Resolution 2025-24 RESOLUTION NO. 2025-24(R)
A RESOLUTION OF THE CITY OF WYLIE, TEXAS, DECLARING
EXPECTATION TO REIMBURSE EXPENDITURES WITH PROCEEDS OF
FUTURE DEBT.
WHEREAS,the City Council of the City of Wylie,Texas(the"City")intends to issue debt for the
acquisition and installation of fire-fighting equipment and vehicles and 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 therefore(collectively,the"Project") and further intends
to make certain capital expenditures with respect to the Project and currently desires and expects to
reimburse the capital expenditures with proceeds of such debt;
WHEREAS, under Treas. Reg. § 1.150-2 (the "Regulation"), to fund such reimbursement with
proceeds of tax-exempt obligations,the City must declare its expectation to make such reimbursement;and
WHEREAS, the City desires to preserve its ability to reimburse the capital expenditures with
proceeds of tax-exempt obligations.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WYLIE:
SECTION 1. That the City reasonably expects to reimburse capital expenditures with respect to
the Project with proceeds of debt in one or more series hereafter to be incurred by the City, and that this
resolution shall constitute a declaration of official intent under the Regulation. The maximum principal
amount of obligations expected to be issued for the Project is $15,000,000.
SECTION 2. This Resolution shall be in force and effect from and after its passage on the date
shown below.
DULY PASSED AND ADOPTED, by the City Council of the City of Wylie, Texas on this the
28'day of October,2025.
Matthew Porter, Mayor
ATTEST TO:
Stepha ie Storm, City Secretary
Resolution No. 2025-24(R)Reimbursement of Expenditures w/Proceeds of Future Debt Page 1 of 1