R-3132-1-13RESOLUTION NO. 3132-1-13(R)
' A RESOLUTION declaring expectation to reimburse expenditures with proceeds of
future debt.
WHEREAS, the City of Allen, Texas (the "Issuer") intends to issue debt for (a) acquiring,
constructing, improving and maintaining streets, thoroughfares, bridges, alleyways and sidewalks within the
City, including related storm drainage improvements, traffic signalization and signage, streetscaping and
median improvements, and utility relocations and the acquisition of land and rights of way therefor, and (b)
renovating, repairing and equipping existing municipal public buildings, (collectively, the "Projects");
WHEREAS, prior to the issuance of such debt, the City intends to make certain capital expenditures
with respect to the Projects from existing funds on hand, and it is the intent of the City to reimburse such
funds with proceeds of such debt;
WHEREAS, under Tress. Reg. § 1.150-2 (the "Regulation'), to fund such reimbursement with
proceeds of tax-exempt obligations, the Issuer must declare its expectation to make such reimbursement; and
WHEREAS, the Issuer desires to preserve its ability to reimburse the capital expenditures with
proceeds of tax-exempt obligations.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ALLEN, TEXAS THAT: the Issuer reasonably expects to reimburse capital expenditures with respect to the
Projects with proceeds of debt hereafter to be incurred by the Issuer, and that this resolution shall constitute a
declaration of official intent under the Regulation. The maximum principal amount of obligations expected to
' be issued for the Projects is $3,265,000.
PASSED AND APPROVED, this January 22, 2013.
CIU OF ALLEN, TEXAS
ST HEN TERRELL, IAYOR
1
f:V WII*11111N
Ara SIWLLEY B. GEORGE, TRMC, CITY SECRETARY
V (City Seal)
78604441.1/oeo09902