HomeMy WebLinkAboutResolution No. 94-22 RESOLUTION NO. R94-22
A RESOLUTION OF THE CITY OF FRIENDSWOOD, TSXAS GALVESTCS�I'/
HARRIS COUNTIES, F�fPRESSING INTSNT TU RBIMBURSE CITY
FUNDS OiJT QF DBBT C7HLIGATIONS PR()CEB'DS FOR CE)STS OF TSE
1994-1995 WATSR A►ND SEWffi� IMPROVffi�N'�S FOR TSB BLAC�fHAWtE
WASTEWATER TREA�T PI,AI�I'T PROJE�G� INCOR� PRIO� TO� TSS
ISSUANCE OF THE OBLIGATI�IS.
* * * * * * * * * * * * * * *
WHEREAS, the City of Friendswoad is a Municipality of the
State of Texas;
wt�:RR�►s, the Issuer expects to pay expenditures in
connection with the design, planning, acquisition and
construction of the project described. on Exhibit "A" hereta
(the "Project" ) prior to the issuance of obligations ta
finance the Project;
TE�REFQRE, BE IT RESQLVE� BY THS CITY OF FRIENDSt�OOD, T�XAS
OF Tf� I SSUSR THPiT;
Section l. The Issuer reasonahly expects ta incur debt, as
one or more series of obligations, with an aggregate ma���m
principal amount equal to $4,600,000 for the purpose af
paying the costs of the Praject.
Section 2. All costs to be reimbursed pursuant hereto will
be capital expenditures. No Tax-exempt obligations will be
issured by the Issuex in furtherance of this Statement 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 were
made, is place in service.
Section 3. The foregoing natwithstanding, no tax-exempt
obligation will be issued pursuant to this Statement more
than three years after the date any expenditure which is ta
be reimbursed is paid.
PASSED, APPRt7VBD AND 1�DOPTED BY TI3E CITY COUN�IL OF TSE CITY
OF FRIENDSWOaD, TBXAS ON THIS 23RD DAY C1F M�Y, 1994.
, )�.J %��/y � ,r-ryt!�'
Mayor e l�rn B. Newman
City of Friendswood
ATTEST:
�
r
. ,
Deloris McK zi , �RMC
City Secretary
RESOLUTION NQ. R94-22
EXHIBIT "A"
Proposed Projects and Estimated Expenses
1. Exhibit "A" of May 2, 1994
Dannenhau.m Letter $1,721,349
2 . Southeast Water Purification
Plant 4Q MGD Exgansion $ 900,000
3 . Waterline Looping $ 943,200
4. Elevated Storage Tank
Modificatians $ 425,OOQ
5 . Sewer Line and Lift
Station Modifications To Be Determined
6. 15s Contingeney,
Engineering, Inspections $ 598, 432
TOTAL $4,587, 981