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HomeMy WebLinkAbout2014-0218 Authorizing Notice of Unlimited Tax Bonds, Series 2014CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS § THE COUNTIES OF DENTON AND TARRANT § We, the undersigned members of Trophy Club Municipal Utility District No. 1, hereby certifY as follows: 1. Trophy Club Municipal Utility District No. 1 Board of Directors convened into Regular Session on the 18 1h day of February 14, 2014, at the regular meeting place within the boundaries of the District and the roll was called of the duly constituted officers and members of the Board, to wit: Jim Moss Bill Armstrong Kevin R. Carr Jim Thomas Nick Sanders President Vice President Secretary/Treasurer Director Director And all said persons were present, thus constituting a quorum. Whereupon, among other business, the following was transacted at the meeting: a written RESOLUTION 2014-0218 AUTHORIZING NOTICE OF SALE OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1 UNLIMITED TAX BONDS, SERIES 2014, IN THE PRINCIPAL AMOUNT OF $5,765,000, AND OTHER MATTERS RELATED THERETO was introduced for consideration of the Board and read in full. It was then duly moved and seconded that the Resolution be adopted; and, after due discussion, the motion, carrying with it the adoption of the Resolution, prevailed and carried by the following vote: AYES:5 NOES: J2f_ 2. That a true, full and correct copy of the aforesaid Resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certificate; that the Resolution has been duly recorded in the Board's minutes of the meeting; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the Board as indicated therein; that each of the officers and members of the Board was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose ofthe aforesaid meeting, and that the Resolution would be introduced and considered for adoption at the meeting, and each of the officers and members consented, in advance, to the holding of the meeting for such purpose; that the meeting was open to the public as required by law; and that the public notice of the time, place and subject of the meeting was given as required by V.T.C.A. Government Code, Chapter 551 and Section 49.063, Texas Water Code, as amended. RESOLUTION 2014-0218 AUTHORIZING NOTICE OF SALE OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1 UNLIMITED TAX BONDS, SERIES 2014, IN THE PRINCIPAL AMOUNT OF $5,765,000, AND OTHER MATTERS RELATED THERETO THE STATE OF TEXAS § COUNTIES OF DENTON AND TARRANT § WHEREAS, the Board of Directors of Trophy Club Municipal Utility District No. 1 do hereby authorize the advertising for sale and award of its Trophy Club Municipal Utility District No. 1 Unlimited Tax Bonds, Series 2014, in the principal amount of $5,765,000 (the Bonds) at a public sale on March 6, 2014, all in accordance with Exhibit A, attached hereto as the Notice of Sale; and WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was passed, 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, and Section 49.063 of the Texas Water Code. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1: 1. That in accordance with Section 49.183 of the Texas Water Code, the Board of Directors authorize the sale of the Bonds at a public sale and that due notice of such sale shall be published and advertised all in accordance with Section 49.183 of the Texas Water Code, as provided in Exhibit A attached hereto. 2. That this Resolution shall become effective immediately upon adoption. EXHIBIT A NOTICE OF SALE $5,765,000 TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 (A political subdivision of the State of Texas located in Denton and Tarrant Counties, Texas) UNLIMITED TAX BONDS SERIES 2014 Selling: March 6, 2014 Bids due 11:00 a.m. C.S.T. Place and Time of Award: The District will consider the award of the sale ofthe Bonds on March 6, 2014 at 6:00 P.M., C.S.T., at the designated meeting place inside the boundaries of the District, at the District Office, 100 Municipal Drive, Trophy Club, Texas 76262. Action will be taken immediately by the Board of Directors of the District to accept or reject the best bid. Each bidder must deliver a bank Cashier's Check in the amount of$115,300.00, payable to the order of Trophy Club Municipal Utility District No. 1, as a good faith deposit to the District's Financial Advisor, Dan Almon, Southwest Securities, 1201 Elm St., Suite 3500, Dallas, Texas 75270, by 11:00 A.M., C.S.T. on the date of the sale. Address of the Bids Delivered in Person: Sealed written bids, plainly marked Bid for Bonds should be addressed to the Board of Directors of Trophy Club Municipal Utility District No. 1, and delivered to Dan Almon, Southwest Securities, 1201 Elm St., Suite 3500, Dallas, Texas 75270, by 11:00 A.M., C.S.T. on March 6, 2014. All bids must be signed and submitted on the Official Bid Form. Electronic Bidding Procedures: Any prospective bidder that intends to submit an electronic bid must submit its electronic bid through the facilities ofthe Ipreo Holdings LLC, PARITY System by 11:00 A.M., C.S.T., on March 6, 2014 as described in the Official Notice of Sale@ described below. Information: The Bonds are more completely described in the Official Notice of Sale, Official Bid Form and the Preliminary Official Statement for the Bonds which may be obtained from Dan Almon, Southwest Securities, 1201 Elm St., Suite 3500, Dallas, Texas 75270, Financial Advisors to the District. The Bidder whose bid is the winning bid in accordance with the Official Notice of Sale will be notified immediately and must submit a SIGNED OFFICIAL BID FORM in connection with the sale by 11:00 A.M., C.S.T. on March 6, 2014 to Dan Almon, Southwest Securities, 1201 Elm St., Suite 3500, Dallas, Texas 75270 in accordance with the Official Notice of Sale. The District reserves the right to reject any or all bids for the Bonds and to waive any and all irregularities except time of filing. This notice does not constitute an offer to sell the Bonds but is merely notice of sale of the Bonds as required by law. The offer to sell the Bonds will be made only by means of the Official Notice of Sale, the Preliminary Official Statement and the Official Bid Form for the Bonds. Board of Directors Trophy Club Municipal Utility District No. 1 3. That the President of the Board of Directors of said District has approved and hereby approves the aforesaid Resolution; that the President and Secretary of the Board of Directors of Trophy Club Municipal Utility District No . 1, have duly signed Resolution 2014-0218 hereby declare that their signing of this Certificate shall constitute the signing of the attached and following resolution for all purposes . SIGNED AND SEALED this, the 18th day of February, 2014. /cC~ Kevin R . Carr, Secretary/Treasurer Board of Directors