R-1674-1-99I
RESOLUTION NO. 1674-1-99 (R)
A RESOLUTION providing for the redemption of certain outstanding bonds of the
City; and resolving other matters incident and related to the redemption of
such bonds.
WHEREAS, pursuant to an ordinance passed and adopted by the City Council of the City
of Allen, Texas, the following described obligations were duly authorized to be issued and are
currently outstanding, to wit:
City of Allen, Texas, Waterworks and Sewer System Revenue Refunding and
Improvement Bonds, Series 1992, dated July 15, 1992, aggregating in original
principal amount of $3,285,000, and representing a portion of such bonds
maturing on June 1, 2003 through June 1, 2012;
AND WHEREAS, the above identified bonds were authorized, issued, sold and delivered
subject to the right and authority of the City to redeem the same prior to maturity, as provided in
the authorizing ordinance and in said bonds; and
WHEREAS, in connection with the advance refunding of the above described bonds, the
Council hereby finds and determines that bonds of such series should be redeemed prior to their
maturities on the date and in the manner hereinafter provided and in accordance with the
requirements prescribed therefor and notice of redemption of such bonds should be approved and
authorized to be given at this time by the Council; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS:
SECTION 1: The bonds of that series known as "City of Allen, Texas, Waterworks and
Sewer System Revenue Refunding and Improvement Bonds, Series 1992", dated July 15, 1992,
in the following principal amounts for each maturity, to wit:
and aggregating in principal amount $3,285,000, shall be redeemed and the same are hereby
called for redemption on June 1, 2002, at the price of par and accrued interest to the date of
Total
Amount
Year of
Principal
Being
Maturity
Amount
Redeemed
2003
$ 555,000
$ 430,000
2004
590,000
455,000
2005
625,000
485,000
2006
665,000
515,000
2007
705,000
545,000
2008
670,000
520,000
2009
95,000
75,000
2010
105,000
80,000
2011
110,000
85,000
2012
120,000
95,000
and aggregating in principal amount $3,285,000, shall be redeemed and the same are hereby
called for redemption on June 1, 2002, at the price of par and accrued interest to the date of
' redemption. The City Secretary is hereby authorized and directed to Ile a copy of this resolution,
together with a suggested form of notice of redemption to be sent to bondholders, with Chase
Bank of Texas, National Association (successor paying agent to Ameritrust Texas National
Association), in accordance with the redemption provisions applicable to such bonds; such
suggested form of notice of redemption being attached hereto as Exhibit A and incorporated
herein by reference as a part of this resolution for all purposes. Additionally, in accordance with
the terms of the ordinance authorizing the issuance of such bonds, the Paying Agent/Registrar
is hereby authorized and directed to make a lot selection of the bonds of each maturity to be
redeemed in part and make arrangements to notify bondholders of such lot selection as soon as
possible.
SECTION 2: The redemption of the bonds described above being associated with the
advance refunding of such bonds, the approval, authorization and arrangements herein given and
provided for the redemption of such bonds on the redemption date designated therefor and in the
manner provided shall be irrevocable upon the issuance and delivery of the "City of Allen, Texas,
Waterworks and Sewer System Revenue Refunding and Improvement Bonds, Series 1999",
dated February 1, 1999; and the City Secretary is hereby authorized and directed to make all
arrangements necessary to notify the holders of such obligations of the City's decision to redeem
such bonds on the date and in the manner herein provided and in accordance with the ordinance
authorizing the issuance of the obligations.
PASSED AND ADOPTED, this January 7, 1999.
' CITY OF ALLEN, TEXAS
Mayor
ATTEST:
(City Seal)
1 .,,.a.,, 2
' EXHIBIT A
NOTICE OF REDEMPTION
CITY OF ALLEN, TEXAS,
WATERWORKS AND SEWER SYSTEM
REVENUE REFUNDING AND IMPROVEMENT BONDS
SERIES 1992
DATED JULY 15, 1992
NOTICE IS HEREBY GIVEN that a portion of the bonds of the above series in the
aggregate principal amount of $3,285,000 (being a portion of the bonds maturing on June 1 in
each of the years 2003 through 2012) have been called for redemption on June 1, 2002 at the
redemption price of par and accrued interest to the date of redemption, such bonds being
identified as follows:
Year of
Principal Amount
Principal Amount
Maturity
Outstandinc
To Be Redeemed
2003
$ 555,000
$ 430,000
2004
590,000
455,000
2005
625,000
485,000
2006
665,000
515,000
2007
705,000
545,000
'
2008
670,000
520,000
2009
95,000
75,000
2010
105,000
80,000
2011
110,000
85,000
2012
120,000
95,000
A LOT SELECTION has been made and your Bond has been selected for redemption.
All such bonds selected for redemption shall become due and payable on June 1, 2002, and
interest thereon shall cease to accrue from and after said redemption date and payment of the
redemption price of said bonds shall be paid to the registered owners of the bonds only upon
presentation and surrender of such bonds to designated offices of Chase Bank of Texas, National
Association, Dallas, Texas (successor paying agentfregistrar to Ameritrust Texas National
Association).
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for the
redemption of said bonds and pursuant to a resolution by the City Council of the City of Allen,
Texas.
CHASE BANK OF TEXAS,
NATIONAL ASSOCIATION,
as Paying Agent/Registrar
Address: 2200 Ross Avenue, So Floor
Dallas, Texas 75201
Resolution No. 1674-1-99(R)
GENERAL CERTIFICATE
STATE OF TEXAS
CITY OF ALLEN
We, theundersigned duly appointed and acting CityManager and City Secretary, respectively,
of the City of Allen, Texas (the "City"), do hereby certify as follows:
1. This Certificate is executed with reference to that issue of bonds styled "North Texas
Municipal Water District Water System Revenue Bonds, Series 2001," in the principal amount of
$39,000,000 (the "Bonds").
2. The City is a duly incorporated Home Rule City, operating and existing under the
Constitution and laws of the State of Texas.
3. The Resolution Authorizing and DirectingtheExecution oftheNorth TexasMunicipal
Water District Regional Water Supply Facilities Contract and Providing for the Effect of said
Resolution and Contract, adopted by the governing body of the City on February 4, 1999, is in full
force and effect and has not been amended, modified, or supplemented, and complies with all
applicable provisions of the Charter.
4. The North Texas Municipal Water District Regional Water Supply Facilities Contract,
dated as of October 1, 1998 (the "Contract"), between the City and North Texas Municipal Water
District (the "Issuer") has been duly authorized and executed by the City, is in full force and effect
and has not be amended, modified, or supplemented, and complies with all applicable provisions of
the City's Charter.
5. The payments of the City to the Issuer pursuant to the Contract constitute operating
expenses ofthe City's waterworks (the "System") and such payments must be made prior to payment
of the City's bonded indebtedness payable from revenues of the System.
6. No litigation is pending against the City or, to the best of my knowledge, threatened
against the City in any way contesting (a) the right and power of the City in connection with arry
action taken by it towards concerning the execution of the Contract or (b) the titles or authority of
the current members of the City Council of the City.
7. The persons executing the Contract were, on the date or dates of the execution ofthe
Contract, the duly elected or appointed Mayor and City Secretary, respectively, of the City and the
signatures appearing on the Contract are the genuine signatures of said officers.
8. Peter Vargas is the duly appointed and acting City Manager of the City and the
signature set forth below is his true and correct signature.
9. The Attorney General ofthe State ofTexasishereby authorized todate this cerificate
concurrently with the delivery of its opinion approving the Bonds.
:. 31 2001
SIGNED AND SEALED this
CITY OF ALLEN, TEXAS
f r�
City Man er
ATTEST:
(CITY SEAL)
A&
CITY OF ALLEN
July 30, 2001
Mr. Alan H. Raynor
McCall, Parkhurst & Horton L.L.P.
717 North Harwood
Ninth Floor
Dallas, TX 75201-6587
RE: North Texas Municipal Water District Water System Revenue Bonds,
Series 2001
Dear Mr. Raynor:
Per your instructions, I am enclosing seven (7) executed copies of the General
Certificate for the City of Allen. Once the documents have been dated by the
Attorney General, please forward a completed original document for our records.
If you have questions, please do not hesitate to contact our office.
Sincerely,
Connie S. Schofield
Management Assistant
Office of the City Manager
enclosures
ONE ALLEN CIVIC PLAZA • ALLEN. TEXAS 75013
9721727-0100 • FAX 9721/27-0165
EMAIL: c @ci.allen.Axxs