds theretofore issued and delivered under this Ordinance, except: (1) those Bonds canceled by the Paying Agent/Registrar or delivered to the Paying Agent/Registrar for cancellation; (2) those Bonds deemed to be duly paid by the City in accordance with the provisions of Section 12 hereof, and (3) those mutilated, destroyed, lost, or stolen Bonds which have been replaced with Bonds registered and delivered in lieu thereof as provided in Section 11 hereof. SECTION 14: Covenants to Maintain Tax -Exempt Status. (a) Definitions. When used in this Section 14, the following terms shall have the following meanings: Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 19 "Closing Date" means the date on which the Bonds are first authenticated and delivered to the initial purchasers against payment therefor. "Code" means the Internal Revenue Code of 1986, as amended by all legislation, if any, effective on or before the Closing Date. "Computation Date" has the meaning set forth in Section 1.148-1(b) of the Regulations. "Gross Proceeds" means any proceeds as defined in Section 1.148-1(b) of the Regulations, and any replacement proceeds as defined in Section 1.148-1(c) of the Regulations, of the Bonds. "Investment" has the meaning set forth in Section 1.148-1(b) of the Regulations. "Nonpurpose Investment" means any investment property, as defined in Section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds. "Rebate Amount" has the meaning set forth in Section 1.148-1(b) of the Regulations. "Regulations" means any proposed, temporary, or final Income Tax Regulations issued pursuant to Sections 103 and 141 through 150 of the Code, and 103 of the Internal Revenue Code of 1954, which are applicable to the Bonds. Any reference to any specific Regulation shall also mean, as appropriate, any proposed, temporary or final Income Tax Regulation designed to supplement, amend or replace the specific Regulation referenced. "Yield" of (1) any Investment has the meaning set forth in Section 1.148-5 of the Regulations; and (2) the Bonds has the meaning set forth in Section 1.148-4 of the Regulations. (b) Not to Cause Interest to Become Taxable. The City shall not use, permit the use of, or omit to use Gross Proceeds or any other amounts (or any property the acquisition, construction or improvement of which is to be financed directly or indirectly with Gross Proceeds) in a manner which if made or omitted, respectively, would cause the interest on any Bond to become includable in the gross income, as defined in Section 61 of the Code, of the owner thereof for federal income tax purposes. Without limiting the generality of the foregoing, unless and until the City receives a written opinion of counsel nationally recognized in the field of municipal bond law to the effect that failure to comply with such covenant will not adversely affect the exemption from federal income tax of the interest on any Bond, the City shall comply with each of the specific covenants in this Section. (c) No Private Use or Private Payments. Except as permitted by Section 141 of the Code and the Regulations and rulings thereunder, the City shall at all times prior to the last Stated Maturity of Bonds: Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 20 (1) exclusively own, operate and possess all property the acquisition, construction or improvement of which is to be financed or refinanced directly or indirectly with Gross Proceeds of the Bonds (including property financed with Gross Proceeds of the Refunded Obligations), and not use or permit the use of such Gross Proceeds (including all contractual arrangements with terms different than those applicable to the general public) or any property acquired, constructed or improved with such Gross Proceeds in any activity carried on by any person or entity (including the United States or any agency, department and instrumentality thereof) other than a state or local government, unless such use is solely as a member of the general public; and (2) not directly or indirectly impose or accept any charge or other payment by any person or entity who is treated as using Gross Proceeds of the Bonds or any property the acquisition, construction or improvement of which is to be financed or refinanced directly or indirectly with such Gross Proceeds (including property financed with Gross Proceeds of the Refunded Obligations), other than taxes of general application within the City or interest earned on investments acquired with such Gross Proceeds pending application for their intended purposes. (d) No Private Loan. Except to the extent permitted by Section 141 of the Code and the Regulations and rulings thereunder, the City shall not use Gross Proceeds of the Bonds to make or finance loans to any person or entity other than a state or local government. For purposes of the foregoing covenant, such Gross Proceeds are considered to be "loaned" to a person or entity if. (1) property acquired, constructed or improved with such Gross Proceeds is sold or leased to such person or entity in a transaction which creates a debt for federal income tax purposes; (2) capacity in or service from such property is committed to such person or entity under a take -or -pay, output or similar contract or arrangement; or (3) indirect benefits, or burdens and benefits of ownership, of such Gross Proceeds or any property acquired, constructed or improved with such Gross Proceeds are otherwise transferred in a transaction which is the economic equivalent of a loan. (e) Not to Invest at Higher Yield. Except to the extent permitted by Section 148 of the Code and the Regulations and rulings thereunder, the City shall not at any time prior to the final Stated Maturity of the Bonds directly or indirectly invest Gross Proceeds in any Investment (or use Gross Proceeds to replace money so invested), if as a result of such investment the Yield from the Closing Date of all Investments acquired with Gross Proceeds (or with money replaced thereby), whether then held or previously disposed of, exceeds the Yield of the Bonds. (0 Not Federally Guaranteed. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the City shall not take or omit to take any action which would cause the Bonds to be federally guaranteed within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 21 (g) Information Report. The City shall timely file the information required by Section 149(e) of the Code with the Secretary of the Treasury on Form 8038-G or such other form and in such place as the Secretary may prescribe. (h) Rebate of Arbitrage Profits. Except to the extent otherwise provided in Section 148(f) of the Code and the Regulations and rulings thereunder: (1) The City shall account for all Gross Proceeds (including all receipts, expenditures and investments thereof) on its books of account separately and apart from all other funds (and receipts, expenditures and investments thereof) and shall retain all records of accounting for at least six years after the day on which the last outstanding Bond is discharged. However, to the extent permitted by law, the City may commingle Gross Proceeds of the Bonds with other money of the City, provided that the City separately accounts for each receipt and expenditure of Gross Proceeds and the obligations acquired therewith. (2) Not less frequently than each Computation Date, the City shall calculate the Rebate Amount in accordance with rules set forth in Section 148(f) of the Code and the Regulations and rulings thereunder. The City shall maintain such calculations with its official transcript of proceedings relating to the issuance of the Bonds until six years after the final Computation Date. (3) As additional consideration for the purchase of the Bonds by the Underwriters and the loan of the money represented thereby and in order to induce such purchase by measures designed to insure the excludability of the interest thereon from the gross income of the owners thereof for federal income tax purposes, the City shall pay to the United States from the construction fund, other appropriate fund or, if permitted by applicable Texas statute, regulation or opinion of the Attorney General of the State of Texas, the Interest and Sinking Fund, the amount that when added to the future value of previous rebate payments made for the Bonds equals (i) in the case of a Final Computation Date as defined in Section 1.148- 3(e)(2) of the Regulations, one hundred percent (100%) of the Rebate Amount on such date; and (ii) in the case of any other Computation Date, ninety percent (90%) of the Rebate Amount on such date. In all cases, the rebate payments shall be made at the times, in the installments, to the place and in the manner as is or may be required by Section 148(f) of the Code and the Regulations and rulings thereunder, and shall be accompanied by Form 8038-T or such other forms and information as is or may be required by Section 148(f) of the Code and the Regulations and rulings thereunder. Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 22 (4) The City shall exercise reasonable diligence to assure that no errors are made in the calculations and payments required by paragraphs (2) and (3), and if an error is made, to discover and promptly correct such error within a reasonable amount of time thereafter (and in all events within one hundred eighty (180) days after discovery of the error), including payment to the United States of any additional Rebate Amount owed to it, interest thereon, and any penalty imposed under Section 1.148-3(h) of the Regulations. (i) Not to Divert Arbitrage Profits. Except to the extent permitted by Section 148 of the Code and the Regulations and rulings thereunder, the City shall not, at any time prior to the earlier of the Stated Maturity or final payment of the Bonds, enter into any transaction that reduces the amount required to be paid to the United States pursuant to Subsection (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm's length and had the Yield of the Bonds not been relevant to either party. (j) Bonds Not Hedge Bonds. (1) At the time the original bonds refunded by the Bonds were issued, the City reasonably expected to spend at least 85% of the spendable proceeds of such bonds within three years after such bonds were issued and (2) not more than 50% of the proceeds of the original bonds refunded by the Bonds were invested in Nonpurpose Investments having a substantially guaranteed Yield for a period of 4 years or more. (k) Current Refunding. A portion of the Bonds are a current refunding of the Refunded Obligations in that such Refunded Obligations will be paid or redeemed within 90 days of the date of the delivery of the Bonds. (1) Elections. The City hereby directs and authorizes the Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director, either individually or jointly, to make elections permitted or required pursuant to the provisions of the Code or the Regulations, as they deem necessary or appropriate in connection with the Bonds, in the Certificate as to Tax Exemption or similar or other appropriate certificate, form or document. SECTION 15: Sale of Bonds - Official Statement Approval. Pursuant to a public sale for the Bonds, the bid submitted by BOK Financial Securities, Inc. (herein referred to as the "Underwriters") is declared to be the best bid received producing the lowest true interest cost rate to the City, and the sale of the Bonds to said Underwriters at the price of par plus a cash premium of $1,106,480.50, is hereby determined to be in the best interests of the City and is approved and confirmed. Delivery of the Bonds to the Underwriters shall occur as soon as possible upon payment being made therefor in accordance with the terms of sale. The Initial Bond shall be registered in the name as provided in the winning bid. Furthermore, the use of the Preliminary Official Statement by the Underwriters in connection with the public offering and sale of the Bonds is hereby ratified, confirmed and approved in all respects. The final Official Statement, which reflects the terms of sale (together with such changes approved by the Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director, any one or more of said officials), Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 23 shall be and is hereby in all respects approved and the Underwriters are hereby authorized to use and distribute said final Official Statement, dated February 22, 2022, in the reoffering, sale and delivery of the Bonds to the public. The Mayor and City Secretary are further authorized to execute and deliver for and on behalf of the City copies of said Official Statement in final form as may be required by the Underwriters, and such final Official Statement in the form and content executed by said officials shall be deemed to be approved by the City Council and constitute the Official Statement authorized for distribution and use by the Underwriters. SECTION 16: Control and Custody of Bonds. The Mayor of the City shall be and is hereby authorized to take and have charge of all necessary orders and records pending investigation by the Attorney General of the State of Texas, including the printing and supply of definitive Bonds, and shall take and have charge and control of the Initial Bond(s) pending the approval thereof by the Attorney General, the registration thereof by the Comptroller of Public Accounts and the delivery thereof to the Underwriters. SECTION 17: Proceeds of Sale. Immediately following the delivery of the Bonds, the proceeds of sale, excluding the amount to be deposited with an official depository of the City to finance the permanent public improvements referenced in Section 1 hereof and that amount which is to be used to pay the costs of issuance, shall be deposited with the paying agent for the Refunded Obligations for the redemption of the Refunded Obligations on April 5, 2022. The proceeds of sale of the Bonds not so deposited with the paying agent for the Refunded Obligations for the refunding of the Refunded Obligations shall be disbursed for payment of costs of issuance and the aforesaid improvements. Any investment earnings realized shall be expended for such authorized projects and purposes or deposited in the Interest and Sinking Fund. Any surplus proceeds of sale of the Bonds, including investment earnings, remaining after completion of all authorized projects or purposes shall be deposited to the credit of the Interest and Sinking Fund. Additionally, on or immediately prior to the date of delivery of the Bonds to the Underwriters, the Interim City Manager or the Finance Director shall cause to be transferred in immediately available funds to the paying agent for the Refunded Obligations from moneys on deposit in the interest and sinking funds for the Refunded Obligations the sum of $83,000 to accomplish the refunding. SECTION 18: Redemption of Refunded Obligations. (a) The Refunded Obligations shall be redeemed and the same are hereby called for redemption on April 5, 2022, at the price of par and accrued interest to the date of redemption. The City Secretary is hereby authorized and directed to file a copy of this Ordinance, together with suggested forms of notice of redemption to be sent to bondholders, with The Bank of New York Mellon Trust Company, N.A. (the current paying agent/registrar for the Refunded Obligations), in accordance with the redemption provisions applicable to such obligations; such suggested forms of notice of redemption being attached hereto as Exhibit B-1 and B-2 and incorporated herein by reference as a part of this Ordinance for all purposes. (b) The redemption of the Refunded Obligations described above being associated with the refunding of such Refunded Obligations, the approval, authorization and arrangements herein given and provided for the redemption of such Refunded Obligations on the redemption date designated therefor and in the manner provided shall be irrevocable upon the issuance and delivery of the Bonds; and the City Secretary is hereby authorized and directed to make all arrangements Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 24 necessary to notify the holders of such Refunded Obligations of the City's decision to redeem such Refunded Obligations on the date and in the manner herein provided and in accordance with the ordinances authorizing the issuance of the Refunded Obligations and this Ordinance. SECTION 19: Notices to Holders - Waiver. Wherever this Ordinance provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and sent by United States Mail, first class postage prepaid, to the address of each Holder appearing in the Security Register at the close of business on the business day next preceding the mailing of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice to any particular Holders, nor any defect in any notice so mailed, shall affect the sufficiency of such notice with respect to all other Bonds. Where this Ordinance provides for notice in any manner, such notice may be waived in writing by the Holder entitled to receive such notice, either before or after the event with respect to which such notice is given, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Paying Agent/Registrar, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. SECTION 20: Cancellation. All Bonds surrendered for payment, redemption, transfer, exchange, or replacement, if surrendered to the Paying Agent/Registrar, shall be promptly canceled by it and, if surrendered to the City, shall be delivered to the Paying Agent/Registrar and, if not already canceled, shall be promptly canceled by the Paying Agent/Registrar. The City may at any time deliver to the Paying Agent/Registrar for cancellation any Bonds previously certified or registered and delivered which the City may have acquired in any manner whatsoever, and all Bonds so delivered shall be promptly canceled by the Paying Agent/Registrar. All canceled Bonds held by the Paying Agent/Registrar shall be returned to the City. SECTION 21: Legal Opinion. The Underwriters' obligation to accept delivery of the Bonds is subject to being furnished a final opinion of Norton Rose Fulbright US LLP approving the Bonds as to their validity, said opinion to be dated and delivered as of the date of delivery and payment for the Bonds. A true and correct reproduction of said opinion or an executed counterpart thereof shall accompany the global Bonds deposited with The Depository Trust Company or a reproduction thereof shall be printed on the definitive Bonds in the event the book -entry -only system shall be discontinued. The City Council confirms the continuation of the engagement of Norton Rose Fulbright US LLP as the City's bond counsel. SECTION 22: CUSIP Numbers. CUSIP numbers may be printed or typed on the Bonds deposited with The Depository Trust Company or on printed definitive Bonds. It is expressly provided, however, that the presence or absence of CUSIP numbers on the definitive Bonds shall be of no significance or effect as regards the legality thereof and neither the City nor attorneys approving the Bonds as to legality are to be held responsible for CUSIP numbers incorrectly printed or typed on the definitive Bonds. SECTION 23: Benefits of Ordinance. Nothing in this Ordinance, expressed or implied, is intended or shall be construed to confer upon any person other than the City, the Paying Agent/Registrar and the Holders, any right, remedy, or claim, legal or equitable, under or by reason of this Ordinance or any provision hereof, this Ordinance and all its provisions being intended to Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 25 be and being for the sole and exclusive benefit of the City, the Paying Agent/Registrar and the Holders. SECTION 24: Inconsistent Provisions. All ordinances, orders or resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance are hereby repealed to the extent of such conflict, and the provisions of this Ordinance shall be and remain controlling as to the matters contained herein. SECTION 25: Governing. This Ordinance shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. SECTION 26: Effect of Headings. The Section headings herein are for convenience of reference only and shall not affect the construction hereof. SECTION 27: Construction of Terms. If appropriate in the context of this Ordinance, words of the singular number shall be considered to include the plural, words of the plural number shall be considered to include the singular, and words of the masculine, feminine or neuter gender shall be considered to include the other genders. SECTION 28: Severability. If any provision of this Ordinance or the application thereof to any circumstance shall be held to be invalid, the remainder of this Ordinance and the application thereof to other circumstances shall nevertheless be valid, and the City Council hereby declares that this Ordinance would have been enacted without such invalid provision. SECTION 29: Continuing Disclosure Undertaking. (a) Definitions. As used in this Section, the following terms have the meanings ascribed to such terms below: "Financial Obligation " means a (a) debt obligation; (b) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (c) guarantee of a debt obligation or any such derivative instrument; provided that "financial obligation" shall not include municipal securities as to which a final official statement (as defined in the Rule) has been provided to the MSRB consistent with the Rule. "MSRB" means the Municipal Securities Rulemaking Board. "Rule" means SEC Rule 15c2-12, as amended from time to time. "SEC" means the United States Securities and Exchange Commission. (b) Annual Reports. The City shall provide annually to the MSRB (1) within six months after the end of each fiscal year, beginning on or after 2022, financial information and operating data with respect to the City of the general type included under Tables numbered 1 through 6 and 8 through 15 in the final Official Statement, and (2) within twelve months after the end of each fiscal year, beginning on or after 2022, audited financial statements of the City. If audited financial statements are not available within 12 months after the end of any fiscal year, the Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 26 City will provide unaudited financial statements by the required time, and audited financial statements when and if such audited financial statements become available. Any financial statements so provided shall be prepared in accordance with the accounting principles described in Appendix B of the Official Statement, or such other accounting principles as the City may be required to employ from time to time pursuant to state law or regulation, and audited, if the City commissions an audit of such statements and the audit is completed within the period during which they must be provided. If the City changes its fiscal year, it will notify the MSRB of the change (and of the date of the new fiscal year end) prior to the next date by which the City otherwise would be required to provide financial information and operating data pursuant to this Section. The financial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be included by specific reference to any document available to the public on the MSRB's Internet Web site or filed with the SEC. (c) Notice of Certain Events. The City shall provide notice of any of the following events with respect to the Bonds to the MSRB in a timely manner and not more than ten (10) business days after occurrence of the event: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, if material; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- TEB), or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds; 7. Modifications to rights of holders of the Bonds, if material; 8. Bond calls, if material, and tender offers; 9. Defeasances; 10. Release, substitution, or sale of property securing repayment of the Bonds, if material; 11. Rating changes; 12. Bankruptcy, insolvency, receivership, or similar event of the City, which shall occur as described below; 13. The consummation of a merger, consolidation, or acquisition involving the City or the sale of all or substantially all of its assets, other than in the ordinary course of business, the entry into of a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 27 14. Appointment of a successor or additional trustee or the change of name of a trustee, if material; 15. Incurrence of a Financial Obligation of the City, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the City, any of which affect security holders, if material; and 16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the City, any of which reflect financial difficulties. For these purposes, (a) any event described in the immediately preceding paragraph 12 is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent, or similar officer for the City in a proceeding under the United States Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the City, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the City and (b) the City intends the words used in the immediately preceding paragraphs 15 and 16 in this Section to have the meanings ascribed to them in SEC Release No. 34-83885, dated August 20, 2018. The City shall notify the MSRB, in a timely manner, of any failure by the City to provide financial information or operating data in accordance with subsection (b) of this Section by the time required by such Section. (d) Filings with the MSRB. All financial information, operating data, financial statements, notices and other documents provided to the MSRB in accordance with this Section shall be provided in an electronic format prescribed by the MSRB and shall be accompanied by identifying information as prescribed by the MSRB. (e) Limitations, Disclaimers and Amendments. The City shall be obligated to observe and perform the covenants specified in this Section for so long as, but only for so long as, the City remains an "obligated person" with respect to the Bonds within the meaning of the Rule, except that the City in any event will give the notice required by subsection (c) of this Section of any Bond calls and defeasance that cause the City to be no longer such an "obligated person." The provisions of this Section are for the sole benefit of the Holders and beneficial owners of the Bonds, and nothing in this Section, express or implied, shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The City undertakes to provide only the financial information, operating data, financial statements, and notices which it has expressly agreed to provide pursuant to this Section and does not hereby undertake to provide any other information that may be relevant or material to a complete presentation of the City's financial results, condition, or prospects or hereby undertake to update any information provided in Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 28 accordance with this Section or otherwise, except as expressly provided herein. The City does not make any representation or warranty concerning such information or its usefulness to a decision to invest in or sell Bonds at any future date. UNDER NO CIRCUMSTANCES SHALL THE CITY BE LIABLE TO THE HOLDER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON, IN CONTRACT OR TORT, FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY BREACH BY THE CITY, WHETHER NEGLIGENT OR WITHOUT FAULT ON ITS PART, OF ANY COVENANT SPECIFIED IN THIS SECTION, BUT EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNT OF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. No default by the City in observing or performing its obligations under this Section shall constitute a breach of or default under this Ordinance for purposes of any other provision of this Ordinance. Nothing in this Section is intended or shall act to disclaim, waive, or otherwise limit the duties of the City under federal and state securities laws. Notwithstanding anything herein to the contrary, the provisions of this Section may be amended by the City from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or a change in the identity, nature, status, or type of operations of the City, but only if (1) the provisions of this Section, as so amended, would have permitted an underwriter to purchase or sell Bonds in the primary offering of the Bonds in compliance with the Rule, taking into account any amendments or interpretations of the Rule to the date of such amendment, as well as such changed circumstances, and (2) either (a) the Holders of a majority in aggregate principal amount (or any greater amount required by any other provision of this Ordinance that authorizes such an amendment) of the Outstanding Bonds consent to such amendment or (b) a Person that is unaffiliated with the City (such as nationally recognized bond counsel) determines that such amendment will not materially impair the interests of the Holders and beneficial owners of the Bonds. The provisions of this Section may also be amended from time to time or repealed by the City if the SEC amends or repeals the applicable provisions of the Rule or a court of final jurisdiction determines that such provisions are invalid, but only if and to the extent that reservation of the City's right to do so would not prevent underwriters of the initial public offering of the Bonds from lawfully purchasing or selling Bonds in such offering. If the City so amends the provisions of this Section, it shall include with any amended financial information or operating data next provided in accordance with subsection (b) of this Section an explanation, in narrative form, of the reasons for the amendment and of the impact of any change in the type of financial information or operating data so provided. SECTION 30: Further Procedures. Any one or more of the Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director are hereby expressly authorized, empowered and directed from time to time and at any time to do and perform all such acts and things and to execute, acknowledge and deliver in the name and on behalf of the City all agreements, instruments, certificates or other documents, whether mentioned herein or not, as may be necessary or desirable in order to carry out the terms and provisions of this Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 29 Ordinance and the issuance, sale and delivery of the Bonds. In addition, prior to the initial delivery of the Bonds, the Mayor, Mayor Pro Tem, City Secretary, City Manager, Interim City Manager, Assistant City Manager and Finance Director or Bond Counsel to the City are each hereby authorized and directed to approve any changes or corrections to this Ordinance or to any of the documents authorized and approved by this Ordinance: (i) in order to cure any ambiguity, formal defect, or omission in the Ordinance or such other document; or (ii) as requested by the Attorney General of the State of Texas or his representative to obtain the approval of the Bonds by the Attorney General. In the event that any officer of the City whose signature shall appear on any document shall cease to be such officer before the delivery of such document, such signature nevertheless shall be valid and sufficient for all purposes the same as if such officer had remained in office until such delivery. SECTION 31: Incorporation of Findings and Determinations. The findings and determinations of the City Council contained in the preamble hereof are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section. SECTION 32: Public Meeting. It is officially found, determined, and declared that the meeting at which this Ordinance 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 Ordinance, was given, all as required by Texas Government Code, Chapter 551, as amended. SECTION 33: Effective Date. This Ordinance shall take effect and be in full force immediately from and after its adoption on the date hereof in accordance with the provisions of Texas Government Code, Section 1201.028, as amended. [Remainder of page intentionally left blank] Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 30 DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 22nd day of February, 2022. Matthew O. Porter, Mayor ATTEST: Stephanie Storm, City Secretary (City Seal) Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 S-1 EXHIBIT A PAYING AGENT/REGISTRAR AGREEMENT Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 A-1 EXHIBIT B-1 NOTICE OF REDEMPTION CITY OF WYLIE, TEXAS GENERAL OBLIGATION REFUNDING BONDS SERIES 2012 Dated: July 15, 2012 NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on and after February 15, 2026, and aggregating in principal amount $6,620,000 have been called for redemption on April 5, 2022 at the redemption price of par and accrued interest to the date of redemption, such obligations being identified as follows: Year of Principal CUSIP Maturity Amount ($) Number 2026 600,000 2027 625,000 2028 3,670,000 2029 1,725,000 ALL SUCH OBLIGATIONS shall become due and payable on April 5, 2022, and interest thereon shall cease to accrue from and after said redemption date and payment of the redemption price of said obligations shall be paid to the registered owners of the obligations only upon presentation and surrender thereof to The Bank of New York Mellon Trust Company, N.A. at its designated offices at the following addresses: First Class/ Registered/Certified The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust P.O. Box 396 East Syracuse, NY 13057 Express Deliverv/Courier The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust 111 Sanders Creek Pkwy. East Syracuse, NY 13057 By Hand Only The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust Corporate Trust Window 101 Barclay Street, 1st Floor East New York, NY 10286 THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for the redemption of said obligations and pursuant to an ordinance by the City Council of the City of Wylie, Texas. THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 2001 Bryan Street, 10th Floor Dallas, Texas 75201 Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 B-1 EXHIBIT B-2 NOTICE OF REDEMPTION CITY OF WYLIE, TEXAS PUBLIC PROPERTY FINANCE CONTRACTUAL OBLIGATIONS SERIES 2012 DATED: July 15, 2012 NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on and after February 15, 2025, and aggregating in principal amount $905,000 have been called for redemption on April 5, 2022 at the redemption price of par and accrued interest to the date of redemption, such obligations being identified as follows: Year of Principal CUSIP Maturity Amount ($) Number 2025* 245,000 2028* 265,000 2032* 395,000 *term contracts ALL SUCH OBLIGATIONS shall become due and payable on April 5, 2022, and interest thereon shall cease to accrue from and after said redemption date and payment of the redemption price of said obligations shall be paid to the registered owners of the obligations only upon presentation and surrender thereof to The Bank of New York Mellon Trust Company, N.A. at its designated offices at the following addresses: First Class/ Registered/Certified The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust P.O. Box 396 East Syracuse, NY 13057 Express Deliverv/Courier The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust 111 Sanders Creek Pkwy. East Syracuse, NY 13057 By Hand Only The Bank of New York Mellon Trust Company, N.A. Global Corporate Trust Corporate Trust Window 101 Barclay Street, 1stFloor East New York, NY 10286 THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for the redemption of said obligations and pursuant to an ordinance by the City Council of the City of Wylie, Texas. THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 2001 Bryan Street, I Oh Floor Dallas, Texas 75201 Ordinance No. 2022-23 General Obligation Refunding and Improvement Bonds, Series 2022 104698320.3/1001162288 B-2 f 141 E CITY OF WYLIE b PGeneral Obligation Refunding and Improvement on s, Series 2022 n f/ MOODYS 11AA1V §TANDARD INVESTORS SERVICE &POOWS Upgraded from "Aa2" F Securities r A Hilltop Holdings Company. N O CONTACT: Nick Bulaich,Managing Director nj N ` 777 Main Street,Suite 1525,FortWorth,Texas 76102 c� Phone: 817.332.9710 e-mail: nick.bulaichfr�hilltopsecurities.cora7 v w ®2022 Hilltop Securities Inc.All rights reserved.Member FINK/SIPC/NYSE $ B OPINIONCREDIT 11 February 2022 Update fot[owing upgrade of issuer rating 1 Summary The credit profile for the Ciitom liy e,TX(Aa1) is supported by the city's growing economy in the greater Dallas(Al stable)-Fort-Worth(Aa3 stable)metroplex which is expected to continue as new housing,retail and commercial projects come online.The credit profile is Contacts further supported by the city's favorable financial trends and large reserves,which should Nathan Phelps +1.214.979.6853 remain in line with peers despite a planned use of general fund reserves in fiscal 2022 for Analyst nathan.phelps@moodys.com one-time capital improvements given strong management practices and expected favorable revenue performance from the city's growing tax base.The city's debt and pension liabilities Adebota Kushimo +1.214.979.6847 Vice President-Senior Credit Officer are average and should remain on par with peers as additional debt issuances occur in adebota.kushimo@moodys.com tandem with full value growth. CLIENT SERVICES On February 9,2022,we upgraded the city's issuer and general obligation limited tax(DOLT) Americas 1-212-553-1653 ratings to Aa1 from Aa2. Asia Pacific 852-3551-3077 Credit strengths Japan 81-3-5408-4100 >> Steady and strong tax base growth EMEA 44-20-7772-5454 » Favorable income indices - >> History of positive financial performance yielding strong reserves relative to revenue Credit » Growing capital needs due to economic,population growth >> Full value per capita is below peers Rating Moody's does not generally assign outlooks to local government credits with this amount of debt outstanding. upgradeFactors that could lead to an Taxable valuation growth » Moderation of debt and/or pension liabilities Factors that could lead to a downgrade >> Trend of operating deficits that result in a material reduction of reserves �P » Increases to debt,pension liabilities,or fixed costs Key indicators Exhibit 1 Wylie(City o)TX 2077 2018 2019 2020 2021 E onornyMx Base Tot . Total Full Value 5000 � �—m,,mrmn. $3325,563 $3s776,t313 54,259„5t}4 $4,70 ,995 54,923,647 Population 47,855 49,248 49,759 49,759 49,759 Full Value er Capita _ $69,492 �TTS76,690 $85,603 $ 4,576 $198,950 Median Family Income(�r US Me�dian)— 132,2% 126.4% 126.4% . 26.4°l° Finances Operating Revenue(SC?00)w S47,212 $46�526 S50,078 $51,753 $5 .909 Fund Balance(S000) — � 20, 22°-.w $19,244 $ 1,315 $ :3 906 53 335 Cash Balance($000) $20,860 $19,298 $21, 96 $ 3,592 $35,534 l=iand Balance as a%of Revenues 43.9% 41.4°% 42.6% 46.2%® 54.0% Cash Balance as a%of Revenues 44.2% 41.5% 43.1% 45.6% 59.3% Debt/Pensions Net Direct Debt($000) $76,148 $79,083 $73,208 $67,237 S65,217 3-Year Average of Moody's ANPL($00i) $44„952 $47,549 .urw $ 0,851 $58,596 $72,P Net Direct Debt/Full Value(°7a) 2.3% 2.1%® 1.7%® 1.4 1.3% Net Direct Debt/Operating Revenues(a�)' 1.6x 1.7x 1.5x 1.3x 1.1x Mtsodys ANPL(3..yraverage)to FutlValue(�° "i 4%a 1.3% 1.2°1° 1.2% "f.5% Moody`s-ANPL(3_yt average)to Revenues(x 1.Ox 1,Ox 1.Ox "i,1x 1.2x Sources:US Census B ureau,Wylie(City of)TX's financial statements and Moody's Investors Service Chi le Wylie is located 25 miles northeast of Dallas in Collin County(Aaa stable), in the northeastern portion of the DFW metroplex.The city encompasses 37 square miles with an estimated population of approximately 50,000 residents. Detailed creditconsiderations Economy and tax base:rapidly growing city northeast of Dallas After already posting substantial gains,new ongoing residential,commercial and industrial development will drive future tax base growth across the city. The city's tax base has expanded at an average annual rate of 9.8% in the past five years to fiscal 2022's full value(FV)of nearly $5.3 billion,a sizeable increase compared to rated peers.The recent valuation increases are attributable, in part,to new single family residential development. Due to its location with access to major employment centers in Plano(Aaa stable), Richardson (Aaa stable) and Dallas,the city has developed into a bedroom community with single family residences accounting for 74%of 2022 taxable value. The city's population growth has continued during the last decade at a steady clip of over 20% between 2010 and 2020,after growing by 246%from 1990 to 2010.Wylie's credit profile benefits from strong income indices,with median family income of 126.4%of US (2019 ACS).The city's unemployment rate increased during the pandemic,similar to nearly every other city in the US,but Wylie's most recent unemployment rate of 33%as of November 2021 reflects that it is rebounding faster than the state(4.5%®)and the US (3.9%) for the same time period. Financial operations and reserves:strong reserves The city's finances remain stable,a product of conservative budgeting and forecasting practices coupled with adherence to a formal fund balance policy. This publication does not announce a credit rating action.For any credit ratings referenced in this publication,please seethe ratings tab on the issuer/entity page on vwuw.moodys.com forth:most updated credit rating action information and rating history.; 2 11 February 2022 Wylie(City of)TX:Update following upgrade of issuer rating to Aa1 ~ ' w � In five of the last six fiscal years,thecity's genera If und posted operating surpluses which have driven strong reserve growth,with the dty's available general fund reserves reaching$3lmifflonin fiscal 2O21 (September 3Oyeapend),ora healthy 6O.4&ofrevenues. Onan operating fund basis,reserves are similarly healthy at$32] million and 5496of combined revenue in the general and debt service funds.Though the city anticipates using$6.6 million of general fund balance for some one-time capital improvements,the projected ending available operating fund balance is expected to remain around 50%of budgeted revenue,These figures do not include American Rescue Plan Act(ARPA)funds,which includes an expected allocation of$3 million in the current fiscal year. Across the dty's two operating funds the city primarily derives its revenues from property taxes(G0Y6nf revenues)and sales taxes P (13Y&).Sales taxes are economically sensitive; however,for budge m �in�purposes.�heci1yassumesze8mwthwhenthehistoricai ~ ' average is approximately 996 per year over the last five years,Regarding property tax rates,in fiscal 2O22 city officials were able to reduce the total rate tu$644/$1.DODAVfrom$672/$1,000AV. » P Liquidity m General fund cash is roughly in line with fund balance.At fiscal 2021 year-end,the city reported $34.2 million in cash,or a robust 66.6%of revenues.Operating fund cash was$35.5 million,or a similarly strong 59.3%of combined operating revenues. � Debt and pensions:average debt burden with additional debt expected The direct debt burden is expected 10 remain around current levels despite future planned borrowing because of expected tax base growth.Inclusive of the current sale,the city's debt burden is 1.4%of 2022 full value which is slightly above the national median of similarly rated peers. However,after adjusting for utility system support of roughly$7 million of general obligation limited tax/GOO1 . � bonds,the debt burden decreases to 1.2%and is on par with peers.Wylie expects to borrow annually over the next several years to � address transportation related capital needs associated with steady population growth,with the next anticipated bond issue of roughly �2OmiiUons�tedfnrear�2O�5 � ~ . x Legal security The bonds constitute direct obligations of the city, payable from en annual,continuing ad valorem tax levied,within the limit ' prescribed by law,onall taxable property located within the city. � . ^ Debt structure After the sale of the Series 2OZZbonds,the city will have$72 million in outstanding fixed-rate obligations.The debt service schedule � is descending,allowing for the layering inofaddb|onaidebt without adjustment 10 tax rates.All bonds retire byZO42.and ten year � principal amortization is fast ct84Y6. o � ' Debt-reLatedderivatives The city is not party to any derivatives. 0 Pensions and OPEB u ~ The city has a manageable pension liability from its participation in the Texas Municipal Retirement System (TIVIRS),an agent multiemployer hybrid defined benefit plan. Moody's adjusted net pension liability(ANPL)for the city, under our methodology for ~' adjusting reported data,was$93.8 million or a manageab[e 1.6 times operating revenues and 1.9%of full value.The three year average ANPL to operating revenues is 1.2 times.Moody's ANPL reflects certain adjustments we make to improve comparability of reported pension liabilities.The adjustments are not intended to replace the city's reported liability information, but to improve comparability � with other entities . � Total fixed costs,which include pension contributions,OPEB contributions and annual debt service,are comparable to peers at 20%of s-� operating revenues. Favorably,the city has contributed at or above the tread water level in five out of the last six fiscal years.The"tread water"indicator measures the annual government contribution required to prevent the reported net pension liability from growing,under reported �..� assumptions.Contributions above this level cover all net pension liability interest plus pay down some principal;this is stronger from a u credit perspective compared tu contributions below this level. ^ � � [' y nmm�� w*��*,v/�v��°�*°��°=�"�=�g�= �� ESG considerations Environmental The local government sector generally has low exposure to environmental risks.The city's exposure to rising environmental risks is medium,with exposure to rising heat and water stress. Favorably,federal and state governments help mitigate these exposures.The US government continues to provide substantial assistance via its Federal Emergency Management Agency(FEMA) in the wake of large storms.The State of Texas(Aaa stable) has taken action to help mitigate water stress risk within its borders by issuing general obligation debt through the Texas Water Development Board (TWDB)since the 1950s to finance a variety of water conservation and supply projects. Social Social factors,which include demographics,labor force and income metrics,are reflected in the city's economic and financial performance.The city's steady population growth bolsters its labor force,drives new development and,by extension,generates new tax base growth.Since 2010 the city's population base has grown over 20%to an estimated 49,759 residents as of 2019 (American Community Survey).Resident income levels are favorable.As of 2019,median family income in the city was 126.4%of the nation. Governance Governance is an important consideration for all municipal credits and that remains true for Wylie,which benefits from strong oversight and planning practices.Wylie is governed by a City Council comprised of a mayor and six council members.The city's management demonstrates strong governance through active capital planning to address population demands,and as well as adherence to a formal fund balance policy to maintain at least 25%of operating expenditures in reserve.Though management informally strives to maintain a higher 35%of operating expenditures in reserve. Texas Cities have an institutional framework score 1 of"Aa,"which is strong. Institutional Framework scores measure a sector's legal ability to increase revenues and decrease expenditures. Revenues are largely derived from property taxes which tend to be highly stable and predictable,sales taxes which are moderately stable and predictable and other fees.As a result unpredictable revenue fluctuations tend to be minor,or under 5%annually.Cities have a moderate ability to raise revenues because most cities are at the sales tax cap set by state statute.Additionally,property taxes are subject to a statutory cap of$25 per$1,000 of assessed values,with no more than$15 allocated for debt.Although most cities are well under the cap,cities can only increase their property tax revenues by 3.5% on existing property without voter approval on an annual basis,all increases above 3.5% must be approved by voters.Operating expenditures for cities tend to be highly stable and predictable with minor fluctuations under 5%annually.Cities also have a strong ability to reduce expenditures. 4 11 February 2022 Wylie(City of)TX:Update following upgrade of issuer rating to Aa1 i 10 was= Rating methodotogy and scorecard factors The US Local Government General Obligation Debt methodology includes a scorecard,a tool providing a composite score of a local government's credit profile based on the weighted factors we consider most important,universal and measurable,as well as possible notching factors dependent on individual credit strengths and weaknesses.Its purpose is not to determine the final rating,but rather to provide a standard platform from which to analyze and compare local government credits. Exhibit Wylie(City of)TX Rat Measure Score Economy/Tax Base(30%)JI] Base Site:Full Value(in 000s) $5,296,830 Aa 17u-tl Value Per Capita $106,450 Aa Median Farn 126.4% Aa Finances(30%) Fund Balance as a%of—Revenues 54.0% Aaa 5-Year Dollar Change in Fund Balance as%of Revenues 24.0% Aa Cash Balance as a%of Revenues 59.3% Aaa 5-Year Dollar Change in Cash Balance as%of Revenues— 2&9% Aaa Management(20%) institutional Framework Aa Aa '6-perat[ng History;5-Year Average of o ratiing Revenues/operating l xpenditure 11x Aa 5-e6-t-and—Pensions t20%) 12% Aa Direct DValue t 'r ct 'U" N Direct Debt 1 9—P' r tin Revenues(- b ty/Futl --e(% 11x A Net 'r igy"gJSti V Revenues 1A% Aa a e f M d Ad ed et Pension n L Ifp r aat�Un g��:_I_ u v e 0 � siLiability Average g YearA a of Mood y,s Adjusted Net P n 0, nues 1.2x A t t, ing r 0 , aa rs� Unusually Strong or Weak Security Features Up Scc�re&rd�lnSrca�tedoufcon e Aa1 Assigned Rating Aal [1]Economy measures are based on data from the most recent year available. [2]Notching Factors are specifically defined in the US Local Government General Obligation Debt methodology. [3]Standardized adjustments are outlined in the GO Methodology Scorecard Inputs publication. Sources:US Census Bureau,(OrgName)sfinanclal statements and Moody's Investors Service Endnotes I The institutional framework score assesses a municipality's legal ability to match revenues with expenditures based on its constitutionally and legislatively conferred powers and responsibilities.See PS Lcfcal Government GU"rJ-Q46&aVon Debt Ugly 20201 methodology report for more details. 5 11 February 2022 Wylie(City of)TX:Update following upgrade of issuer rating to Aal 2022 Moody's Corporation,Moody's investors Service,Inc,Moody's Analytics,Inc and/or their licensors and affiliates(collectively,"MOODY'S"),All rights reserved CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES,CREDIT COMMITMENTS,OR DEBT OR DEBT-LIKE SECURITIES,AND MATERIALS,PRODUCTS,SERVICES AND INFORMATION PUBLISHED BY MOODY'S(COLLECTIVELY, "PUBLICATIONS")MAY INCLUDE SUCH CURRENT OPINIONS MOODY'S DEFINES CREDIT RISK AS THE RISK THATAN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT SEE APPLICABLE MOODY'S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY'S CREDIT RATINGS,CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK,INCLUDING BUT NOT LIMITED TO:LIQUIDITY RISK,MARKET VALUE RISK,OR PRICE VOLATILITY.CREDIT RATINGS,NON-CREDIT ASSESSMENTS("ASSESSMIENTS"),AND OTHER OPINIONS INCLUDED IN MOODY'S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT,MOODY'S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY'S ANAILYTICS,INC,AND/OR ITS AFFILIATES.MOODY'S CREDIT RATINGS,ASSESSMENTS,OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE,AND MOODY`S CREDIT RATINGS,ASSESSMENTS,OTHER OPINIONS AND PUBLICATIONS ARE NOTAND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE,SELL,OR HOLD PARTICULAR SECURITIES.MOODY's CREDIT RATINGS,ASSESSMENTS,OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. 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creditworthiness of a debt obligation of the issuer,not on the equity securities of the issuer or any form of security that is available to retail investors Additional terms for japan only:Moody'sjapan KX ("MJKK")is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K-,which is wholly-owned by Moody's Overseas Holdings Inc,a wholly-owned subsidiary of MCO.Moody's SF Japan K K ('MSFJ")is a whatty-owned credit rating agency subsidiary of MJKK MSFJ is not a Nationally Recognized Statistical Rating Organization("NRSRO") Therefore,credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and,consequently,the rated obligation will not qualify for certain types of treatment under LTS laws,MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner(Ratings)No 2 and 3 respectively. MJKK or MSFJ(as applicable)hereby disclose that most issuers of debt securities(including corporate and municipal bonds,debentures,notes and commercial paper)and preferred stock rated by MJKK or MSFJ(as applicable)have,prior to assignment of any credit rating,agreed to pay to MJKK or MSFJ(as applicable)for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000 MJKK and MSFJ also maintain policies and procedures to addressialparrese regulatory requirements REPORT NUMBER 1318910 6 11 February 2022 Wylie(City of)TX:Update following upgrade of issuer rating to Aal CLIENT SERVICES Americas 1-212-553-16S3 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EEA 44-20-7772-5454 INVESTORS SERVICE 7 11 February 2022 Wylie(City of)TX:Update following upgrade of issuer rating to Aa1 S&P Global Ratings RatingsDirecto .....................I........... ....... ..... ....................................... Summary: Wylie, Texas- General Obligation Primary Credit Analyst: Melissa Banuelos,Dallas+ 1 (214)871 1403;Melissa.Banuelos@spglobal.com Secondary Contact: Bikram Dhaliwal,Dallas;bilaam.&aliwal@spglobal.com Table Of Contents .............................. ....................... ......... ........ ............... Rating Action Stable Outlook Credit Opinion Related Research WWW.STAN DAR DAN DPOOR S,COM/RATI N GS DIRECT FEBRUARY 8,2022 1 Wylie, Texas; neral Obligation US$12.105 mil GO rfdg and imp bnds ser 2022 dtd 02/15/2022 due 02/15/2042 Long Term Rating AA/Stable New Wylie comb tax and rev cents of oblig ser 2017 dtd 05/01/2017 due 02/15/2037 Long Term Rating AA/Stable Affirmed Wylie GO Long Term Rating AA/Stable Affirmed Rating Action S&P Global Ratings assigned its' 'Iong-term rating to Wylie,Texas'approximately$12.1 million series 2022 general obligation(GO)refunding and improvement bonds.At the same time, S&P Global Ratings affirmed its'AA'ratings on the city's existing certificates and GO debt.The outlook is stable. An ad valorem property tax,within limits prescribed by law,on all taxable property within the city secures the GO bonds.An ad valorem-tax pledge and limited surplus waterworks-and-sewer-system net revenue,not to exceed 1,000,secure the certificates outstanding.However,given the limited nature of the additional pledged revenues,we base our ratings on these obligations on the city's ad valorem tax pledge. The maximum allowable rate in Texas is$2.50 per$100 of assessed value(AV)for all purposes with the portion dedicated to debt service limited to$1.50 per$100 of AV.The city's levy is well below the maximum at 64.375 cents, 15.189 cents of which management dedicates to debt service.Based on the application of our criteria,titled"Issue Credit Ratings Linked To U.S. Public Finance Obligors'Creditworthiness,"published Nov. 20, 2019,we do not differentiate between the city's limited-tax GO debt and general creditworthiness.We believe ylie's ability to meet debt service and continue to operate has a strong link to its general creditworthiness and that there are no significant limitations on resource fungibility. Officials will use the series 2022 bond proceeds for various citywide projects and to refund a portion of the city's obligations outstanding for debt service savings. Credit overview Wylie is about 25 miles northeast of downtown Dallas.The local economy continues to experience steady growth owing to its location in the broad and diverse Dallas-Fort Worth metroplex and ongoing developments within the city. Conservative budgeting has contributed to management maintaining reserves at what we consider a very strong 71% of expenditures in fiscal 2021.As the city has done historically,it plans to fund capital projects with excess fund balance above the city's formal 25%reserve policy.Although Wylie plans to issue additional debt over the medium term,we do not expect our view of the city's debt profile to deteriorate.The stable outlook reflects S&P Global Ratings opinion that finances will likely remain stable during the next few fiscal years,supported by ongoing local economic growth due to its location. WWW.STANDARDANDPOORS.COM/RATINGSDIRECT FEBRUARY 8, 2022 2 Summary: Wylie, Texas; General Obligation The rating reflects our opinion of the city's: • Strong economy,with access to the Dallas-Fort Worth broad and diverse metropolitan statistical area( SA); • Very strong financial management,with strong financial policies and practices under our Financial Management Assessment(FA)methodology and a strong institutional framework score; • Consistent operating surpluses and maintenance of solid reserves, despite capital spending;and • Weak debt-and-contingent-liability profile,with additional new money debt plans in the near-term. Environmental, social, and governance We analyzed the city's environmental,social, and governance(ESG)risks relative to its economy,management, financial measures, and debt and liability profile, and determined that all are in line with our view of the sector standard. Stable Outlook Upside scenario We could raise the rating if ongoing economic expansion coupled with robust job opportunities leads to stronger per capita market values and incomes we consider similar with higher-rated peers, all while maintaining strong finances. Downside scenario We could lower the rating if,in the unlikely event,financial performance deteriorates,leading to sustained and significant reserve drawdowris. Credit Opinion Primarily residential tax base with continued growth expected The approximately 37-square-mile Wylie is 25 miles northeast of downtown Dallas along State Highway 78, 10 miles east of Plano.The local economy,which has benefitted from robust growth in the Dallas-Fort Worth MSA recently, largely centers on retail and manufacturing with more than 40 diversified manufacturing plants operating within city limits.Along with city government, other leading employers include: . Wylie Independent School District(2,800 employees); - North Texas Municipal Water District(830); . Walmart Inc(497); . Sanden International(USA)Inc(383); and . The Kroger Co.(252). The local property tax base is very diverse with the 10 leading taxpayers accounting for only 5.6%of taxable AV in fiscal 2022.Taxable AV has demonstrated steady year-over-year growth since fiscal 2015,and management expects this trend to continue in line with ongoing development. WWW.STANDARDANDPOORS,COM/RATINGSDIRECT FEBRUARY 8,2022 3 Summary: Wylie, Texas; General Obligation Residential and commercial development have contributed to healthy AV growth recently.Single-family residential construction permits have been steady during the past five years with 500 building permits expected in fiscal 2022. Sales tax collections in fiscal 2021 were 18%higher than fiscal 2020 due partially to growing population and commercial growth. Other economic developments include an additional 5,000-square-foot commercial lot and an additional facility for inventory and distribution. Very strong management with strong financial policies and practices Highlights include management's: * Conservative budgetary practices that consider three years of historical and projected trends with outside sources consulted to help generate revenue and expenditure assumptions; * Regular financial and investment-performance monitoring with formal monthly budget-to-actual and investment-management reports to the city council; * Five-year general fund forecasting beyond the budget year,including conservative growth assumptions; * Detailed five-year capital improvement plan that it updates annually that identifies potential funding; * Reserve-policy target that requires maintaining unassigned general fund balance at a minimum 25%of general fund expenditures;and * A formal debt-management policy that includes quantitative measurables. Strong budgetary performance with very strong reserves, despite planned use of reserves We have adjusted our ratios for,what we view as,recurring transfers into and from the general fund,and eliminated expenditures toward capital outlay across all governmental funds that were funded from bond proceeds. Officials attribute fiscal 2021 performance to lower-than-budgeted general fund expenditures with a positive variance of$4.4 million.In fiscal 2021,property taxes generated 56%of general fund revenue,followed by sales taxes at 16% and service fees at 9%. The fiscal 2022 budget includes the roughly$6.6 million use of fund balance for capital-related expenses.We understand the city will likely continue spending reserves above its formal reserve policy on one-time capital projects. Additionally,the city anticipates a total of$6.0 million in American Rescue Plan Act(ARP)funds,which have not yet been allocated. We expect budgetary flexibility will likely remain what we consider very strong during the next two fiscal years, supported by Wylie's good history of maintaining available reserves above its formal minimum 25%reserve policy. The city has historically had,what we consider,very strong cash and we do not believe Wylie's cash will deteriorate during the next two fiscal years.The city does not currently have contingent liabilities that we think would cause immediate or future liquidity stress. A weak debt and contingent liability profile with additional debt plans Following these issuances,the city will have about$82.2 million in debt outstanding.In our calculations,we adjusted for the portion of tax-backed debt supported by the enterprise funds,totaling about$13.9 million.We understand WWW.STANDARDANDPOORS.COM/RATINGSDIRECT FEBRUARY 8, 2022 4 Summary: Wylie, Texas; General Obligation officials plan to issue the rerninder of the authorized-but-unissued debt yearly until 2026,but we do not expect our view of the city's debt profile will change materially.We understand the city does not have any swaps or variable-rate debt. Pension and other postemployment benefits(OPEB)highlights We do not view pension and OPEB liabilities as an immediate credit pressure for the city because we consider required contributions manageable compared with total governmental expenditures. If required material contributions increase unexpectedly during the next few fiscal years,we do not think this will affect fiscal stability due to the reserves,including utility funds,officials could use for contingencies,if needed. At Dec. 31, 2020,the latest measurement date,Wylie participates in the state-administered Texas Municipal Retirement System(TMRS),which was 85.4%funded,with a net pension liability equal to$13.5 million. Wylie's combined required pension and actual OPEB contribution totaled 6.0%of total governmental-fund expenditures in fiscal 2021.The city made its full annual required pension contribution in fiscal 2021.Wylie's required pension contribution is its actuarially determined contribution, calculated at the state level based on an actuary study; the city has historically funded annual required costs in full. Actuarial assumptions include a 6.75%discount,which we view as somewhat aggressive,representing market risk and resulting in contribution volatility if TMRS fails to meet assumed investment targets.In addition,contributions will likely grow due to the use of level-payroll funding rather than level-dollar contributions,which would result in consistent payments. Wylie also participates in the cost-sharing,multiple-employer,defined-benefit,group-term,TMRS-operated, life-insurance coverage known as the supplemental-death-benefits fund;the city could terminate this coverage and discontinue participation by adopting an ordinance before Nov. 1 of any year, effective the following Jan. 1.Retiree death benefits are an OPEB.Death benefits are a fixed$7,500. Strong institutional framework The institutional framework score for Texas municipalities is strong. Most recent Historical information 2021 2020 2019 Strong economy Projected per capita EBI%of U.S. 111.7 Market value per capita 90,087 Population 58.797 57,536 55,820 County unemployment rate(%) 6.3 Market value($000) 5,296,830 4,923,647 4,705,995 Ten largest taxpayers%of taxable value 6.6 WWW.STANDARDANDPOOBS.COM/RATINGSDIRECT FEB RUARY 8, 2022 5 Summary: Wylie, Texas; General Obligation Most recent Historical information 2021 2020 2019 Strong budgetary performance Operating fund result%of expenditures 13.0 3.7 3.7 Total governmental fund result%of expenditures 14.1 0.2 4.1 Very strong budgetary flexibility Available reserves%of operating expenditures 71.4 50.8 47.3 Total available reserves($000) 30,476 21,976 19,459 Very strong liquidity Total government cash%of governmental fund expenditures 125.4 103.2 89.9 Total government cash%of governmental fund debt service 773.5 688.1 554.6 Very strong management Financial Management Assessment Strong Weak debt and long-term liabilities Debt service%of governmental fund expenditures 16.2 15.0 16.2 Net direct debt%of governmental fund revenue 107.7 Overall net debt%of market value 7.4 Direct debt 10-year amortization(%) 84.0 Required pension contribution%of governmental fund expenditures 6.5 OPEB actual contribution%of governmental fund expenditures 0.0 Strong institutional framework Data points and ratios may reflect analytical adjustments. BI--Effective buying income.OPEB--Other postemployment benefits. ResearchRelated • Through The ESG Lens 2.0:A Deeper Dive Into U.S.Public Finance Credit Factors,April 28, 2020 • 2020 Update Of Institutional Framework For U.S.Local Governments n Certain terms used in this report,particularly certain adjectives used to express our view on rating relevant factors,have specific meanings ascribed to them in our criteria,and should therefore be read in conjunction with such criteria.Please see Ratings Criteria at www.standardandpoors.com for further information.Complete ratings information is available to subscribers of RatingsDirect at .capitaliq.co .All ratings affected by this rating action can be found on S&P Global Ratings'public website at .standardandpoors.co .Use the Ratings search box located in the left column. C: W.STANDA DA DPOORS.COM/RATINGSDIRECT FEBRUARY 8,2022 6 � - ^ � - ' � ~ ^ * ' � - ~ Coppight@ 2022 by Standard&Pom's Financial Services LLC.All rights reserved. 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COST BOK Financial Securities,Inc. 2.218757%® Ra mond James&Associates,Inc. 2.288003% The Baker Group 2.290352%® Robert W.Baird&Co.,Ina 2.305237% FHN Financial Capital Markets 2.369019%® KeyBanc Ca ital Markets 2.414937% Prepared by: HilltopSecurities AHilltop HoldingsCompany. 777 Main Street,Suite 1525 Fort Worth,Texas 76102 (817)332-9710 Final $12,005,000 City of Wylie, Texas General Obligation Reftmding and Improvement Bonds, Series 2022 Debt Service Schedule Date Principal Coupon Interest Total P+I 09/30/2022 - - - 09/30/2023 125,000.00 3.000% 593,340.83 718,340.83 09/30/2024 195,000.00 3.000% 421,025.00 616,025.00 09/30/2025 200,000.00 3.000% 415,100.00 615,100.00 09/30/2026 805,000.00 3.000% 400,025.00 1 205,025 00 09/30/2027 835,000.00 3.000% 375,425.00 1,210,425.00 09/30/2028 3,900,000.00 4.000% 284,900.00 4,184,900.00 09/30/2029 1,985,000.00 4.000% 167,200.00 2,152,200.00 09/30/2030 275,000.00 4.000% 122,000.00 397,000.00 09/30/2031 290,000.00 4.000%--__1 10,700 00 400,700.00 �9/30/:�032 305,000.00 4.000% 98,800.00 403,800.00 09/30/2033 270,000.00 3.000% 88,650.00 358,650.00 09/30/2034 275,000.00 3.000% 80,475.00 355,475.00 09/30/2035 285,000.00 3.000% 72,075.00 357,075.00 09/30/2036 295,000.00 3.000%-----1--..-- 63,375.00 358,375.00 -09/30/2037 305,000.00 3.000% 54,375.00 359,375.00 09/30/2-038 ---315-,000.00 3.000°/® 45,075.00 360,075.00 09/30/2039 320,000.00 3.000% 35,550.00 355,550.00 09/30/2040 330,000.00 3.000% 25,800.00 355,800.00 09/30/2041 340,000.00 3.000% 15,750.00 355,750.00 �9/30/2042 - 355,000.00 3.000% 5,325.00 360,325.00 Total $12,005,000.00 - $3,474,965.83 $15,479,965.83 'Cash Premium Paid y F�urchaser $1,106,480.50 True Interest Cost(TIC) 2.2193529% Final $6,770,000 City of Wylie, Texas General Obligation Refimding and Improvement Bonds, Series 2022 Refunding Debt Service Comparison OLD Refunded NEW 2022 Prior D/S Fund Date Debt Service Debt Service Transfers Savings 09/30/2022 121,787.50 83,000.00 38,787.50 09/30/2023 322,275.00 359,954.58 (37,679.58) 09/30/2024 319,675.00 258,650.00 61,025.00 09/30/2025 321,993.75 258,650.00 63,343.75 09/30/2026 909,481.25 844,725.00 64,756.25 09/30/2027 916,731.25 851,500.00 65,231.25 09/30/2028 3,889,012.50 3,828,600.00 60,412.50 09/30/2029 1,858,456.25 1,794,900.00 63,556.25 09/30/2030 102,575.00 39,100.00 63,475.00 09/30/2031 104,650.00 42,600.00 62,050.00 09/30/2032 106,575.00 45,900.00 60,675.00 Total $8,973,212.50 $8,324,579.58 $83,000.00 $565,632.92 Present Value Analysis Summary Net Present-V.1.e Net PV Benefit $7,525,000 Refunded Principal ------------ - -------------- -------- • -MIME till Hilltop Securities Inc. Public Finance ISSUE°S INTEREST AVERAGE HISTORICAL SALE INFORMATION SALE DATE RATE LIFE $12,005,000 City of Wylie, Texas General Obligation Refunding and 2-22-22 2.2193529% 8.415 Years Improvement Bonds,Series 2022 $5,310,000 City of Wylie,Texas Combination Tax and Revenue Certificates of 2-9-21 1.445035% 11.511 Years Obligation,Series 2021 $4,885,000 City of Wylie, Texas General Obligation Refunding Bonds, Series 2-9-21 0.469537% 3.970 Years 2021 $8,500,000 City of Wylie,Texas Combination Tax and Revenue Certificates of 4-10-18 3.2343578% 11.610 Years Obligation,Series 2018 $7,175,000 City of Wylie,Texas Combination Tax and Revenue Certificates of 5-9-17 3.059652%Q 12.352 Years Obligation,Series 2017 $34,250,000 City of Wylie,Texas General Obligation Refunding Bonds, Series 4-5-16 2.0629025% 7.517 Years 2016 $21,240,000 City of Wylie,Texas General Obligation Refunding Bonds,Series 4-9-15 2.403382% 7.615 Years 2015 $7,400,000 City of Wylie, Texas General Obligation Refunding Bonds, Series 4-4-13 1.8714084% 7.434 Years 2013 $7,005,000 City of Wylie, Texas General Obligation Refunding Bonds, Series 7-24-12 2.7229811% 14.721 Years 2012 $1,565,000 City of Wylie, Texas Public Property Finance Contractual 7-24-12 2.6250388%® 11.001 Years Obligations,Series 2012 PRELIMINARY OFFICIAL STATEMENT Ratings: HTSContinuingD!sclosureServices4* Moody's: "Aal" Dated February 10,2022 S&P: "AA." 2 (eC (Sea"OTHER INFORMATION- NEW ISSUE-Book-Entry-Only Ratings"herein) In the opinion ofBond Counsel,interest 001 the Bonds will he excludable from gross income for federal income tax purposes under existing lcnv, o subjectio the inaners described under THE BONDS WILL NOT BE DESIGNATED AS"QUALIFIED TAX-EXEMPT OBLIGATIONS"FOR FINANCIAL INSTITUTIONS. 2 0 1 I $12,125,000*AI CITY OF WYLIE,TEXAS - 2 fv (Collin,Dallas and Rockwall Counties) . CITY OF GENERAL OBLIGATION REFUNDING AND >W 0 WYLIE IMPROVEMENT BONDS,SERIES 2022 Dated Date: February 15,2022 Due: February 15,as shown below Interest to accrue from Delivery Date PAYMENT TERMS...Interest on the$12,125,000*City of Wylie,Texas,General Obligation Refunding and Improvement Bonds,Series 2022 (the'Bond,`)will accrue front the delivery date(the"Delivery Date'),will be payable August 15 and February 15 of each year,commencing 0 0 February 15,2023„until maturity or prior redemption and will be calculated on the basis of a 360-day year consisting of twelve 304ky months. Ifto definitive Bonds will be initially registered and delivered only to Cede&Co,the nornmee of The Depository Trust Company("DTC") in described herein. Beneficial ownership ofthe Bonds may be acquired in denominations of$5,000 or B E 'y Od"System P thereof 1�1`hhru 0 maturity:"it 00' in rity. No physical delivery of the Bonds will he made to the beneficial owners thereof. Principal of, a f interest on the 130 to I multiples e rerEurn d n any, n I rids will be payable by the Paying Agent/Registrar to Cede&Co.,which will make distribution of the p - -a cipat ing amounts so aid to the rssa tubers ofDTC for subsequent payment to the beneficial owners ofthe Bonds, See"THE BONDS-Book- t _Only V tra� l n he in a 8 n7 s e Bank of New York Mellon Trust Company,N,A.,Dallas,Texas(see 'THE BON S _Pay herein.a g, T'gi I Paying Agent/Registrar is 11re 'tra, in t/ AS A R g 0 AUTHORITY FOR ISSUANCE...The Bonds are issued pursuant to the Constitution and general laws of the State of Texas(the'State"),including particularly " iTexas Chapters 12 0'a, IGovo ine n ' a mended,and-election�eld i,th e eor] City ty 04N ov1c1mb Lr 2021 and constitute di Ibigm i0I feCiryofWyli (the "2Py4bI fTomcontinuing ad valorem tax levied 01Ia rax�blc property within the limits prescribed by la w .5rmidd to thMnauth"i the Boards (d "Bend Ordinance")(see THE J30NDS o Auth"ifor lssumc, and S irntyard of PYn t - PURPOSE...Proceeds from the sale of the Bonds will be used to(i)developing.,expanding,constructing,reconstructing,improving,,repairing, 0 extending,expanding and enhancing McMillen Drive,Park Boulevard and BallardlSaclise Road,including sidewalks and necessary and related 4 storm drainage racilities and improvements,utility relocations and the acquisition of any needed land and rights-of-way therefor,developing, wengineering,constructing,reconstructing,improving,repairing,extending,expanding and enhancing streets,thoroughfares„;alleys and sidewalks, 0 including necessary and related storm drainage facilities and improvements,utility relocations and the acquisition ofany needed,land and rights- engin extending,expanding and enhancing streets, of-way therefor and developing, eering,constructing,reconstructing,Improving,repai necessary and related storm drainage facilities and thoroughfares, alleys and sidewalks in theWylic downt wn historic district, including 0 re oca street lighting,s age, noise abatorneau; tra nalig7ab,'n and controls equipment and the acquisition of i (the"Refunded Obligations")for debt terry to nents e'n ' 0 is of die ff sery cc on "d I bt or r " 'ion" n' g tg oina ect lighting,signag a a utility therefore (i';'.f refund-p ce d and ri li� th ref I Purpose'herein and SCHEDULE I issuance t�,BourL 7E 'ad I I of-way i .....f See P N MANCING imp, with 0 'nym and(fli)I 'y the Costs air vi "to for detailed i U orth, etj h lions ft,,I,,d h d,.,cp on R 'aid d Obligations. MATURITY SCHEDULE* CUSIP Prefix(r): 983064 0 Feb.15 Interest Price or CUSIP Feb.15 Interest Price or CUSIP Amount Maturity Rate Yield Suffix(l) Amount Maturity Rate Yield Suffix0) 00 $ 135,000 2023 $ 270,000 2033 Q) 0 200,000 2024 280,000 2034 'Z 215,000 2025 285,000 2035 815,000 2026 295,000 2036 845,000 2027 305,000 2037 20 0 s 3,910,000 2028 315,000 2038 U 0 2,000,000 2029 325,000 2039 285,000 2030 335,000 2040 2 300,000 2031 345,000 2041 310,000 2032 > 355,000 2042 do r_ (1)—CUSIP is a registered trademark of the American Bankers Association. CUSIP data herein is provided by CUSIP Olobal Services,managed .2 t by S&P Global Market Intelligence on behalfofthe American Bankers Association. This data is not intended to create a database and does not �6 serve in any Nvay as a substitute for the CUSIP services. Neither the City,the Initial Purchaser of the Bonds nor the Financial Advisor is responsible for the selection or correctness ofthe CUSIP numbers set forth herein. z REDEMPTION The City reserves the right,at its option,to redeem Bonds having stated maturities on and after February 15,2032,in whole or �E in pail in principal amounts of$5,000 or any integmt multiple thereof,on February 15,2031,or any date thereafter,at the par value thereof plus 00 accrued interest to the date of redemption(see"THE BONDS-Optional Redemption'). C) LEGALITY. The Bonds are offered for delivery when,as and if issued and received by the Initial Purchaser of the Bonds and subject to the approving opinion of the Attorney General of Texas and the opinion of Norton Rose Fulbright US LLP, Bond Counsel, Dailas Texas (see 2 APPENDIX C,"Form of Bond Counsel's Opinion"), 4, DELIVERY...It is expected that the Bonds will be available for delivery through DTC on March 24,2022(the"Delivery Date"). 0 BrDs DUE TUESDAY,FEBRUARY 22,2022 AT 11:00 AM, CST Preliminary,subject to change. See"THE BONDS-Adjustment of Principal Amounts and/or Types of Bids"in the"Notice of Sale and Bidding Instructions". This Preliminary Offacial Statement,which includes the cover page,Schedule I,and theAppeadices,harem,does not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction to any person to whom it is unlawful to make such offer,solicitation or sale., No deader,braker„.saltapersoa or other pserson has been authod ed to give minrination or to make carry representation other than those contained in this Preliminary Official Staten enr anti dd £ten or motile,such other oif trmatlon or representations must not be relied aapun For purposes of compliance with Rule 15c2-12 of the United States Securities and Exchara w Commission(Ilse fti de'9, this document, as the same may be satpallls mentezf or oarrcc£ed fr am tuna 10 rune,constitutes ara official staterrrerrt of 010 CFt'y with respect to the Ilan is described herein that has been"deemedfnad r by the C'itl+as of trr dates(or the dare ofony.sacpplement or correction),e xceliffior the ormssion ofua rruare than The dnfoarrlatioo pertrFttted by the Ride, The information set forth herein has been obtained from the City and other sources believed to be reliable,but such k forrnot£art Is nor guaromoad as to accuracy or completeness and is not to be construed as the promise or guarantee of the Financial Advisor. 'T'l¢£s f are{£rradraaary OffdclaP Stat roent a ontaPras,In chart;crtirruzres trrul amnors of olanion which are not intended as statements offact,and no representation is made as 10 the correctness of such estimates and opinions,or that they will he roaldaad, The trforaucatum and"pressdons Rf opinion contained hareln tire subteat to change udibout notice,and n#tither the alohnioy of#hds Prelotonary Official Stanitnerrt drat^ any safe matle hermaider shall,under any circuricirartces,create miy ixnplicatlora that there has been no charige,to shr ci ffairs of the Cap or other matters described' herein. See"CONTINUING DISCLOSURE OF INFORMA TION"for a description of the City's undertaking to provide certain information on a continuing basis. NEITHER THE CITY,ITS FINANCLAL ADVISOR,NOR THE INITIAL PURCIFISER OF THE BONDS M4KE ANY Rb'PREShlV7ADON OR WARRANTY WITH RESPECT TO THE INFORMATION CONIAINED IN THIS OFFICIAL STATEMENT REGARDING THE DEPOSITORY TRUST COARDANy OR ITS BOOK-ENTRY ONLYSYSTEM THE BONDS ARE E,)EAIPTFROMREGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE CeaMMIS IONAND CONSEQUENTLY HAVE NOT BEEN REGISTERED THEREWITH THE REGISTRATION,QUALIFICATION,OR E,1EAIPTIONOFTHEBONDSINACCoRDA 'C°r WITH APPLICABLE SECURITIES LAW PROVISIONS OF THE JURISDICTIONIN WHICH THE BONDS HAVE BEEN REGISTERED,QUALIFIED OR EXEMPTED SHOULD NOT BE REGARDED AS A RECOMMENDATION THEREOF THIS OFFICIAL STATEMENT CONTAINS "FORWARD-LOOKING" STATEMENTS WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF193d,ASAMtE T>I;U SUCH STATEAHWTSAIAYINTOLVEKNOWNANDUNKNO RISKS,UNCERTAINTIES AND OTHER FACTORS WHICHMAYCAUSETHEACTUALRESULTS,PERFO NCEAND ACHIEVEMENTS TO BE DIFFERENTEROMFUTURERESULTS,PERFO NCEAND ACHIEVE NTS FXpR f"SSIO OR FLIED BY SUCH FORWA -LOOKING STATE NTS. INVESTORS ARE CAUTIONED THAT THE ACTUAL RESULTS COULD DIFFER MATERMLLYFROMTHOSESETFORTHINTHEFORW -LOOKINGSTAT ENT. TABLE OF CONTENTS PRELIMINARY OFFICIAL STATEMENT TAX MATTERS.............................................................33 SUMMARY.............................................................3 CONTINUING DISCLOSURE OF INFORMATION 34 CITY OFFICIALS,STAFF,AND CONSULTANTS 5 OTHER INFORMATION.................... ELECTED OFFICIALS........... 5 •.•.•••..•••.•...........36 SELECTED ADMINISTRATIVE STAFF.......... ,. RATINGS............... ....,_.................... ...,,..... 36 INDEPENDENT AUDITORS,CONSULTANTS AND ADvlsoRs..5 LITIGATION...........................................................................36 REGISTRATION AND QUALIFICATION OF BONDS FOR SALE 36 INTRODUCTION............................................................7 LEGAL INVESTMENTS AND ELIGIBILITY TO SECURE PUBLIC FUNDS IN TEXAS......................................................36 INFECTIOUS DISEASE OUTBREAK—COVID-19....7 LEGAL OPINIONS AND No-LITIGATION CERTIFICATE........36 PLAN OF FINANCING....... AUTHENTICITY OF FINANCIAL DATA AND OTHER INFORMATION 37 THEBONDS......................................•••••••••......................9 FINANCIALADVISOR............................................................37 INITIAL PURCHASER OF THE BONDS.........................::.... .....37 AD VALOREM PROPERTY TAXATION..................13 CERTIFICATION OF THE OFFICIAL STATEMENT...................37 TABLE I-VALUATION,EXEMPTIONS AND GENERAL FoRwARD-LooKiNG STATEMENTS DISCLAIMER...............37 OBLIGATION DEBT......... .........................................18 MISCELLANEOUS, ,.....:,. ..,.:::,. ,.....::„;...........-38 TABLE 2-TAXABLE ASSESSED VALUATIONS BY CATECsoR.Y19 TABLE 3-VALUATION AND TAX SUPPORTED DEBT SCHEDULE OF REFUNDED OBLIGATIONS..Schedule I HISTORY.... ......................... -...................--....20 TABLE 4-TAX RATE,LEVY,AND COLLECTION HISTORY..2® APPENDICES TABLE 5-TEN LARGEST T AYE .................................20 GENERAL INFORMATION REGARDING THE CITY....... A TABLE 6-TAX ADEQUACY..............................-.............,,21 EXCERPTS FROM CITY OF YLIE, TEXAS TABLE 7-ESTIMATED OVERLAPPING DEBT......................21 COMP HENSIVE ANNUAL FINANCI PORT...B DEBT INFORMATION.................................................22 FoRm OF BOND COUNSEL'S OPINION........................ C TABLE 8-GENERAL OBLIGATION DEBT SERVICE Q MENTs................................................:.......22 The cover page hereof, this page, the Schedule I, the TABLE 9-INTEREST AND SINEING FuND BUDGET appendices included herein and any addenda, supplement, PROJECTION.............. ..,,......................................23 or amendment hereto, are part of the Preliminary Official TABLE 10-COMPUTATION OF SELF-SUPPORTING DEBT....23 Statement. TABLE I 1-AUTHG ED BUT UNISSUED GENERAL OBLIGATION PONDS....... ............... 23 TABLE 12-OTHER OBLIGATIONS..........-..................—.....24 FINANCIAL INFORMATION..................................... 7 TABLE 13—CHANGES IN NET ASSETS................................27 TABLE 13A-GENERAL FUND REVENUES AND EXPENDITURES HISTORY.....................................--28 TABLE 14-MUNICIPAL SALES TAX HISTORY........—..........29 TABLE 15-CURRENT INVESTMENTS...................................32 2 PRELIMINARY FFIC STATEMENT SUMMARY This summary is subject in all respects to the more complete information and definitions contained or incorporated in this Preliminary Official Statement, The offering ofthe Bonds to potential investors is made only by means of this entire Preliminary Official Statement.No person is authorized to detach this summary from this Preliminary Official Statement or to othenvvise use it without the entire Preliminary Official Statement. THE CITY..................................... The City of Wylie (the "City") is a political subdivision and municipal corporation of the State, located primarily in Collin County, Texas with portions of the City extending into Dallas and Rockwall Counties, Texas, The City covers approximately 37 square miles(see "INTRODUCTION-Description of the City"). THE BONDS.................................. The City"s 12,125,000*General Obligation Refunding and Improvement±Bonds,Series,2022 (the "Bonds") are scheduled to mature on February 15 in the years 2023 through 2042(see "THE BONDS-Description of the Bonds"). PAYMENT OF INTEREST .............. Interest on the Bonds accrues from the delivery date and is payable February 15, 2023 and each August 15 and February 15 thereafter until maturity or prior redemption. (see "THE BONDS-Description of the Bonds"and"THE BONDS-Optional Redemption") AUTHORITY FOR ISSUANCE........ The Bonds are issued pursuant to the Constitution and general laws of the State, including particularly Chapters 1207 and 1331, Texas Government Code, as amended, and an election held in the City on November 2,2021, and the Ordinance passed by the City Council of the City(the'Bond Ordinance")(see"THE BONDS-Authority for Issuance"). SECURITY FOR THE BONDS.......... The Bonds constittate'direct obligations of the City, payable from an annual ad valorem tax levied,within the limit prescribed by law,on all taxable property located within the City(see "THE BONDS-Security and Source of Payment"). REDEMPTION............................... The City reserves the right, at its option, to redeem Bonds having stated maturities on and after February 15, 2032, in whole or izt part in principal amounts of$5 000 or any integral multiple thereof,on February'15,2031, or any date thereafter,at the par value thereof plus accrued interest to the date of redemption(see"TIM BONDS-Optional Redemption"). TAx EXEMPTION............................ 1n the opinion of Bond Counsel,the interest on the Bonds will be excludable from gross income for federal income:tax purposes tender existing law,subject to the matters described under"Tax Matters"herein. USE of PROCEEDS....................... Proceeds from the sale of the Bonds will be used to (i) developing,expanding,constructing, reconstructing, improving, repairing, extending;expanding and enhancing..McMillen Drive, Park Boulevard and'Ballard/Sachse Road, including sidewalks and necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights-of-way therefor,developing,engineering,constructing,reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks,including necessary and related storm drainage facilities and improvements,utility relocations and the acquisition of any needed land and rights-of-way therefor and developing, engineering, constructing, reconstructing, improving, repairing,, extending, expanding and enhancing streets,thoroughfares,alleys and sidewalks in the Wylie dots"ntoorn historic district,; including necessary and related storm drainage facilities; and improvements, utility relocations, street lighting, signage, noise abatements, traffic signaliation and controls equipment and the acquisition of any needed land and rights-off way therefor, (ii) refund a portion of the City's outstanding debt(the "'Refunded Obligations") for debt service savings and (iii) to pay the costs associated with the issuance of the Bonds: See "PLAN OF FINANCING Purpose"herein and SCHEDULE I attached hereto for a detailed description of the Refunded Obligations. TINGS....:.... ....: ..... The Bonds and presently outstanding tax supported debt of the City are rated "Aal" by Moody"s Investors Service,Inc.(" oody"s")acid"AA"by S&P Global Ratings,a division on S&P Global Inc.("S&P")(see"Other Information-Ratings") BOOK-ENTRY-ONLY SYSTEM...... The definitive Bonds will be initially registered and delivered only to Cede arc Co., the nominee of DTC pursuant to the Book-Entry-Only System described herein. Beneficial ownership of the Bonds may be acquired in denominations of$5,000 or integral multiples thereof within a maturity. No physical delivery of the Bonds will be made to the beneficial owners thereof. Principal of,premium,if any,and interest can the Bonds will be payable by the Paying Agent/Registrar to Cede& Co.,which will snake distribution of the amounts so paid to the participating members of DTC for subsequent payment to the beneficial owners of the Bonds(see"THE BONDS-Book-Entry-Only System"). PAYMENT RECORD.... The City has never defaulted on the payment of its tax-supported indebtedness. * Preliminary,subject to change. 3 SELECTED FINANCIAL INFORMATION Ratio Funded Fiscal Per Capita Per Capita Tax Debt to Year Estimated Taxable Taxable Funded Funded Taxable %of Ended city Assessed Assessed Tax Tax Assessed Total Tax 9/30 Population Valuation Valuation Debt Debt Valuation Collections 2018 52,003 $3,776,813,114 $72,627 $ 89,910,000 $ 1,729 2.38% 100.00% 2019 53,329 4,259,503,789 79,872 83,575,000 1,567 1.96% 100.00% 2020 53,653 4,705,995,377 87,712 76,870,000 1,433 1.63% 99.14% 2021 58,797 '2' 4,923,646,968 83,740 74,420,000 1,266 1.51% 100.00% 2022 60,561 131 5,296,830,109 87,463 71,580,000 (4) 1,182 1.35% N/A (1) Population estimates from the No Texas Council of Governments,as modified by City staff. (2) Population estimate based on 2020 Census,as modified by City staff. (3) Provided by City Staff (4) Projected;excludes the Refunded Obligations and includes the Bonds.Preliminary,subject to change. For additional information regarding the City,please contact: Brent Parker Melissa Beard Nick Bulaich Interim City Manager City of Wylie Hilltop Securities,Inc. City of Wylie 300 Country Club Road 777 Main Street,Suite 1525 300 Country Club Road or Wylie,Texas 75098 or Fort Worth,Texas 76102 Wylie,Texas 75098 (972)516-6120 (817)332-9710 (972)516-6000 4 CITY OFFICIALS,STAFF,AND CONSULTANTS ELECTED OFFICIALS Length of Term City Council Service Expires OccHation Matthew Porter I Year 4 Months May 2023 Regional Director of Operations-Healthcare Industry Mayor and Councilmember David R.Duke 2 Years 8 Months May 2022 Information Technology Professional Councilmember,Place I Dave Strang I Year 4 Months May 2024 Solutions Engineer Councilmember,Place 2 Jeff Forrester 5 Years 8 Months May 2022 Director of Quality Control-Food Service Industry Mayor Pro Tem,Place 3 Scott Williams 8 Months May 2024 Business Owner/General Contractor Councilmember,Place 4 Timothy T.Wallis,DV M 4 Years 8 Months May 2023 Veterinarian Councilmember,Place 5 Garrett Mize I Year 4 Months May 2023 Attorney Councilmember,Place 6 SELECTED ADMINISTRATIVE STAFF Length of Total Service Governmental Name Position with City Service Brent Parker Interim City Manager 18 Years 18 Years Melissa Beard Finance Director 16 Years 23 Years Richard Abernathy City Attorney 25 Years 25 Years Stephanie Storm,TRMC City Secretary 15 Years 15 Years INDEPENDENT AUDITORS,CONSULTANTS AND ADvisoRs IndependentAuditors.............................................................................................................................Weaver and Tidwell,L.L.P. Dallas,Texas BondCounsel....................................................................................................................................Norton Rose Fulbright US LLP Dallas,Texas FinancialAdvisor..............................................................................................................................................Hilltop Securities Inc. Fort Worth,Texas 5 THIS PAGE LEFT BLANK INTENTIONALLY 6 PRELIMINARY OFFICIAL STATEMENT RELATING TO $12,125,000* CITY OF WYLIE,TEXAS GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS,SERIES 2022 INTRODUCTION This Preliminary Official Statement which includes Schedule I and the Appendices hereto,provides certain information regarding the issuance of$12,125,000* City of Wylie, Texas, General Obligation Refimding and Improvement Bonds, Series 2022 (the "Bonds"). Capitalized terms used in this Official Statement have the same meanings assigned to such terms in the ordinance adopted by the City Council authorizing the issuance of the Bonds(the"Bond Ordinance"),except as otherwise indicated herein. There follows in this Official Statement descriptions of the Bonds and certain information regarding the City and its finances.All descriptions of documents contained herein are only summaries and are qualified in their entirety by reference to each such document. Copies of such documents may be obtained from the City's Financial Advisor, Hilltop Securities Inc. ("HilltopSecurities"),Fort Worth,Texas. All financial and other information presented in this Official Statement has been provided by the City from its records, except for information expressly attributed to other sources. The presentation of information,including tables of receipts from taxes and other sources, is intended to show recent historic information and is not intended to indicate future or continuing trends in the financial position or other affairs of the City. No representation is made that past experience, as is shown by that financial and other information,will necessarily continue or be repeated in the future(see "OTBER INFORMATION—Forward-Looking Statements Disclaimer"). DESCRIPTION OF THE CITY....The City is a political subdivision and municipal corporation of the State of Texas(the "State"), duly organized and existing under the laws of the State,including the City's Home Rule Charter. The City first adopted its Home Rule Charter in 1985 and last amended it in November 2020. The City operates under the Council/Manager form of government with a City Council comprised of the Mayor and six Councilmembers. The City Manager is the chief administrative officer for the City. Some of the services that the City provides are: public safety(police and fire protection), highways and streets, water and sewer utilities,health and social services, culture-recreation, and general administrative services. The 2020 Census population for the City was 57,526,while the 2022 estimated population is 60,561. The City covers approximately 37 square miles. INFECTIOUS DISEASE OUTBREAK—COVID-19 In March 2020, the World Health Organization and the President of the United States separately declared the outbreak of a respiratory disease caused by a novel coronavirus ("COVID-19") to be a public health emergency. On March 13, 2020, the Governor of Texas(the"Governor")declared a state of disaster for all counties in the State because of the effects of COVID-19. Subsequently, in response to a rise in COV-ED-19 infections in the State and pursuant to the Chapter 418 of the Texas Government Code, the Governor issued a number of executive orders intended to help limit the spread of COVID-19 and mitigate injury and the loss of life,including limitations imposed on business operations,social gatherings and other activities. Over the ensuing year, COVID-19 negatively affected commerce, travel and businesses locally and globally, and negatively affected economic growth worldwide and within the U.S., the State and the City. Following the widespread release and distribution of various COVID-19 vaccines beginning in December 2020 and a decrease in active COVID-19 cases generally in the United States,state governments(including Texas)have started to lift business and social limitations associated with COVID- 19.Under executive orders in effect as of the date of this Official Statement,there are no COVID-19 related operating limits for any business or other establishment in Texas. The Governor retains the right to impose additional restrictions on activities if needed in order to mitigate the effects of COVID-19. Additional information regarding executive orders issued by the Governor is accessible on the website of the Governor at https:Hgov.texas.gov/.Neither the information on, nor accessed through, such website of the Governor is incorporated by reference,either expressly or by implication,into this Official Statement. With the easing or removal of associated governmental restrictions, economic activity has increased. However, there are no assurances that economic activity will continue or increase at the same rate,especially if there are future outbreaks of COVID-19 or variants of COVID-19.The COVID-19 pandemic may result in lasting changes in some businesses and social practices,which could affect business activity and limit the growth of or reduce the City's ad valorem and sales tax collections.In addition,further or extended reductions in the value of stocks and other investments could impact employee retirement plans or other funds and could require actions by the State.The City cannot predict the long-term economic effect of COVID-19 or the effect of any future outbreak of COVID-19,or variants of COVID-19,or a similar virus on the City's operations or financial condition. Preliminary,subject to change.See"The BONDS-Adjustment of Principal Amounts and/or Types of Bids"in the"Notice of Sale and Bidding Instructions". 7 Some of the financial and operating data contained herein are as of dates and for periods prior to the economic impact of COVID- 19 and measures instituted to slow it. Accordingly, such information is not necessarily indicative of the current financial condition or future prospects of the City.The City continues to monitor the spread of COVID-1 9 and is working with local,State, and national agencies to address the potential impact of the COVID-1 9 pandemic upon the City.While the extent of the impact of COVID-19 on the City cannot be quantified at this time,the continued outbreak of COVID-19 could have an adverse effect on the City's operations and financial condition,and the effect could be material PLAN OF FINANCING PURPOSE Proceeds from the sale of the Bonds will be used to (i) developing, expanding, constructing, reconstructing, improving,repairing,extending,expanding and enhancing McMillen Drive,Park Boulevard and Ballard/Sachse Road,including sidewalks and necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights-of-way therefor, developing, engineering, constructing, reconstructing, improving,repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks, including necessary and related storm drainage facilities and improvements, utility relocations and the acquisition of any needed land and rights-of-way therefor and developing, engineering, constructing, reconstructing, improving, repairing, extending, expanding and enhancing streets, thoroughfares, alleys and sidewalks in the Wylie downtown historic district, including necessary and related storm drainage facilities and improvements,utility relocations, street lighting,signage,noise abatements,traffic signalization and controls equipment and the acquisition of any needed land and rights-of-way therefor, (ii)refund a portion of the City's outstanding debt (the "Refunded Obligations")for debt service savings and(iii)to pay the costs associated with the issuance of the Bonds. See SCBEDULE I attached hereto for a detailed description of the Refunded Obligations. REFUNDED OBLIGATIONS . . . The Refunded Obligations are being called for redemption on the redemption dates set forth in Schedule I.The principal and interest due on the Refunded Obligations are to be paid on the redemption date of such Refunded Obligations,from funds to be deposited pursuant to a certain Escrow Agreement(the"Escrow Agreement")between the City and Bank of New York Mellon Trust Company,N.A.,Dallas,Texas(the "Escrow Agent"). The Bond Ordinance provides that from the proceeds of the sale of the Bonds received from the Initial Purchaser of the Bonds and other funds of the City,if any,the City will deposit with the Escrow Agent an amount which will be sufficient to accomplish the discharge and final payment of the Reftinded Obligations on the redemption dates. Such funds will be held by the Escrow Agent in a special escrow account(the "Escrow Fund")and used to pay principal and accrued interest on the Refunded Obligations on the redemption dates.Under the Escrow Agreement, the Escrow Fund is irrevocably pledged to the payment of the principal of and interest on the Refunded Obligations.The funds on deposit in the Escrow Fund will not be available to pay debt service on the Bonds. By the deposit of the proceeds of the Bonds and other fonds of the City, if any are required,with the Escrow Agent pursuant to the Escrow Agreement,the City will have defeased of the Refunded Obligations in accordance with applicable State law and the ordinances authorizing the Reftinded Obligations. As a result of such defeasance,the Refunded Obligations will be outstanding only for the purpose of receiving payments from the Escrow Fund held for such purpose by the Escrow Agent,and the Refunded Obligations will not be deemed as being outstanding obligations of the City payable from ad valorem taxes,nor for the purpose of applying any limitation on the issuance of debt, and the City will have no her responsibility with respect to amounts available in the Escrow Fund for the payment of the Relunded Obligations. SOURCES AND USES OF PROCEEDS...The proceeds from the sale of the Bonds will be applied approximately as follows: The Bonds Sources of Funds Par Amount $ Reoffering Premium Transfers from Prior Issue Debt Service Funds Total Sources of Funds $ —Ujo-9f Funds Deposit to Escrow Account $ Deposit to Project Fund Cost of Issuance Total Uses of Funds $ THEBONDS DESCRIPTION OF THE BONDS...The Bonds are dated February 15,2022(the"Dated Date")and mature on February 15 in each of the years and in the amounts shown on the cover page and page 3 hereof. Interest will accrue from the date of initial delivery thereof(the"Delivery Date"),will be computed on the basis of a 360-day year of twelve 30-day months„and will be payable on February 15 and August 15 of each year, commencing February 15, 2023, until maturity or prior redemption. The definitive Bonds will be issued only in fully registered form in any integral multiple of$5,000 for any one maturity and will be initially registered and delivered only to Cede & Co., the nominee of The Depository Trust Company ("DTC") pursuant to the Book- Entry-Only System described herein. No physical delivery of(lie Bonds will be made to the beneficial owners thercoE Principal of,premium,if any,nand interest on the Bonds will be payable by The Bank of New York Mellon Tnist Company,N.r')., Dallas, Texas (the "Paying Agent/Registrar") to Cede & Co., which will make distribution of the amounts so paid to the participating members of DTC for subsequent payment to the beneficial owners of the Bonds. See"THE BONDS-Book-Entry- Only System"herein. AUTHORITY FOR ISSUANCE. . .The Bonds are being issued pursuant to the Constitution and general laws of the State of Texas, particularly Chapters 1207 and 1331, Texas Government Code,as amended,an election held in the City on November 2,2021, and the Bond Ordinance. SECURITY AND SOURCE OF PAYMENT...The principal of and interest on the Bonds are payable from a continuing direct annual ad valorem tax levied by the City,within the limits prescribed by law,upon all taxable property in the City. TAx RATE LIMITATION...All taxable property within the City is subject to the assessment,levy and collection by the City of a continuing, direct annual ad valorem tax sufficient to provide for the payment of principal of and interest on all ad valorem tax debt within the limit prescribed by law. Article XI, Section 5,of the Texas Constitution is applicable to the City,and provides for a maximum ad valorem tax rate of$2.50 per$100 Taxable Assessed Valuation for all City purposes. The Home Rule Charter of the City adopts the constitutionally authorized maximum tax rate of $2.50 per $100 Taxable Assessed Valuation. Administratively,the Attorney General of the State of Texas will permit allocation of$1.50 of the$2.50 maximum tax rate for all general obligation debt service,as calculated at the time of issuance and based on a 90%collection rate. REDEMPTION...The City reserves the right, at its option,to redeem Bonds having stated maturities on and after February 15, 2032, in whole or in part in principal amounts of$5,000 or any integral multiple thereof, on February 15, 2031, or any date thereafter,at the par value thereof plus accrued interest to the date of redemption(see"THE BONDS-Optional Redemption"). MANDATORY SINKING FuND REDEMPTION...In the event any of the Bonds are structured as term Bonds,such term Bonds will be subject to mandatory sinking fimd redemption in accordance with the applicable provisions of the Ordinance, which provisions will be included in the final Official Statement. NOTICE OF REDEMPTION...Not less than 30 days prior to a redemption date for the Bonds,the City shall cause a notice of redemption to be sent by United States mail,first class,postage prepaid,to the registered owners of the Bonds to be redeemed,in whole or in part,at the address of the registered owner appearing on the registration books of the Paying Agent/Registrar at the close of business on the business day next preceding the dale of mailing such notice. ANY NOTICE SO MAILED SHALL BE CONCLUSIVELY PRESUMED TO HAVE BEEN DULY GIVEN, WHETHER OR NOT THE REGISTERED OWNER CEIVES SUCH NOTICE. NOTICE HAVING BEEN SO GIVEN, THE BONDS CALLED FOR REDEMPTION SHALL BECOME DUE AND PAYABLE ON THE SPECIFIED REDEMPTION DATE, AND NOTWITHSTANDING THAT ANY BOND OR PORTION THEREOF HAS NOT BEEN SURRENDERED FOR PAYMENT, INTEREST ON SUCH BOND O PORTION THEREOF SHALL CEASE TO ACCRUE. With respect to any optional redemption of the Fonds,unless moneys sufficient to pay the principal of and premium,if any,and interest on the Bonds to be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice may state that said redemption is conditional upon the receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon the satisfaction of any prerequisites set forth in such notice of redemption; and, if sufficient moneys are not received,such notice shall be of no force and effect,the City shall not redeem such Bonds and the Paying Agent/Registrar shall give notice,in the manner in which the notice of redemption was given, to the effect that the Bonds have not been redeemed. DEFEASANCE...The Bond Ordinance provides that the City may discharge its obligations to the registered owners of any or all of the Bonds,as applicable,to pay principal and interest thereon in any manner permitted by law. Undercurrent Texas law,such discharge may be accomplished either(i)by depositing with the Paying Agent/Registrar or other lawfully authorized entity a sum of money equal to the principal of and all interest to accrue on such Bonds to maturity or redemption(if applicable)or(ii)by depositing with the Paying Age nfRegistrar or other lawfully audioCved entity amounts sufficient,together with the investments earnings thereon,to provide for the payment and/or redemption(if applicable)of such Bonds,provided that such deposits may be invested and reinvested only in(a)direct non-callable obligations of the United States of America, including obligations that are unconditionally guaranteed by the United States of America, (b)noncallable obligations of an agency or instrumentality of the United States,including obligations that are unconditionally guaranteed or insured by the agency or instrumentality and that,on the date the governing body of the City adopts or approves the proceedings authorizing the issuance of refunding obligations,are rated as to investment quality by a nationally recognized investment rating firm not less than "AAA" or its equivalent. The foregoing obligations may be in books entry form,and shall mature and/or bear interest payable at such times and in such amounts as will be sufficient to provide for the scheduled payment and/or redemption(if applicable)of the Bonds,as the case may be. 9 If any of the Bonds are to be redeemed prior to their respective dates of maturity,provision must have been made for the payment to the registered owners of such ponds at the date of maturity or prior redemption of the full amount to which such owner would be entitled and for giving notice of redemption as provided in the Bond Ordinance. Under current State law,after such deposit as described above, such Bonds shall no longer be regarded as outstanding or unpaid,, After firm banking;and financial arrangements for the discharge and final payment or redemption of the Bonds have been made as described above, all rights of the City to initiate proceedings to call the Fonds for redemption or mite any tither action ending the terms of the Bonds are extinguished; provided, however, that the right to call the Bonds for redemption is not extinguished if the City: (i)in the proceedings providing for the firm banking and financial arrangements,expressly reserves the right to call the Bonds for redemption;(ii)gives notice of the reservation of that right to the owners of the bonds immediately following the making of the firm banking and financial arrangements;and(iii)directs that notice of the reservation be included in any redemption notices that it authorizes. Boo -ENTRY-ONLY SYSTEM... This section describes how ownership of the Bonds is to be transferred and how the principal of,premium, if any, and interest on the Bonds are to be paid to and credited by The Depository Trust Company(DTC'), New York, New York, while the Bonds are registered in its nominee name. The information in this section concerning DTC and the Book-Entry-Only System has been provided by DTC for use in disclosure documents such as this Official,Statement. The City believes the source of such information to be reliable, but take no responsibility for the accuracy or completeness thereof. The City cannot and does not give any assurance that (1) DTC will distribute payments of debt service on the Bonds, or redemption or other notices, to C TC Participants, ()DX participants or others will distribute debt service payments paid to DTC or its nominee;(as the registered owner of the Boards),or°redemption or other notices, to the Beneficial Owners,or that they will do so on a timely basis, or(3)DTC will serve and act in the manner described in this Official Statement. The current rules applicable to DTC are on file with the Securities and Exchange Commission, and the current procedures of DTC to be followed in dealing with DTC Participants are on file with DTC. DTC will act as securities depository for the Bonds. The Bonds will be issued as fully-registered securities registered in the name of Cede&Co. (DTC's partnership nominee)or such other name as may be requested by an authorized representative of DTC. One fully-registered security certificate will be issued for each maturity of the Bonds,each in the aggregate principal amount of such maturity,and will be deposited with DTC. DTC,the world's largest depository,is a limited-purpose trust company organized under the New York Banking Law,a"banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation"within the meaning of the New York Uniform Commercial Code,and a"clearing agency"registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments(from over 100 countries) that DTC's participants ("Direct Participants") deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities,through electronic computerized book- entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates.Direct Participants include both U.S.and non-U.S.securities brokers and dealers, batiks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation("DTCC'), DT C is the holding company for DTC,National Securities Clearing Corporation and.fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers,banks,trust companies, and clearing companies that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly("Indirect Participants"). DTC has a Standard&Pdor's rating of +„ The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. Purchases of Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC's records. The ownership interest of each actual purchaser of each Bond("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants'records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are,however,expected to receive written confirmations providing details of the transaction,as well as periodic statements of their holdings,from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Bonds,except in the event that use of the book-entry system for the Bonds is discontinued, To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee,Cede&Co.,or such other name as may be requested by an authorized representative of DTC. The deposit of Bonds with DTC and their registration in the name ofCede&Co.or such other DTC.nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Boards, DTC's records reflect only the identity of the Direct Participants to whose accounts such Bonds are credited,which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 10 Conveyance of notices and other communications by DTC to Direct Participants,by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them,subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Bonds,such as redemptions, tenders,defaults,and proposed amendments to the certificate documents. For example,Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative,Beneficial Owners may wish to provide their names and addresses to the register and request that copies of the notices be provided directly to them. Redemption notices for the Bonds shall be sent to DTC. If less than all of the Bonds of a maturity are being redeemed,DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed. Neither DTC nor Cede&Co. (nor any other DTC nominee)will consent or vote with respect to Bonds unless authorized by a Direct Participant in accordance with DTC's Procedures. Under its usual procedures,DTC mails an Omnibus Proxy to the City as soon as possible after the record date. The Omnibus Proxy assigns Cede&Co.'s consenting or voting rights to those Direct Participants to whose accounts Bonds are credited on the record date(identified in a listing attached to the Omnibus Proxy). Principal and interest payments on the Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts upon DTC's receipt of funds and corresponding detail information from the City or the Paying Agent/Registrar of each series,on the payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices,as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such Participant and not of DTC nor its nominee, the Paying Agent/Registrar of each series,or the City,subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, principal and interest payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the City or Paying Agent/Registrar of each series, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. USE OF CERTAIN TERMS IN OTHER SECTIONS OF THIS OFFICIAL STATEMENT. ..In reading this Official Statement it should be understood that while the Bonds are in the Book-Entry-Only System, references in other sections of this Official Statement to registered owners should be read to include the person for which the Participant acquires an interest in the Bonds,but(i)all rights of ownership must be exercised through DTC and the Book-Entry-Only System,and(ii)except as described above,notices that are to be given to registered owners under the Bond Ordinance will be given only to DTC. Information concerning DTC and the Book-Entry-Only System has been obtained from DTC and is not guaranteed as to accuracy or completeness by,and is not to be construed as a representation by the City or the Financial Advisor. EFFECT OF TERMINATION OF BooK-ENTRY-ONLY SYSTEM...In the event that the Book-Entry-Only System is discontinued by DTC or the use of the Book-Entry-Only System is discontinued by the City,printed Bonds will be issued to the holders and the Bonds will be subject to transfer,exchange and registration provisions as set forth in the Bond Ordinance and summarized under "THE BONDS-Transfer,Exchange and Registration"below. PAYING AGENT/REGISTRAR . . . The initial Paying Agent/Registrar for the Bonds is The Bank of New York Mellon Trust Company,N.A.,Dallas,Texas. In the Bond Ordinance,the City retains the right to replace the Paying Agent/Registrar. The City covenants to maintain and provide a Paying Agent/Registrar at all times until the Bonds are duly paid and any successor Paying Agent/Registrar shall be a commercial bank or trust company organized under the laws of the State of Texas or other entity duly qualified and legally authorized to serve as and perform the duties and services of Paying Agent/Registrar for the Bonds. If the City replaces the Paying Agent/Registrar, such Paying Agent/Registrar shall, promptly upon the appointment of a successor, deliver the Paying Agent/Registrar's records to the successor Paying Agent/Registrar,and the successor Paying Agent/Registrar shall act in the same capacity as the previous Paying Agent/Registrar. Upon any change in the Paying Agent/Registrar for the Bonds, the City agrees to promptly cause a written notice thereof to be sent to each registered owner of the Bonds by United States mail,first class,postage prepaid,which notice shall also give the address of the new Paying Agent/Registrar. PAYMENT . . . Interest on the Bonds shall be paid to the registered owners appearing on the registration books of the Paying Agent/Registrar at the close of business on the Record Date (defined below), and such interest shall be paid(i)by check sent United States Mail, first class postage prepaid to the address of the registered owner recorded in the registration books of the Paying Agent/Registrar or(ii)by such other method,acceptable to the Paying Agent/Registrar requested by, and at the risk and expense of, the registered owner. Principal of the Bonds will be paid to the registered owner at their stated maturity upon presentation to the designated payment/transfer office of the Paying Agent/Registrar. If the date for the payment of the principal of or interest on the Bonds shall be a Saturday,Sunday,a legal holiday or a day when banking institutions in the city where the designated payment/transfer office of the Paying Agent/Registrar is located are authorized to close, then the date for such payment shall be the next succeeding day which is not such a day,and payment on such date shall have the same force and effect as if made on the date payment was due. TRANSFER, ExCHANGE AND REGISTRATION . . . In the event the Book-Entry-Only System should be discontinued, printed certificates will be delivered to the registered owners of the Bonds and thereafter the Bonds may be transferred and exchanged on the registration books of the Paying Agent/Registrar only upon presentation and surrender to the Paying Agent/Registrar and such transfer or exchange shall be without expense or service charge to the registered owner,except for any tax or other governmental charges required to be paid with respect to such registration,exchange and transfer. Bonds may be assigned by the execution of an assignment form on the respective Bonds or by other instrument of transfer and assignment acceptable to the Paying Agent/Registrar. New Bonds will be delivered by the Paying Agent/Registrar, in lieu of the Bonds being transferred or exchanged,at the designated office of the Paying Agent/Registrar, or sent by United States mail, first class,postage prepaid,to the new registered owner or his designee. To the extent possible,new Bonds issued in an exchange or transfer of Bonds will be delivered to the registered owner or assignee of the registered owner in not more than three business days after the receipt of the Bonds to be canceled,and the written instrument of transfer or request for exchange duly executed by the registered owner or his duly authorized agent,in form satisfactory to the Paying Agent/Registrar. New Bonds registered and delivered in an exchange or transfer shall be in any integral multiple of$5,000 for any one maturity and for a like aggregate designated amount as the Bonds surrendered for exchange or transfer. See"THE BONDS-Book-Entry-Only System"herein for a description of the system to be utilized initially in regard to ownership and transferability of the Bonds. Neither the City nor the Paying Agent/Registrar shall be required to transfer or exchange any Bond called for redemption, in whole or in part, within 45 days of the date fixed for redemption;provided,however,such limitation of transfer shall not be applicable to an exchange by the registered owner of the uncalled balance of a Bond. REcoRD DATE FOR INTEREST PAYMENT . . . The record date ("Record Date") for the interest payable on the Bonds on any interest payment date means the close of business on the last business day of the preceding month. In the event of a non-payment of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such interest payment(a"Special Record Date")will be established by the Paying Agent/Registrar,if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest ("Special Payment Date", which shall be 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail,first class postage prepaid,to the address of each Holder of an Bond appearing on the registration books of the Paying Agent/Registrar at the close of business on the last business day next preceding the date of mailing of such notice. REMEDIES...The Bond Ordinance does not specify events of default with respect to the Bonds. If the City defaults in the payment of principal,interest,or redemption price on the Bonds when due,or if it fails to make payments into any fund or funds created in the Bond Ordinance,or defaults in the observation or performance of any other covenants,conditions,or Bonds set for in the Bond Ordinance,the registered owners may seek a writ of mandamus to compel City officials to carry out their legally imposed duties with respect to the Bonds if there is no other available remedy at law to compel performance of the Bonds or the Bond Ordinance and the City's obligations are not uncertain or disputed. The issuance of a writ of mandamus is governed by equitable principles, and within the discretion of the court, but may not be arbitrarily refused. There is no acceleration of maturity of the Bonds in the event of default and,consequently,the remedy of mandamus may have to be relied upon from year to year. No assurance can be given that a mandamus or other legal action to enforce a default under the Bond Ordinance would be successful.Some Texas case law suggests that mandamus relief may not be available to enforce a non-legislatively mandated contract. The opinion of Bond Counsel will state that all opinions relative to the enforceability of the Bonds are qualified with respect to customary rights of debtors relative to their creditors. See "APPENDIX B—Form of Bond Counsel's Opinion." The Bond Ordinance does not provide for the appointment of a trustee to represent the interest of the bondholders upon any failure of the City to perform in accordance with the terms of the Bond Ordinance,or upon any other condition and accordingly all legal actions to enforce such remedies would have to be undertaken at the initiative of,and be financed by,the registered owners. On April 1, 2016 the Texas Supreme Court ruled in Wasson Interests, Ltd. v. City of Jacksonville, 489 S.W. 3d 427 (Tex. 2016)("Wasson')that the sovereign immunity does not imbue a city with derivative immunity when it performs proprietary,as opposed to governmental,functions in respect to contracts executed by a city. The Texas Supreme Court reviewed Wasson again in June 2018 and clarified that to determine whether governmental immunity applies to a breach of contract claim, the proper inquiry is whether the municipality was engaged in a govermnental or proprietary function when it entered into the contract,not at the time of the alleged breach. Therefore in regard to municipal contract cases(as in tort claims)it is incumbent on the courts to determine whether a function was proprietary or governmental based upon the statutory guidance at the time of the contractual relationship. Texas jurisprudence has generally held that proprietary functions are those conducted by a city in its private capacity,for the benefit only of those within its corporate limits,and not as an arm of the government or under the authority or for the benefit of the state. If sovereign immunity is determined by a court to exist,then,the Texas Supreme Court has ruled in Tooke v. City of Mexia 197 S.W. 3d 325 (Tex. 2006) that a waiver of sovereign immunity in a contractual dispute must be provided for by statute in"clear and unambiguous"language. Because it is unclear whether the Texas legislature has effectively waived the City's sovereign immunity from a suit for money damages,bondholders may not be able to bring such a suit against the City for breach of the Bonds or the covenants in the Bond Ordinance. Even if a judgment against the City could be obtained, it could not be enforced by direct levy and execution against the City's property. Further, the registered owners cannot themselves foreclose on property within the City or sell property within the City to enforce the tax lien on taxable property to pay the principal of and interest on the Bonds. Furthermore,the City is eligible to seek relief from its creditors under Chapter 9 of the U.S. Bankruptcy Code ("Chapter 9"). Although Chapter 9 provides for the recognition of a security interest represented by a specifically pledged source of revenues,the pledge of ad valorem taxes in support of a general obligation of a bankrupt entity is not specifically recognized as a security interest under Chapter 9. Chapter 9 also includes an automatic stay provision that would prohibit,without Bankruptcy Court approval,the prosecution of any other legal action by creditors or bondholders of an entity 12 which has sought protection under Chapter 9. Therefore,should the City avail itself of Chapter 9 protection from creditors,the ability to enforce creditors'rights would be subject to the approval of the Bankruptcy Court(which could require that the action be heard in Bankruptcy Court instead of other federal or state court);and the Bankruptcy Code provides for broad discretionary powers of a Bankruptcy Court in administering any proceeding brought before it. The opinion of Bond Counsel will note that all opinions relative to the enforceability of the Bond Ordinance and the Bonds are qualified with respect to the customary rights of debtors relative to their creditors. AD VALOREM PROPERTY TAXATION The following is a summary of certain provisions of State law as it relates to ad valorem taxation and is not intended to be complete. Prospective investors are encouraged to review Title I of the Texas Tax Code,as amended(the 'Property Tax Code'), for identification of property subject to ad valorem taxation, property exempt or which may be exempted from ad valorem taxation if claimed, the appraisal of property for ad valorem tax purposes, and the procedures and limitations applicable to the levy and collection of ad valorem taxes. VALUATION OF TAXABLE PROPERTY...The Property Tax Code provides for countywide appraisal and equalization of taxable property values and establishes in each county of the State an appraisal district and an appraisal review board(the "Appraisal Review Board")responsible for appraising property for all taxing units within the county. The appraisal of property within the City is the responsibility of the Collin Central Appraisal District, Dallas Central Appraisal District and Rockwall Central Appraisal District(collectively,the"Appraisal District").Except as generally described below,the Appraisal District is required to appraise all property within the Appraisal District on the basis of 100%of its market value and is prohibited from applying any assessment ratios. In determining market value of property, the Appraisal District is required to consider the cost method of appraisal, the income method of appraisal and the market data comparison method of appraisal, and use the method the chief appraiser of the Appraisal District considers most appropriate.The Property Tax Code requires appraisal districts to reappraise all property in its jurisdiction at least once every three(3)years.A taxing unit may require annual review at its own expense,and is entitled to challenge the determination of appraised value of property within the taxing unit by petition filed with the Appraisal Review Board. State law requires the appraised value of an owner's principal residence("homestead"or"homesteads")to be based solely on the property's value as a homestead,regardless of whether residential use is considered to be the highest and best use of the property. State law further limits the appraised value of a homestead to the lesser of(1)the market value of the property or(2)110%of the appraised value of the property for the preceding tax year plus the market value of all new improvements to the property. State law provides that eligible owners of both agricultural land and open-space land,including open-space land devoted to farm or ranch purposes or open-space land devoted to timber production, may elect to have such property appraised for property taxation on the basis of its productive capacity. The same land may not be qualified as both agricultural and open-space land. The appraisal values set by the Appraisal District are subject to review and change by the Appraisal Review Board. The appraisal rolls,as approved by the Appraisal Review Board, are used by taxing units, such as the City,in establishing their tax rolls and tax rates(see"AD VALOREM PROPERTY TAXATION—City and Taxpayer Remedies"). STATE MANDATED HOMESTEAD EXEMPTIONS...State law grants, with respect to each taxing unit in the State, various exemptions for disabled veterans and their families, surviving spouses of members of the armed services killed in action and surviving spouses of first responders killed or fatally wounded in the line of duty. LOCAL OPTION HOMESTEAD EXEMPTIONS...The governing body of a taxing unit, including a city,county, school district, or special district at its option may grant: (1)an exemption of up to 20%of the appraised value of all homesteads(but not less than $5,000)and(2)an additional exemption of at least$3,000 of the appraised value of the homesteads of persons sixty-five (65) years of age or older and the disabled.Each taxing unit decides if it will offer the local option homestead exemptions and at what percentage or dollar amount,as applicable. The exemption described in(2),above,may also be created,increased,decreased or repealed at an election called by the governing body of a taxing unit upon presentment of a petition for such creation, increase, decrease,or repeal of at least 20%of the number of qualified voters who voted in the preceding election of the taxing unit. LOCAL OPTION FREEZE FORT ELDERLY AND DISABLED...The governing body of a county,municipality or junior college district may,at its option,provide for a freeze on the total amount of ad valorem taxes levied on the homesteads of persons 65 qualified for such years of age or older or of disabled persons above the amount of tax imposed in the year such residence qualif exemption.Also,upon voter initiative,an election may be held to determine by majority vote whether to establish such a freeze on ad valorem taxes.Once the freeze is established,the total amount of taxes imposed on such homesteads cannot be increased except for certain improvements,and such freeze cannot be repealed or rescinded. 13 PERSONAL PROPERTY...Tangible personal property(furniture,machinery,supplies,inventories,etc.)used in the"production of income" is taxed based on the property's market value. Taxable personal property includes income-producing equipment and inventory. Intangibles such as goodwill, accounts receivable, and proprietary processes are not taxable. Tangible personal property not held or used for production of income, such as household goods,automobiles or light trucks,and boats,is exempt from ad valorem taxation unless the governing body of a taxing unit elects to tax such property. FREEPORT AND GooDs-IN-TRANSIT EXEMPTIONS...Certain goods that are acquired in or imported into the State to be forwarded outside the State, and are detained in the State for 175 days or less for the purpose of assembly, storage, manufacturing, processing or fabrication ("Freeport Property") are exempt from ad valorem taxation unless a taxing unit took official action to tax Freeport Property before April 1, 1990 and has not subsequently taken official action to exempt Freeport Property.Decisions to continue taxing Freeport Property may be reversed in the future;decisions to exempt Freeport Property are not subject to reversal. Certain goods, that are acquired in or imported into the State to be forwarded to another location within or without the State, stored in a location that is not owned by the owner of the goods and are transported to another location within or without the State within 175 days("Goods-in-Transit"),are generally exempt from ad valorem taxation;however,the Property Tax Code permits a taxing unit, on a local option basis, to tax Goods-in-Transit if the taxing unit takes official action, after conducting a public hearing,before January 1 of the first tax year in which the taxing unit proposes to tax Goods-in-Transit. Goods-in-Transit and Freeport Property do not include oil,natural gas or petroleum products,and Goods-in-Transit does not include aircraft or special inventories such as manufactured housing inventory,or a dealer's motor vehicle,boat,or heavy equipment inventory. A taxpayer may receive only one of the Goods-in-Transit or Freeport Property exemptions for items of personal property. OTHER EXEMPT PROPERTY...Other major categories of exempt property include property owned by the State or its political subdivisions if used for public purposes, property exempt by federal law, property used for pollution control, farm products owned by producers,property of nonprofit corporations used for scientific research or educational activities benefitting a college or university, designated historic sites, solar and wind-powered energy devices, and certain classes of intangible personal property. TAX INCREMENT REINvESTMENT ZONES...A city or county,by petition of the landowners or by action of its governing body, may create one or more tax increment reinvestment zones("TIRZ")within its boundaries.At the time of the creation of the TIRZ, a"base value"for the real property in the TIRZ is established and the difference between any increase in the assessed valuation of taxable real property in the TIRZ in excess of the base value is known as the "tax increment". During the existence of the TIRZ,all or a portion of the taxes levied against the tax increment by a city or county,and all other overlapping taxing units that elected to participate,are restricted to paying only planned project and financing costs within the TIRZ and are not available for the payment of other obligations of such taxing units. TAX ABATEMENT AGREEMENTS...Taxing units may also enter into tax abatement agreements to encourage economic development.Under the agreements,a property owner agrees to construct certain improvements on its property.The taxing unit, in turn,agrees not to levy a tax on all or part of the increased value attributable to the improvements until the expiration of the agreement.The abatement agreement could last for a period of up to 10 years. For a discussion of how the various exemptions described above are applied by the City, see"CITY APPLICATION OF TAX CODE"herein. CITY AND TAXPAYER REMEDIES. . .Under certain circumstances,taxpayers and taxing units,including the City,may appeal the determinations of the Appraisal District by timely initiating a protest with the Appraisal Review Board.Additionally,taxing units such as the City may bring suit against the Appraisal District to compel compliance with the Property Tax Code. Beginning in the 2020 tax year,owners of certain property with a taxable value in excess of the current year"minimum eligibility amount",as determined by the State Comptroller,and situated in a county with a population of one million or more,may protest the determinations of an appraisal district directly to a three-member special panel of the appraisal review board,appointed by the chairman of the appraisal review board, consisting of highly qualified professionals in the field of property tax appraisal. The minimum eligibility amount is set at $50 million for the 2020 tax year, and is adjusted annually by the State Comptroller to reflect the inflation rate. The Property Tax Code sets forth notice and hearing procedures for certain tax rate increases by the District and provides for taxpayer referenda that could result in the repeal of certain tax increases (see "AD VALOREM PROPERTY TAXATION— Public Hearing and Maintenance and Operations Tax Rate Limitations").The Property Tax Code also establishes a procedure for providing notice to property owners of reappraisals reflecting increased property value, appraisals which are higher than renditions,and appraisals of property not previously on an appraisal roll. 14 LEVY AND COLLECTION OF TAXES. . . The City is responsible for the collection of its taxes, unless it elects to transfer such functions to another governmental entity. Taxes are due October 1, or when billed, whichever comes later, and become delinquent after January 31 of the following year.A delinquent tax incurs a penalty of six percent(61/6)of the amount of the tax for the first calendar month it is delinquent, plus one percent (10/6) for each additional month or portion of a month the tax remains unpaid prior to July I of the year in which it becomes delinquent.If the tax is not paid by July I of the year in which it becomes delinquent,the tax incurs a total penalty of twelve percent(12%)regardless of the number of months the tax has been delinquent and incurs an additional penalty of up to twenty percent(20%)if imposed by the City.The delinquent tax also accrues interest at a rate of one percent(1%)for each month or portion of a month it remains unpaid.The Property Tax Code also makes provision for the split payment of taxes, discounts for early payment and the postponement of the delinquency date of taxes for certain taxpayers. Furthermore, the City may provide, on a local option basis, for the split payment, partial payment, and discounts for early payment of taxes under certain circumstances. CITY'S RIGHTS IN THE EVENT OF TAX DELINQUENCIES...Taxes levied by the City are a personal obligation of the owner of the property. On January I of each year, a tax lien attaches to property to secure the payment of all state and local taxes,penalties, and interest ultimately imposed for the year on the property. The lien exists in favor of each taxing unit, including the City, having power to tax the property. The City's tax lien is on a parity with tax liens of such other taxing units. A tax lien on real property takes priority over the claim of most creditors and other holders of liens on the property encumbered by the tax lien, whether or not the debt or lien existed before the attachment of the tax lien;however,whether a lien of the United States is on a parity with or takes priority over a tax lien of the City is determined by applicable federal law.Personal property,under certain circumstances,is subject to seizure and sale for the payment of delinquent taxes,penalty,and interest. At any time after taxes on property become delinquent,the City may file suit to foreclose the lien securing payment of the tax,to enforce personal liability for the tax, or both. In filing a suit to foreclose a tax lien on real property,the City must join other taxing units that have claims for delinquent taxes against all or part of the same property. Collection of delinquent taxes may be adversely affected by the amount of taxes owed to other taxing units, adverse market conditions,taxpayer redemption rights,orb ptcy proceedings which restrain the collection of a taxpayer's debt. Federal bankruptcy law provides that an automatic stay of actions by creditors and other entities, including governmental units, goes into effect with the filing of any petition in bankruptcy.The automatic stay prevents governmental units from foreclosing on property and prevents liens for post-petition taxes from attaching to property and obtaining secured creditor status unless, in either case, an order lifting the stay is obtained from the bankruptcy court. In many cases, post-petition taxes are paid as an administrative expense of the estate in bankruptcy or by order of the bankruptcy court. PUBLIC HEARING AND MAINTENANCE AND OPERATIONS TAX RATE LIMITATIONS... The following terms as used in this section have the meanings provided below: "adjusted"means lost values are not included in the calculation of the prior year's taxes and new values are not included in the current year's taxable values. "de minimis rate" means the maintenance and operations tax rate that will produce the prior year's total maintenance and operations tax levy(adjusted)from the current year's values(adjusted),plus the rate that produces an additional$500,000 in tax revenue when applied to the current year's taxable value,plus the debt service tax rate. "no-new-revenue tax rate"means the combined maintenance and operations tax rate and debt service tax rate that will produce the prior year's total tax levy(adjusted)from the current year's total taxable values(adjusted). "special taxing unit"means a city for which the maintenance and operations tax rate proposed for the current tax year is 2.5 cents or less per$100 of taxable value. "unused increment rate"means the cumulative difference between a city's voter-approval tax rate and its actual tax rate for each of the tax years 2020 through 2022,which may be applied to a city's tax rate in tax years 2021 through 2023 without impacting the voter-approval tax rate. "voter-approval tax rate"means the maintenance and operations tax rate that will produce the prior year's total maintenance and operations tax levy(adjusted)from the current year's values(adjusted)multiplied by 1.035,plus the debt service tax rate,plus the"unused increment rate". The City's tax rate consists of two components: (1)a rate for funding of maintenance and operations expenditures in the current year(the"maintenance and operations tax rate"),and(2)a rate for flinding debt service in the current year(the"debt service tax rate"). Under State law,the assessor for the City must submit an appraisal roll showing the total appraised,assessed,and taxable values of all property in the City to the City Council by August I or as soon as practicable thereafter. 15 A city must annually calculate its voter-approval tax rate and no-new-revenue tax rate in accordance with forms prescribed by the State Comptroller and provide notice of such rates to each owner of taxable property within the city and the county tax assessor- collector for each county in which all or part of the city is located.A city must adopt a tax rate before the later of September 30 or the 60th day after receipt of the certified appraisal roll, except that a tax rate that exceeds the voter-approval tax rate must be adopted not later than the 71st day before the next occurring November uniform election date.If a city fails to timely adopt a tax rate,the tax rate is statutorily set as the lower of the no-new-revenue tax rate for the current tax year or the tax rate adopted by the city for the preceding tax year. As described below,the Property Tax Code provides that if a city adopts a tax rate that exceeds its voter-approval tax rate or,in certain cases,its de minimis rate,an election must be held to determine whether or not to reduce the adopted tax rate to the voter- approval tax rate. A city may not adopt a tax rate that exceeds the lower of the voter-approval tax rate or the no-new-revenue tax rate until each appraisal district in which such city participates has delivered notice to each taxpayer of the estimated total amount of property taxes owed and the city has held a public hearing on the proposed tax increase. For cities with a population of 30,000 or more as of the most recent federal decennial census,if the adopted tax rate for any tax year exceeds the voter-approval tax rate,that city must conduct an election on the next occurring November uniform election date to determine whether or not to reduce the adopted tax rate to the voter-approval tax rate. For cities with a population less than 30,000 as of the most recent federal decennial census, if the adopted tax rate for any tax year exceeds the greater of(i)the voter-approval tax rate or(ii)the de minimis rate,the city must conduct an election on the next occurring November uniform election date to determine whether or not to reduce the adopted tax rate to the voter-approval tax rate. However,for any tax year during which a city has a population of less than 30,000 as of the most recent federal decennial census and does not qualify as a special taxing unit, if a city's adopted tax rate is equal to or less than the de minimis rate but greater than both(a)the no-new-revenue tax rate,multiplied by 1.08,plus the debt service tax rate or(b)the city's voter-approval tax rate,then a valid petition signed by at least three percent of the registered voters in the city would require that an election be held to determine whether or not to reduce the adopted tax rate to the voter-approval tax rate. Any city located at least partly within an area declared a disaster area by the Governor of the State or the President of the United States during the current year may calculate its voter-approval tax rate using a 1.08 multiplier,instead of 1.035,until the earlier of(i)the second tax year in which such city's total taxable appraised value exceeds the taxable appraised value on January 1 of the year the disaster occurred,or(ii)the third tax year after the tax year in which the disaster occurred. State law provides cities and counties in the State the option of assessing a maximum one-half percent(1/2%)sales and use tax on retail sales of taxable items for the purpose of reducing its ad valorem taxes,if approved by a majority of the voters in a local option election. If the additional sales and use tax for ad valorem tax reduction is approved and levied,the no-new-revenue tax rate and voter-approval tax rate must be reduced by the amount of the estimated sales tax revenues to be generated in the current tax year. The calculations of the no-new-revenue tax rate and voter-approval tax rate do not limit or impact the City's ability to set a debt service tax rate in each year sufficient to pay debt service on all of the City's tax-supported debt obligations, including the Bonds. Reference is made to the Property Tax Code for definitive requirements for the levy and collection of ad valorem taxes and the calculation of the various defined tax rates. CITY APPLICATION OF TAx CODE. . .The City grants an exemption to the market value of the residence homestead of persons 65 years of age or older of$30,000,and the disabled are also granted an exemption of$30,000. The City has not granted an additional exemption of 20%of the market value of residence homesteads;minimum exemption of $5,000. See Table I for a listing of the amounts of the exemptions described above. The City has adopted the tax freeze for citizens who are disabled or are 65 years of age or older. The act of the City Council to provide a tax freeze on homesteads of persons 65 and older or disabled occurred in May 2004. As a result of the adoption of the freeze,total City taxes on the residence homestead of a disabled person or persons 65 years of age or older residing in the City will be frozen at the level of taxes billed for the 2004-05 fiscal year,or to the amount of taxes imposed in the year such residence qualified for such exemption. In order to qualify for the exemption,a taxpayer must make application to the Appraisal District. The City has not made a comprehensive study regarding the impact that the freeze will have on the taxable assessed value of the City in future years. However,based upon data obtained from the Appraisal District as to the number of properties in the City that currently qualify for the City's over 65 and disabled local option homestead exemption,the City does not believe that the tax freeze will be significant,at least in the short-term,but as the population of the City ages,the freeze could have a greater impact on the City's ad valorem tax revenues. 16 Ad valorem taxes are not levied by the City against the exempt value of residence homesteads for the payment of debt. The City does not tax nonbusiness personal property;and Collin County Tax Office collects taxes for the City. The City does not permit split payments of taxes, and discounts for the early payment of taxes are not allowed, although such provisions are authorized on a local option basis by the Property Tax Code. The City exempts freeport property from taxation. The City does tax goods-in-transit. The City does not collect the additional one-half cent sales tax for reduction of ad valorem taxes. The City does not participate in any tax increment reinvestment zones. TAx ABATEMENT POLICY. . . The City considers economic development incentives on a case-by-case basis, including criteria pertaining to job creation and property value enhancement. Consideration is also given to a project's impact on future development and location in an area that might not otherwise be developed. Under State law, projects are eligible for a tax abatement of up to 100%for a period of up to 10 years. The value of the property subject to abatement is set forth in Table 1 - Valuation,Exemptions and General Obligation Debt. [THE REMAINDER OF THIS PAGE LEFT BLANK INTENTIONALLY] 17 TABLE 1-VALUATION,EXEMPTIONS AND GENERAL OBLIGATION DEBT 2021/22 Market Valuation Established by the Appraisal District $5,990,000,694 Less Exemptions/Reductions at 100%Market Value: Residence Homestead Exemption Over 65 61,158,122 Disabled Persons/Veterans Exemptions 60,474,969 Agricultural Land Use Reductions 46,896,970 Homestead Cap Loss 25,592,507 Prorated Exemptions 776,910 Pollution 3,141,225 Tax Freeze 494,920,787 693,170,585 2021/22 Taxable Assessed Valuation $5,296,830,109 City Funded Debt Payable from Ad Valorem Taxes(as of 12/1/21) General Obligation Debt $ 66,820,000 {1) Public Property Finance Contractual Obligation Debt 75,000 ti> The Bonds 12,125,000(2) Funded Debt Payable from Ad Valorem Taxes as of 12/1/2021 79,020,000 Less Self-Supporting Debt:(3) Park and Recreational Facilities Development Corporation General Obligation Debt $ 1,460,000 Waterworks and Sewer System General Obligation Debt 9,440,000 General Purpose Funded Debt Payable from Ad Valorem Taxes $ 68,120,000 Interest and Sinking Fund as of 12/1/21 $ 9,753,785 Ratio Total Funded Debt to Taxable Assessed Valuation „„...., ..., „.<„„.....:...... .. 1.49% Ratio Net Funded Debt to Taxable Assessed Valuation.; ,,a,, „..,,, „,,..,,.,,„.,,,„,,„ 1.29% 2022 Estimated Population - 60,561 Per Capita Taxable Assessed Valuation - $87,463 Per Capita Total Funded Debt-$1,305 Per Capita Net Funded Debt-$1,125 (1) Excludes a portion of the Refimded Obligations.Preliminary,subject to change. (2) Preliminary,subject to change. (3) General obligation debt in the amounts shown for which repayment is provided from water and sewer system revenues and 4B local sales and use tax revenues. The amount of self-supporting debt is based on the percentages of revenue support as shown in Table 10. It is the City's current policy to provide these payments from such revenues; however, this policy is subject to change in the future. In the event the City chooses to discontinue such transfers or such revenues are not otherwise available to pay debt service on such general obligation debt, the City will be required to levy ad valorem taxes or to appropriate other lawfully available flinds, including financial reserves, if any, of the City in amounts sufficient to pay the debt service on such general obligation debt.See"Table 10—Computation of Self-Supporting Debt." 18 TABLE 2-TAXABLE ASSESSED VALUATIONS BY CATEGORY Taxable ApLTLaiscd Value for Fiscal Year Ended September 30, 2022 2021 2020 %of %of %of Category Amount Total Amount Total Amount - Total Real,Residential,Single-Family $4,536,513,788 75.73% $4,106,007,528 74.00% $3,934,408,307 74.20% Real,Residential,Multi-Family 270,025,943 4.51% 257,435,340 4.64% 214,960,894 4.05% Real,Vacant Lots Tracts 74,251,814 1.24% 51,186,303 0.92% 55,631,839 1.05% Real,Acreage(Land Only) 47,356,646 0.79% 58,120,621 1.05% 50,529,368 0.95% Real,Farm and Ranch Improvements 12,272,398 0.20% 36,997,931 0k7% 48,341,586 0.91% Real,Commercial and Industrial 627,847,339 10.48% 608,017,346 10.96% 573,253,600 10.81% Real,Inventory 70,768,524 1.18% 77,068,052 1.39% 79,636,754 1.50% Real and Intangible Personal,Utilities 71,161,841 1.19% 66,005,594 1.19% 63,201,488 1.19% Tangible Personal,Business 246,435,478 4.11% 260,191,655 4.69% 253,787,961 4.79% Tangible Personal,Other 32,227,445 0.54% 26,054,606 0.47% 26,756,476 0.50% Special Inventory 1,139,478 0.02% 1,806,731 0.03% 1,758,580 0.03% Total Appraised Value Before Exemptions $5,990,000,694 100.00% $5,548,891,707 100.00% $5,302,266,853 100.00% Adjustments Less: Total Exemption/Reductions _(693J70,585) (625,244,739) (596,271,476) Taxable Assessed Value $5,296,830,109 $4,923,646,968 $4,705,995,377 Taxable Appraised Value for Fiscal Year Ended September,30, 2019 2018 %of %of Categoa ..... Amount Total Amount Total - Real,Residential,Single-Family $3,592,266,201 73.91% $3,167,684,302 73.14% Real,Residential,Multi-Family 196,407,072 4.04% 159,024,214 3.67% Real,Vacant Lots Tracts 46,253,094 0.95% 48,314,153 1.12% Real,Acreage(Land Only) 56,859,399 1.17% 63,869,764 1.47% Real,Farm and Ranch Improvements 27,313,555 0.56% 26,574,401 0.61% Real,Commercial and Industrial 535,973,475 11.03% 486,179,879 11,23% Real,Inventory 83,451,181 1.72% 77,306,609 1,79% Real and Tangible Personal,Utilities 60,426,465 1.24% 57,899,188 1.34% Tangible Personal,Business 239,992,890 4.94% 222,038,673 5.13% Tangible Personal,Other 20,040,758 0.41% 20,469,346 0.47% Special Inventory 1,423,468 0.03% 1,460,575 0.03% Total Appraised Value Before Exemptions $4,860,407,558 100.00% $4,330,821,104 100,00% Adjustments (4,673,425) (10,740,938) Less: Total Exemption/Reductions _(5116230,144) (543,267.052.) Taxable Assessed Value $4,259,503,789 $3,776,813,114 NOTE: Valuations shown are certified taxable assessed values reported by the Appraisal District to the State Comptroller of Public Accounts. Certified values are subject to change throughout the year as contested values are resolved and the Appraisal Districts updates records. 19 TABLE 3-VALUATION AND TAx SUPPORTED DEBT HISTORY G.O. Ratio of G.O. Fiscal Taxable Tax Debt G.O.Tax Debt Tax Year Taxable Assessed Outstanding to Taxable Debt Ended Estimated Assessed Valuation at End Assessed Per 9/30 Population Valuation 1'e€Cap(ta of Year Valuation Ca ita 2018 52,003 c')$3,776,813,114 $ 72,627 $ 89,910,000 2.38% $ 1,729 2019 53,653 {'> 4,259,503,789 79,390 83,575,000 1.96% 1,558 2020 55,156 {') 4,705,995,377 85,322 76,870,000 1.63% 1,394 2021 58,797 c2) 4,923,646,968 83,740 74,420,000 1.51% 1,266 2022 60,561 (3) 5,296,830,109 87,463 71,580,000(4) 1.35% 1,182 (1) Population estimates from the North Texas Council of Governments,as modified by City staff. (2) Population estimate based on 2020 Census,as modified by City Staff. (3) Source:City Staff. (4) Projected;excludes the Relunded Obligations and includes the Bonds.Preliminary,subject to change. TABLE 4-TAX RATE,LEVY,AND COLLECTION HISTORY Fiscal Year Distribution Ended Tax General Interest and %Current %Total 9/30 Rate Fund Sinking Fund Tax Levy Collections Collections 2018 $0.78100 $0.58031 $ 0.20069 $ 31,349,629 99.31% 100.00% 2019 0.72585 0.53821 0.18764 32,977,950 99.36% 100.00% 2020 0.68845 0.51623 0.17223 34,488,548 99.12% 99.14% 2021 0.67198 0.51218 0.15980 35,349,912 99.70% 100.00% 2022 0.64375 0.49186 0.15189 36,838,809 N/A NIA TABLE 5-TEN LARGEST TAXPAYERS 2021/22 %of Total Taxable Taxable Assessed Assessed Name of Taxpayer Nature of Property Valuation Valuation Sanden International(USA)Inc. Manufacturing $ 53,170,313 1.00% Western Rim Investors 2014-3 LP Real Estate/Apartments 43,511,492 0.82% LPRE Wylie LLC Real Estate 40,595,768 0.77% Woodbridge Wylie Owner LLC Retail 40,203,041 0.76% Creekside South Gardens LP Real Estate/Apartments 36,500,000 0.69°% Seventy8&Westgate LP Real Estate/Apartments 34,917,347 0.66% Wylie Apartments LP Real Estate/Apartments 29,694,355 0.56% Oncor Electric Delivery Company Electric Utility 27,981,450 0.53% Tower Extrusion LTD Manufacturing 23,227,872 0.44% Holland Hitch of TX Inc. Manufacturing 21,038,368 0.40% $297,669,693 5.62% 20 GENERAL OBLIGATION DEBT LIMITATION...No general obligation debt limitation is imposed on the City under current State law or the City's Horne Rule Charter(see"THE BONDS—Tax Rate Limitation"). TABLE 6-TAx ADEQUACY(') 2022 Principal and Interest Requirements $ 8,864,425 $0.1708 Tax Rate at 98%Collection Produces $ 8,866,046 Average Annual Principal and Interest Requirements,2022-2042 $ 3,927,554 $0.0757 Tax Rate at 98%Collection Produces $ 3,929,506 Maximum Principal and Interest Requirements,2028 $ 9,583,337 $0.1847 Tax Rate at 98%Collection Produces $ 9,587,580 (1) Excludes the Refirrided Obligations and includes the Bonds, less self-supporting debt(See "Table 10—Computation of Self- Supporting Debt"). TABLE 7-ESTIMATED OVERLAPPING DEBT Expenditures of the various taxing entities within the territory of the City are paid out of ad valorem taxes levied by such entities on properties within the City. Such entities are independent of the City and may incur borrowings to finance their expenditures. This statement of direct and estimated overlapping ad valorem tax bonds ("Tax Debt") was developed from information contained in"Texas Municipal Reports"published by the Municipal Advisory Council of Texas. Except for the amounts relating to the City,the City has not independently verified the accuracy or completeness of such information,and no person should rely upon such information as being accurate or complete. Furthermore,certain of the entities listed may have issued additional Tax Debt since the date hereof,and such entities may have programs requiring the issuance of substantial amounts of additional Tax Debt,the amount of which cannot be determined. The following table reflects the estimated share of overlapping Tax Debt of the City. 2021/22 City's Authorized Taxable 2021/22 Total Estimated Overlapping But Unissued Assessed Tax Tax % Tax Debt Debt As of Taxing Jurisdiction Value Rate Debt Applicable 12/1/2021 12/1/2021 City of Wylie $ 5,296,830,109 $0.64375 S 68,120,000 100.00% $ 68,120,000 $ 44,600,000 Collin County 167,755,086,085 0.31810 526,975,000 3.08°% 16,230,830 463,045,000 Collin County Community College District 171,005,986,460 0,08120 514,470,000 3.08% 15,845,676 - Community Independent School District 1,385,474,341 1.46030 118,470,000 0,22% 260,634 Dallas County 263,171,536,372 0.22796 116,665,000 0.03% 35,000 Dallas County Community College District 299,480,856,454 0.12400 166,750,000 0.03% 50,025 1,102,000,000 Dallas County Hospital District 292,697,934,340 0.25500 575,530,000 0.03% 172,659 Dallas County Schools 261,927,801,917 0.01000 16,679,652 0.03% 5,004 Farmersville Independent School District 800,843,394 1.35300 62,280,000 0.07% 43,596 Garland Independent School District 23,585,754,912 1.25630 464,615,000 031% 1,440,307 - Lovejoy Independent School District 3,104,410,755 1.50500 153,120,000 001% 15,312 9,500,000 Plano Independent School District 53,614,827,989 1.32100 625,625,000 0.08% 500,500 49,875,000 Princeton Independent School District 2,069,294,489 1.46000 289,772,209 1.10% 3,187,494 137,000,000 Rockwall County 14,857,913,427 0.31300 137,950,000 0.62% 855,290 162,195,000.00 Wylie Independent School District 7,384,139,885 1.46000 435,045,599 65.74% 285,998,977 Total Direct and Overlapping Tax Debt $ 392,761,303 Ratio of Direct and Overlapping Tax Debt to Taxable Assessed Valuation.. 7.42% Per Capita Direct and Overlapping Tax Debt.......................—........ ..... ......... $ 6,485 (1) As of December 1,2021,excludes the Refunded Obligations and includes the Bonds,less self-supporting debt. 21 TABLE 8-GENERAL OBLIGATION DEBT SERVICE REQUIREMENTS Less: Less: Fiscal Water and 413 Tax Total Debt Year Total Sewer Self- Self- Less Self- %of Ended Outstanding Debt The Bonds(2) Outstanding Supporting Supporting Supporting Principal 9l30 Principal Interest Total Principal Interest Total Debt Requirements(3) Requirements(3) Requirements Retired 2022 $ 7,440,000 $ 2,906,032 $ 10,346,032 $ - $ - $ - $ 10,346,032 $ 1,097,982 $ 383,625 $ 8,864,425 2023 7,800,000 2,358,406 10,158,406 135,000 585,238 720,238 10,878,644 1,067,694 388,050 9,422,900 2024 8,160,000 1,991,031 10,151,031 200,000 415,800 615,800 10,766,831 1,063,044 387,100 9,316,687 2025 8,550,000 1,609,781 10,159,781 215,000 409,575 624,575 10,784,356 1,061,869 390,775 9,331,712 2026 7,965,000 1,225,481 9,190,481 815,000 394,125 1,209,125 10,399,606 1,054,169 - 9,345,437 59.67% 2027 8,350,000 834,206 9,184,206 845,000 369,225 1,214,225 10,398,431 1,049,944 - 9,348,487 2028 5,420,000 507,206 5,927,206 3,910,000 278,350 4,188,350 10,115,556 532,219 - 9,583,337 2029 1,080,000 361,056 1,441,056 2,000,000 160,150 2,160,150 3,601,206 531,519 - 3,069,687 2030 1,125,000 323,431 1,448,431 285,000 115,875 400,875 1,849,306 537,219 1,312,087 2031 1,165,000 287,781 1,452,781 300,000 107,100 407,100 1,859,881 539,394 1,320,487 85.29% 2032 1,210,000 253,675 1,463,675 310,000 97,950 407,950 1,871,625 540,838 - 1,330,787 2033 1,250,000 219,828 1,469,828 270,000 89,250 359,250 1,829,078 546,463 - 1,282,616 N 2034 1,300,000 184,069 1,484,069 280,000 81,000 361,000 1,845,069 551,156 - 1,293,912 2035 1,345,000 146,294 1,491,294 285,000 72,525 357,525 1,848,819 554,906 1,293,912 O 2036 1,390,000 106,466 1,496,466 295,000 63,825 358,825 1,855,291 557,675 - 1,297,616 95.00% 2037 1,440,000 64,281 1,504,281 305,000 54,825 359,825 1,864,106 564,366 1,299,741 2038 915,000 30,009 945,009 315,000 45,525 360,525 1,305,534 1,305,534 2039 325,000 14,481 339,481 325,000 35,925 360,925 700,406 - - 700,406 2040 330,000 8,750 338,750 335,000 26,025 361,025 699,775 - - 699,775 99.50% 2041 335,000 2,931 337,931 345,000 15,825 360,825 698,756 - 698,756 2042 - - 355,000 5,325 360,325 360,325 - - 360,325 100.00% $66,8 5,000 $,13,435,1r98 $ 80,330.198 $ 12,125,000 $ 3,423,438 ,$15,548,438 $ 95,878,635 $ 11,850,454 $ 1,549,550 $ 82,478,631 (1) "Outstanding Debt"does not include lease/purchase obligations or the Refunded Obligations.Includes self-supporting debt. (2) ,average life of the issue-8,403 years, Interest on the Bonds has been calculated at the average rate 6f 2.27%for purposes of illustration.Preliminary,subject to change. (3) General obligation debt in the amounts shown for which;repayment is provided from water and sewer system revenues and 413 sales tax revenues. The amount of self-supporting debt is based on the percentages of revenue support as shown in Table 10. It is the City's current policy to provide these payments from such revenues;however,this policy is subject to change III the future. In the event the City chooses to discontinue such transfers or such revenues are not otherwise available to pay debt service on such general obligation debt,the City will be required to levy ad valorem taxes or to appropriate other lawfully available fiznds,including financial reserves, if any,of the City in amounts sufficient to pay the debt service on such general obligation debt. See"Table 10-Computation of Self-Supporting Debt." TABLE 9-INTEREST AND SINKING FUND BUDGET PROJECTION 0) Budgeted Tax Supported Debt Service Requirements,Fiscal Year Ending 9-30-22 .... . ........... $8,994,212 Budgeted Interest and Sinking Fund Balance,9-30-21 ..... .......... ...... $1,070,850 Budgeted Interest and Sinking Fund Tax Levy........ 8,696,273 Interest Income.............................. ....... ....... 3,800 Budgeted Transfers........................... 9,7 ....... 70,923 Estimated Balance,9-30-22...................... $ 776,7 11 (1) Source: City's 2021-2022 Budget. Includes fiscal agent charges. TABLE 10-COMPUTATION OF SELF-SUPPORTING DEBT Water and Se8ver System Revenue Supported Debt Revenue from Waterworks and Sewer System,Fiscal Year Ended 9-30-21 ...... 8,501,727 Less: Revenue Bond Requirements,2021 Fiscal Year..................... ... ._....... Balance Available for Other Purposes.................................. ..... 8,501,727 System General Obligation Bond Requirements,2022 Fiscal Year............ .. ... ........ 1,097,982 Balance..... .................................................... . $ 7,403,745 Percentage of System General Obligation Bonds Self Supporting 100.00% 4B Sales Tax Supported Debt Gross 4B Sales Tax Revenue,Fiscal Year Ended 9-30-21 (')................. $ 3,875,471 Less: 4B Sales Tax Revenue Bond Debt Requirements,2021 Fiscal Year...... Balance Available for Other Purposes.................................. ... $ 3,875,471 Less: Debt Requirements payable from 4B Sales Tax Revenue,2022 Fiscal Year.... 383,625 Balance............................................................ $ 3,491,846 Percentage of Debt Service Self-Supporting from 4B Sales Tax Revenue....... . ....... 100.00% (1) The City considers the general obligation debt identified in Table 10 to be self-supporting from the City's water and sewer system(the "System") and from the 4B local sales and use tax as indicated; however, neither the System revenues nor the 4B local sales and use tax revenues are pledged to the City's general obligation debt. It is the City's current policy to provide these payments from System revenues and 4B local sales and use tax revenues,respectively,but this policy is discretionary and may be discontinued by the City,in whole or in part,at any time. In the event the City chooses to discontinue such transfer of System revenues and/or 4B local sales and use tax revenues or such revenues are not otherwise available to pay debt service on such general obligation debt, the City will be required to levy ad valorem taxes or to appropriate other lawfully available funds, including financial reserves,if any,of the City in amounts sufficient to pay the debt service on such general obligation debt. (2) Sales tax revenue can be volatile and is generally not subject to the control of the City;while sales tax revenues have grown significantly in the City in recent years(see "Table 14-Municipal Sales Tax History")no assurance can be given that the 4B local sales and use tax revenue that is anticipated to be used to pay debt service will be sufficient in any future year for that purpose. The 4B Sales Tax is levied pursuant to the authority of Article 5190.6,Vernon's Texas Civil Statutes,Section 4B which has been codified as Chapter 504,Texas Local Government Code,as amended. TABLE 11-AUTHORIZED BUT UNISSUED GENERAL OBLIGATION BONDS Amount Amount Date Amount Heretofore Being Unissued Purpose Authorized —Authorized issued Issued Balance McMillan Drive,Park Blvd&Ballard/Sachse Road Improvements 11/2/2021 $35,100,000 $ $ 2,500,000 $ 32,600,000 General Street and Alley Improvements 11/2/2021 10,000,000 2,000,000 8,000,000 Downtown Historic Street Improvements 11/2/2021 5,000,000 1, 00,000 4,000,000 $50,100,000 $ 5,500,000 $ 44,600,000 ANTICIPATED ISSUANCE OF GENERAL OBLIGATION DEBT The City does not anticipate issuing additional general obligation debt within the next 6 months. 23 TABLE 12-OTHER OBLIGATIONS The City entered into a capital lease agreement to finance the acquisition of equipment with historical cost of$1,130,553. The Equipment has been capitalized and reported as capital assets of the governmental activities. Fiscal Year Ending September 30, .,Principal Interest Total 2024 237,027 " 19,481 255,508 $ 237,027 $ 18,481 $7255,508 PENSION FUND . . . The City participates as one of 866 plans in the nontraditional,joint contributory,hybrid defined benefit pension plan administered by the Texas Municipal Retirement System(TivIRS).TMRS is an agency created by the State of Texas and administered in accordance vtith the TMRS Act,Subtitle 0,Title 8,Texas Government Code(the TMRS Act)as an agent multiple-employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six-member Board of Trustees.Although the Governor,with the advice and consent of the Senate,appoints the Board,TMRS is not fiscally dependent on the State of Texas. All eligible employees of the City are required to participate in TMRS. TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the employee's contributions, with interest, and the city-financed monetary credits with interest were used to purchase an annuity,Members may choose to receive their retirement benefit in one of seven payments options.Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12,24,or 36 monthly payments,which cannot exceed 75%of the member's deposits and interest. At the date the plan began,the City granted monetary credits for service rendered before the plan began of a theoretical amount at least equal to two times what would have been contributed by the employee, with interest, prior to establishment of the plait. Monetary credits for service since the plan began are a percent (100%, 1501/1c, or 200/6) of the employee's accuroulated contributions. In addition, the City can grant, as often as annually, another type of monetary credit referred to as an updated service credit which is a theoretical amount which, when added to the employee's accumulated contributions and the monetary credits for service since the plan began, would be the total monetary credits and employee contributions accumulated with interest if the current employee contribution rate and city matching percent had always been in existence arid if the employees salary had always been the average of his salary in the last three years that are one year before the effective date.At retirement, the benefit is calculated as if the sum of the employee's accumulated contributions with interest and the employer-financed monetary credits with interest were used to purchase an annuity. Members can retire at ages 60 and above with 5 or more years of service or with 20 years of service.A member is vested after 5 years. The plan provisions are adopted by the governing body of the City, within the options available in the st te>statutes governing TMRS and within the actuarial constraints also in the statutes. At the December 31,2020 valuation and measurement date,the following employees were covered by the benefit terms: Inactive Employees or Beneficiaries Currently Receving Benefits 117 Inactive Employees Entitled to But Not Yet Receving Benefits 195 Active Employees 343 655 Contribution. . . The contribution rates for employees in TAMS are either 5%, 61/o,or 7%of employee gross earnings, and the city matching percentages are either 100%, 150%,or 200%,both as adopted by the governing body of the city.Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method.The actuarially determined rate is the estimated amount necessary to finance the cost of benefits earned by employees during the year,with an additional amount to finance any unfunded accrued liability. Employees for the City were required to contribute 7.0%of their annual gross earnings during the fiscal year. The contribution rates for the City were 15.08%and 15.50%in calendar years 2020 and 2021,respectively.The City's contributions to TMRS for the year ended September 30, 2021 (including $37,687 of contributions by WEDC) were $3,596,280 and were equal to the required contributions. Net Pension Liability...The City's Net Pension Liability(NPL)was measured as of December 31,2020 and the Total Pension Liability(TPL)used to calculate the NPL was determined by an actuarial valuation as of that date. 24 Actuarial AEsump-tio-ns. The Total Pension Liability in the December 31, 2020 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.5%per year Overall payroll growth 3.50%to 11.50%including inflation Investment Rate of Return 6.75%,net of pension plan investment expense,including inflation Actuarial cost method Entry Age Normal Amortization method Level percentage of payroll;closed Salary increases were based on a service-related table. Mortality rates for post-retirement were based on the 2019 Municipal Retirees of Texas Mortality Tables.The rates are projected on a fully generational basis with scale UMP.Mortality rates for pre- retirement were based on P (10)mortality tables,with the Public Safety table used for males and the General Employee table used for females.The rates are projected on a fully generational basis with scale UMP. Actuarial assumptions used in the December 31,2020 valuation were developed primarily from the actuarial investigation of the experience of TMRS over the four-year period from December 31,2014 to December 31,2018.They were first adopted in 2019 and first used in the December 31,2019 actuarial valuation. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best estimate ranges of expected future real rates of re (expected returns,net of pension plan investment expense and inflation)are developed for each major asset class.These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation.In determining their best estimate of a recommended investment return assumption under the various alternative asset allocation portfolios,GRS focused on the area between(1)arithmetic mean(aggressive)without an adjustment for time(conservative)and(2)the geometric mean(conservative)with an adjustment for time(aggressive). The target allocation and best estimates of arithmetic real rates of return for each major asset class in fiscal year 2021 are summarized in the following table: Long-Term ' Expected Real Target Rate of Return Asset Class Allocation (Arithmetic) Global Equity 30.0% 5.30% Core Fixed Income 10.0% 1.25% None-Core Fixed Income 20.0% 4.14% Real Return 10.0°% 3.85% Real Estate 10.0% 4.00% Absolute Return 10.0% 3.48% Private Equity 10.0% 7.75% Total 100.0% Discount Rate...The discount rate used to measure the Total Pension Liability was 6.75°%.The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rates specified in statute. Based on that assumption,the pension plan's Fiduciary Net Position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the Total Pension Liability. Allocations... The City's net pension liability,pension expense,and deferred outflows of resources related to TMRS have been allocated between governmental activities, business-type activities, and the discretely presented component unit using a contribution-based method. 25 Increase(Decrease) Plan Net Total Fiduciary Pension Pension Liability Net Position Liability (b) b jL) ( Balance at 12/31/2019 $ 85,084,687 $ 70,775,081 $14,309,606 Changes for the year: Service cost 4,164,056 - $ 4,164,056 Interest 5,818,955 5,818,955 Change of benefit terms - Difference between expected and actual experience (321,331) (321,331) Changes of assumptions - - Contributions-employer - 3,479,670 (3,479,670) Contributions-employee - 1,627,099 (1,627,099) Net investment income - 5,384,137 (5,384,137) Benefit payments,including reftmds of employee contributions (1,919,943) (1,919,943) Administrative expense (34,763) 34,763 Other changes (1,356) 1,356 Net changes 7,-741,737 —8,534,844 L793,107� Balance at 12/31/2020 $ 92,826,424 $ 79,309,925 $13,516,499 The following presents the net pension liability of the City,calculated using the discount rate of 6.75%,as well as what the City's net pension liability would be if it were calculated using a discount rate that is I percentage-point lower(5.75%)or I percentage- point higher(7.75%)than the current rate: I%Decrease Discount 1%Increase in Discount Rate in Discount Rate(5.75%) (6.75%) Rate(7.75%) City $28,915,747 $13,330,510 $ 767,996 WEDC 403,436 185,989 10,715 Total $29,319,183 $13,516,499 $ 778,711 For the year ended September 30, 2021,the City recognized pension expense of$3,917,446 (including$65,177 recognized by WEDC). OTHER POST-EMPLOYMENT BENEFITS...Texas Municipal Retirement System("TMRS")administers a defirred benefit group- term life insurance plan known as the Supplemental Death Benefits Fund ("SDBF"). This is a voluntary program in which participating member cities may elect by ordinance, to provide group-term life insurance coverage for their active members, including or not including retirees. Employers may terminate coverage under and discontinue participation in the SDBF by adopting an ordinance before November I of any year to be effective the following January 1.The City has elected to participate in the SDBF for its active members including retirees. As the SDBF covers both active and retiree participants, with no segregation of assets,the SDBF is considered to be an unfunded single-employer OPEB plan(i.e.no assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No.75)for City reporting. FINANCIAL OBLIGATION To NORTH TEXAS MuNiciPAL WATER DISTRICT . . . The City has entered into a contract with the North Texas Municipal Water District("NTMWD")to provide for the construction,operation and maintenance of the NTMWD's Regional Muddy Creek Wastewater System ("System") for the purpose of providing facilities to receive, transport, treat, and dispose of wastewater. The City remains obligated to pay it's pro rata portion of the costs of constructing and operating the System, including repayment of bonds issued by NTMVTD for the System, which is calculated each year based on the City's actual flow into the System. The City's obligations are an annual payment that is factored into the City budget each fiscal year. For more information regarding the System and the City's long-term financial obligations related to the System, please see APPENDIX B—Excerpts from the City's Comprehensive Annual Financial Report. 26 FINANCIAL INFORMATION TABLE 13—CHANGES IN NET ASSETS Fiscal Year Ended September 30, Revenues: 2021 2020 2019 2018 2017 Program Revenues Charges for Services $ 8,125,454 $ 7,736,212 $ 6,906,667 $ 6,713,594 $ 6,542,140 Operating Grants and Contributions 730,139 388,250 505,924 346,444 364,935 Capital Grants and Contributions 10,810,966 11,902,495 7,217,417 11,809,600 15,186,815 General Revenues Ad Valorem Taxes 35,629,027 34,300,635 33,275,978 31,459,533 30,065,957 Sales Taxes 11,832,404 10,037,707 8,967,508 7,859,294 7,993,453 Other Taxes and Fees 2,675,866 2,734,736 2,883,573 2,749,138 2,726,088 Interest 31,845 188,991 495,039 312,765 145,377 Gain(Loss)Disposal of Capital Assets 1,109 77,901 - 22,460 - Miscellaneous 276,181 914,338 559,846 356,159 223,012 Total Revenues $ 70,112,991 $ 68,281,265 $ 60,811,952 $ 61,628,987 $ 63,247,777 Expenses: General Government $ 12,690,079 $ 12,134,312 $ 11,634,904 $ 10,540,621 $ 9,460,047 Public Safety 23,478,532 23,057,208 22,175,998 20,843,027 17,893,012 Urban Development 1,121,650 1,108,956 1,346,364 1,354,808 1,179,962 Streets 9,133,138 9,259,873 8,912,861 8,832,924 8,044,783 Community Service 9,309,304 9,860,490 9,530,076 9,561,750 7,709,291 Interest on Long-term Debt 2,235,277 2,448,009 2,688,231 2,659,653 2,752,525 Total Expenses $ 57,967,980 $ 57,868,848 $ 56,288,434 $ 53,792,783 $ 47,039,620 Increase in Net Assets Before Transfers $ 12,145,011 $ 10,412,417 $ 4,523,518 $ 7,836,204 $ 16,208,157 Transfers 2,416,161 2,405,244 2,273,616 2,166,807 2,112,861 Increase in Net Assets $ 14,561,172 $ 12,817,661 6,797,134 $ 10,003,011 18,321,018 Net Assets-October 1 185,115,472 172,297,811 165,500,677 155,815,172 137,494,154 Change in Accounting Principle -- - - K317,506), Net Assets-September 30 $199,676,644 $185,115,472 $172,297,811 $155,815,172 27 TABLE 13A-GENERAL FUND VENUES AND EXPENDITURES HISTORY Fiscal Year Ended September 30, Revenues 2021 2020 2019 2018 2017 Taxes $37,638,093 $35,288,325 $33,337,623 $31,309,638 30,037,890 Licenses and Permits 1,278,509 1,025,896 1,047,914 1,128,764 1,130,011 Intergovernmental 4,971,524 1,769,063 1,400,092 1,301,157 861,326 Charges for Services 4,224,910 4,044,908 3,856,617 3,585,147 3,647,677 Fines and Forfeitures 290,479 221,861 302,933 466,087 557,320 Interest 18,218 77,011 213,599 145,173 81,243 Miscellaneous 278,442 173,347 240,830 404,224 289,487 Total Revenues $48,700,175 $42,600,411 $40,399,608 $38,340,190 136,604,954 l alaend�turt General Government $11,253,180 $10,701,921 $10,236,046 $10,041,180 $10,677,430 Public Safety 22,577,916 20,998,867 20,006,028 19,404,348 18,089,087 Public Works 2,926,280 3,130,606 3,148,092 3,165,925 3,070,133 Urban Development 1,085,839 1,045,043 1,266,940 1,309,980 1,270,481 Community Services 4,563,265 4,477,088 4,511,444 4,508,587 4,255,423 Total Expenditures $42,406,480 $40353,525 $39,168,550 $38,430,020 $37,362,554 Excess(Deficiency)of Revenues Over Expenditures $ 6,293,695 $ 2,246,886 $ 1,231,058 $ (89,830) $ (757,600) Other 1°inaric�r� Soasrces tUs �1 Budgeted Transfers In(Out) $ 2,238,386 $ (632,213) $ 282,578 $ (1,610,596) $ 1,203,861 Proceeds from Sale of Property 93,287 81,713 - Sale of Fixed Assets 52,248 86,034 Insurance Recovery 15,443 474,842 387,888 8,458 926,376 Proceeds from Capital Leases - 384,243-- - -- - 1,130,553 Total Other Financing Sources(Uses) $ 2,347,116 $ 308,585 $ 670,466 $(1,549,890) 3,346,824 Net Change in Fund Balances $ 8,640,811 $ 2,555,471 $ 1,901,524 $(1,639,720) $ 2,589,224 Beginning Fund Balance 22,597,954 20,042,483 18,140,959 19,780,679 17,191,455 Ending Fund Balance $31,238,765 $22,597,954 $20,042,483 $18,140,959 $19,780,679 28 TABLE 14-MUNICIPAL SALES TAx HISTORY The City has adopted the Municipal Sales and Use Tax Act,V.T.C.A.,Tax Code,Chapter 321,which grants the City the power to impose and levy a 1%Local Sales and Use Tax within the City; the proceeds are credited to the City's General Fund and are not pledged to the payment of the Bonds. Collections and enforcements are effected through the offices of the Comptroller of Public Accounts,State of Texas,who remits the proceeds of the tax,after deduction of a 2%service fee,to the City monthly. Fiscal Year %of Equivalent of Ended Total Ad Valorem Ad Valorem Per 9/30 Collected Tax Levy Tax Rate Capita 2017 $ 5,254,752 17.52% $0.1391 $ 105 2018 5,125,518 16.35% 0.1357 99 2019 5,840,275 17.71% 0.1371 109 2020 6,566,985 19.04% 0.1395 119 2021 7,750,942 21.93% $0.1574 132 In November 1989,the voters of the City approved the imposition of an additional sales and use tax of one-half of one percent(1/2 of 1%)for economic development under Section 4A of the Economic Development Act(now codified as V.T.C.A.,Local Government Code, Title 12, Subtitle Cl, specifically Chapters 501 and 504) which is administered by the Wylie Economic Development Corporation("WEDC"). bi January 1994,the voters of the City approved the imposition of an additional sales and use tax of one- half of one percent (V� of 1%) for park and recreational facilities development which is administered under Section 4B of the Economic Development Act(now codified as V.T.C.A.,Local Government Code,Title 12,Subtitle Cl, specifically Chapters 501 and 505)by the Wylie Park and Recreational Facilities Development Corporation("WPRFDC"). Fiscal Year 4A 4B Ended Sales Tax Sales Tax 9/30 Collected Collected 2017 $2,627,376 $2,627,376 2018 2,562,759 2,562,759 2019 2,920,138 2,920,138 2020 3,283,492 3,283,492 2021 3,875,471 3,875,471 The sales tax breakdown for the City is as follows: WEDC(4A) 0.500 WPRFDC(4B) 0.500 City Sales&Use Tax 1.000 State Sales&Use Tax 6.250 Total 8.250 29 FINANCIAL POLICIES Basis of Accounting...In June 1999,the Governmental Accounting Standards Board("GASB")issued Statement No.34,"Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments" ("GASB 34").The City implemented GASB 34 beginning with its fiscal year ending September 30, 2003. The purpose of GASB 34 is to create new information and restructure much of the information that governments have presented in the past to provide a more comprehensive demonstration of their annual financial performance on a system-wide basis. Among the significant changes effected by the new accounting standard are new presentations for proprietary or business-type operations of the City, such as those reported for the City's water and waste water operations (the "Proprietary Funds"). As required by the newly adopted accounting principles,the City's annual report consists of three basic financial statements for the Proprietary Funds:the Statement of Net Assets-, the Statement of Revenues, Expenses and Changes in Net Assets; and the Statement of Cash Flows. Those statements are included in the financial statements of the City for the fiscal year ended September 30,2021 in Appendix B. In addition, a discussion of GASB 34 is set forth in the Management Discussion and Analysis and in various notes to the City's financial statements in Appendix B. Use of Certificate Proceeds, Grants,etc. ...The City's policy is to use bond proceeds,grants,revenue sharing or other non-recurring revenues for capital expenditures only. Such revenues arc never to be used to fimd normal City operations. Budgetary Procedures.. .The City Charter establishes the fiscal year as the twelve-month period beginning each October 1. The various departments submit to the City Manager a budget of estimated expenditures for the ensuing fiscal year by the first of July. The City Manager subsequently submits a budget of estimated expenditures and revenues to the City Council by August. The City Council shall hold a public hearing on the budget after giving at least 7 days notice of the hearing in the official newspaper of the City. The Council shall then make any changes in the budget as it deems advisable and shall adopt a budget prior to October 1. Departmental appropriations that have not been expended lapse at the end of the fiscal year. Therefore,funds that were budgeted and not used by the departments during the fiscal year are not available for their use unless appropriated in the ensuing fiscal year's budget. INVESTMENTS The City invests its investable fimds in investments authorized by Texas law and in accordance with investment policies approved by the City Council. Both state law and the City's investment policies are subject to change. LEGAL INVESTMENTS...Available City funds are invested as authorized by Texas law and in accordance with investment policies approved by the City Council. Both State law and the City's investment policies are subject to change. Under State law,the City is authorized to invest in(1)obligations,including letters of credit of the United States or its agencies and instrumentalities,including the Federal Home Loan Banks;(2)direct obligations of the State or its agencies and instrumentalities;(3)collateralized mortgage obligations directly issued by a federal agency or instrumentality of the United States,the underlying security for which is guaranteed by an agency or instrumentality of the United States; (4)other obligations,the principal and interest of which are unconditionally guaranteed or insured by or backed by the full faith and credit of, the State or the United States or their respective agencies and instrumentalities,including obligations that are fully guaranteed or insured by the Federal Deposit Insurance Corporation or by the explicit full faith and credit of the United States;(5)obligations of states,agencies,counties,cities,and other political subdivisions of any state rated as to investment quality by a nationally recognized investment rating firm not less than A or its equivalent;(6)bonds issued, assumed or guaranteed by the State of Israel; (7) interest-bearing banking deposits that are guaranteed or insured by the Federal Deposit Insurance Corporation or its successor or the National Credit Union Share Insurance Fund or its successor; (8) interest-bearing banking deposits other than those described by clause (7) if (A) the funds invested in the banking deposits are invested through: (i) a broker with a main office or branch office in this State that the investing entity selects from a list the governing body or designated investment committee of the entity adopts as required by Section 2256.025; or (ii) a depository institution with a main office or branch office in this State that the investing entity selects; (B)the broker or depository institution selected as described by(A)above arranges for the deposit of the finds in the banking deposits in one or more federally insured depository institutions, regardless of where located, for the investing entity's account; (C) the full amount of the principal and accrued interest of the banking deposits is insured by the United States or an instrumentality of the United States; and (D) the investing entity appoints as the entity's custodian of the banking deposits issued for the entity's account: (i)the depository institution selected as described by (A) above; (ii) an entity described by Section 2257.041(d), Texas Government Code- or(iii) a clearing broker dealer registered with the Securities and Exchange Commission and operating under Securities and Exchange Commission Rule 156-3(17 C.F.R.Section 240.156-3);(9)certificates of deposit and share certificates(i)issued by a depository institution that has its main office or a branch office in the State of Texas, and are guaranteed or insured by the Federal Deposit Insurance Corporation or its successor or the National Credit Union Insurance Fund or its successor, or are secured as to principal by obligations described in the clauses(1)through(8)or in any other manner and amount provided by law for City deposits,or(ii) where(a)the fimds are invested by the City through(1)a broker that has its main office or a branch office in the State and is selected from a list adopted by the City as required by law or(11)a depository institution that has its main office or a branch office in the State that is selected by the City;(b)the broker or the depository institution selected by the City arranges for the deposit of the funds in certificates of deposit in one or more federally insured depository institutions,wherever located,for the account of the City;(c)the full amount of the principal and accrued interest of each of the certificates of deposit is insured by the United States or an instrumentality of the United States, and (d) the City appoints the depository institution selected under (a) above, an entity as 30 described by Section 2257.041(d) of the Texas Government Code, or a clearing broker-dealer registered with the Securities and Exchange Commission and operating pursuant to Securities and Exchange Commission Rule 15c3-3(17 C.F.R.Section 240.15c3-3) as custodian for the City with respect to the certificates of deposit;(10)fully collateralized repurchase agreements that have a defined termination date,are fully secured by a combination of cash and obligations described in clause(1)which are pledged to the City, held in the City's name,and deposited at the time the investment is made with the City or with a third party selected and approved by the City and are placed through a primary government securities dealer,as defined by the Federal Reserve,or a financial institution doing business in the State;(11)securities lending programs if(i)the securities loaned under the program are 100%collateralized,a to made under the program allows for termination at any time and a loan made under the program is either secured by (a) obligations that are described in clauses(1)through(8)above,(b)irrevocable letters of credit issued by a state or national bank that is continuously rated by a nationally recognized investment rating firm at not less than A or its equivalent or(c)cash invested in obligations described in clauses (1) through (8) above, clauses (13) through (15) below, or an authorized investment pool; (ii) securities held as collateral under a loan are pledged to the City,held in the City's name and deposited at the time the investment is made with the City or a third party designated by the City; (iii)a loan made under the program is placed through either a primary government securities dealer or a financial institution doing business in the State;and(iv)the agreement to lend securities has a term of one year or less,(12)certain bankers'acceptances with the remaining term of 270 days or less,if the short-term obligations of the accepting bank or its parent are rated at least A-I or P-1 or the equivalent by at least one nationally recognized credit rating agency, (13)commercial paper with a stated maturity of 365 days or less that is rated at least A-I or P-1 or the equivalent by either(a)two nationally recognized credit rating agencies or(b)one nationally recognized credit rating agency if the paper is fully secured by an irrevocable letter of credit issued by a U.S.or state bank,(14)a no-load money market mutual fund registered with and regulated by the Securities and Exchange Commission that provides the City with a prospectus and other information required by the Securities Exchange Act of 1934 or the Investment Company Act of 1940 and complies with federal Securities and Exchange Commission Rule 2a-7,and(15)no-load mutual funds registered with the Securities and Exchange Commission that have an average weighted maturity of less than two years,and have a duration of one year or more and are invested exclusively in obligations described in this paragraph or have a duration of less than one year and the investment portfolio is limited to investment grade securities,excluding asset-backed securities. In addition, bond proceeds may be invested in guaranteed investment contracts that have a defined termination date and are secured by obligations,including letters of credit of the United States or its agencies and instrumentalities in an amount at least equal to the amount of bond proceeds invested under such contract other than the prohibited obligations described in the next succeeding paragraph. The City may invest in such obligations directly or through government investment pools that invest solely in such obligations provided that the pools are rated no lower than AAA or AAAm or an equivalent by at least one nationally recognized rating service. The City is specifically prohibited from investing in (1) obligations whose payment represents the coupon payments on the outstanding principal balance of the underlying mortgage-backed security collateral and pays no principal, (2) obligations whose payment represents the principal stream of cash flow from the underlying mortgage-backed security and bears no interest, (3) collateralized mortgage obligations that have a stated final maturity of greater than 10 years, and (4) collateralized mortgage obligations the interest rate of which is determined by an index that adjusts opposite to the changes in a market index. INVESTMENT POLICIES...Under Texas law,the City is required to invest its funds under written investment policies that primarily emphasize safety of principal and liquidity;that address investment diversification,yield,maturity,and the quality and capability of investment management;and that includes a list of authorized investments for City funds,maximum allowable stated maturity of any individual investment, the maximum average dollar-weighted maturity allowed for pooled fund groups, methods to monitor the market price of investments acquired with public funds,a requirement for settlement of all transactions,except investment pool firrids and mutual funds,on a delivery versus payment basis,and procedures to monitor rating changes in investments acquired with public funds and the liquidation of such investments consistent with the Texas Public Funds Investment Act(Texas Government Code, Chapter 2256). All City funds must be invested consistent with a formally adopted"Investment Strategy Statement"that specifically addresses each fund's investment. Each Investment Strategy Statement will describe its objectives concerning: (1) suitability of investment type,(2)preservation and safety of principal,(3)liquidity,(4)marketability of each investment,(5)diversification of the portfolio,and(6)yield. Under Texas law, City investments must be made "with judgment and care, under prevailing circumstances, that a person of prudence, discretion, and intelligence would exercise in the management of the person's own affairs, not for speculation, but for investment considering the probable safety of capital and the probable income to be derived." At least quarterly the investment officers of the City shall submit an investment report detailing:(1)the investment position of the City,(2)that all investment officers jointly prepared and signed the report,(3)the beginning market value,the ending market value and the fully accrued interest during the reporting period of each pooled fund group,(4)the book value and market value of each separately listed asset at the end of the reporting period,(5)the maturity date of each separately invested asset,(6)the account or fund or pooled fund group for which each individual investment was acquired, and (7) the compliance of the investment portfolio as it relates to: (a) adopted investment strategy statements and(b)state law. No person may invest City firrids without express written authority from the City Council. Under State law,the City is additionally required to:(1)annually review its adopted policies and strategies;(2)adopt a rule,order, ordinance or resolution stating that it has reviewed its investment policy and investment strategies and records any changes made to either its investment policy or investment strategy in the respective rule,order,ordinance or resolution;(3)require any investment officers with personal business relationships or relatives with firms seeking to sell securities to the City to disclose the relationship and file a statement with the Texas Ethics Commission and the City Council;(4)require the qualified representative of firms offering to engage in an investment transaction with the City to: (a)receive and review the City's investment policy, (b)acknowledge that 31 reasonable controls and procedures have been implemented to preclude investment transactions conducted between the City and the business organization that are not authorized by the City's investment policy(except to the extent that this authorization is dependent on an analysis of the makeup of the City's entire portfolio or requires an interpretation of subjective investment standards),quad(c deliver a writtem statement in a form acceptable to the City and the business organization attesting to these requirements-(5)perform an annual audit of the management controls on investments and adherence to the City's investment policy; (6) provide specific investment training for the Treasurer,chief financial officer and investment officers;(7)restrict reverse repurchase agreements to not more than 90 days and restrict the investment of reverse repurchase agreement funds to no greater than the term of the reverse purchase agreement;(8)restrict the investment in no-load mutual funds in the aggregate to no more than 15%of the City's monthly average fund balance, excluding bond proceeds and reserves and other finds held for debt service; (9)require local government investment pools to conform to the new disclosure,rating,net asset value,yield calculation,and advisory board requirements;and (10)at least annually review,revise,and adopt a list of qualified brokers that are authorized to engage in investment transactions with the City. TABLE 15-CURRENT INVESTMENTS As of December 1,2021,the City's investable funds were invested in the following categories: Description Percent Amount TexPoolt') 49.13% $15,402,004 TexStar c'� 50.87% 15,948,519 100.005/ TTU50,523 (1) A portion of the City's investments are invested in TexSTAR and TexPool,each of which is an investment pool that has an investment objective of achieving and maintaining a stable net asset value of$1.00 per share.Daily investment or redemption of funds is allowed by the participants. TexSTAR is a local government investment pool for whom Hilltop Securities Asset Management, Inc., a Hilltop Holdings Company, an affiliate of the City's financial advisor, provides customer service and marketing. [THE REMAINDERTIHS PAGE LEFT BLANK INTENTIONALLY] 32 TAXMATTERS TAx EXEWTION...The delivery of the Bonds is subject to the opinion of Bond Counsel to the effect that interest on the Bonds for federal income tax purposes(1)will be excludable from gross income,as defined in section 61 of the Internal Revenue Code of 1986, as amended to the date of such opinion (the "Code"), pursuant to section 103 of the Code and existing regulations, published rulings,and court decisions,and(2)will not be included in computing the alternative minimum taxable income of the owners thereof. A form of Bond Counsel's opinion is reproduced in Appendix C. The statutes,regulations,rulings, and court decisions on which such opinion is based are subject to change. In rendering the foregoing opinion, Bond Counsel will rely upon representations and certifications of the City made in a certificate dated the date of delivery of the Bonds pertaining to the use,expenditure,and investment of the proceeds of the Bonds and will assume continuing compliance by the City with the provisions of the Bond Ordinance subsequent to the issuance of the Bonds.The Bond Ordinance contains covenants by the City with respect to,among other matters,the use of the proceeds of the Bonds and the facilities financed therewith by persons other than state or local governmental units, the manner in which the proceeds of the Bonds are to be invested,the periodic calculation and payment to the United States Treasury of arbitrage"profits" from the investment of the proceeds,and the reporting of certain information to the United States Treasury. Failure to comply with any of these covenants may cause interest on the Bonds to be includable in the gross income of the owners thereof from the date of the issuance of the Bonds. Bond Counsel's opinion is not a guarantee of a result,but represents its legal judgment based upon its review of existing statutes, regulations,published rulings and court decisions and the representations and covenants of the City described above. No ruling has been sought from the Internal Revenue Service (the "IRS") with respect to the matters addressed in the opinion of Bond Counsel, and Bond Counsel's opinion is not binding on the IRS. The IRS has an ongoing program of auditing the tax-exempt status of the interest on tax-exempt obligations. If an audit of the Bonds is commenced, under current procedures the IRS is likely to treat the City as the"taxpayer,"and the owners of the Bonds would have no right to participate in the audit process. In responding to or defending an audit of the tax-exempt status of the interest on the Bonds, the City may have different or conflicting interests from the owners of the Bonds. Public awareness of any future audit of the Bonds could adversely affect the value and liquidity of the Bonds during the pendency of the audit,regardless of its ultimate outcome. Except as described above, Bond Counsel expresses no other opinion with respect to any other federal, state or local tax consequences under present law,or proposed legislation,resulting from the receipt or accrual of interest on,or the acquisition or disposition of,the Bonds. Prospective purchasers of the Bonds should be aware that the ownership of tax-exempt obligations such as the Bonds may result in collateral federal tax consequences to, among others, financial institutions, life insurance companies, property and casualty insurance companies, certain foreign corporations doing business in the United States, S corporations with subchapter C earnings and profits, individual recipients of Social Security or Railroad Retirement benefits, individuals otherwise qualifying for the earned income tax credit owners of an interest in a financial asset securitization investment trust("FASIT"),and taxpayers who may be deemed to have incur-red or continued indebtedness to purchase or carry, or who have paid or incurred certain expenses allocable to,tax-exempt obligations. Prospective purchasers should consult their own tax advisors as to the applicability of these consequences to their particular circumstances. Existing law may change to reduce or eliminate the benefit to bondholders of the exclusion of interest on the Bonds from gross income for federal income tax purposes. Any proposed legislation or administrative action, whether or not taken, could also affect the value and marketability of the Bonds.Prospective purchasers of the Bonds should consult with their own tax advisors with respect to any proposed or future change in tax law. TAX ACCOUNTING TREATMENT OF DISCOUNT AND PREMIUM ON CERTAIN BONDS...The initial public offering price of certain Bonds (the "Discount Bonds") may be less than the amount payable on such Bonds at maturity. An amount equal to the difference between the initial public offering price of a Discount Bond (assuming that a substantial amount of the Discount Bonds of that maturity are sold to the public at such price)and the amount payable at maturity constitutes original issue discount to the initial purchaser of such Discount Bond. A portion of such original issue discount allocable to the holding period of such Discount Bond by the initial purchaser will,upon the disposition of such Discount Bond(including by reason of its payment at maturity),be treated as interest excludable from gross income,rather than as taxable gain,for federal income tax purposes,on the same terms and conditions as those for other interest on the Bonds described above under "Tax Exemption." Such interest is considered to be accrued actuarially in accordance with the constant interest method over the life of a Discount Bond,taking into account the semiannual compounding of accrued interest, at the yield to maturity on such Discount Bond and generally will be allocated to an initial purchaser in a different amount from the amount of the payment denominated as interest actually received by the initial purchaser during the tax year. 33 However,such interest may be required to be taken into account in determining the amount of the branch profits tax applicable to certain foreign corporations doing business in the United States,even though there will not be a corresponding cash payment. In addition, the accrual of such interest may result in certain other collateral federal income tax consequences to, among others, financial institutions, life insurance companies, property and casualty insurance companies, S corporations with subchapter C earnings and profits,individual recipients of Social Security or Railroad Retirement benefits,individuals otherwise qualifying for earned income tax credit, owners of an interest in a FASIT, and taxpayers who may be deemed to have incurred or continued indebtedness to purchase or carry,or who have paid or incurred certain expenses allocable to,tax-exempt obligations. Moreover, in the event of the redemption, sale or other taxable disposition of a Discount Bond by the initial owner prior to maturity, the amount realized by such owner in excess of the basis of such Discount Bond in the hands of such owner(adjusted upward by the portion of the original issue discount allocable to the period for which such Discount Bond was held) is includable in gross income. Owners of Discount Bonds should consult with their own tax advisors with respect to the determination of accrued original issue discount on Discount Bonds for federal income tax purposes and with respect to the state and local tax consequences of owning and disposing of Discount Bonds. It is possible that, under applicable provisions governing determination of state and local income taxes,accrued interest on Discount Bonds may be deemed to be received in the year of accrual even though there will not be a corresponding cash payment. The purchase price of certain Bonds(the"Premium Bonds")paid by an owner may be greater than the amount payable on such Bonds at maturity. An amount equal to the excess of a purchaser's tax basis in a Premium Bond over the amount payable at maturity constitutes premium to such purchaser. The basis for federal income tax purposes of a Premium Bond in the hands of such purchaser must be reduced each year by the amortizable bond premium, although no federal income tax deduction is allowed as a result of such reduction in basis for amortizable bond premium. Such reduction in basis will increase the amount of any gain (or decrease the amount of any loss) to be recognized for federal income tax purposes upon a sale or other taxable disposition of a Premium Bond.The amount of premium that is amortizable each year by a purchaser is determined by using such purchaser's yield to maturity(or,in some cases with respect to a callable Bond,the yield based on a call date that results in the lowest yield on the Bond). Purchasers of the Premium Bonds should consult with their own tax advisors with respect to the determination of amortizable bond premium on Premium Bonds for federal income tax purposes and with respect to the state and local tax consequences of owning and disposing of Premium Bonds. CONTINUING DISCLOSURE OF INFORMATION In the Bond Ordinance,the City has made the following agreement for the benefit of the holders and beneficial owners of the Bonds. The City is required to observe the agreement for so long as it remains obligated to advance funds to pay the Bonds. Under the agreement,the City will be obligated to provide certain updated financial information and operating data annually,and timely notice of specified events,to the Municipal Securities Rulemaking Board(die"MSPB"). ANNUAL REPoRTs...The City will provide certain updated financial information and operating data to the MSRB on an annual basis in an electronic format that is prescribed by the MSRB and available via EMMA. The information to be updated includes all quantitative financial information and operating data with respect to the City of the general type included in this Official Statement under Tables numbered I through 6 and 8 through 15 and in Appendix B. The City will update and provide the information in Tables I through 6 and 8 through 15 within six months after the end of each fiscal year ending in and after 2022. The City will additionally provide audited financial statements when and if available, and in any event,within 12 months after the end of each fiscal year ending in or after 2022. If the audit of such financial statements is not complete within 12 months after any such fiscal year end, then the City will file unaudited financial statements within such 12 month period and audited financial statements for the applicable fiscal year,when and if the audit report on such statements becomes available. Any such financial statements will be prepared in accordance with the accounting principles described in Appendix B or such other accounting principles as the City may be required to employ from time to time pursuant to State law or regulation. The financial information and operating data to be provided may be set forth in full in one or more documents or may be included by specific reference to any document available to the public on the MSRB's Internet Web site identified above or filed with the United States Securities and Exchange Commission(the"SEC'),as permitted by SEC Rule 15c2-12(the"Rule"). The City's current fiscal year end is September 30. Accordingly,the City must provide updated information included in Tables 1 through 6 and 8 through 15 by the last day of March in each year,and audited financial statements for the preceding fiscal year (or unaudited financial statements if the audited financial statements are not yet available)by September 30 of each year. If the City changes its fiscal year,it will file notice of the change(and of the date of the new fiscal year end)with the MSRB prior to the next date by which the City otherwise would be required to provide financial information and operating data as set forth above. 34 NOTICE OF CERTAIN EVENTS...The City will also provide timely notices of certain events to the MSRB.The City will provide notice of any of the following events with respect to the Bonds to the MSRB in a timely manner(but not in excess of ten business days after the occurrence of the event): (1) principal and interest payment delinquencies; (2) non-payment related defaults, if material; (3) unscheduled draws on debt service reserves reflecting financial difficulties; (4) unscheduled draws on credit enhancements reflecting financial difficulties; (5)substitution of credit or liquidity providers, or their failure to perform; (6) adverse tax opinions,the issuance by the Internal Revenue Service of proposed or final determinations of taxability,Notices of Proposed Issue(IRS Form 5701-TEB),or other material notices or determinations with respect to the tax status of the Bonds,or other material events affecting the tax status of the Bonds; (7)modifications to rights of holders of the Bonds, if material; (8) Bond calls,if material,and tender offers;(9)defeasances;(10)release,substitution,or sale of property securing repayment of the Bonds,if material;(11)rating changes;(12)bankruptcy,insolvency,receivership,or similar event of the City,which shall occur as described below; (13)the consummation of a merger, consolidation, or acquisition involving the City or the sale of all or substantially all of its assets,other than in the ordinary course of business,the entry into of a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;(14)appointment of a successor or additional trustee or the change of name of a trustee,if material;(15)incurrence of a debt obligation or a derivative instrument entered into in connection with,or pledged as security or a source of payment for, an existing or planned debt obligation of the City,or a guarantee of any such debt obligation or derivative instrument,if material,or agreement to covenants,events of default,remedies,priority rights,or other similar terms of any such financial obligation of the City,any of which affect security holders,if material;and(16)default,event of acceleration,termination event,modification of terms, or other similar events under the terms of any such financial obligation of the City, any of which reflect financial difficulties.In addition,the City will provide timely notice of any failure by the City to provide annual financial information in accordance with their agreement described above under"Annual Reports". For these purposes,any event described in(12)in the immediately preceding paragraph is considered to occur when any of the following occur:the appointment of a receiver,fiscal agent,or similar officer for the City in a proceeding under the United States Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the City, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the City.Additionally, the City intends the words used in the preceding items(15)and(16)and the definition of"financial obligation"in these items to have the same meanings as when they are used in the Rule,as evidenced by SEC Release No.34-83885,dated August 20,2018. AVAILABILITY OF INFORMATION . . . The City has agreed to provide the foregoing information only as described above. Investors will be able to access continuing disclosure information filed with the MSRB free of charge at www.emma.msrb.org. LIMITATIONS AND AMENDMENTS...The City has agreed to update information and to provide notices of certain specified events only as described above. The City has not agreed to provide other information that may be relevant or material to a complete presentation of its financial results of operations, condition, or prospects or agreed to update any information that is provided, except as described above. The City makes no representation or warranty concerning such information or concerning its usefulness to a decision to invest in or sell Bonds at any future date. The City disclaims any contractual or tort liability for damages resulting in whole or in part from any breach of its continuing disclosure agreement or from any statement made pursuant to its agreement, although holders of Bonds may seek a writ of mandamus to compel the City to comply with its agreement. The City's continuing disclosure agreements for the Bonds may be amended by the City from time to time to adapt to changed circumstances that arise from a change in legal requirements,a change in law,or a change in the identity,nature,status,or type of operations of the City,but only if(1)the provisions,as so amended,would have permitted an underwriter to purchase or sell the Bonds in the primary offering of such Bonds in compliance with the Rule, taking into account any amendments or interpretations of the Rule since such offering as well as such changed circumstances and(2)either(a)the registered owners of a majority in aggregate principal amount(or any greater amount required by any other provision of the Ordinance that authorizes such an amendment)of the outstanding Bonds consent to such amendment or(b)a person that is unaffiliated with the City(such as nationally recognized bond counsel)determines that such amendment will not materially impair the interest of the registered owners and beneficial owners of such Bonds. The City may also amend or repeal the provisions of the continuing disclosure agreements if the SEC amends or repeals the applicable provision of the Rule or a court of final jurisdiction enters judgment that such provisions of the Rule are invalid, but only if and to the extent that the provisions of this sentence would not prevent an underwriter from lawfully purchasing or selling the Bonds in the primary offering of such Bonds. If the City amends its agreements, it must include with the next financial information and operating data provided in accordance with its agreement described above under"Annual Reports"an explanation,in narrative form,of the reasons for the amendment and of the impact of any change in the type of information and data provided. COMPLIANCE WITH PRIOR UNDERTAIaNGS...During the last five years the City believes it has complied in all material respects with its previous continuing disclosure undertakings entered into pursuant to the Rule. 35 OTHERINFORMATION RATINGS The Bonds and the presently outstanding tax supported debt of the City are rated "Aal" by Moody's and "AA" by S&P. An explanation of the significance of such ratings may be obtained from the company furnishing the rating. The ratings reflect only the respective views of such organizations and the City makes no representation as to the appropriateness of the ratings. There is no assurance that such ratings will continue for any given period of time or that they will not be rev ised downward or withdrawn entirely by either or both of such rating companies, if in the judgment of either or both companies,circumstances so warrant. Any such downward revision or withdrawal of such ratings,or either of them,may have an adverse effect on the market price of the Fiends: LITIGATION It is the opinion of the City Attorney and City Staff that there is no pending litigation against the City that would have a material adverse financial impact upon the City or its operations. REGISTRATION AND QUALIFICATION OF BONDS FOR SALE The sale of the Bonds has not been registered under the Federal Securities Act of 1933, as amended, in reliance upon the exemption provided thereunder by Section 3(a)(2). The Bonds have not been approved or disapproved by the Securities and Exchange Commission, nor has the Securities and Exchange Commission passed upon the accuracy or adequacy of the Preliminary Official Statement. The bonds have not been qualified under the Securities Act of Texas in reliance upon various exemptions contained therein;nor have the Bonds been qualified under the securities acts of any jurisdiction. The City assumes no responsibility for qualification of the Bonds under the securities laws of any jurisdiction in which the Bonds may be sold, assigned, pledged, hypothecated or otherwise transferred. This disclaimer of responsibility for qualification for sale or other disposition of the bonds shall not be construed as an interpretation of any kind with regard to the availability of any exemption from securities registration,provisions. LEGAL INVESTMENTS AND ELIGIBILITY TO SECURE PUBLIC FUNDS IN TEXAS Under the Texas Public Security Procedures Act (Texas Government Code, Chapter 1201), the Bonds (i) are negotiable instruments,(ii)are investment securities to which Chapter 8 of the Texas llniforin Commercial Code applies,and(iii)are legal and authorized investments for(A)an insurance company,(9)a fiduciary or trustee,or(C)a sinking Fund of a rnunicipali€y'dr other political subdivision or public agency of the State(if Texas The Bonds am eligible to secure deposits of any public funds of the State,its agencies and political subdivisions, and are legal security for those deposits to the extent of their market value. For political subdivisions in Texas which have adopted investment policies and guidelines in accordance with the Public Funds Investment Act(Texas Government Code,Chapter 2256),the Bonds may have to be assigned a rating of not less than"A"or its equivalent as to investment quality by a national rating agency before the Bonds are eligible investments for sinking funds and other public firads. In addition,various provisions of the Texas Finance Code provide that,subject to a prudent investor standard, the Bonds are legal investments for state banks,savings banks,bust companies with at least$1 million of capital and savings and loan associations. The City has made no investigation of other laws,rules,regulations or investment criteria which might apply to such institutions or entities or which might limit the suitability of the Bonds to any of the foregoing purposes or limit the authority of such institutions or entities to purchase or invest in the Bonds for such purposes. No review by the City has been made of the laws in other states to determine whether the Bonds are legal investments for various institutions in those states. LEGAL OPINIONS AND NO-LITIGATION CERTIFICATE The City will firmish to the Initial Purchaser a complete transcript of proceedings had incident to the authorization and issuance of the Bonds,including the unqualified approving legal opinion of the Attorney General of Texas approving the Initial Bond and to the effect that the Bonds are valid and legally binding obligations of the City,and based upon examination of such transcript of proceedings,the approving legal opinion of Bond Counsel,to like effect and to the effect that the interest on the Bonds will be excludable from gross income for federal income tax purposes under Section 103(a)of the Code,subject to the matters described under"Tax Matters"herein. The customary closing papers,including a certificate to the effect that no litigation of any nature has been filed or is then pending to restrain the issuance and delivery of the Bonds, or which would affect the provision made for their payment or security or in any manner questioning the validity of said Bonds will also be famished. Though it represents the Financial Advisor and purchasers of debt from governmental issuers from time to time in matters unrelated to the issuance of the Bonds, Bond Counsel has been engaged by and only represents the City in connection with the issuance of the Bonds. Bond Counsel was not requested to participate,and did not take part,in the preparation of the Notice of Sale and Bidding Instructions, the Official Bid Forth and the Official Statement, and such firm has not assumed any responsibility with respect thereto or undertaken independently to verify any of the information contained therein,except that, in its capacity as Bond Counsel, such firm has reviewed the information describing the Bonds in the Official Statement to verify that such description conforms to the provisions of the Bond Ordinance. The legal fee to be paid Bond Counsel for services rendered in connection with the issuance of the Bonds is contingent on the sale and delivery of the Bonds. The legal opinion will accompany the Bonds deposited with DTC or will be printed on the Bonds in the event of the discontinuance of the Book-Entry-Only System. 36 The legal opinions to be delivered concurrently with the delivery of the Bonds express the professional judgment of the attorneys rendering the opinions as to the legal issues explicitly addressed therein. In rendering a legal opinion, the attorney does not become an insurer or guarantor of that expression of professional judgment, of the transaction opined upon, or of the future performance of the parties to the transaction. Nor does the rendering of an opinion guarantee the outcome of any legal dispute that may arise out of the transaction. AUTHENTICITY OF FINANCIAL DATA AND OTHER INFORMATION The financial data and other information contained herein have been obtained from City records,audited and unaudited financial statements and other sources,which are believed to be reliable. There is no guarantee that any of the assumptions or estimates contained herein will be realized. All of the summaries of the statutes, documents and Bond Ordinance contained in this Preliminary Official Statement are made subject to all of the provisions of such statutes, documents and Bond Ordinance.These summaries do not purport to be complete statements of such provisions and reference is made to such statutes, documents and Bond Ordinance for further information.Reference is made to original documents in all respects. FINANCIAL ADVISOR Hilltop Securities Inc. ("HilltopSecurities")is employed as Financial Advisor to the City in connection with the issuance of the Bonds. The Financial Advisor's fee for services rendered with respect to the sale of the Bonds is contingent upon the issuance and delivery of the Bonds. HilltopSecurities,in its capacity as Financial Advisor,has relied on the opinion of Bond Counsel and has not verified and does not assume any responsibility for the information,covenants and representations contained in any of the legal documents with respect to the federal income tax status of the Bonds, or the possible impact of any present,pending or future actions taken by any legislative or judicial bodies. The Financial Advisor to the City has provided the following sentence for inclusion in this Official Statement. The Financial Advisor has reviewed the information in this Official Statement in accordance with,and as part of,its responsibilities to the City and,as applicable,to investors under the federal securities laws as applied to the facts and circumstances of this transaction,but the Financial Advisor does not guarantee the accuracy or completeness of such information. INITIAL PURCHASER OF THE BONDS After requesting competitive bids for the Bonds,the City accepted the bid of (the"Initial Purchaser") to purchase the Bonds at the interest rates shown on the cover page of the Official Statement at a price of par plus a cash premium of $ . The Initial Purchaser can give no assurance that any trading market will be developed for the Bonds after their sale by the City to the Initial Purchaser. The City has no control over the price at which the Bonds are subsequently sold and the initial yield at which the Bonds will be priced and reoffered will be established by and will be the sole responsibility of the Initial Purchaser. CERTIFICATION OF THE OFFICIAL STATEMENT At the time of payment for and delivery of the Bonds,the City will furnish to the Initial Purchaser a certificate, executed by a proper City officer,acting in such officer's official capacity,to the effect that to the best of such officer's knowledge and belief: (a)the descriptions and statements of or pertaining to the City contained in the Official Statement,and any addenda,supplement, or amendment thereto,on the date of the Official Statement,on the date of sale of the Bonds,and the acceptance of the best bid therefor, and on the date of the delivery, were and are true and correct in all material respects; (b) insofar as the City and its affairs,including its financial affairs,are concerned,the Official Statement did not and does not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein,in light of the circumstances under which they were made,not misleading;(c)insofar as the descriptions and statements,including financial data,of or pertaining to entities,other than the City, and their activities contained in the Official Statement are concerned, such statements and data have been obtained from sources which the City believes to be reliable and the City has no reason to believe that they are untrue in any material respect; and(d)there has been no material adverse change in the financial condition of the City since the date of the last audited financial statements of the City. FoRwARD-LOOKING STATEMENTS DISCLAIMER The statements contained in this Official Statement, and in any other information provided by the City, that are not purely historical,are forward-looking statements,including statements regarding the City's expectations,hopes,intentions,or strategies regarding the future. Readers should not place undue reliance on forward-looking statements. All forward-looking statements included in this Official Statement are based on information available to the City on the date hereof, and the City assumes no obligation to update any such forward-looking statements. The City's actual results could differ materially from those discussed in such forward-looking statements. 37 The forward-looking statements included herein are necessarily based on various assumptions and estimates and are inherently subject to various risks and uncertainties, including risks and uncertainties relating to the possible invalidity of the underlying assumptions and estimates and possible changes or developments in social, economic, business, industry, market, legal, and regulatory circumstances and conditions and actions taken or omitted to be taken by third parties,including customers,suppliers, business partners and competitors,and legislative,judicial,and other governmental authorities and officials. Assumptions related to the foregoing involve judgments with respect to,among other things,future economic,competitive,and market conditions and future business decisions,all of which are difficult or impossible to predict accurately and many of which are beyond the control of the City. Any of such assumptions could be inaccurate and,therefore, there can be no assurance that the forward-looking statements included in this Official Statement will prove to be accurate. MISCELLANEOUS The Bond Ordinance authorizing the issuance of the Bonds will approve the form and content of this Official Statement and any addenda supplement or amendment thereto,and authorize its fimher use in the reoffering of the Bonds by the Initial Purchasers. MXTTBEW PORTER Mayor ATTEST: City of Wylie,Texas STEPHANIE STORM,IRMC City Secretary 38 Schedule I SCHEDULE OF REFUNDED OBLIGATIONS* Public Property Finance Contractual Obligations,Series 2012 Original Maturity Interest Amount Amount Dated Date Date Rate Outstanding Refunded 7/15/2012 VITT0723 3.250% $ 80,000 $ 80,000 2/15/2024 3.250% 80,000 80,000 2/15/2025 3.250% 85,000 85,000 2/15/2026(2) 3.250% 85,000 85,000 2/15/2027() 3.250% 90,000 90,000 2/15/2028(2) 3.250% 90,000 90,000 2/15/2029(3) 3.000% 95,000 95,000 2/15/2030(3) 3.000% 95,000 95,000 2/15/2031 (3) 3.000% 100,000 100,000 2/15/2032 3.000% 105,000 105,000 $ 905,000 $ 905,000 The 2023—2032 maturities will be redeemed prior to original maturity on April 5,2022 at par. (1) Represents a Term Bond with a final maturity of February 15,2025. (2) Represents a Term Bond with a final maturity of February 15,2028. (3) Represents a Term Bond with a fmal maturity of February 15,2032. General Obligation Refunding Bonds,Series 2012 Original Maturity Interest Amount Amount Dated Date Date Rate Outstanding Refunded 7/15/2012 2/15/2026 3.250% $ 600,000 $ 600,000 2/15/2027 3.250% 625,000 625,000 2/15/2028 3.250% 3,670,000 3,670,000 2/15/2029 3.250% 1,725,000 1,725,000 $ 6,620,000 $ 6,620,000 The 2026—2029 maturities will be redeemed prior to original maturity on April 5,2022 at par. Preliminary,subject to change. r S PAGE LEFT BLANK INTENTIONALLY APPENDIX A GENERAL INFORMATION REGARDING TBE CITY THIS PAGE LEFT BLANK INTENTIONALLY LOCATION.. .The City is located in the southeast comer of Collin County on State Highway 78,approximately 25 miles north of downtown Dallas. The City's corporate boundaries encompass approximately 37 square miles. ECONOMY...Accelerated industrial and commercial development within the past 5 to 10 years in the City,and its close proximity to the Cities of Dallas,Plano and Garland,has created a balanced economy based on manufacturing and agriculture. ECONOMIC AND POPULATION GAINS...The City has noted significant population increase and economic growth in the last decade. Population of the City at the 1960 Census was 1,804...at the 1970 Census 2,675...at the 1980 Census 3,152...at the 1990 Census 8,716...at the 2000 Census 15,132...at the 2010 Census 41,461 ...and the estimated 2022 population is 60,561. EMPLOYMENT DATA(') November Average Annual 2021 2020 2019 2018 2017 Civilian Labor Force 602,619 770,623 563,678 551,491 525,641 Employed 582,032 534,617 546,320 533,254 509,902 Unemployed 20,587 36,006 17,358 18,237 15,739 Percent Unemployed 3.42% 6.31% 3.08% 3.31% 2.99% Percent Unemployed: State of Texas 5.21% 7.64% 3.51% 3.85% 3.70% Collin County 3.42% 6.31% 3.08% 3.08% 2.99% (1) Employment data from Texas Employment Commission. INDUSTRY AND BuSINESS...More than 40 diversified manufacturing plants are located in the City. The ten largest employers are as follows: Estimated Number of Company Product EmEl2jees, Wylie Indpendent School District Public Education 2,800 No Texas Municipal Water District Regional Water Treatment 830 Wal-Mart Retail 497 City of Wylie Municipal Government 414 Sanden International(USA),Inc. Auto A/C Compressors 383 Kroger Retail 252 Extruders/Tower Extrusion Aluminum Extrusion 230 SAF Holland Transportation Equipment 224 Ascend Custom Extrusions Aluminum Extrusion 180 Target Retail 175 Other manufacturers produce pre-fab homes,automobile and bicycle parts,photo equipment,bathroom fixtures and marble sinks and tubs. Many residents of the City are employed in the nearby Cities of Dallas,Plano,Garland and Richardson. A-I CONSTRUCTION PERmrrs Fiscal Single Family Year Residential Ended Permits 9-30 Issued 2017 667 2018 617 2019 443 2020 500 2021 577 TRANSPORTATION.. .State 11ighway 78,which runs north-south,bisects the City and connects the City with the City of Garland. 1"M.544 which wens past-west,connects the City with the City ofPlano on its west. Additionally,Interstate lEghway 30(east-west) is 7-runes cast ofthe City. EDUCATIONAL,FAcrLrrus...The Wylie Independent School District which serves the City,covers a 41 square mile area in Collin County and serves approximately 14,500 students. The District is accredited by the Southern Association of Colleges and Schools by the Texas Education Agency and is organized under a -4, 5-6, 7-8, 9 and 10-12 grade arrangement. Twenty campuses, all climate-controlled d well equipped with library,media and physical education facilities, serve the student population. The staff consists of approximately 2,122 members. 'g er education facilities in the area include the Collin County Community College District Campuses in McKinney,Plano,and a new campus in Wylie,the University of Texas at Dallas,Southern Methodist University in Dallas,University of North Texas and Texas Womans University in Denton. RwREATioN...Excellent recreational facilities are available to the residents of the City. The City is located on the shores of Lake Lavon, consisting of 380,000 acre feet of potable water storage. The City also has seven parks with baseball/softball fields, volleyball courts and basketball courts. A-2 APPENDIX B CITY OF WYLIE,TEXAS ANNUAL FINANCL41 REPORT For the Year Ended September 30,2021 e information contained in this Appendix consists of excerpts from the City of Wylie, Texas Annual Financial Report for the Year Ended September 30,2021,and is not intended to be a complete statement of the City's fmancial condition. Reference is made to the complete Report for further information. THIS PAGE LEFT BLANK INTENTIONALLY APPENDIX C FORM OF BOND COUNSEL'S OPINION THIS PAGE LEFT BLANK INTENTIONALLY � * �� WQ ��U�� u �� u � o^��.�u_ u ��a~��u�u��m u e a Date Norton Rose FulbhghdUGLLP 22OO Ross Avenue,Suite 3O8O Dallas,Texas 75201'7932 United States � Tel+12148558OOO -m Fax+121485582OO � » nortonmsefu|bhght.com » IN REGARD to the authorization and issuance of the "City of Wylie, Tmzao. General Obligation Refunding and Improvement Bonds, Series 2022," dated February 15, 2022, in the principal amount � of (the"Bonds"),we have examined into their issuance by the City of Wylie,Texas(the �� ^ --------�� express legal opinions as to the validity of the Bonds, the defeasance and discharge « of the City's� utotandin� ��|ig�timna bein0 refunded by the Bonds and the exclusion of the interest on the Bondfrom gross income for federal income tax purpmmea, and for no other purpose. We have � ^ not been requested to investigate or verify, and we neither expressly nor by implication render herein any opinion in the financial condition or capabilities ofthe City,the disclosure mf any financial or statistical information or data pertainiS to the_Pity and used in the sale of the Bonds, or the ~ THE BONDS are issued in fully registered form only and in denominations of$5,000 or any integral � maturity). The Bonds m otureon February 15in each of the years specified in �multipleordinenca- by the ��ib/ <��unoi| of City authorizing the [mau�nm* of the Bonds (the � ~ .. ___�_~_ ��^ u "Ordinance") unless redeemed prior to maturity in accordance with the terms stated on the Bonds. The Bonds accrue interest from the dates, at the rates, and in the manner and interest is payable on the dates, all amprovided in the Ordinance. ' ` i h examined d h Uhoriginal ��ed copies of the proceedings relating to the issuance of the Bonds, including the Ordinance and an- examination of the initial..~ Bond ..~....- _- delivered by the —` (which— we foundproperly �a -- ----`' U-U certifications of officers of the City relatingto the expected use and investment of proceeds uv the sale of the Bonds and certain other funds ofthe City and Uii\other documentation and - such matters of |exv as we deem relevant. In the examination of the proceedings relating to the � issuance of the Bonds, we have assumed the authenticity of all documents submitted to um as � - originals,the conformity to original copies of all documents submitted to us as certified copies,and the � accuracy of the statements contained in such documents and certifications. � BASED[)@OUR EXAMINATIONS, IT IS OUR OPINION that, under the applicable laws of the United � � States of America and the State cf Texas in force and effect on the date henamf 1. The Bonds have been duly� �~ authorized by the City and,vvh issued i U with the provisions of the Ordinance, are valid, legally binding and enforceable obligations of the City payable from the proceeds of an ad valorem tax levied,within the limitations prescribed by law, upon m" taxable property - thereof -�--be affected by *-� bankruptcy,- inm noy, reorganization, nnoratoduno, or other similar laws affecting creditors' rights or � the��nci==of judicial discretion in accordance with the general principles of equity. 2. The outstanding obligations rmfunded, dkmchmroed, paid and retired with the proceeds » of the Bonds have been defeaeed and are regarded as being outstanding only for the purpose of naoaiv|nQ payment from the funds held by the paying agent for the outstanding obligations being � ^ refunded (the "Refunded Obligations Paying Agent") and in accordance with the provisions of Texas Government Code. Chapter 1207. as amended. In rendering this mp|nion, we have relied upon a . � ~ � Norton Rose eudgmouLLP isalimited liability partnership registered under the laws of Texas. 103989287.2/1001162288 ANorton Rose Fullbright US LLP, Norton Rose FulblightFulbright South Africa incaroseparate,legal entifies and all ofthern are membersofNorton Rose Fulbright Verein,aSwiss vereln.Norton Rose fulbright Verein helps coordjrwte the activities of the meml>ers but does not Itself provide legal services to c1lents.Details of each anuty,VAth certain regulatory ,� information,are ava0able at nortonrosefulbrightcom, A NORTON ROSE FULBRIGHT Page 2 of Legal Opinion of Norton Rose Fulbright US LLP Re: "City of Wylie, Texas, General Obligation Refunding and Improvement Bonds, Series 2022" certificate of the Refunded Obligations Paying Agent as to the sufficiency of cash deposited with the Refunded Obligations Paying Agent for the purpose of paying the outstanding obligations refunded and to be retired with the proceeds of the Bonds and the interest thereon. 3. Pursuant to section 103 of the Internal Revenue Code of 1986, as amended to the date hereof(the "Code"), and existing regulations, published rulings, and court decisions thereunder, and assuming continuing compliance after the date hereof by the City with the provisions of the Ordinance relating to sections 141 through 150 of the Code, interest on the Bonds for federal income tax purposes(a)will be excludable from the gross income, as defined in section 61 of the Code, of the owners thereof, and (b)will not be included in computing the alternative minimum taxable income of the owners thereof. WE EXPRESS NO OPINION with respect to any other federal,state,or local tax consequences under present law or any proposed legislation resulting from the receipt or accrual of interest on, or the acquisition or disposition of.the Bonds. Ownership of tax-exempt obligations such as the Bonds may �= itln==ccyltater-M4eder-d--km=eenseque o,--=arnon"ther"j- na;neial=institutioi4%--*fe=4nsur.-anGe---,-,.. companies, property and casualty insurance companies, certain foreign corporations doing business in the United States, S corporations with subchapter C earnings and profits, owners of an interest in a financial asset securitization investment trust, individual recipients of Social Security or Railroad Retirement benefits, individuals otherwise qualifying for the earned income tax credit, and taxpayers who may be deemed to have incurred or continued indebtedness to purchase or carry, or who have paid or incurred certain expenses allocable to, tax-exempt obligations. OUR OPINIONS ARE BASED on existing law,which is subject to change. Such opinions are further based on our knowledge of facts as of the date hereof. We assume no duty to update or supplement our opinions to reflect any facts or circumstances that may thereafter come to our attention or to reflect any changes in any law that may thereafter occur or become effective. Moreover, our opinions are not a guarantee of result and are not binding on the Internal Revenue Service; rather, such opinions represent our legal judgment based upon our review of existing law that we deem relevant to such opinions and in reliance upon the representations and covenants referenced above. 103989287.211001162288 THIS PAGE LEFT BLANK INTENTIONALLY Financial Advisory Services Provided By Hilltop Holdings Company. 02/22/2022 Item WS1. IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Parks and Recreation Account Code: Prepared By: Robert Diaz Subject Wylie Recreation Center Operations Presentation. Recommendation Discussion I'arks and Recreation staff prepared a video presentation regarding the current operations of the Wylie Recreation Center. I ollowing the video presentation, Parks and Recreation Department Director, Robert Diaz will provide the City Council an opportunity for questions regarding the presentation. ideo Link: http://bit.ly/34Tx7kd Financial Summary/Strategic Goals here is not a Financial Summary included in this report. trategic Goals:Health, Safety and Well-Being; Community Focused Government; Culture, Planning Management. 98 02/22/2022 Item WS2IA/ IN Wylie City Council CITY OF WYLIE AGENDA REPORT Department: Planning Account Code: Prepared By: Jasen Haskins,AICP Subject Discuss the status of the Comprehensive Master Plan and specifically Future Land Use. Recommendation ID iscussion Discussion For the past several months City staff,a consultant team,and the Comp Plan Advisory Committee(CPAC)have been working on the Revised Comprehensive Master Plan. As of this writing accomplishments include: • Draft of Chapter 1 -Plan introduction,is complete. • Draft of Chapter 2-Community Snapshot, is complete. • Draft Comp Plan goals are complete • Draft Strategies are being reviewed • Draft Future Land Use Map(FLU) and definitions are in progress As Future Land Use represents a major component of the overall Comp Plan, staff is presenting the FLU map and definitions to the Council for review and comment. Financial Summary/Strategic Goals I lanning Management 99 02/22/2022 Item wsz. ENVISION W Y L I E 2022 Comprehensive Plan FEBRUARY 22, 2022 I CITY COUNCIL MEETING 100 02/22/2022 Item WS2. ProjectUpdate • Process Reminder • Overview and Discussion : ♦ I • Future Land Use Map �y • Future Land Use Category Descriptions • Next Steps ■��m � � iiiiim 02/22/2022 Item WS2. .ie 41114, * Staliortotta- . tit° 44, • 4, .;- 44, mt. • Process Reminder 102 02/22/2022 Item WS2. , 1 N __ _ _. . ___ , i „,,-,:=-__---- A i t- 1 It 111 __ ;Ill 1 yt \ 4. , . i._ .._ . ._ II r- . * 411 J�. / ., ' _ ^ �• ma. i. • / / `-1 mil` �:\ � �' t a_ i Com rehensive Plan AdvisoryCommittee p 103 02/22/2022 Item WS2. 1'1 ' + .11/ , !I ... .. —- ', \\ \ .o "''.2.-k1'It.. ilk —•• 1111111111111111111rilir • - a., 31611.-. " 1 • 4 "' 41 WI . _ ...... . ....., . 1 v , 1w 0ii .�1, 14 - - 4 -Aii,m-ra A . ii IL _ . .._ 1 illif- l'11411, .......,,____ i- ��' _ xi* , `� Rom► # •-��_ Comprehensive Plan AdvisoryCommittee 104 02/22/2022 Item WS2. Ir ., 1 a z ,,,,. _ _ ___ el II II . i 4‘110#1/ ., ......., t 1!. / . i• III' It- 1 _ , . .._ 4:;of. , ,,.."'''' i '..'\,\'''''-' f e., ..,. , , . . ..L'-�- .. , 10, . s. ; ,__ ........ 1h I , : 1 -____ Comprehensive Plan AdvisoryCommittee 105 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 106 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online ZIF Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 107 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 108 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 109 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 110 02/22/2022 Item WS2. Future Land Use Map 111 02/22/2022 Item WS2. Future Land Use Map What is the Future Land Use Map? • Plan for what will the city look like in 15 to 20 years • Map to cover the city limits and ETJ 4.♦ . 411141% • Text to describe the Future Land Use •• ' -- Categories d • Guide zoning decision and is part of the ♦ ,, city's comprehensive plan 112 02/22/2022 Item WS2. Future Land Use Map Helps guide decisions, such as: • Infrastructure investments Future Land Use Map v. • Capital improvement planning Zonin • Rezonings - but it is not the zoning The FLU Map is the map vision ; zoning is the Intended to be flexible and kept up- re ulations to achieve to-date g that vision 113 02/22/2022 Item WS2. -C--f .i..4 . ,r/1 f..- , •-,_ 11111, {-n-1 ,— i e .—L A. :1-Y,a,-—,.it,,,.LIrI-r'iF-r',i-d''•t,--,'_-4;—-:i-.,._...'k . -,-. * ! " 1 , ',y'.,,- -, 1 1 F L"av14on„rLe_o atre,ike *Io IP-4'-*::,.•,•• 4,___..11 , . ...-,...fr.'..6,.'.....1,--..,,h-• i'.2:1,-.!. .,_ 1 ' thil I % , ',...;. ,-• Mil,.._• ''v.E.;'5..'- . '' •":..: 0 MEI Al IAr , 0 „I2 ' f ' --•' • '''', -/./:,.Y:.11 '. :::P.".' . . . . ., - '.., .• •'111 .''-''.'''';',/ f",""i/,'%. . .. • 41:,,:°,..:-. P .:' I ,, i_ , . .. _?.;.,,.. 1,,.. .,I_ • .,'4; . ' . . . T7 ' '''/. • . - ___ • ,... z lima • 1 Sub-Urban Urban Urban Core ,i),,,/,../.1 , • , , T — ' /7 0 Natural rH,..,---- . ., . I ..... '.• Parks Single Family Residential Multi Family Residential SF Residential - - - Golt Courses Multi Family Residential Commercial Corridor MF Residential Trails Neighborhood Services Light Industrial NS ,. s . CC •',•-• __, ' ' , .. / '-, ,• i / .4..?."« 1 > 7/1/1 • . • vLiL \ ° .. Least Intense Most Intense v-. ...-'.. - --/ . • .-.,',.- ''../ 114 02/22/2022 Item WS2. '/, -) `fl,WYLIE IMrstfKN0l5[ese ..r.1-417-1 I N I-2 5_, 1 \ /./-- . _ _ ,____,> --,...„_, 'it,--4 ' 27-----/t---7\:_ ,....ery,(7,r1 ..,, t ,_,_. . . 1 ��L _\ -- . 1,:, _.. _ ,,. DRAFT �— -�/ City of Wylie a.... % t Future Land Use .". + •1/41 Land Uses ��! 1.1 Il s'.' Low-Density Residential 1 rap 1 ►�� - Medium-Density Residential • . _ Mixed-Use and Special Planning Areas �# �. , _ _ C _ � _. •,�� i Downtown • 1 _ Local Commercial • � ;\ , zas� - Regional Commercial 7ili - _ T = Industrial = Public/Semi-Public N \ \/ Parks and Open Space ,(/ j' Lake Lavon •• ` Right-of-way e�Yw L...a„ Floodplain(FEMA) 0 Wylie City Limits / Wylie ETJ 115 02/22/2022 Item WS2. City of Wylie z7-4 .1.,_ Future Land Use - Industrial /:� MIPubliciSemi-Public Land Uses E Porter Rd .'y. Parks and Open Space ,H.,>sj ''_ Low-Density Residential � ti� Medwm Density Residential Right-of-way Mixed-Use and Special Planning ArE Floodplain (FEMA) Downtown r I c7 Wylie City Limits I _ Local Commercial Lake Lavon Wylie ETJ r .,.... _ Regional Commercial ...... , ., .1 Mahn Path DRAFT sweor disiii. tie L' . i."' 4(1' a 1 u . low , 7 1111P NIP ' . .• : 4,-x :. �- / I ..: _ � - TA s 16) 1 ( Talis,l^ Ala.a n�nn . �'� ___,_, , yi , „ ell IOWAN iiiiiikke a 6.14110) 11/11:14:14 4 I ,r �'_ CO 11 �M'M wit— f Ail Slgie .. ESlone SI 1 ,lis. — 116 02/22/2022 Item WS2I - 11 - 0,361 lilluarrAi 1 ii 11E7 aii... . . - _ .01.` I 5 a 7—---_,-- allasmiaL44:44—ji r R /I— I 7 E !Q E Slone I I , v -r ' 1 al` _._ , -1 sli ti .. -- �..- bans Ln.•..'.:,'�.. bemeS z' . �■ DRAFT Mania Of E \ City of Wylie Elm Dr pa �. ` Ni �' ...ow Future Land Use f c,..i.G,.,, Land Uses �/�.'�{,�}f'��+ , Low-Density Residential L'l"Ji1/1!CUuMy 111\ei, yaS r,.a Medium-Density Residential Dallas.Ca lir p „mw,D. Mixed-Use and Special Planning Areas `-ale IV Downtown �a� e� Local Commercial ye - Regional Commercial \� - Industrial • ,1. - Public/Semi-Public Parks and Open Space Fy_--, v • / ?i �' RLakeight Laof-wayon 6 / \ Floodplain(FEMA) t. Wylie City Limits dIIIIIk10Wylie ETJ 117 02/22/2022 Item WS2. City of Wylie Future Land Use Land Uses // Low-Density Residential Medium-Density Residential Mixed-Use and Special Planning Areas , r . 1 i , Downtown - Local Commercial , - Regional Commercial -T Mil Industrial - Public/Semi-Public I Parks and Open Space ' DRAFT 4 Lake Lavon --A,' . 4 Right-of-way Floodplain(FEMA) Wylie City Limits Wylie ETJ <Li. L. . -LL: _ 7-1-4 L=vrr! 1_ake //�A'' Ava on Pan r 1� 1 118 02/22/2022 Item WS2. FLU Category Descriptions 1 St DRAFT) Category Descriptions Explain: • The vison or of the category AI purpose g y CITY OF ❑ Main Purpose (e.g., uses or types of developments) fN \/VY L I E ❑ Secondary Purpose (e.g., uses or types of developments) • The characteristics within the category 0.5 ❑ Design or look and feel of the area Miles Intended to provide a high-level view of an area for El.IM NICHOLS planning purposes (Please note: It is not intended to be a Note: A comprehensive plan shall not detailed as zoning) constitute zoning regulations or establish zoning district boundaries. 119 02/22/2022 Item WS2. FLU Category Descriptions 1st DRAFT) CPAC Draft (Continuing Process with the CPAC) • Initial Comments • Continue CPAC Comments and Development • Current Draft Version d.r c A f . r . -- _ fir► 1 i , A , .,, . _ � ; " _ -it' . 120 02/22/2022 Item WS2. Low- Density Residential o e s ty Main Purpose: Provide areas for agriculture, detached single-family homes on lots typically larger than a traditionally sized lot in Wylie. a \ Secondary Purpose: Provide limited areas and locations1!!laglMt for nonresidential development that directly serves adjacent neighborhoods (e.g., convenience stores, dry cleaners). Local Commercial uses may be appropriate at the intersections of major or secondary thoroughfares. Characteristics: Home developments intended to serve a range of housing needs, from affordable to higher-end _ housing options. Nonresidential uses are limited to arterial ■ roadways. 121 02/22/2022 Item WS2. Medium - Density Residential Main Purpose: Provide areas for detached single-family homes on traditionally sized lots in Wylie. Secondary Purpose: Provide limited areas and locations �* for duplex, townhouses, and nonresidential development that directly serves adjacent neighborhoods (e.g., convenience stores, dry cleaners). Also includes limited nonresidential development as outlined for Low-Density Residential. Characteristics: New construction of traditional single- family neighborhoods. Nonresidential uses are limited to arterial roadways. • 122 02/22/2022 Item WS2. Mixed - Use & Special r Planning Areas .,Main Purpose: Provide areas for coordinated residential , ;,"•' `- t? Y;ra'` and nonresidential uses within a single development or , ; '' ``` . ,, planning area. Multi-family and high-density residential - t:.. , , ,:_ ,. , ,1. maybe appropriate in the context of mixed uses. - _ , k Secondary Purpose: Provide unique destinations for - - . people to visit, shop, dine, work, and live. _- Characteristics: Horizontal or vertical mixture of residential and nonresidential uses. Standalone residential I _ (e.g., multi-family developments) located at mid-block and not major street intersections. . , , , ,..._ _ 1 �__`._ i. ' 1 - - 123 02/22/2022 Item WS2. Downtown -if Main Purpose: Build upon the existing Downtown .a„.d ,� development pattern by encouraging appropriate infill .,11i► ►`� _ ' q and redevelopment of similar uses. VT!. `,' '_ *`'= ' -.itf' SecondaryPurpose: Preserve andpromote Downtown as �'' = -� • p - the cultural center and key economic driver for Wylie. - Characteristics: Mixed-Use development aligned around historic Downtown Wylie and North Ballard Avenue. - l„ Development in this area should improve pedestrian I'"', � . spaces and pedestrian connectivity to surrounding - S neighborhoods to sustain and enhance an enjoyable and vibrant Downtown. 124 02/22/2022 Item WS2. Local Commercial A. Main Purpose: Provide small-scale commercial, retail, and - offices uses that are compatible with and serve adjacent `-_ neighborhoods. I I ..4 _ __ Secondary Purpose: None. -, Characteristics: Single-story nonresidential uses that - often serve as a buffer between neighborhoods and more intense uses ` 111:,:11111111111fr,,, la III ! ■■ f i .t i 125 02/22/2022 Item WS2. RegionalCommercial Main Purpose: Provide areas to allow for a broad range of °' ,d commercial, retail, and office uses oriented toward major roadways. 4 lo i Fro F 1 ia Secondary Purpose: Heavy commercial or light industrial uses may be appropriate depending on compatibility with _ __ _. surrounding uses. ........_ Characteristics: Single- or multi-story nonresidential uses that maximize major roadway frontage and intersection - , traffic and visibility. _. le s t • -4111 ii, . :IN ill 126 02/22/2022 Item WS2. l \ Industrial Main Purpose: Provide areas for light industrial, heavy commercial, office, and flex-space development and related uses. 151 Secondary Purpose: None.Characteristics: These areas contain nonresidential usestignest, of high intensity, typically involving industrial processes, and often located along rail lines and major thoroughfares. � - • `t • • AdtotL 127 02/22/2022 Item WS2. / \ Public/Semi - Public Main Purpose: Designate existing governmental facilities (City, County, etc.), educational facilities, and places of worship. „ s Secondary Purpose: None. - Characteristics: Public facilities should portray a positive �� image of the community, with quality stone/brick materials "' ':i" C)COLLIN rc�ta.r-.r.F . and artistic features when possible, such as the City - - . - Wylie Campus Hall/Public Library facility. ; . . 128 02/22/2022 Item WS2. Parks & OpenSpace Main Purpose: Designate existing and planned parks and open space areas to serve the community. Mind FOR.; • Secondary Purpose: None. � " ' .WILDLIFE t. Characteristics: May be dedicated active recreation, h ., � , .� passive open s ace, or flood lain. • �,-:�` -' ' .M Ste, .�'• r Y1 ,.:. -,... t t 51yt'ilS{�w,", a jo w��Q'v�;, ♦ it ^'1 _ i 141,4_0z *W M.t T'i r ate R • 129 02/22/2022 Item WS2. • *IMX115 a NI' il ! MI 11 r' Ill 411 \ II iN t I...... We* irsagestesssa everlietivrittlrliit 1 1 iii i iiiaja4401 ittellitot441440g .. - ,.. . ,.:: .......,......., ...I., 1 or I..- .1 1 I• r.r. ! ;r ..). • .. ,,,... . iirlii .: • : ! , 7 1 ,, - • . 01 . • 4 - . ..., ,.., . . 1._ 1 4-.• -_, - - 1 .. , ,, a ig. i " , ;.,./1--. •-,- --!f .. _-: -4 111 a. 4..:' . • m hi '.• ' !. ; -' • • . i 1 . -. , • no . . 1 • l 1 . . - I • „ •• a - -- - , 0, a• ...„.„.,. i II el. .. . '3/4i lk ' I in . -- t: . w : .. . Ili . :it:,1 ...::. • '''4). ''''' '.1!' zr*- ' 11 I. '. . 't4f,'i -, , ...1 .-• , r- _ .A•aliillit- FP ' '-it lt' -1; -: .al •Aiilli'-''--.-.*4 — ,.._ _........____ Next Steps 130 02/22/2022 Item WS2. Next Steps 1 . CPAC to review the survey results before the next meeting 2 . March 3 : Next CPAC meeting to discuss survey results and revise the strategies before presenting at the March 31 Open House #2 3 . Open House (Two Options): ❑ Online: March 21 -April 4 ❑ In-Person: Thursday, March 31 , 2022 131 02/22/2022 Item WS2. h I Sc e u e Date Meeting/Event Type Monday,August 19, 2021 CPAC Kickoff In Person Monday, September 13, 2021 CommunityOpen Hose#1 (Virtual Option — Sept.V through Sept. 19t) In Person/Onlinc Tuesday, October 12, 2021 Joint Workshop: Input Review and Goals In Person Thursday, November 11, 2021 CPAC: Housing, Special Planning Areas, Land Use Categories In Person Thursday, January 13, 2021 CPAC: Future Land Use, Transportation In Person Thursday, February 3 17, 2022 CPAC Survey: Detailed Strategies Online Survey Online Tuesday, February 22, 2022 City Council Update In-Person Thursday, March 3, 2022 CPAC: Review and Discuss Detailed Strategies In-Person Thursday, March 31, 2022 Community Open House#2 (Online: March 21-April 4) In-Person/Online Thursday, May 19, 2022 CPAC: Input Review, Finalize Plan (Complete draft plan sent in advance) In-Person Tuesday, June 14, 2022 Joint Workshop In-Person Tuesday, July 26, 2022 Joint Public Hearing In-Person 132 02/22/2022 Item WS2. • .• 5 .... f - : .r... . ...., 4.,f ;"'—i-- c . • '.. .,...c.-.--..r,, ,.. 0 ..i .• ... ... 1. • • . c : -.,,.. •. .. .-.),. • ..;.... , .i • — •., .4* •A ". • ...... • .‘. le. , ...4411111111Prilli , ••• .4 ig, . IV:16. r, 1.;‘• .14 -..-- _ .,• • %- ' i _ . tora. ro".' • , .4, t,. 44.,. • . ,,j • irC:7•:7,- ' .....---' ,• . . , '*-- . . s IF-'''' 3. . , .0"' '1 i • . - 1 --- -%-• ..,- r ' ' '- . ", _.... . ... . 6, - . .-4 I- • if 4'4 .-- it . //7 1 i ' _ •. ' ,i ill .......,___ . _ .01 - . a_ a , PA — - - 1 - ' dINIIIIIT7"1 :4, "9.6 • .4 ... , M41. *Illjrilk4r .-• - .• 1•••••••mal.,- , .1114.1. a •. 4 r• .4. ,..- Questions Comments ? 133 02/22/2022 Item WS2. _ 11111(1II4 - , ' -: !" 0: .- __:.-.7 1 ,` �� "tom --- - - 14 i ij?I'4.4 i i Ir. -1-itti\‘ • , ' _ �� t�~ •�� ' 'ram • `�\ , , .I r 4 _ e ... .•.' . --.:...----- _ 1.....r.' - It,Iiilee . , ‘ ThanYou ! 134