ORD 2015-29TOWN OF TROPHY CLUB, TEXAS
ORDINANCE 2015-29
ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS APPROVING
AND AUTHORIZING A FIRST AMENDMENT TO ORDINANCE NO.
2014-08 AUTHORIZING THE TOWN OF TROPHY CLUB
COMBINATION TAX AND REVENUE CERTIFICATES OF
OBLIGATION, SERIES 2014 AND RESOLVING OTHER MATTERS
RELATING THERETO.
WHEREAS, the Town of Trophy Club, Texas (the "Town"), pursuant to Chapter 271,
Subchapter C, Texas Local Government Code, as amended, is authorized to issue its certificates
of obligation for the purpose of paying contractual obligations to be incurred for the purposes set
forth below; and
WHEREAS, the Town Council of the Town has issued its Combination Tax and
Revenue Certificates of Obligation, Series 2014 pursuant to Ordinance No. 2014-08; and
WHEREAS, pursuant to a Resolution No. 2015-11 heretofore passed by this governing
body, notice of intention (the "Notice of Intention") to amend Ordinance No. 2014-08 as
provided in this Ordinance was published in a newspaper of general circulation in the Town in
accordance with the requirements of law; and
WHEREAS, the Notice of Intention stated that the Town Council intended to pass an
ordinance authorizing the amendment of the purposes for which the Certificates were issued at
its Town Council meeting held on the date of adoption of this Ordinance; and
WHEREAS, no petition of any kind has been filed with the Town Secretary, any
member of the Town Council or any other official of the Town, protesting the issuance of such
certificates of obligation; and
WHEREAS, this Town Council is now authorized and empowered to proceed with the
amendment of Ordinance No. 2014-08; and
WHEREAS, the meeting at which this Ordinance is considered is open to the public as
required by law, and public notice of the time, place, and purpose of said meeting was given as
required by Chapter 551, Texas Government Code, as amended; therefore,
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. The findings and determinations set forth in the preambles hereto are
hereby incorporated by reference for all purposes.
Section 2. Section 3.01 of Ordinance No. 2014-08 is hereby amended and replaced in
its entirety with the following:
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"3.01 The Town's certificates of obligation to be designated "Town of Trophy Club, Texas,
Combination Tax and Revenue Certificates of Obligation, Series 2014" (the "Certificates"), are
hereby authorized to be issued and delivered in accordance with the Constitution and laws of the
State of Texas, specifically Subchapter C, Chapter 271, Texas Local Government Code. The
Certificates shall be issued in the aggregate principal amount of $2,500,000 for the following
purposes, to wit: (i) purchasing land for a joint police and town hall facility (the "Project"), (ii)
designing, developing, constructing and equipping a joint police and town hall facility, and
(iii) to pay professional services of attorneys, financial advisors and other professionals in
connection with the Project and the issuance of the Certificates."
Section 4. This First Amendment to Ordinance 2014-08 hereby authorized, approved
and ratified in all respects.
PASSED AND ADOPTED THIS 22nd day of September 2015.
[Signature pages follows]
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ATTEST:
own Secr ary, Town of Trophy Club
Mayor, To of Trophy Club
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Signature Page to Trophy Club Amendment to Ordinance No. 2014-08