HomeMy WebLinkAbout022083 RES - 11/15/1994A RESOLUTION
STATEMENT EXPRESSING OFFICIAL INTENT TO
REIMBURSE COSTS OF FACILITIES TO HOUSE THE
HISTORICAL COLUMBUS SHIP REPLICAS, THE NINA,
PINTA, AND SANTA MARIA, FOR DISPLAY ADJACENT TO
AND IN CONJUNCTION WITH THE CORPUS CHRISTI
MUSEUM OF SCIENCE AND HISTORY.
WHEREAS, the City of Corpus Christi, Texas, ("Issuer") is a municipality of the State of
Texas; and
WHEREAS, the Issuer expects to pay expenditures in connection with the design, planning,
acquisition and construction of the project described on Exhibit "A" hereto ("Project") prior to the
issuance of obligations to finance the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. The Issuer reasonably expects to incur debt, as one or more series of
obligations, with an aggregate maximum principal amount equal to $3,900,000.00 for the purpose
of paying the costs of the Project.
SECTION 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No
tax-exempt obligations will be issued by the Issuer in furtherance of this Statement after a date which
is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on
which the property, with respect to which such expenditures were made, is placed in service.
SECTION 3. The foregoing notwithstanding, no tax-exempt obligation will be issued
pursuant to this Statement more than three years after the date any expenditure which is to be
reimbursed is paid.
ATTEST:
City Secretary
1�Y
MAYOR
CITY OF CORPUS CHRISTI
APPROVED THIS 10TH DAY OF NOVEMBER, 1994
JAMES R. BRAY JR., CITY ATTORNEY
URB\RES \94004.aar
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MICROFILMED
Design, planning and construction of facilities to house the historical Columbus ship replicas, the
Nina, Pinta, and Santa Maria, for display adjacent to and in conjunction with the Corpus Christi
Museum of Science and History.
URB \ RES \94004.aar
EXHIBIT "A"
Corpus Christi, Texas
ID day of Mov e vVl be ( , 19 64
The above resolution was passed by the following vote:
Mary Rhodes
Dr. Jack Best
Melody Cooper
Cezar Galindo
Betty Jean Longoria
Edward A. Martin
Dr. David McNichols
David Noyola
Clif Moss
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