HomeMy WebLinkAboutResolution - 2022-R0287 - Electric Light and Power System Revenue Bonds - LP&LMINUTES AND CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
COUNTY OF LUBBOCK §
CITY OF LUBBOCK §
On the 28th day of June, 2022, the City Council of the City of Lubbock, Texas, convened
in a regular meeting at the regular meeting place thereof, the meeting being open to the public and
notice of said meeting, giving the date, place and subject thereof, having been posted as prescribed
by Chapter 551, Texas Government Code, as amended; and the roll was called of the duly
constituted officers and members of the City Council, which officers and members are as follows:
Daniel M. Pope, Mayor
Steve Massengale, Mayor Pro Tern
Juan A. Chadis )
Shelia Patterson Harris ) Members of
Jeff Griffith ) the Council
Randy Christian )
Latrelle Joy )
and all of said persons were present, except NSA , thus constituting a
quorum. Whereupon, among other business, a written Resolution bearing the following caption
was introduced:
A RESOLUTION AUTHORIZING PUBLICATION OF A
NOTICE OF INTENTION TO ISSUE ELECTRIC LIGHT AND
POWER SYSTEM REVENUE BONDS
The Resolution, a full, true and correct copy of which is attached hereto, was read and
reviewed by the City Council. Thereupon, it was duly moved and seconded that the Resolution be
passed and adopted.
The Presiding Officer put the motion to a vote of the members of the City Council, and the
Resolution was passed and adopted by the following vote:
AYES: 7 NOES: 0 ABSTENTIONS: 0
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT, and to
correctly reflect the duly constituted officers and members of the City Council of said City, and
the attached and following copy of said Resolution is hereby certified to be a true and correct copy
of an official copy thereof on file among the official records of the City, all on this the 28th day of
June, 2022.
4137-4457-6313.1
- �Q�
City Secretary
City of Lubbock, Texas
[SEAL]
4137-4457-6313.1
Resolution No. 2022- R0287
June 28, 2022
Item No. 5.10
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") for the purposes 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]
4135-5503-0839.1
Resolution No. 2022- R0287
June 28, 2022
Item No. 5.10
ADOPTED THIS June 28, 2022, by the City Council of the City of Lubbock, Texas.
CITY OF LUBBOCK, TEXAS
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ATTEST:
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Reb ca Garza, City Sec"
APPROVED AS TO CONTENT:
VN.Y<a�:C
D. u Ko elich, Chief Financial Officer
APPROVED AS TO FORM:
Jerry V-yle, Jr., Bond Counsel
Signature Page for Notice of Intent Resolution
4135-5503-0839 1
Resolution No. 2022- R0287
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, 2022, at 2:00 p.m., or after, at a regular
meeting of the City Council of the City of Lubbock, Texas, to be held in the City Council Chambers
at the Citizens Tower, 1314 Avenue K, 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 $160,000,000 total principal amount to (i) acquire, purchase, construct, improve,
renovate, enlarge, and/or equip property, buildings, structures, facilities, and/or related
infrastructure for Lubbock Power & Light, and (ii) refund certain obligations of 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 June 28, 2022.
A-1
4135-5503-0839.1