HomeMy WebLinkAbout00-1057 02-22-2000RESOLUTION NO. 00-1057
A RESOLUTION approving and authorizing publication of notice of intention
to issue certificates of obligation.
WHEREAS, the City Council of the City of Euless, Texas, has determined that certificates
of obligation should be issued under and pursuant to the provisions of V.T.C.A., Local Government
Code, Subchapter C of Chapter 271 (the "Act "), for the purpose of paying contractual obligations
to be incurred for (i) the construction and equipment of police facilities, including the purchase of
land therefor, (ii) the purchase of golf carts for the municipal golf course, and (iii) professional
services rendered in relation to such projects and the financing thereof; and
WHEREAS, prior to the issuance of such certificates, the City Council is required to publish
notice of its intention to issue the same in accordance with the provisions of the Act; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS:
SECTION 1: The City Secretary is hereby authorized and directed to cause notice to be
published of the Council's intention to issue certificates of obligation during a meeting scheduled
to begin at 7:00 P.M. on the 16th day of March, 2000, which certificates of obligation shall be issued
in a principal amount not to exceed $8,900,000, for the purpose of paying contractual obligations
to be incurred for (i) the construction and equipment of police facilities, including the purchase of
land therefor, (ii) the purchase of golf carts for the municipal golf course, and (iii) professional
services rendered in relation to such projects and the financing thereof, and shall be payable from
ad valorem taxes and a lien on and pledge of the net revenues derived from the operation of the
City's combined Waterworks and Sewer System. The notice hereby approved and authorized to
be published shall read substantially in the form and content of Exhibit A hereto attached and
incorporated herein by reference as a part of this resolution for all purposes.
SECTION 2: The City Secretary shall cause the aforesaid notice to be published in a
newspaper of general circulation in the City, once a week for two consecutive weeks, the date of
the first publication to be at least fifteen (15) days prior to the date stated therein for the passage
of the ordinance authorizing the issuance of the certificates of obligation.
PASSED AND ADOPTED, this February 22, 2000.
ATTEST:
ty
(City Seal)
823179.1
City of Euless, Texas
Mayor, of of Euless, Texas
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
EULESS, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Euless, Texas, shall convene at 7:00
o'clock P.M. on the 16th day of March, 2000, at the City Hall, 201 N. Ector Drive, Euless, Texas,
and, during such meeting, the City Council will consider the passage of an ordinance authorizing
the issuance of certificates of obligation in an amount not to exceed $8,900,000 for the purpose
of paying contractual obligations to be incurred for (i) the construction and equipment of police
facilities, including the purchase of land therefor, (ii) the purchase of golf carts for the municipal
golf course, and (iii) professional services rendered in relation to such projects and the financing
thereof; such certificates to be payable from ad valorem taxes and a lien on and pledge of the net
revenues of the City's combined Waterworks and Sewer System. The certificates are to be
issued, and this notice is given, under and pursuant to the provisions of V.T.C.A., Local
Government Code, Subchapter C of Chapter 271.
Susan Crim
City Secretary, City of Euless, Texas
823179.1