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Home My WebLink About2014-1111 Resolution - Approving and Authorizing Publication of Notice of Sale, Unlimited Tax Bonds, SERIES 2014CERTIFICATE OF SECRETARY THE STATE OF TEXAS § § TROPHY CLUB MUNICIPAL UTILITY COUNTIES OF DENTON AND TARRANT § DISTRICT NO. 1 I, the undersigned , Secretary of the Board of Directors of the Trophy Club Municipal Utility District No. 1, DO HEREBY CERTIFY as follows: 1. On the 11 1h day of November, 2014, a special meeting of the Board of Directors (the "Board") of the Trophy Club Municipal Utility District No. 1 (the "District") was held at a meeting place within the District; the duly constituted members of the Board being as follows : JAMES MOSS JIM HASE KEVIN CARR JAMES C. THOMAS NEIL 1WOMEY PRESIDENT VICE PRESIDENT SECRETARY~REASURER DIRECTOR DIRECTOR and all of said persons were present at said meeting, except the following : ------- Among other business considered at said meeting, the attached resolution entitled : RESOLUTION NO. 2014-1111 "A RESOLUTION authorizing appropriate personnel and consultants to proceed with arrangements and the preparation of documents for the issuance and sale of unlimited tax bonds ; approving and authorizing publication of a notice of sale with respect to issuance and sale of such bonds; and resolving other matters incident and related thereto" was introduced and submitted to the Board for passage and adoption. After presentation and due consideration of the resolution, and upon a motion being made and and seconded, the resolution was finally passed and adopted by the Board to be effective immediately by the following vote : 5_ voted "For" ___ voted "Against" ____ abstained all as shown in the official minutes of the Board for the meeting held on the aforesaid date . 2 . The attached resolution is a true and correct copy of the original on file in the official records of the District; the duly qualified and acting members of the Board on the date of the aforesaid meeting are those persons shown above and, according to the records of my office, advance notice of the time, place and purpose of the meeting was given to each member of the Board; and that said meeting, and the deliberation of the aforesaid public business , was open to the public and written notice of said meeting , including the subject of the above entitled resolution, was posted and given in advance thereof in compliance with the provisions of Texas Government Code, Chapter 551, as amended. 47245925 .1/08009902 1 IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the seal of said District, this the 11 1h day of November, 2014 . Secretary, Board of Directors Trophy Club Municipal Utility District No. 1 47245925.1/08009902 [signature page of Certificate of Secretary] RESOLUTION NO. 2014-1111 A RESOLUTION authorizing appropriate personnel and consultants to proceed with arrangements and the preparation of documents for the issuance and sale of unlimited tax bonds; approving and authorizing publication of a notice of sale with respect to issuance and sale of such bonds; and resolving other matters incident and related thereto WHEREAS, the Board of Directors (the "Board") of the Trophy Club Municipal Utility District No. 1 (the "District") has determined that unlimited tax bonds should be issued and sold in a principal amount not to exceed $5,765,000; and WHEREAS, the Board hereby finds and determines that it is now proper to (1) authorize appropriate personnel and consultants to proceed with arrangements and the preparation of documents for the issuance and sale of unlimited tax bonds and (2) authorize the publication of a notice of sale with respect to such bonds with a tentative sale date of December 4, 2014, pursuant to the provisions of Texas Water Code, Section 49.183; now, therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1: SECTION 1: The General Manager for the District, together with the District's financial advisor, Southwest Securities, Inc. and bond counsel, Fulbright & Jaworski LLP, a member of Norton Rose Fulbright, are hereby authorized and directed to proceed on behalf of the District with the preparation of the documents and to make the appropriate arrangements for the offering and sale of unlimited tax bonds in a principal amount not to exceed $5,765 ,000. The General Manager and other appropriate officials of the District are hereby authorized and directed to assist and furnish said consultants with information and data necessary for the preparation of an official statement and other documents for a sale of such bonds to occur and be approved by the Board of Directors at a meeting to be held on or about December 4, 2014 . SECTION 2: The Secretary of the Board of Directors is hereby authorized and directed to cause a notice of sale relating to the sale of unlimited tax bonds to be published (1) at least one time not less than 10 days before the date of sale in a newspaper of general circulation in the county or counties in which the District is located and (2) at least one time in one or more recognized financial publications of general circulation in the State of Texas as approved by the State Attorney General; such notice of sale to read substantially in the form and content of Exhibit A hereto attached and incorporated herein by reference as a part of this Resolution for all purposes. SECTION 3: 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 all as required by Texas Government Code, Chapter 551, as amended . SECTION 4: This Resolution shall be in force and effect from and after its passage on the date shown below. 47211707 .1/08009902- PASSED AND ADOPTED, this November 11, 2014. ATTEST: 47211707 .1/08009902 TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO . 1 [signature page of Resolution] 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: December 4, 2014 Bids due 11:00 a.m. Central Standard Time ("CST") Place and Time of Award: The District will consider the award of the sale of the Bonds on December 4, 2014 at 6:00 P.M ., C.S.T., at the District's 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 December 4, 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 of the lpreo Holdings LLC, PARITY System by 11 :00 A.M., C.S .T., on December 4 , 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 Advisor 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 subm it a SIGNED OFFICIAL BID FORM in connection with the sale by 11 :00 A.M ., C.S.T. on December 4 , 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 notices 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 . This Notice of Sale supersedes and replaces any previously published Notice of Sale for the Bonds. Board of Directors Trophy Club Municipal Utility District No. 1 4721 1707 .1/08009902