Res 159-2008 11/4/2008 s �
RESOLUTION N0. 2008
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 $10,850,000, for paying all or a portion of the City's contractual obligations incurred in
connection with: (i) constructing, acquiring and improving public park and recreational facilities
including the City's hike and bike trails and the purchase of land for a City park; (ii) constructing and
equipping additions and improvements to the existing police firing range; (iii) constructing, furnishing
and equipping an animal impoundment and reclaim center, including related water, sewer and other
public utilities improvements, constructing street improvements, and acquiring land and interest in land
for such projects as necessary therefor; and (iv) 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.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA
FALLS:
1. That 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. That 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. That this Resolution shall become effective immediately upon its adoption.
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ADOPTED, APPROVED AND EFFECTIVE this November 4, 2008.
ATTEST: Mayor, City of Wichita Falls, xas
City e, City of Wichita Falls, Texas
[CITY SEAL]
c � ��
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 20, 2009, at its regular meeting place in the City Hall, 1300
7 Street, Wichita Falls, Texas, tentatively proposes to autharize the issuance of interest bearing
certificates of obligation of the City, in one or more series, in an amount not to exceed $10,850,000, for
the purpose of paying all or a portion of the City's contractual obligations incurred in connection with (i)
constructing, acquiring and improving public park and recreational facilities including the City's hike and
bike trails and the purchase of land for a City park; (ii) constructing and equipping additions and
improvements to the existing police firing range; (iii) constructing, furnishing and equipping an animal
impoundment and reclaim center, including related water, sewer and other public utilities improvements,
constructing street improvements, and acquiring land and interest in land for such projects as necessary
therefor; and (iv) 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