RES 2010-17TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2010-17
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS, AUTHORIZING THE
PREPARATION OF DOCUMENTS IN RESPECT TO THE
PROPOSED ISSUANCE OF "TOWN OF TROPHY CLUB,
TEXAS GENERAL OBLIGATION REFUNDING BONDS,
SERIES 2010."
WHEREAS, the Town Council (the "Council") of the Town of
Trophy Club, Texas (the "Town") has determined that it is in the best
interest of the Town to prepare documents in respect to the proposed
issuance of its General Obligation Refunding Bonds, Series 2010 (the
"Bonds") for purpose of refunding outstanding obligations of the Town to
achieve a debt service savings, with the preparation of the below
described documents to commence upon approval of this Resolution; and
WHEREAS, the Council by this Resolution desires to direct the
Interim Town Manager, the Director of Finance, the Town's Financial
Advisor, and the Town's Bond Counsel to commence preparation of
necessary documents for such sale on a negotiated sale basis;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN
COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS THAT:
Section 1. The Acting Town Manager, the Director of Finance, the
Town's Financial Advisor and the Town's Bond Counsel are authorized to
proceed with taking all necessary actions to prepare for Council
consideration at a future meeting the issuance and sale of Town of Trophy
Club, Texas General Obligation Refunding Bonds, Series 2010.
Section 2. The Acting Town Manager, the Director of Finance, the
Town's Financial Advisor and the Town's Bond Counsel are authorized to
prepare a preliminary official statement, bond ordinance and other related
documents, and to distribute the same to the investment banking firm or
firms retained to assist the Town in the offering and sale of the Bonds, to
the proposed escrow agent and paying agent in respect to the issuance of
the Bonds, to the rating agencies and to municipal bond insurance
companies.
Section 3. This Resolution shall be effective upon its adoption by
the Council.
Resolution 2010-17
(File 2010-436)
1
PASSED AND APPROVED by the Town Council of the Town of
Trophy Club, Texas, this 16 th day of August, 2010.
ATIEST:
+'/1 1/
/ )f/~ {J Nf /" ;;//"7 tf ~Town SecrEfufrY, Lisa Hennek
Town of Trophy Club, Texas
[Seal]
APPROVED AS TO FORM:
"~
Mayor, Connie White
Town of Trophy Club, Texas
( ~~~ ~ A A ~ J.£tDd (lHVLoJ
Town Attorney, Patricia A. Adams
Town of Trophy Club, Texas
Resolution 2010-17
(File 2010-436)
2