HomeMy WebLinkAboutResolution 1733!.
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~~ RESOLUTION
WITH RESPECT TO THE ISSUANCE OF Adopted ResDlution ND.
OBLIGATIONS TO FINANCE FACILITIES
FOR USE AS A COMMUNICATIONS CENTER
• WHEREAS, the City of Fort Worth (the "City") intends to own and operate a
communications system for use by the City; and
WHEREAS, the City has sought bids for the acquisition of equipment for
installation of said system; and
WHEREAS, the City intends to finance the costs incurred in connection with
the acquisition of equipment and other public works necessary. for the operation
of said center through the issuance of one or more series of tax-exempt
obligations; and
WHEREAS, the Cityy may be required .prior to the issuance of said obligations
to fund a portion of tF~e cost of acquiring such equipment and other public works
• with general fund revenues; and
WHEREAS, it is necessary and desirable for the City Council to adopt this
Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
.,,, WORTH, TEXAS THAT:
Section 1. It is the intention of the City to issue one or more series of
obliga ions o the City (the "Reimbursement Bonds")) the interest on which is
excludable from gross income under Section 103 of the Internal Revenue Code of
• 1986 as amended, or the interest on which is not so excludable to obtain
reimbursement for the expenditures the City will make for the property described
in Exhibit A to this Resolution.
Section 2. The property described in Exhibit A hereto is property having
a reasons y expected economic life of at least one (1) year.
Section 3. Payment for the property described in Exhibit A hereto may be
initially m~form the general fund.
Section 4. The City declares that the funds described in Section 3 of this
Resolu iolr n are not reasonably expected to be allocated on a long-term basis,
reserved, or otherwise available pursuant to its budget for financing of the
property described in Exhibit A hereto.
Section 5. The principal of, premium if any, and interest due on the
Reimbursemen onds are expected to be paid from ad valorem taxes and available
surplus revenues permitted by law to be pledged to the payment of the
Reimbursement Bonds.
Section 6. The City declares that it has not provided for, and does not
~•-° intend o~provide for, payment of the property described in Exhibit A hereto by
budget or other allocations that are inconsistent with this Resolution.
Section 7. The City hereby directs that this Resolution be continuously
availab?~or inspection by the general public at City Hall in the City
Secretary's Office during normal business hours on every business da be innin
10 days after the date of adoption of this Resolution and ending orlq~h~~,AL~ (g~
issuance of the Reimbursement Bonds. CITI( COU ~CIL
JUN Ig 1991
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`°~ ;` ~ EXHIBIT A
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TITY
DESCRIPTION UA4 N
Trunked Radio System I
1
Law Enforcement System
Trunked Radio S stem II
t 1
System
Local Governmen
Regional<National Interoperability System 1
Control Station 157 #
Mobile Radios 1,389
Portable Radios 1,682 i
System Control and Management System 1
System Interconnection Lot
t
L
~ •
Dispatch Console System o
Dispatch Console 32 '
ComplaintiCalltaker Console Lot •
Alternate Emergency Backup Communication System Lot
Status/IDJEmergency Equipment Lot
Logging Recorder System lot
Automatic Monitor and Control System Lot
Special Test and Maintenance Equipment Lot
Spare Parts and Modules Lot
Special Interfaces Lot
Motorcycle Radios 20
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