HomeMy WebLinkAboutResolution - 2024-R0477 - Water And Wastewater System Revenue Bonds - 10/08/2024MINUTES 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 8th day of October, 2024.
City S retary
City of Lubbock, Texas
[SEAL]
Signature Page
Certificate for Notice of Intent Resolution
Water and Wastewater System Revenue Bonds
4156-2483-1571 I
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS WATER AND
WASTEWATER SYSTEM REVENUE BONDS
VV�3EREAS, the City of Lubbock, Texas (the "City"), pursuant to Chapter 1502, Texas
Government Code, as amended, is authorized to issue its water and wastewater system revenue
bonds (the "Bonds") for the purposes set forth in Exhibit A hereto; and
W��EREAS, the City Council of the City has found and determined that a notice of
intention to issue the Bonds should be published in accordance with the requirements of the City's
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 Bonds, in substantially the form set forth in Exhibit A hereto (the
"Bond Notice") incorporated herein by reference for all purposes. The Bond Notice shall be
published once a week for a period of thirty (30) days prior to the date set forth in the Bond Notice
for passage of the ordinance authorizing the Bonds. Such Bond Notice shall be published in a
newspaper of general circulation in the area of the City.
Section 3. The Mayor, the City Manager, the Chief Financial Officer, the City
Secretary and other offcers and agents of the City are hereby authorized and directed to do any
and all things necessary or desirable to carry out the provisions of this resolution. The Mayor is
authorized to determine or revise (and insert in the Bond Notice prior to publication) the maximum
principal amount of Bonds to appear in the Bond Notice and the date and time of the meeting at
which such ordinance referenced in the Bond Notice will be considered.
Section 4. This resolution shall take effect from and after the date of its passage.
CRemainder of this page intentionally left blank.J
4144-8363-3235.4
ADOPTED THIS 8`h day of October 2024, by the City Council of the City of Lubbock,
Texas.
CITY F LUBBOCK, TEXAS
.�
MARK MCBRAYER, May r
ATTEST:
C RTNEY PAZ, City Secretary
. • � • �]�/�1�7:�yIC�ZK�)�11d��I11�
CHERYL BROCK, Interim Chief Financial Officer
APPROVED AS TO FORM:
�
JERRY V. LE, JR., Bond Counsel
Signature Page for Notice of Intent Resolution
4144-8363-3235.4
Resolution No. 2024-R
Exhibit A�
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
WATER AND WASTEWATER SYSTEM R�VENUE BONDS
NOTICE IS HEI�H BY GIVEN that on December 3, 2024, at 2:00 p.m. at a regular meeting
of the City Council of the City of Lubbock, Texas (the "City"), to be held in the City Council
Chambers at 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
not to exceed $66,000,000 total principal amount of water and wastewater system revenue bonds,
in one or more series (collectively, the "Bonds"), for the following purposes, to wit: (i) paying the
costs of acquiring, purchasing, constructing, improving, renovating, enlarging and equipping
property, buildings, structures, facilities and related infrastructure for the Water and Wastewater
System, (ii) funding capitalized interest for the Bonds, if necessary, (iii) funding the reserve fund
requirement for the Bonds, if necessary, and (iv) paying the costs of issuing the Bonds. A complete
description of the Bonds may be obtained from the Finance Department, City of Lubbock, 1314
Avenue K, Lubbock, Texas 79457; or from R�3C Capital Markets, LLC, 200 Crescent Court, Suite
1500, Dallas Texas, 75201, Financial Advisors 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 October 8, 2024.
Prior to publication, the Mayor may detennine or reyise the maximum principal amount of Bonds to appear in
the Bond Notice and the date and time of the meeting at which the ordinance referenced in the Bond Notice will
be considered.
A-1
4144-8363-3235.4