Notice of Intent to Issue Certificates of Obligation

EXHIBIT A

 NOTICE OF INTENT
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF IOWA COLONY, TEXAS

       The City Council of the City of Iowa Colony, Texas (the “City”) shall convene at 7:00 p.m. on May 16, 2022, at its regular meeting place in the Council Chambers, Iowa Colony City Hall, 12003 Iowa Colony Boulevard, Iowa Colony, Texas, to consider the passage of an ordinance authorizing the issuance of certificates of obligation in a principal amount not to exceed $14,000,000 (the “Certificates”) for the purposes of financing (1) all or any part of the acquisition, construction, installation and equipping of a police station and additional City office space physically connected thereto; (2) professional services related to item (1); and (2) costs of issuance of the Certificates. The City proposes to provide for the payment of the Certificates from the levy and collection of ad valorem taxes in the City as provided by law and from a limited pledge of net revenues (in an amount not to exceed $500), if any, received by the City from the ownership and operations of the City’s park system.

       The estimated combined principal and interest required to pay the Certificates on time and in full is $21,222,089.17. Such estimate is provided for illustrative purposes only and is based on an assumed interest rate of 3.55%. 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 a particular interest rate associated with the Certificates. As of the date of this notice, the aggregate principal amount outstanding of tax-supported debt obligations of the City is $1,175,000, and based on the City’s expectations, as of the date of this notice, the combined principal and interest required to pay all of the outstanding tax-supported debt obligations of the City on time and in full is $1,350,491. The Certificates may bear interest at any rate or rates, not to exceed the maximum interest rate authorized by law, as shall be determined within the discretion of the City Council at the time of issuance of the Certificates. The Certificates may mature over a period of years not to exceed forty (40) years from the date thereof.

       This notice is given pursuant to Subchapter C of Chapter 271, Texas Local Government Code.