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ORD 2015-38TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2015-38 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, CANVASSING THE RETURNS AND DECLARING THE RESULTS OF A BOND ELECTION HELD IN THE TOWN OF TROPHY CLUB, TEXAS, ON NOVEMBER 3, 2015; AND PROVIDING AN EFFECTIVE DATE FOR THIS ORDINANCE. WHEREAS, the Town Council (the "Town Council") of the Town of Trophy Club, Texas (the "Town") duly authorized a bond election (the "Election") to be held within the Town on November 3, 2015, for the purpose of submitting to the resident qualified electors of the Town the proposition hereinafter set forth; and WHEREAS, the Town Council has investigated all matters pertaining to the Election, including the ordinance calling the Election, giving notice, appointing officers, holding and making returns of the Election; the election officers who held the Election have duly made the returns of the results thereof; and said returns have been duly delivered to the Town Council for official canvassing of the returns thereof; and WHEREAS, upon the consideration of the returns of the Election, it is hereby found and determined that the same was held in accordance with the authorizing proceedings and was in all respects legally held after due notice had been given, and the returns duly and legally made, and other instruments, showed the following results: PROPOSITION NO. 1 842 Votes For Shall the Town Council of the Town of Trophy Club, Texas be authorized to issue general obligation 497 Votes Against bonds of said Town in the aggregate principal amount of $5,400,000 for the purpose of providing funds for permanent public improvements, to -wit: designing, developing, constructing and equipping a joint police and town hall facility and the acquisition of land therefore; such bonds to mature serially within not to exceed twenty-five (25) years from their date, to be issued in one or more series and sold at such prices and bear interest at such rates as shall be determined within the discretion of the Town Council under the laws of the State in effect at the time of such issuance; and to provide for the payment of the principal of and interest on said bonds by levying ad valorem taxes to be assessed and collected annually in an amount sufficient to pay the annual interest on and to create a sinking fund to redeem said bonds as they become due. TOTAL BALLOTS CAST IN ELECTION: 1,362 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS THAT: Section 1. All of the recitals contained in the preamble of this Ordinance are found to be true and are adopted as findings of fact by the Town Council and as part of its judgment. Section 2. It is found and determined that the results of the Election as canvassed and tabulated in the preamble hereof reflect the expressed desires of the electors. Section 3. This Ordinance shall take effect immediately upon its passage and approval. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this 13th day of November, 2015. ATTEST: Holly Fimbr s, Town Secretary Town of Tr6phy Club, Texas APPROVED AS TO FORM: Patricia A. Adams, Town Attorney Town of Trophy Club, Texas J C. Nick Sanders, Mayor Town of Trophy Club; Texas ORD 2015-38 Page 2 of 4 MINUTES AND CERTIFICATION PERTAINING TO PASSAGE OF AN ORDINANCE On November 13, 2015, the Town Council of the Town of Trophy Club, Texas, convened at () a.m., in a Special Session meeting at the regular meeting place thereof, the meeting being open to the public and notice of said meeting, giving the date, place and subject thereof, having been posted as prescribed by Chapter 551, Texas Government Code, as amended; and the roll was called of the duly constituted officers and members of the Town Council, which officers and members are as follows: C. Nick Sanders, Mayor Jim Parrow ) Greg Lamont, Mayor Pro Tem Garrett Reed ) Rhylan Rowe ) Members of Tim Kurtz ) the Council Philip Shoffner ) and all of said persons were present except 1 int IhuV_t1Z7 thus constituting a quorum. Whereupon, among other business, a written ordinance bearing the following caption was introduced: AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, CANVASSING THE RETURNS AND DECLARING THE RESULTS OF A BOND ELECTION HELD IN THE TOWN OF TROPHY CLUB, TEXAS; ON NOVEMBER 3, 20159 AND PROVIDING AN EFFECTIVE DATE FOR THIS ORDINANCE. The Ordinance, a full, true and correct copy of which is attached hereto, was read and reviewed by the Town Council. Thereupon, it was duly moved and seconded that the Ordinance be finally passed and adopted. The Presiding Officer put the motion to a vote of the members of the Town Council, and the Ordinance was finally passed and adopted by the following vote: AYES: NAYS: ABSTENTIONS: i ORD 2015-38 Page 3 of 4 MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT, and to correctly reflect the duly constituted officers and members of the Town Council of said Town, and the attached and following copy of said Ordinance is hereby certified to be a true and correct copy of an official copy thereof on file among the official records of the Town, all on this 13th day of November, 2015. 600�. Town Secreta Town of Trophy Club, Texas Minutes and Certification of Ordinance Canvassing Election Result