Res 168-2009 12/1/2009 RESOLUTION NO. flog - �
Resolution Directing The Publication Of Notice Of Intention To
Issue Combination Tax And Revenue Certificates Of Obligation
THE STATE OF TEXAS '
COUNTY OF WICHITA '
CITY OF WICHITA FALLS '
WHEREAS, the City of Wichita Falls (the "City") deems it advisable to give notice of
intention to issue one or more series of interest bearing Certificates of Obligation, in the
maximum principal amount of $3,985,000, for paying all or a portion of the City's contractual
obligations incurred in connection with: (i) acquiring, and constructing improvements to,
Castaway Cove Water Park for use as a public entertainment facility, (ii) acquiring
approximately 49 acres of land located adjacent to such water park for open space land for
public recreational purposes, for the expansion of the water park and for acquiring and
constructing recreational facilities related thereto, and for future municipal facilities, and (iii)
legal, fiscal, design and engineering fees in connection with such projects; and
WHEREAS, it is hereby officially found and determined that the meeting at which this
Resolution was considered was open to the public, and public notice of the time, place and
purpose of said meeting was given, all as required by Chapter 551, Texas Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WICHITA FALLS, THAT:
1. Attached hereto and marked as Exhibit A is a form of "Notice of Intention to Issue
Combination Tax and Revenue Certificates of Obligation of the City of Wichita Falls, Texas" (the
"Notice") the form and substance of which are hereby adopted and approved, and made a part
of this Resolution for all purposes.
2. The City Clerk shall cause the Notice to be published, in substantially the form
attached hereto, in a newspaper of general circulation in the City of Wichita Falls, on the same
day in each of two consecutive weeks, the date of the first publication to be before the thirtieth
day before the day tentatively proposed for authorizing the issuance of the Certificates of
Obligation as shown in the Notice.
3. This Resolution shall become effective immediately upon its adoption.
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ADOPTED, APPROVED AND EFFECTIVE this
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Mayor, City o Wichita Falls, xas
ATTEST:
City I rk, City of Wichita Falls, Texas
[CITY SEAL]
EXHIBIT A
NOTICE OF INTENTION
TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
OF THE CITY OF WICHITA FALLS
NOTICE IS HEREBY GIVEN that the City Council of the City of Wichita Falls, Texas, at its
meeting to commence at 8:30 a.m. on January 5, 2010, at its regular meeting place in the City
Hall, 1300 7 th Street, Wichita Falls, Texas, tentatively proposes to authorize the issuance of
interest bearing certificates of obligation of the City, in one or more series, in an amount not to
exceed $3,985,000, for the purpose of paying all or a portion of the City's contractual obligations
incurred in connection with: (i) acquiring, and constructing improvements to, Castaway Cove
Water Park for use as a public entertainment facility, (ii) acquiring approximately 49 acres of
land located adjacent to such water park for open space land for public recreational purposes,
for the expansion of the water park and for acquiring and constructing recreational facilities
related thereto, and for future municipal facilities, and (iii) legal, fiscal, design and engineering
fees in connection with such projects. The City proposes to provide for the payment of said
series (one or more) of such certificates of obligation from a pledge of ad valorem taxes levied
and collected in the City as provided by law and from a pledge of limited surplus revenues of the
City's waterworks and sewer system, remaining after payment of all operation and maintenance
expenses thereof, and all debt service, reserve, and other requirements in connection with all of
the City's revenue bonds or other obligations (now or hereafter outstanding), which are payable
from all or any part of the net revenues of the City's waterworks and sewer system. The
Certificates of Obligation are to be issued, and this notice is given, under and pursuant to the
provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter 271.
CITY OF WICHITA FALLS, TEXAS