Loading...
HomeMy WebLinkAbout18-001s:Vegal\our documenis\resolutionsU 8\exhibit 4- resolution - tefra documents - texas-denton (twu) (2).docx I' ,• ! • ' � i � � � . . � � ,...� . � � :• � � •'' .. � . � . . •''•'• • i : � i •: � • ! • � ' ' • ', '• ' �' � • " � '� 11 11! !1! ' • , • ! � • • ' '• : •" ' :• � � ! � • � • � � : ♦ '�. � • '�,, � � L, ♦ . � � . �� � �... , '�... • R � '. •�.; . f 1 � . �. � .... • '.. !� '�. [ � ,,, ., �. � .��... R ♦,., , ! ,.� • ',.� � �.: ♦ � � � � � . .���. � ' �: '. • �� � . � • . ' * ♦ : � ��. '�. . Y' �r' � �� . • •' *'' � ' � � # * " #' + �' � � � � ' � '; � � � s • � • s � � .. '• •'' � • •' . • � �• • • � . • • •�" :• ' • . ("� � � w � " �• ' • f � , • " " " " •� �' • ' � •� ' • . • • . . _� '!' � • s '' '• ' . * " • �. •� � • • . #• . 1' . • -� � ' ��, * � �, _ . •' ' 1 ' � � • . - � • • •' � ' . � r - . '' � " • -' ' � � 1' � � - . ' � ' ' � � . �' • • � . - � � " � �' � c • ' � � ' • � � ' # � • - • " � . � . � ' I' r f� �: . �` �: • � �: ` I R /' �. � � �'. • ' .'. � w �'� ' �. ' � ' • : ���. II ' . " •�� � � • . ": . :�, �. • • �' .. - � . ' �: ,.�: * �... + ' �, : ' � . *..� • , " A: : � �: ��: � � � � � ��� I / f� �� ��'. '�. � � � � � '�. � � � : �: � � '.. ' ' � . .��' � l � � �. �'.. � : � � ��: �. �� : � �' � � .� r. � �� : �* � ' � �.: . / ��: � � �' .; *' : + " . '. * , ,. �, � y. � �,, , .� .. a ��: ' � •' • � #' • '� ��. • � � �. ♦ � � � �: _ � ' ��'. �., �.- .f. �' . �: . �' �• � � �� � • T ��� •' � ' � • i � �' � �, � '• ' �,' ' ��, _ �' • • "# * " �' • • • �" • � '• � . • �, f ', . ' • � �' i • • • ' ' • � - *' • � • #' . � ' � �' � ' . � ' � . �', '- � - • ' • ' j � � � �' � • . • •' � ' i � � • � / ' 1 � � ' c ' i � • �" •. • • ' �' - � - - � ' � � • � �'. � ��.. �: � • • �: • . � : �: .:. • " �: � � r�. '. '�.. • '�:i � ��. ���. �. � �' � � ♦ � ' �'� � � � ��� : � ��: � � :� � � •� : �I : f' � � � �� • �� ��� i��. . � � •' �' � . � �� .' / '� � / /'�.. �: : + , " � � � r �, . '�*'' • '. ', • �"' • " '• • ' � � ' � � r , ■'- � 1� � �' � � � i � ; � � ' - �, � - � - � -,, � ' �; �'- � � . - � •� . '� !' � - ��t • �! � � � • s:\legal\our documenYs\resolutions\18\exhibit 4- resolution - tefra documents - texas-denton (twu) (2).docx SECTION 2. The City hereby approves the issuance of the aforesaid Bonds by the Issuer in the maximum aggregate principal amount of $100,000,000 for the Projects, and further approves the Projects as described in the Notice relating to the public hearings for the Bonds, and such approval shall be salely for the purposes of satisfying Section 147(� of the Internal Revenue Code of 1986 and the City shall have no liabilities for the payment af the Bonds nor shall any of its assets be pledged to payment of the Bonds. SECTION 3. Further, it is recognized by the City that the instruments which authorize the issuance of bonds, notes ar obligatians by the Issuer will specifically state that the City is not obligated to pay the principal of or interest an the bonds, notes or obligations proposed to be issued by the Issuer. Nothing in this resolution shall be construed as an indication by the City that it will pay or pravide for the payment of any, abligations of the Issuer whether theretofore or hereafter incurred; and in this connection, attention is called to the Constitution of the State of Texas, wherein it is pravided that a City may incur no indebtedness withaut having made provisions for its payment, and the City Council of the City hereby specifically refuses to set aside any present or future funds, assets or maney for the payment af any indebtedness or obligation of the Issuer. SECTION 4, This Resolutian shall become effective immediately, upon its passage. PASSED AND APPROVED this the %�° ��� day of ������� ����:.. , 2018. � ��- {�, � 1, ,:f'r �� � ` �' r� � r '� ��� ' � �" � �� p� �� _ ..� t �, �� CHRIS WATTS, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY , , , . `.F � t(� BY: ' � � �, �� ��a-�� � �� � `�.�_���.� ��`� m..�� ..�_��;�.,_� �_ G��_.,�� _� � ; �. r.����, �` r � APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY f� , �,� , , ,. BY: � �.r�.�� a �.. �u _ ���� t �