2011-226S:\Legall0ur pocumentsl0rdinances\111Reimbursement-Mobile Data Computers-Fire & Police.doc
ORDINANCE NO. 2011-226
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, TO DECLARE THE INTENT TO
REIMBURSE EXPENDITURES FROM THE TECHNOLOGY SERVICES FUND WITH
CERTIFICATES OF OBLIGATION WITH AN AGGREGATE MAXIMUM PRINCIPLE
AMOUNT EQUAL TO $215,000 TO ALLOW THE FIRE DEPARTMENT AND POLICE
DEPARTMENT TO PURCHASE THIRTY EIGHT MOBILE DATA COMPUTERS; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton (the "Issuer") is a municipal corporation/political
subdivision of the State of Texas; and
WHEREAS, the issuer expects to pay expenditures for the purchase of mobile data
computers, which were approved in the 2011-2012 Capital Improvement Program Budget; and
WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer
for the payment of such expenditures will be appropriate and consistent with the lawful
objectives of the Issuer and, as such, chooses to declare its intention, in accordance with the
provisions of Section 1.150-2 Treasury Regulations, to reimburse itself for such payments at
such time as it issues the obligations to finance the Project; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The Issuer reasonably expects to incur debt, as one or more series of
obligations, with an aggregate maximum principal amount equal to $215,000 for the purpose of
purchasing 3 8 mobile data computers for the Fire and Police Departments.
SECTION 2. All costs to be reimbursed pursuant hereto will be for the purchase of
mobile data computers of as authorized by Section 271.045(a)(1) of the Texas Local Government
Code. No tax-exempt obligations will be issued by the Issuer in furtherance of this Ordinance
after a date which is later than 18 months after the later of (1) the date the expenditures are paid,
or (2) the date on which the property, with respect to which such expenditures are made, is
placed in service. That all amounts expended from the Technology Services Fund for the
purchase of the 38 mobile data computers shall be reimbursed from Certificate of Obligation
bond proceeds within the 2011-2012 fiscal year.
SECTION 3. The foregoing notwithstanding, no tax-exempt obligation will be issued
pursuant to this Ordinance more than three years after the date any expenditure which is to be
reimbursed is paid.
SECTION 4. This Ordinance shall become effective immediately upon its passage and
approval.
S:1Lega110ur pocumentsl0rdinances1111Reimbursement-Mobile Data Computers-Fire & Police.doc
� �� � 2011.
PASSED AND APPROVED this the � day of G U'L�//�' OK/ ,
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M A. BLTRI�OUGI�IS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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A OVED S TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
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