R405RESOLUTION 405
A RESOLUTION REGARDING A FINANCING AGREEMENT
FOR THE PURPOSE OF PROCURING WATER METERS AND
RELATED TECHNOLOGY.
WHEREAS, the City of Kennedale (the "City "), has determined to enter into a financing
agreement with Global Water Management, LLC, ( "GWM ") for the purpose of procuring
additional water meters and related technology equipment.
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF KENNEDALE:
Section 1. That the City will enter into a Financing Agreement dated as of August 8,
2013 with GWM for the purpose of procuring said meters and equipment.
Section 2. That the Financing Agreement is designated a "qualified tax exempt
obligation" for the purposes of Section 265 (b) (3) of the Internal Revenue Code of
1986, as amended.
Section 3. That the City authorizes Bob Hart, City Manager, to sign the Financing
Agreement and resolve all other matters pertaining thereto.
Adopted by the City Council in a meeting held on the 8th day of August, 2013.
APPROVED: