HomeMy WebLinkAboutResolution No. 2025-114CITY OF THE COLONY, TEXAS
RESOLUTION NO.2025-_N_
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS DECLARING EXPECTATION TO REIMBURSE
EXPENDITURES WITH PROCEEDS OF FUTURE DEBT.
WHEREAS, the City Council of the City of The Colony, Texas (the "City"), intends to
issue debt for acquiring, improving, equipping the City's police and fire departments, including
the acquisition of vehicles related thereto, constructing and improving streets within the City,
including the acquisition of vehicles and equipment related thereto, constructing and improving
facilities for the public works department, including the acquisition of vehicles and equipment
related thereto, constructing and acquiring improvements to the City's parks and recreation
department, including the acquisition of vehicles and equipment related thereto, improving the
City's outdoor warning system, constructing and improving the City's stormwater drainage
facilities and acquiring, constructing, and improving the City's facilities maintenance and fleet
maintenance facilities, all as generally listed in Exhibit A (collectively, the "Projects") and expects
to make certain capital expenditures with respect to the Projects and currently desires and expects
to reimburse the capital expenditures with proceeds of such debt;
WHEREAS, under Treas. Reg. § 1.150-2 (the "Regulation"), to fund such reimbursement
with proceeds of tax-exempt obligations, the City must declare its expectation to make such
reimbursement; and
WHEREAS, the City 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 THE COLONY, TEXAS:
Section 1: That The City reasonably expects to reimburse capital expenditures with respect to
the Projects with proceeds of debt hereafter to be incurred by the City, and this resolution shall
constitute a declaration of official intent under the Regulation.
Section 2: That the maximum principal amount of obligations expected to be issued for the
Projects is $. 9,500,000.00.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS, THIS 8th DAY OF OCTOBER, 2025.
Richard Boyer, Mayor
City of The Colony, Te
ATTES
Tina Stewart, TRMC, CMC, City Secretarys r: 7 .
City of The Colony, Texas
(City Seal)
299677924.2/1001330712
EXHIBIT A
GENERAL LIST OF PROJECTS
299677924 2/1001330712 A-1
Capital Outlay
Department Title
Communi Image
1/2 Ton Pickup Truck
Fire
1/2 Ton Pickup Truck
Fire
3/4 Ton Pickup Truck
Emergency Management
Outdoor Warning Sirens
Fire
Medic 14 Replacement
PW - Streets
Semi Tractor w/ 5th Wheel
Engineering ineerin
Sanita Sewer Manhole Replacement
Engineering
Phase 16 Street Reconstruction
Engineering
Mill & Asphalt Overly
Facilities Maintenance IBuilding Maitenance Equipment
Facilities Maintenance JHVAC Split System Re lacements Police
Facilities Maintenance I HVAC Unit Replacements (Government Admin)
Fire
Extrication Tools
Fire
1/2 Ton Pickup Truck
Fire
3/4 Ton Pickup Truck
Fire
Rescue Shoding Struts and Stabalizers
Fire
Medic 14 Replacement
Fleet Fuel Master Live
Fleet Tire Balancing and Mounting Machines
Fleet I Mobile Column Lifts
Police
T ler Cloud Mi ration & RMS Upgrade
Police
Crime Prevention Drone
Police
Mobile Radio Replacement
Police
Replace Police Vehicles
PW - Streets
Walk Behind Track Loader
PW - Streets
5th Wheel E ui ment Trailer
PW - Streets
112 Ton 4x4 Pickup Truck
PW - Streets
Attenuator Trailer 2x
PW - Streets
3/4 Ton Pickup Truck
PW - Streets
Semi Tractor w/ 5th Wheel
PW - Streets
Backhoe Loader
PW - Streets
1 Ton Pickup Truck 2x
PW - Streets
8 Yard Dump Truck 2x
PW - Streets
General Street Repairs
PW - Streets
'General Alley Repairs
�r- -
Stormwater - En North Colon & Reagan Draina a 111110rovements
Lake Parks Ka a Trail at West Shore Park
PARD 314 Ton Picku truck
PARD A uatic Park Renovations
PARD Pe man Pla a round Re lacement
PARD
Athletic Facili UDclrades
Recreation Center Renovation
Stormwater - PW Hydraulic Hammer
Stormwater - PW Rotant Cutters
Stormwater - PW Swivel Dum Mud eu
PW - Waste Water
Sanitarian Truck
PW - Waste Water
SCADA U rade
PW - Waste Water
SxS Re lacemer
TW- Waste Water
Maintainer Truck
PW -Water Dist
Trench Box
pW - Water Dist 1/2 Ton Picku Truck
PW - Water Dist 1 Ton Picku Truck
Small Pickup Dump Truck
PW - Water Dist
PW - Water Prod Rep! SCADA Com utter 5 stem
PW - Water Prod Replace Office Creek Pum #3
pW --water Prod Pull, Inspect and Rebuild Well #3
PW - Water Prod Re lace Ri ht Side Motor Control Center office Creek
PW - Streets
PW - Streets
General
Total:
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