Resolution 2017-10 RESOLUTION NO. 2017-10(R)
A RESOLUTION OF THE CITY COUNCIL 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 Texas Local
Government Code, Subchapter C of Chapter 271, as amended, for the purpose of paying
contractual obligations to be incurred for(i) improving and extending the City's Waterworks and
Sewer System and (ii) professional services rendered in connection with such project 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 a newspaper of general circulation in the City,
said notice stating (i) the time and place the Council tentatively proposes to pass the ordinance
authorizing the issuance of the certificates, (ii) the maximum amount proposed to be issued,
(iii)the purposes for which the certificates are to be issued and (iv) the manner in which the
Council
oses ro to pay the certificates; now,therefore,
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WYLIE:
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 a principal amount not
to exceed the amount set forth in Exhibit A attached hereto for the purpose of paying contractual
obligations to be incurred for (i) improving and extending the City's Waterworks and Sewer
System and (ii) professional services rendered in connection with such project and the financing
thereof, and such certificates shall be payable from ad valorem taxes 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 thirty-one (31) 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 Texas Government Code, Chapter 551,as amended.
SECTION 4: This Resolution shall be in force and effect from and after its passage on
the date shown below.
28097087.2/11700928
Resolution No.2017-10(R)
Approving and Authorizing Publication of Notice of Intention to Issue Certificates of Obligation.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas on
this the 28th day of March, 2017
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ATTEST TO:
ERIC HOGUE, , .
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C AV OLE EH' 61" H, City Secretary i ,.' Tsp
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28097087.2/11700928 s-1
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 May 9, 2017, at the Wylie Municipal Complex Council Chambers, 300 Country
Club Road, Building 100, Wylie Texas, and, during such meeting, the City Council will consider
the passage of one or more ordinances authorizing the issuance of certificates of obligation, in
one or more series, in a principal amount not to exceed $7,500,000 for the purpose of paying
contractual obligations to be incurred for(i) improving and extending the City's Waterworks and
Sewer System and (ii) professional services rendered in connection with such project and the
financing thereof, and such certificates shall 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
Texas Local Government Code, Subchapter C of Chapter 271, as amended.
The proposed certificates of obligation will be issued without further notice and without
approval of the voters of the city unless a sufficient petition, signed by at least five percent of the
qualified voters of the city, protesting the issuance of the certificates of obligation is filed with
the city secretary, within 30 days from the first publication of this notice, prior to consideration
of this matter by the Wylie City Council at the above time and date. In the event of the timely
filing of a sufficient petition the city council may not authorize issuance of the certificates of
obligation unless the issuance is first approved at an election.
Carole Ehrlich
City Secretary
City of Wylie, Texas
28097087.2/11700928 A-1