HomeMy WebLinkAboutResolution - 2007-R0175 - Intent To Reimburse Self For Costs. - 04/26/2007Resolution No. 2007-80175
April 26, 2007
Item No. 5.9
RESOLUTION EXPRESSING INTENT TO
FINANCE EXPENDITURES TO BE INCURRED
WHEREAS, the City of Lubbock, Texas (the "Issuer") is a political subdivision of the
State of Texas authorized to finance its activities by issuing public securities;
WHEREAS, the Issuer will make, or has made, payments with respect to the acquisition,
construction, reconstruction or renovation of the property listed on Exhibit A attached hereto,
WHEREAS, the Issuer has concluded that it does not currently desire to issue public
securities to finance the costs associated with the property listed on Exhibit A attached hereto;
and
WHEREAS, the Issuer desires to reimburse itself for the costs associated with the
property listed on Exhibit A attached hereto from the proceeds of public securities to be issued
subsequent to the date hereof.
NOW, THEREFORE, be it resolved that:
The Issuer reasonably expects to reimburse itself for costs that have been prior to the date
hereof or that will be paid subsequent to the date hereof and that are to be paid in connection
with the acquisition, construction, reconstruction or renovation of the property listed on
Exhibit A attached hereto from the proceeds of public securities to be issued subsequent to the
date hereof.
LUB200/ 1
Dallas Conference Center Reimbursement -1
ADOPTED THIS 26th day of April , 2007, by the City Council of the City of Lubbock,
Texas.
ATTEST:
Ci Secretary, City of Lubbock, -texas
LUB200/1
Dallas Conference Center Reimbursement -1
CITY OF LUBBOCK, TEXAS
Mayor, City of Lubbock, Texas
-2-
Conference/Civic Center improvements.
LUB200/1
Dallas Conference Center Reimbursement -1
EXHIBIT A
FEW
Resolution No. 2007-RO175