08-104 - R0u-1 (0 �(
CERTIFICATE REGARDING ADOPTION OF RESOLUTION
THE STATE OF TEXAS
COUNTY OF COLLIN
TOWN OF PROSPER
We, the undersigned officers of the Town, hereby certify as follows:
1. The Town Council of the Town convened in REGULAR MEETING ON THE 28TH DAY OF
OCTOBER, 2008, at the Town Hall, and the roll was called of the duly constituted officers and members of
the Town Council, to -wit:
Charles Niswanger, Mayor
Ray Smith, Mayor Pro -tern
Kenneth Dugger
Dave Turley
David Vestal
Meigs Miller
Danny Wilson
Matthew Denton, Town Secretary
and all of said persons were present, except the following: , thus constituting
a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
was duly introduced for the consideration of the Town Council. It was then duly moved and seconded that said
Resolution be adopted and, after due discussion, said motion, carrying with it the adoption of said Resolution,
prevailed and carried by the following vote:
AYES: All members of the Town Council shown present above voted "Aye," except as shown
below:
NOES:
ABSTAIN:
2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in
the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been
duly recorded in said Town Council's minutes of said Meeting; that the above and foregoing paragraph is a
true, full and correct excerpt from the Town Council's minutes of said Meeting pertaining to the adoption of
said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified
and acting officers and members of the Town Council as indicated therein; that each of the officers and
members of the Town Council was duly and sufficiently notified officially and personally, in advance, of the
time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered
for adoption at said Meeting, and each of said officers and members consented, in advance, to the holding of
said Meeting for such purpose, and that said Meeting was open to the public and public notice of the time,
place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code.
3. That the Mayor of the Town has approved and hereby approves the aforesaid Resolution; that the
Mayor and the Town Secretary of the Town have duly signed said Resolution; and that the Mayor and the
Town Secretary of the Town hereby declare that their signing of this Certificate shall constitute the signing of
the attached and following copy of said Resolution for all purposes.
SIGNED this, the 28th day of October, 2008.
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RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS
COUNTY OF COLLIN
TOWN OF PROSPER
WHEREAS, this Town Council deems it advisable to give notice of intention to issue certificates of
obligation of the Town of Prosper, Texas, as hereinafter provided; and
WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was
passed was open to the public and public notice of the time, place and purpose of said meeting was given, all
as required by Chapter 551, Texas Government Code.
THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER:
1. Attached hereto is a form ofthe Notice of Intention to issue Certificates of Obligation, the form
and substance of which is hereby adopted and approved.
2. The Town Secretary shall cause said notice to be published in substantially the form attached
hereto, in a newspaper of general circulation in the Town, and published in the Town, on the same day in each
of two consecutive weeks, the date of the first publication thereof to be at least 30 days prior to the time set
for the first reading of the ordinance authorizing the issuance of such certificates of obligation as shown in said
notice.
This Resolution shall become effective immediately upon adoption.
TOWN OF PROSPER, TEXAS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION
The Town of Prosper does hereby give notice of intention to issue one or more series of Combination Tax and
Revenue Certificates of Obligation, in the maximum principal amount not to exceed $13,900,000, for paying
all or a portion of the Town's contractual obligations incurred in connection with (1) extending, constructing
and,improving the Town's water and sewer system, including the construction of water and sewer distribution
and collection lines and a sewer force main, (2) constructing park improvements, (3) constructing park
improvements on land to be leased or acquired from the Prosper Independent School District, (4) constructing
and improving roads and streets in the Town and related infrastructure, (5) constructing drainage improvements
in the Town, (6) acquiring land and interests in land as may be required in connection with the purposes
described in clauses (1) through (5), (7) constructing, renovating, equipping and improving facilities for use
by the Town's police department, (8) remodeling, renovating, improving and equipping facilities owned by the
Prosper Independent School District to be used for Town administrative offices, and (9) paying legal, fiscal,
engineering and architectural fees in connection with.these projects; provided that if the purposes of clauses
(3) or (8) cannot be accomplished, the funds for such projects may be used for the purposes set forth in the
other numbered clauses. The Town proposes to adopt an ordinance that will provide for the Certificates of
Obligation to be secured by a pledge of funds received from the levy and collection of ad valorem taxes in the
Town, as provided by law, and from a pledge ofthe surplus net revenues of the Town's water and sewer system
(the "System") that remain after payment of all operation and maintenance expenses thereof, and after all debt
service, reserve, and other requirements in connection with all revenue bonds or other obligations (now or
hereafter outstanding) of the Town have been met, to the extent that such obligations are payable from all or
any part of the net revenues of the System. The Town Council intends to consider for passage at a meeting to
be held at 6:00 P.M. on December 2, 2008, at the Prosper ISD Central Administration Building, 605 E.
Seventh Street, Prosper, Texas, an ordinance authorizing the issuance of Combination Tax and Revenue
Certificates of Obligation.
TOWN OF PROSPER, TEXAS
By: /s/ an r a