HomeMy WebLinkAboutResolution - 2018-R0170 - LP&L - Notice Of Intent To Issue Bonds - 05/10/2018Resolution No. 2018- Rol 0
May 10, 2018
Item No. jg
A RESOLUTION AUTHORIZING PUBLICATION OF A NOTICE OF
INTENTION TO ISSUE ELECTRIC LIGHT AND POWER SYSTEM
REVENUE BONDS
WHEREAS, the City of Lubbock, Texas (the "City") intends to issue electric light and
power system revenue bonds (the "Revenue Bonds") to fund acquisition, construction,
improvement, renovation, enlarging and/or equipping of property, buildings, structures, facilities,
and/or related infrastructure for Lubbock Power & Light as set forth in Exhibit A hereto; and
WHEREAS, the City Council has found and determined that a notice of intention to issue
the Revenue Bonds should be published in accordance with the provisions of the City Charter;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK, TEXAS, THAT:
Section 1. The findings and determinations set forth in the preambles hereto are hereby
incorporated by reference for all purposes.
Section 2. The City Secretary of the City is hereby authorized and directed to publish
a notice of intention to issue the Revenue Bonds, in substantially the form set forth in Exhibit A
hereto (the "Notice") incorporated herein by reference for all purposes. The Notice shall be
published once a week for a period of thirty (30) days prior to the date set forth in the Notice for
passage of the ordinance authorizing the Revenue Bonds. Such Notice shall be published in a
newspaper of general circulation in the area of the City.
Section 3. This resolution shall take effect from and after the date of its passage.
[Signature page to follow]
4151-6639-5155.1
Resolution No. 2018- R0170
May 10, 2018
Item No. Z8
ADOPTED THIS May 10, 2018, by the City Council of the City of Lubbock, Texas.
CITY OF LUBBOCK, TEXAS
DANIEL M. POPE, MAYOR
ATTEST:
P
Reb t
a Garza, City Secreta y
APPROVED AS TO CONTENT:
D. Blu Kostelich, Chief Financial Officer
APPROVED AS TO FORM:
Jerry . Kyle, Jr., Bond Counsel
Signature Page for Notice of Intent Resolution
4151-6639-5155.1
Resolution No. 2018- R0170
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS
NOTICE IS HEREBY GIVEN that on June 28, 2018, at 5:15 p.m. at a regular meeting of
the City Council of the City of Lubbock, Texas, to be held in the City Council Chambers at the
Municipal Complex, 1625 13th Street, Lubbock, Texas, the regular meeting place of the City
Council, the City Council intends to pass one or more ordinances authorizing the issuance of
electric light and power system revenue bonds, in one or more series, in the maximum amount not
to exceed $110,000,000 total principal amount to acquire, purchase, construct, improve, renovate,
enlarge, and/or equip property, buildings, structures, facilities, and/or related infrastructure for
Lubbock Power & Light. A complete description of the bonds being authorized may be obtained
from the Finance Department, City of Lubbock, P.O. Box 2000, Lubbock, Texas 79457; or from
RBC Capital Markets, 200 Crescent Court, Suite 1500, Dallas, Texas 75201, Financial Advisor to
the City.
THIS NOTICE is given in accordance with law and as directed by the City Council of the
City of Lubbock, Texas on May 10, 2018.
A-1
4151-6639-5155.1