NOTICE OF INTENT TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Waco, Texas (the “City”), will meet at the Bosque Theater at the Waco Convention Center at 100 Washington Avenue, Waco , Texas at 6:00 p.m. on January 18, 2022 (unless other meeting arrangements are necessary to address public health concerns, which will be specified in the notice of such meeting published in accordance with applicable law ), which is the time and place provisionally fixed for the adoption of one or more ordinances and any other measure deemed necessary to authorize the issuance from time to time of one or more series of certificates of obligation of the City ( the “certificates”), in the maximum total principal amount not exceeding ONE HUNDRED SIXTEEN MILLION DOLLARS ($ 116,000,000), payable from ad valorem taxes and a limited pledge of certain excess revenues from the network of aqueduct and sewer the City in a Amou shall not exceed $ 1,000, bearing interest at any rate or at rates not exceeding the maximum interest rate permitted by law, as determined at the discretion of City Council of the city at the time of the issuance of the certificates, and expiring a period not exceeding forty (40) years from the date of issue, for the purpose of proving the indebtedness of the City for all or part of the costs associated with (1) the construction, expansion, renovation, restoration and repair of and improvements to the City’s fire and police stations and installations, including in each case the acquisition of land and related rights-of-way; (2) construction and acquisition and improvement of city streets, traffic control systems, sidewalks, landscaping, street lighting and drainage, including in each case the acquisition of land and related rights of way; (3) the construction, acquisition, restoration and improvement of parks and recreational facilities, including in each case the acquisition of land and related rights-of-way; (4) the acquisition of vehicles, fire-fighting equipment and other equipment for the purposes authorized by the City; 5 ° improvement of the sanitary sewer network and of the City’s facilities, including in each case the acquisition of land and related rights of way; (6) improvements to the city’s water system and installations, including in each case the acquisition of land and related rights-of-way; (7) construction, acquisition and improvement of the City’s solid waste disposal system, facilities and equipment; (8) improvements to the City’s drainage utility system and facilities, including in each case the acquisition of land and associated rights-of-way; and (9) professional services incurred in connection with items (1) to (8), and to pay costs incurred in connection with the issuance of certificates. The estimated combined principal and interest required to pay the certificates on time and in full is $ 145,158,708. This estimate is provided for guidance only and is based on an assumed interest rate of 2.21%. Market conditions affecting interest rates vary based on a number of factors beyond the control of the City, and the City cannot and does not guarantee any particular interest rate associated with the Certificates. As of the date of this notice, the total principal amount outstanding of the debt securities of the City benefiting from tax assistance (excluding public securities guaranteed by an ad valorem tax but designated by the City as autonomous in resolution n ° 2021 -843 of the month of November 16, 2021, the resolution of which is available on request from the City) is $ 138,740,000, and according to the expectations of the City, as of the date of this notice, the combined principal and interest required to pay all overdue City tax-financed debt (excluding government securities secured by an ad valorem tax but designated by the City as self-sustaining) on time and in full is $ 175,540,527. WITNESS OF MY HAND, this 16th day of November 2021. / s / Esmeralda Hudson City Secretary City of Waco, Texas
2021-11-19