HomeMy WebLinkAboutRES 2014-090RESOLUTION NO. 2014-90
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS, EXPRESSING INTENT TO
REIMBURSE EXPENDITURES TO BE INCURRED AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Grapevine, Texas (the "City") is a political subdivision of
the State of Texas authorized to finance its activities by issuing obligations; and
WHEREAS, the City will make, or has made not more than 60 days prior to the
date hereof, payments with respect to the acquisition of two Horton ambulances from
Professional Ambulance through an Interlocal Participation Agreement with The Local
Government Purchasing Cooperative (Buyboard) and the reconstruction of the Jenkins
Street and Wall Street parking lot; and
WHEREAS, the City desires to reimburse itself for the costs associated with the
acquisition from the proceeds of obligations to be issued subsequent to the date hereof;
and
WHEREAS, the City reasonably expects to issue obligations to reimburse itself
for the costs associated with the acquisition; and
WHEREAS, all legal prerequisites for the adoption of this resolution have been
met, including but not limited to the Local Government Code and the Open Meetings
Act; and
WHEREAS, the City Council hereby declares that the approval of this resolution
is in the best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That the City reasonably expects to reimburse itself for costs that
have been or will be paid subsequent to the date that is 60 days prior to the date hereof
and that are to be paid in connection with the acquisition of two Horton ambulances and
the reconstruction of the Jenkins Street and Wall Street parking lot from the proceeds of
obligations to be issued subsequent to the date hereof.
Section 2. That the City reasonably expects that the maximum principal
amount of obligations issued to reimburse the City for the costs associated with the
acquisition will be $800,000.00.
Section 3. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 2nd day of December, 2014.
William D. Tate
Mayor
ATTEST:
Jodi t(;/ Brown
City ' -Secretary
FTAI a a 0-1; [61TI 0
John F. Boyle, Jr.
City Attorney
RES. NO. 2014-90 2