HomeMy WebLinkAbout90-741 07-24-1990RESOLUTION NO. 90 -741
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, for the purpose of paying
contractual obligations to be incurred for (i) street
improvements, including drainage incidental thereto, (ii) park
improvements, (iii) renovating and expanding fire station
facilities and (iv) professional services; 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 a newspaper of general circulation in the City,
said notice stating (i) the time and place the. Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certificates, (ii) the maximum amount proposed to
be issued, (iii) the purposes for which the certificates are to
be issued and (iv) the manner in which the Council proposes to
pay the certificates; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS:
SECTION 1: That the City Secretary is hereby authorized and
directed to cause notice to be published of the Council's
intention to issue certificates of obligation in the principal
amount not to exceed $2,000,000 for the purpose of paying
contractual obligations to be incurred for (i) street
improvements, including drainage incidental thereto, (ii) park
improvements, (iii) renovating and expanding fire station
facilities and (iv) professional services, such certificates to
be payable from ad valorem taxes and a limited pledge of the net
revenues of the City's combined Waterworks and Sanitary 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: That 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 the 24th day of July, 1990.
APPROVED:
ZCI-41-e■ e<JCtAad
Harold D. Samuels, Mayor
ATTEST:
Susan Crim, City Secretary
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 14th day of
August, 1990, at its regular meeting place in the City Hall,
201 North 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 $2,000,000 for the purpose of paying
contractual obligations to be incurred for (i) street
improvements, including drainage incidental thereto, (ii) park
improvements, (iii) renovating and expanding fire station
facilities and (iv) professional services, such certificates to
be payable from ad valorem taxes and a limited pledge of the
net revenues of the City's combined Waterworks and Sanitary
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.
City Secretary, City of
Euless, Texas
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