RES 2015-19CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
TOWN OF TROPHY CLUB §
On the 25th day of August, 2015 the Town Council of the Town of Trophy Club, Texas,
convened in a regular 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:
Nick Sanders, Mayor Jim Parrow )
Greg Lamont, Mayor Pro Tem Garrett Reed )
Tim Kurtz ) Members of
Rhylan Rowe ) the Council
Philip Shoffner )
and all of said persons were present, thus constituting a quorum. Whereupon, among other
business, a written resolution bearing the following caption was introduced:
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS, APPROVING A RESOLUTION
ADOPTED BY THE BOARD OF DIRECTORS OF THE
TROPHY CLUB 4B ECONOMIC DEVELOPMENT
CORPORATION AUTHORIZING THE ISSUANCE OF
TROPHY CLUB 4B ECONOMIC DEVELOPMENT
CORPORATION SALES TAX REVENUE BONDS, TAXABLE
SERIES 2015; APPROVING THE ISSUANCE OF THE BONDS
AND THE PLAN OF FINANCING AUTHORIZED THEREBY
AND THE FINANCING DOCUMENTS
The Resolution, 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 Resolution be finally passed and
adopted.
The Presiding Officer put the motion to a vote of the members of the Town Council, and
the Resolution was finally passed and adopted by the following vote:
AYES: 7 NAYS: 0
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ABSTENTIONS: 0
THIS CERTIFICATE IS 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 Resolution is hereby certified to be a true and correct copy
of an of cial copy thereof on file among the official records of the Town, all on this the
day of U '2015.
Fi p� Off'/Yy Town Secre ry, Town of Trophy Club, Texas
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Town of Trophy Club, Texas
Certification for Resolution Approving Issuance of Bonds
RESOLUTION No. 2015-19
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS, APPROVING A. RESOLUTION ADOPTED BY THE BOARD
OF DIRECTORS OF THE TROPHY CLUB 4B ECONOMIC DEVELOPMENT
CORPORATION AUTHORIZING THE ISSUANCE OF TROPHY CLUB 4B
ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE
BONDS, TAXABLE SERIES 2015; APPROVING THE ISSUANCE OF THE
BONDS AND THE PLAN OF FINANCING AUTHORIZED THEREBY AND
THE FINANCING DOCUMENTS
WHEREAS, the Town of Trophy Club, Texas (the "Town"), has approved and
authorized the creation of the Trophy Club 4B Economic Development Corporation (the
"Corporation") as a Texas nonprofit corporation, pursuant to Chapters 501, 502 and 505, Texas
Government Code, as amended (the "Act"), to act on behalf of the Town in its pursuit of
economic development to promote and develop projects so as to eliminate unemployment and
underemployment and to promote and encourage employment and the public welfare; and
WHEREAS, pursuant to the authority granted in the Act, the Town has levied a local
sales and use tax (the "Sales Tax") for the benefit of the Corporation, to be used exclusively for
the, purposes set forth in the Act; and
WHEREAS, the Corporation is authorized by the Act to issue its revenue bonds, to be
secured by and payable from the Sales Tax; and
WHEREAS, the Town and the Corporation have adopted a Concurrent Resolution
establishing the Sales Tax Revenue Fund into which the receipts of the Sales Tax are deposited
as collected and providing that moneys on deposit in such Fund shall be applied in accordance
with a bond resolution authorizing the issuance of the Corporation's bonds; and
WHEREAS, the Corporation has determined to issue its Trophy Club 4B Economic
Development Corporation Sales Tax Revenue Bonds, Taxable Series 2015 (the "Bonds") for the
purpose of acquiring land within the Town to be used to promote new or expanded business
enterprises including building, equipment, facilities, expenditures, targeted infrastructure and
improvements found by the Corporation to promote new or expanded business development,
(the "Project"); and
WHEREAS, the Board of Directors of the Corporation has approved a Resolution,
authorizing the issuance of the Bonds, dated August 25, 2015, (the "Resolution"); and
WHEREAS the Act requires that the governing body of the Town approve, by written
resolution, any agreement to issue bonds approved by the Corporation; and
WHEREAS, this Town Council has reviewed the Resolution and, by adoption of this
resolution, intends to approve the Resolution and the terms thereof, the issuance of the Bonds,
the plan of financing established and approved by the Resolution and the financing documents
related thereto; and to make the findings required by the Act to approve the Project; and
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WHEREAS, it is officially found, determined, and declared that the meeting at which this
Resolution has been adopted was open to the public and public notice of the time, place and
subject matter of the public business to be considered and acted upon at said meeting, including
this Resolution, was given, all as required by the applicable provisions of Chapter 551, Texas
Government Code, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS:
Section 1. Capitalized terms used herein and not otherwise defined shall have the
meaning assigned thereto in the Resolution.
Section 2. The Town, acting by and through this Town Council, hereby approves:
(a) the Resolution and the plan of financing established and approved by the
Resolution; and
(b) the issuance of the Bonds in the amount and for the purposes referred to in the
preambles hereof and as described in the Resolution and the Bonds; and
(c) the Paying Agent/Registrar Agreement a copy of which is on file among the
records of this meeting; and
Section 3. The Town agrees 'to provide any continuing disclosure information
required of the Town by the Resolution.
Section 4. This Resolution shall take effect immediately from and after its adoption
and the Mayor or Mayor Pro Tem is hereby authorized to sign this Resolution.
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PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas
this 25th day of August, 2015.
i
Mayor, Town of Trophy Club, Texas
ATTEST:
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Town Sec tary, Town of Trophy Club, Texas
APPROVED AS TO FORM:
Town Attorney, Town of Trophy Club, Texas
B Counsel, Town of Trophy Club, Texas
Signature Page for Resolution of the Town Council