HomeMy WebLinkAbout95-914 09-26-1995RESOLUTION NO. 95 -914
A RESOLUTION approving and authorizing publication of
notice of intention to issue tax and waterworks and
sewer system (limited pledge) revenue 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 construction of public works,
to wit: street, drainage and park improvements, and the payment of
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 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: 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 $5,200,000 for the construction of public
works, to wit: street, drainage and park improvements, and the
payment of professional services rendered in relation to such
projects and the financing thereof, such certificates to be
payable from ad valorem taxes and a limited pledge of the net
revenues 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.
SECTION 3: It is officially found, determined, and
declared that the meeting at which this Resolution is adopted was
open to the public and public notice of the time, place, and
0277359
subject matter of the public business to be considered at such
meeting, including this Resolution, was given, all as required by
V.T.C.A., Government Code, Chapter 551, as amended.
PASSED AND ADOPTED, this September 26, 1995.
Mayor
City of Euless, Texas
Yii-CZaat}
ATTEST:
4,
City Secr =tary, City of
Euless, Texas
(City Seal)
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF EULESS,
TEXAS, TAX AND WATERWORKS AND SEWER SYSTEM
JLIMITED PLEDGE) REVENUE CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Euless,
Texas, shall convene at 6:30 o'clock P.M. on the 17th day of
October, 1995, at its regular meeting place in 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
$5,200,000 for the construction of public works, to wit: street,
drainage and park improvements, and the payment of professional
services rendered in relation to such projects and the financing
thereof, such certificates to be payable from ad valorem taxes and
a limited 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