2012-319S:1Legall0ur pocumentsl0rdinances\1212- Reimbursement - Animal Shelter.doc
ORDINANCE NO. 2012-319
AN ORDINANCE OF THE CITY OF DENTON, TEXAS TO DECLARE THE INTENT TO
REIMBURSE EXPENDITURES FROM THE UNRESERVED FUND BALANCE OF THE
GENERAL FUND WITH CERTIFICATES OF OBLIGATION WITH AN AGGREGATE
MAXIMUM PRINCIPAL AMOUNT NOT TO EXCEED $200,000 TO ALLOW FOR
ARCHITECTUR.AL SERVICES AND LEADERSHIP IN ENERGY AND
ENVIRONMENTAL DESIGN ("LEED") CERTIFICATION OF THE L1NDA MCNATT
ANIMAL CARE AND ADOPTION CENTER FACILITY; 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 architectural services and
Leadership in Energy and Environmental Design ("LEED") certification for the Linda McNatt
Animal Care and Adoption Center facility, which was approved in the 2012-2013 Capital
Improvement Program Sudget; and
WHEREAS, the Issuer finds, considers, and declaxes that the reimbursement of the Issuer
for the payment of such expenditures wi11 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 not to exceed $200,000 for
architectural services and Leadership in Energy and Environmental Design ("LEED")
certification for the Linda McNatt Animal Care and Adoption Center facility.
SECTION 2. All costs to be reimbursed pursuant hereto will be for architectural services
and Leadership in Energy and Environment Design ("LEED") certification as authorized by
Section 271.045 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 axe paid, or (2) the date on which the property, with respect
to which such expenditures are made, is acquired. That all amounts expended from the
Unreserved Fund Balance of the General Fund for the purchase of architectural services and
Leadership in Energy and Environment Design ("LEED") certification shall be reimbursed from
Certificate of Obligation bond proceeds within the 2012-2013 fiscal year.
SECTION 3. The foregoing notwithstanding, no taaL-exempt obligation will be issued
pursuant to this ardinance more than three years after the date any expenditure which is to be
reimbursed is paid.
S:1Legal\Our pocumentslOrdinances11212- Reimbursement - Animal Shelter.doc
5ECTION 4. This Ordinance sha11 become effective immediately upon its passage and
approval.
/� t�
PASSED AND APPROVED this the
ATTEST;
JENNIFER WALTERS, CITY SECRETARY
BY: -
APPRO D AS O LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
�
BY:
day of �/ 1���� 2012.
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