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2023-05-06 - ELECTION RECORDS - R2023-125 4164-6315-8087.1 RESOLUTION NO. R2023-125 A Resolution of the City Council of the City of Pearland, Texas, canvassing returns and declaring results of the May 6, 2023 bond election. WHEREAS, on May 6, 2023, there was held within and throughout the territory of the City of Pearland, Texas (the “City”) an election (the “Election”) at which there was submitted to the resident, qualified electors of the City the following propositions, to-wit: PROPOSITION “A” Shall the City Council of the City of Pearland, Texas be authorized to issue general obligation bonds of the City in the principal amount of $105,500,000 for permanent public improvements and public purposes, to wit: 1) purchasing, acquiring, enlarging, extending, equipping and constructing drainage improvements and facilities at various locations within the City, including acquiring lands and rights-of-way for any such purposes, 2) purchase of equipment and support facilities in connection with drainage improvements and facilities, 3) engineering and related studies in connection with drainage problems in the City and 4) all matters necessary or incident related thereto; such bonds to mature serially or otherwise over a period not to exceed forty (40) years from their date, to be issued and sold in one or more series at any price or prices and to bear interest at any rate or rates (fixed, floating, variable or otherwise) as shall be determined within the discretion of the City Council at the time of issuance or sale of the bonds; and whether ad valorem taxes shall be levied upon all taxable property in the City sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity? WHEREAS, the tabulation of the results of Proposition A was as follows: 3,290 Votes For 1,760 Votes Against PROPOSITION “B” Shall the City Council of the City of Pearland, Texas be authorized to issue general obligation bonds of the City in the principal amount of $26,146,000 for permanent public improvements and public purposes, to wit: 1) purchasing and otherwise acquiring land for and constructing, repairing and improving streets, bridges and sidewalks of the City, 2) purchase of equipment and support facilities in connection with street, bridge and sidewalk improvements, 3) engineering and related studies in connection with street, bridge and sidewalk improvements in the City and 4) all matters necessary or incident related thereto; such bonds to mature serially or otherwise over a period not to exceed forty (40) years from their date, to be issued and sold in one or more series at any price or prices and to bear interest at any rate or rates (fixed, floating, variable or otherwise) as shall be determined within the discretion of the City Council at the time of issuance or sale of the bonds; and whether ad valorem taxes shall be levied upon all taxable property in the City sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity? DocuSign Envelope ID: 5DCD4D96-24A1-4D97-9C3D-40BBEDAF9E22 RESOLUTION NO. R2023-125 2 4164-6315-8087.1 WHEREAS, the tabulation of the results of Proposition B was as follows: 3,234 Votes For 1,803 Votes Against PROPOSITION “C” Shall the City Council of the City of Pearland, Texas be authorized to issue general obligation bonds of the City in the principal amount of $33,705,000 for permanent public improvements and public purposes, to wit: 1) purchasing, acquiring, constructing, repairing, improving facilities and equipment for park and recreation purposes and 2) all matters necessary or incident related thereto; such bonds to mature serially or otherwise over a period not to exceed forty (40) years from their date, to be issued and sold in one or more series at any price or prices and to bear interest at any rate or rates (fixed, floating, variable or otherwise) as shall be determined within the discretion of the City Council at the time of issuance or sale of the bonds; and whether ad valorem taxes shall be levied upon all taxable property in the City sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity? WHEREAS, the tabulation of the results of Proposition C was as follows: 2,580 Votes For 2,446 Votes Against PROPOSITION “D” Shall the City Council of the City of Pearland, Texas be authorized to issue general obligation bonds of the City in the principal amount of $15,959,000 for permanent public improvements and public purposes, to wit: 1) constructing, repairing, and improving Fire Station No. 7 , 2) engineering and related studies in connection with fire facilities and improvements and 3) all matters necessary or incident related thereto; such bonds to mature serially or otherwise over a period not to exceed forty (40) years from their date, to be issued and sold in one or more series at any price or prices and to bear interest at any rate or rates (fixed, floating, variable or otherwise) as shall be determined within the discretion of the City Council at the time of issuance or sale of the bonds; and whether ad valorem taxes shall be levied upon all taxable property in the City sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity? WHEREAS, the tabulation of the results of Proposition D was as follows: 3,135 Votes For 1,881 Votes Against DocuSign Envelope ID: 5DCD4D96-24A1-4D97-9C3D-40BBEDAF9E22 RESOLUTION NO. R2023-125 3 4164-6315-8087.1 IT IS, THEREFORE, RESOLVED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS THAT: Section 1. Election Results. The Election was duly called and notice thereof given in accordance with law; the Election was held in the manner required by law; only resident, qualified electors of the City voted at the Election; a written return of the election results was made to the City in accordance with the Election Code; and a majority of the resident, qualified electors of the City voting in the Election, including absentee voting, voted 135 Proposition A, 136 Proposition B, 132 Proposition C, 134 and Proposition D. Section 2. Tabulation of Votes. The official returns shall be delivered to the City Secretary, who is hereby directed to enter in the Election register the tabulation of the votes cast for and against the Propositions and to pre serve such tabulations as required by law. Section 3. Notice of Meeting . It is hereby found, determined and declared that a sufficient written notice of the date, hour, place and subject of the meeting of the City Council at which this Resolution was adop ted was posted at a place convenient and readily accessible at all times to the general public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and that this mee ting has been open to the public as required by law at all times during which this Resolution and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. Section 4. Effective Date. This Resolution is effective immediately upon its passage and approval. [The remainder of this page intentionally left blank.] DocuSign Envelope ID: 5DCD4D96-24A1-4D97-9C3D-40BBEDAF9E22 RESOLUTION NO. R2023-125 4 4164-6315-8087.1 PASSED, APPROVED and ADOPTED this the 15th day of May , A.D., 2023. ________________________________ J. KEVIN COLE MAYOR ATTEST: ________________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY APPROVED AS TO FORM: ________________________________ DARRIN M. COKER CITY ATTORNEY DocuSign Envelope ID: 5DCD4D96-24A1-4D97-9C3D-40BBEDAF9E22