Resolution 2007-10 RESOLUTION NO. 2007-10 R
A RESOLUTION OF THE CITY OF WYLIE, TEXAS APPROVING
AND AUTHORIZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION.
WHEREAS, the City Council of the City of Wylie, Texas, has determined that
certificates of obligation should be issued under and pursuant to the provisions of V.T.C.A.,
Local Government Code, Subchapter C of Chapter 271 (the "Act"), for the purpose of paying
contractual obligations to be incurred for the construction of public works, to wit: improvements
and extensions to the City's combined Waterworks and Sewer System, and to pay contractual
obligations for professional services rendered in relation to such projects and the financing
thereof; and
WHEREAS, prior to the issuance of such certificates, the City Council is required to
publish notice of its intention to issue the same in accordance with the provisions of the Act;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS:
SECTION 1: The City Secretary is hereby authorized and directed to cause notice to be
published of the Council's intention to issue certificates of obligation in one or more series
during a meeting scheduled to begin at 6:00 o'clock P.M. on the 27th day of March, 2007, which
certificates of obligation shall be issued in a principal amount not to exceed $7,750,000 for the
purpose of paying contractual obligations to be incurred for the construction of public works, to
wit: improvements and extensions to the City's combined Waterworks and Sewer System, and to
pay contractual obligations for professional services rendered in relation to such projects and the
financing thereof; and shall be payable from ad valorem taaces and a limited pledge of the net
revenues of the City's combined Waterworks and Sewer System. The notice hereby approved
and authorized to be published shall read substantially in the form and content of Exhibit A
hereto attached and incorporated herein by reference as a part of this Resolution for all purposes.
SECTION 2: The City Secretary shall cause the aforesaid notice to be published in a
newspaper of general circulation in the City, once a week for two consecutive weeks, the date of
the first publication to be at least fifteen (15) days prior to the date stated therein for the passage
of the ordinance authorizing the issuance of the certificates of obligation.
SECTION 3: It is officially found, determined, and declared that the meeting at which
this Resolution 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 Resolution, was
given, all as required by V.T.C.A., Government Code, Chapter 551, as amended.
Resolution No. 2007-10(R)
Publication and Norice of Intent
To Issue Certifications of Obligation
SECTION 4: 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, this
27th date of February 2007.
~~~lur ~,i,i~i Mayor
:~~~`~~y F~ ~y~':
ATTEST: V: ~ ,
; ;
~ _
= ~ ~ _
_ ; ~i`_~ ;
. =
, ;
,
Carole Erhlich, ecretary %
~Ly°'••m....~••'~~
.
~ ~E i ~
e ~X
Resolution No. 2007-10(R)
Publication and Notice of Intent
To Issue Certifications of Obligation
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF WYLIE, TEXAS CERTIFICATES OF
OBLIGATION
TAKE NOTICE that the City Council of the City of Wylie, Texas, shall convene at 6:00
o'clock P.M. on the 27`h day of March, 2007, at the Wylie Municipal Complex, 2000 State
Highway 78 North, Wylie Texas, and, during such meeting, the City Council will consider the
passage of an ordinance authorizing the issuance of certificates of obligation in one or more
series in an amount not to exceed $7,750,000 for the purpose of paying contractual obligations to
be incurred for the construction of public works, to wit: improvements and extensions to the
City's combined Waterworks and Sewer System, and to pay contractual obligations for
professional services rendered in relation to such projects and the financing thereof; such
w,.r, certificates to be payable from ad valorem taxes and a limited pledge of the net revenues of the
City's combined Waterworks and Sewer System. The certificates are to be issued, and this
notice is given, under and pursuant to the provisions of V.T.C.A., Local Government Code,
Subchapter C of Chapter 271.
Carole Ehrlich
City Secretary
City of Wylie, Texas
Resolution No. 2007-10(R)
Publicarion and Notice of Intent
To Issue Certifications of Obligation
C~ty of'~VYlic
General Obligation Refunding Bonds, Series 2007
Combination Tax and Revenue Certificates of Obligation, Series 2007
Feb-07 Mar-07 Apr-07 May-07
S M~` T W T F S S M T W T F S S M T W T F S S M T W T F S
'~l'~..2 3 1 2 3 1'~~2 3~;4~;5 6 7 ~ ll2 3 4 5
4 5 6 7~'i 9 10 4 5 6~, 7 8 9 10 8~', 9 10 ~ l l j t 2 13 14 6 ~ 7 8 9 10 I l 12
11 12 13 14~15116 17 Il 12 13~14 15 16
17 15'16 17 18~19 20 21 13114 15 16 17 IS 19
18 19 20 21 ~ 22 23 24 18 19 20 , 21 22 23 24 22 ~I 23 24 , 25 ~ 26 27 28 20 I 21 22 23 24 25 26
25 26 27 28 25 26 27 , 28 29 30 ~ 31 29' 30 27' 28 29 30 31
j I ~I i I I ~
Complete
By Day Event
14-Feb-07 Wednesday Begin preparation of Official Statemen
21-Feb-07 Wednesday Initial Draft of Official Statement distributed to City and t
Bond Counsel for reviev~
27-Feb-07 Tuesday Council passes resolution authorizing Notice of Intent
Publication for Certificates of Obligation
7-Mar-07 Wednesday Receive Official Statement information from City
TBD First Publication of Notice of Intent to Issue Certificate
no later than March 10, 2007
8-Mar-07 Thursday Provide draft of Preliminary Official Statement to credit rating
agencies and insurance companies for review
TBD Second Publication of Notice of Intent to Issue Certificates
(same day of the week following 1 st publication)
16-Mar-07 Friday Finalize Preliminary Official Statement
Distribute Preliminary Official Statement electronically
through i-Deal Prospectus to Underwriters
21-Mar-07 Wednesday Receive credit ratings and insurance bids
26-Mar-07 Monday Pricing and verbal award to Underwriters
27-Mar-07 Tuesday City Adopts Ordinances and Awards Bonds and
Certificates to Underwriters
" 2-Apr-07 Monday Prepare and distribute Final Official Statement
9-May-07 Wednesday Closing and delivery of funds
First Southwest Campany