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Resolution - 3907 - Declare Expectation To Reimburse Expenditures W_Procceds Of Future Debt - PH - 06_11_1992
Resolution No. 3907 June 11, 1992 Item #19 CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS $ S COUNTY OF LUBBOCK $ S CITY OF LUBBOCK S I, the undersigned, City Secretary of the City of Lubbock, Texas, DO HEREBY CERTIFY as follows: 1. That on the llth day of June, 1992, the City Council of the City of Lubbock, Texas, convened in regular session at its regular meeting place in the City Hall of said City; the duly constituted members of the Council being as follows: DAVID R. LANGSTON MAYOR T. J. PATTERSON MAYOR PRO TEM MAX INCE COUNCIL4EMBER ALEX "TV COOKE COUNCILMEMBER MAGGIE TREJO COUNCILMEMBER M.J. ADERTON COUNCIL4EKBER RANDY NEUGEBAUER COUNCILMEMBER all of said persons were present at said meeting, except the following: NONE Among other business considered at said meeting, the attached resolution entitled: A RESOLUTION declaring expectation to reimburse expenditures with proceeds of future debt. was introduced and submitted to the Council for passage and adoption. After presentation and due consideration of the resolution, and upon a motion made by Councilmember Randy Neueebauer and seconded by Councilmember Maggie Trejo the resolution was finally passed and adopted by the Council by the following vote: 7 voted "For" 0 voted "Against" 0 abstained all as shown in the official Minutes of the Council for the meeting held on the aforesaid date. 2. That the attached resolution is a true and correct copy of the original on file in the official records of the City; the duly qualified and acting members of the City Council of the City on the date of the aforesaid meeting are those persons shown above and, according to the records of my office, each member of the Council was given actual notice of time, place and purpose of the meeting and had actual notice that the matter would be considered; and that said meeting, and deliberation of the aforesaid public business, was open to the public and written notice of said meeting, including the subject of the entitled resolution, was posted and given in advance thereof in compliance with the provisions of Article 6252-17, Section 3A, V.A.T.C.S. IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the seal of said City, this the 11th day of June, 1992. City Secretary Ranette a Cit of Lubbock, Texas (City Seal) f 21007 - 2 Item #19 A RESOLUTION DECLARING EXPECTATION TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT STATE OF TEXAS S S COUNTY OF LUBBOCK S WHEREAS, the City of Lubbock, Texas (the "Issuer") intends to make capital expenditures for a 550-bed psychiatric hospital for the Texas Department of Corrections (the "Expenditures") and currently desires and expects to reimburse the Expenditures with proceeds of debt to be incurred hereafter for such purpose; WHEREAS, under Treas. Reg. S 1.103-18 (the "Regulation"), to fund such reimbursement with proceeds of tax --exempt obligations the Issuer must declare its expectation ultimately to make such reimbursement before making the Expenditures; and WHEREAS, the Issuer desires to preserve its ability to reimburse the Expenditures with proceeds of tax-exempt obligations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS, that the Issuer reasonably expects to reimburse the Expenditures with proceeds of debt hereafter to be incurred by the Issuer in a principal amount which the Issuer expects will not exceed $2,600,000 and that this resolution shall constitute a declaration of official intent under the Regulation. PASSED AND APPROVED, t4(is llth 4y qf---=ne, 1992. 01 Mayor DAVID R. LANGSTON Y EST: Y i 1 Y ,Git� Secretary RANETT B YD t (City, Seal) 21004 ,. % USE TMS AIMLL FOA 9WWENTS MTNIN THE MMTIMENTAL US A_ ALASM AND MOM. USE THE I#TV MW,4l AMR egYWLL FOR AIIPWA7S TO PVERTO WO AND ALL NON U.S. LOG n NS. OUEST10NS7 CALL M-236-5355 TOLL FREE 2100344002 'S MEW O"M AMW "I ; Osm 'Q7 2-9 4'` 1.0ilii►12 ----AIRBILL PACKAGE �2ao344Qo TRACKING NUMBER - SENDER'S COPY Frain (Voss Nerve) Please Prinl...1. : •{�f�_ t You P �VerL�mpgriant) To (Reectppientt''s.Name) Please PriM� .. 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