HomeMy WebLinkAboutRes 13-02 Authorizing Consultants and Staff to Prepare for the Issuance of Certificates of ObligationTOWN OF WESTLAKE
RESOLUTION NO. 13-02
RESOLUTION AUTHORIZONG THE TOWN'S CONSULTANTS AND STAFF TO
PREPARE FOR THE ISSUANCE OF CERTIFICATES OF OBLIGATION; AND
RESOLVING OTHER MATTERS RELATED THERETO
WHEREAS, the Town of Westlake, Texas (the "Town") is authorized to issue certificates of
obligation to fund public improvements for the Town;
WHEREAS, this Town Council has determined that it may be in the best interest of the Town
to issue certificates of obligation to fund improvements for Westlake Academy and the construction of a
water storage tank;
WHEREAS, in furtherance of such determination, this Town Council desires that the
Town's financial advisor, bond counsel and appropriate professional staff of the Town take such
action as is necessary to prepare for the issuance of certificates of obligation; and
WHEREAS, it is hereby officially found and determined that the meeting at which this
Resolution was considered 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 WESTLAKE:
SECTION 1: Lawrence Financial Consulting LLC, the Town's Financial Advisor,
McCall, Parkhurst & Horton L.L.P., the Town's Bond Counsel, and the appropriate professional
staff of the Town are hereby authorized and directed to take such actions and to prepare such
documentation as is necessary to prepare for the issuance of certificates of obligation by the
Town for the purposes described above, including preparation of a resolution directing
publication of notice of intent to issue such certificates to be considered for adoption at the
February 25, 2013, Town Council meeting
SECTION 2: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
Resolution 13-02
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SECTION 3: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 28th DAY OF JANUARY, 2013.
ATTEST:
411�uCDS
Kell Edw , Town Secretary
APPROVED AS TO FORM:
Laura L. Wheat, Mayor
Thomas E. Brym w Manager
Resolution 13-02
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