HomeMy WebLinkAboutResolution - 2017-R0179 - Intent To Issue Electric Light And Power Revenue Bonds - 05/25/2017Resolution No.2017-_RQ179
May 25,2017
ItemNo.fi_y
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]
HOU:3784968.1
Resolution No. 2017- R 179
May 25, 2017
Item No. __6_7
ADOPTED THIS May 25, 2017, by the City Council of the City of Lubbock, Texas.
CITY OF LUBBOCK, TEXAS
DANIEL M. POPE, MAYOR
ATTEST:
Reb cca Garza, City Secretak')
APPROVED AS TO CONTENT:
L MOIL /l.� Q ��X_GiJ l
Linda Cuellar, Executive Director of Finance
APPROVED AS TO FORM:
Q U-1-
Jerry . Kyle, Jr., Bond Counsel
Signature Page for Notice of Intent Resolution
HOU:3784968.1
Resolution No. 2017- u n 1 �a
MINUTES AND CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
COUNTY OF LUBBOCK §
CITY OF LUBBOCK §
On May 25, 2017, 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
Latrelle Joy, Mayor Pro Tem
W. Jarrett Atkinson, City Manager
Linda Cuellar, Executive Director of Finance
Rebecca Garza, City Secretary
Juan A. Chadis
Shelia Patterson Harris
Jeff Griffith
Karen Gibson
Steve Massengale
Members of
the Council
and all of said persons were present, 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: 2 NOES: o ABSTENTIONS: ()
HOU:3785006.1
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 day,
May 25, 2017. _
Reb cca Garza, City Secretary
Cit f Lubbock, Texas
[SEAL]
HOU:3785006.1
Resolution No. 2017- go 1 9
Exhibit A
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS
NOTICE IS HEREBY GIVEN that on July 27, 2017, 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 $18,500,000 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 25, 2017.
A-1
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