R-2013-101-2013-06-24RESOLUTION NO. R2013-101
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION, IN AN AGGREGATE
PRINCIPAL AMOUNT NOT TO EXCEED $3,000,000, FOR THE
ACQUISITION, CONSTRUCTION AND IMPROVEMENT OF CERTAIN
PUBLIC WORKS, AUTHORIZING DISTRIBUTION OF A PRELIMINARY
OFFICIAL STATEMENT RELATING TO SUCH SERIES OF CERTIFICATES
AND AUTHORIZING CERTAIN OTHER MATTERS RELATING THERETO
STATE OF TEXAS
COUNTIES OF BRAZORIA AND HARRIS
CITY OF PEARLAND
WHEREAS, the City Council (the "City Council") of the City of Pearland, Texas (the
"City"), is authorized to issue certificates of obligation to pay contractual obligations to be
incurred for the construction of public works, for the purchase of materials, supplies, equipment,
machinery, buildings, land and rights-of-way for authorized needs and purposes, and for the
payment of contractual obligations for professional services pursuant to Subchapter C of Chapter
271, Texas Local Government Code, as amended;
WHEREAS, the City Council has determined that it is in the best interests of the City and
otherwise desirable to issue the City of Pearland, Texas Certificates of Obligation, Series 2013 in
an aggregate principal amount not to exceed $3,000,000 (the "Certificates") for the design,
engineering, acquisition and construction of certain public works and the purchase of certain
equipment for authorized needs and purposes;
WHEREAS, in connection with the Certificates, the City Council intends to publish
notices of intent to issue the Certificates (the "Notice") in a newspaper of general circulation in
the City; and
WHEREAS, the City Council has been presented with and has examined the proposed
forms of Notice and finds that the forms and substance thereof are satisfactory, and that the
recitals and findings contained therein are true, correct and complete.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS:
Section 1. Preamble. The facts and recitations contained in the preamble of this
Resolution are hereby found and declared to be true and correct.
Section 2. Authorization of Notice. The City Secretary is hereby authorized and
directed to execute and deliver the Notice set forth in Exhibit A hereto and to publish such
Notice on behalf of the City once a week for two (2) consecutive weeks in a newspaper which is
of general circulation in the City, the date of the first publication of the Notice to be at least
HOU:3324962.2
RESOLUTION NO. R2013-101
thirty-one (31) days before the date tentatively set in the Notice for the passage of the ordinances
authorizing the issuance of the each series of the Certificates.
Section 3. Engagement of Professionals. This City Council hereby approves the
engagement of Andrews Kurth LLP, as bond counsel ("Bond Counsel") in connection with the
issuance of the Certificates.
Section 4. Authorization of Other Matters Relating Thereto. The Mayor, City
Secretary and other officers and agents of the City are hereby authorized and directed to do any
and all things necessary or desirable to carry out the provisions of this Resolution.
Section 5. Effective Date. This Resolution shall take effect immediately upon
passage.
Section 6. Public Meeting. It is officially found, determined and declared that the
meeting at which this Resolution is adopted was open to the public and public notice of the time,
place and subject matter of the public business to be considered at such meeting, including this
Resolution, was given all as required by the Texas Government Code, Chapter 551, as amended.
Section 7. Declaration of Emergency. It is hereby officially found and determined
that a case of emergency and urgent public necessity exists that requires that this Resolution be
passed finally and take effect immediately on the date of its introduction, such emergency and
urgent public necessity being that the proceeds from the sale of the Certificates are required as
soon as possible and without delay for the purposes set forth herein.
[signature page follows]
PASSED AND APPROVED this 24th
(SEAL)
ATTEST:
NG LOF
CP SEC'-'TARY
CITY OF PEARLAND, TEXAS
HOU:3324962.2
y of June, 2013.
GREG HILL
MAYOR PRO -TEM
CITY OF PEARLAND, TEXAS
o�p,RG, 41%.
2
RESOLUTION NO. R2013-101
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CERTIFICATES
NOTICE IS HEREBY GIVEN that the City Council of the City of Pearland, Texas (the
"City") will meet at its regular meeting place at City Hall, Pearland, Texas at 7:30 p.m. on the
12nd day of August, 2011, which is the time and place tentatively set for the passage of an
ordinance and such other action as may be deemed necessary to authorize the issuance of the
City's certificates of obligation, payable from ad valorem taxation and a limited (in an amount
not to exceed $10,000) subordinate pledge of certain revenues of the water and sewer system of
the City, in the maximum aggregate principal amount of $3,000,000, bearing interest at any rate
or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be
determined within the discretion of the City Council at the time of issuance and maturing over a
period of years not to exceed forty (40) years from the date thereof, for the purpose of evidencing
the indebtedness of the City to pay all or any part of the contractual obligations to be incurred for
the construction of public works and the purchase of materials, supplies, equipment, machinery,
buildings, land and rights-of-way for authorized needs and purposes and for the payment of
contractual obligations for professional services, to wit (i) the construction of hike and bike trails
within the City; (ii) upgrades to the City's traffic communication system; (iii) design and
construction of a new fire station at Yost Road and FM 518; (iv) construction of an
administrative building on Veterans Drive for fire and emergency services; (v) improvements to
and equipment of the Westside Library; and (vi) professional services rendered in connection
with the above listed projects.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 24h day of
June, 2013.
HOU:3324962.2
Sec�ry
y of ' arland, Texas