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Home My WebLink About18-1520 01-23-2018 RESOLUTION NO. 18-1520 A RESOLUTION APPROVING AND AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION IN AN AMOUNT NOT TO EXCEED $9,300,000 FOR PUBLIC IMPROVEMENTS. 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 Texas Local Government Code, Subchapter C of Chapter 271, as amended (the "Act"), for the purpose of paying contractual obligations to be incurred for (i) the construction of public works, to wit: (a) constructing, renovating, enlarging, equipping, and improving various streets, roads, bridges, overpasses, alleyways, thoroughfares, sidewalks, pathways and related municipal facilities within the City, including lane markings, signage, street drainage, curbs, gutters, ADA accessibility, traffic signals, lighting and landscaping related thereto and the acquisition of necessary rights-of-way and land in connection therewith; (b) constructing, renovating, enlarging, equipping, and improving water and wastewater facilities for the City and the acquisition of necessary rights-of-way and land in connection therewith; and (c) renovating, improving and equipping existing City buildings and facilities for police, fire and other City departments, including HVAC system and lighting improvements, and (ii) 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, THAT: 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 pm. on the 13th day of March, 2018, which certificates of obligation shall be issued in one or more series in a principal amount not to exceed $9,300,000, for the purpose of paying contractual obligations to be incurred for (i) the construction of public works, to wit: (a) constructing, renovating, enlarging, equipping, and improving various streets, roads, bridges, overpasses, alleyways, thoroughfares, sidewalks, pathways and related municipal facilities within the City, including lane markings, signage, street drainage, curbs, gutters, ADA accessibility, traffic signals, lighting and landscaping related thereto and the acquisition of necessary rights-of-way and land in connection therewith; (b) constructing, renovating, enlarging, equipping, and improving water and wastewater facilities for the City and the acquisition of necessary rights-of-way and land in connection therewith; and (c) renovating, improving and equipping existing City buildings and facilities for police, fire and other City departments, including HVAC system and lighting improvements, and (ii) professional services rendered in relation to such projects and the financing thereof; such certificate to be payable from ad valorem taxes and a limited 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 thirty-one (31) days prior to the date stated therein for the passage of the ordinance authorizing the issuance of the certificates of obligation. APPROVED AND ADOPTED at a regular meeting of the Euless City Council on January 23, 2018, by a vote of- ayes, o nays, and o abstentions. APPROVED: /10V Linda Martin, Mayor ATTEST: "Kfm Sutter, TRMC, City Secretary Resolution No. 18-1520, Page 2 of EXHIBIT A NOTICE OF INTENTION TO ISSUE CITY OF EULESS, TEXAS TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2018 TAKE NOTICE that the City Council of the City of Euless, Texas, shall convene at 7:00 o'clock P.M. on the 13th day of March, 2018, at its regular meeting place in the City Hall located at 201 N. Ector Dr. Euless, Texas, and, during such meeting, the City Council will consider the passage of an ordinance authorizing the issuance of certificates of obligation, in one or more series, in an amount not to exceed NINE MILLION THREE HUNDRED THOUSAND DOLLARS ($9,300,000) for the purpose of paying contractual obligations to be incurred for (i) the construction of public works, to wit: (a) constructing, renovating, enlarging, equipping, and improving various streets, roads, bridges, overpasses, alleyways, thoroughfares, sidewalks, pathways and related municipal facilities within the City, including lane markings, signage, street drainage, curbs, gutters, ADA accessibility, traffic signals, lighting and landscaping related thereto and the acquisition of necessary rights-of-way and land in connection therewith; (b) constructing, renovating, enlarging, equipping, and improving water and wastewater facilities for the City and the acquisition of necessary rights-of-way and land in connection therewith; and (c) renovating, improving and equipping existing City buildings and facilities for police, fire and other City departments, including HVAC system and lighting improvements, and (ii) 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 water and sewer system. The certificates are to be issued, and this notice is given, under and pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271, as amended. Kim Sutter, TRMC, City Secretary City of Euless, Texas Resolution No. 18-1520, Page 3 of 3 Star-Teleg%,W Arlington Citizen-Journal I The Keller Citizen I La Estrella Mansfield News-Mirror I Star-Telegranf Northeast I Weatherfof d Star-Telegram star-telegram.com 1 808 Throckmorton St.I Ft Worth,Tx.76102-6315 1 800.776.7827 AFFIDAVIT OF PUBLICATION Account# Ad Number Identification PO Amount Cols I Dept9L,600565 0003495281 NOTICE OF INTENTION TO ISSUE CITY OF EU . . Attention: THE STATE OF TEXAS CITY OF EULESS County of Tarrant 201 N ECTOR DR Before me, a Notary Public in and for EULESS, TX 760393543 said County and State,this day personally appeared CHRISTINE LOPEZ, Bid and Legal Coordinator for the Star-Telegram, published by the Star-Telegram, Inc. at Fort Worth, in Tarrant County, Texas; and NOTICE OF INTENTION TO ISSUE CITY OF EULESS,TEXAS who, after being duly sworn, did TAX AND REVENUE depose and say that the attached CERTIFICASERIES 02018 OBLIGATION, TAKE NOTICE that the City Council clipping of an advertisement was of the City of Euless, Texas, published in the above named paper shall convene at 7:00 o'clock On the listed dates: P.M. on the 13th day of March, pace in the City at its Hr alllo located at 201 N. Ector Dr. Euless, Texas, and, during such meeting, the City Council will consider the passage of an ordinance author- 2 Insertion(s) izing the Issuance of certifi- cates of obligation, in one or Published On: more series, in an amount not to exceed NINE MILLION THREE HAURNDREED 300 OUSANDhehe DP L- January 25,2018,February 01, pose of paying contractual obll- 2018 gations to be Incurred for(i)the construction of public works,to it: (a) constructing, renovating, enlarging, equip- ping, and improving various streets, roads, bridges, over- passes, alleyways, thorough- fares, sidewalks, pathways and related municipal facilities with- in the City,including lanemark- ' ings, signage, street drainage, tu; s, ficterssignalss,,,Alightil ngalnld landscaping related thereto and the acquisition of necessary rights-of-way and land in con- ` vection therewith; (b) con- structing,renovating,enlarging, equipping, and Improving water (Principal Clerk) and wastewater facilities for the City and the acquisition of necessary rights-of-way and land in connection therewith; SUBSCRIBED AND SWORN TO and (c) renovating, Improving and equipping existing City BEFORE ME,THIS 1st day of buildings and facilities for Po- February in the year of 2018 lice,fire and other City depart- ments, including HVAC system and lighting improvements, and (ii) professional services ren- dered in relation to such Proj- ects "� ,such certifiatesthe atolbe payable � 'from ad valorem taxes and a 7 111�� limited pledge of the net reve- nues of the city's water and sewer system. The certificates are to be issued,and this notice is given, under and pursuant to the provisions of Texas Local Government Code,Subchapter C of Chapter 271,as amended. « .�,L 0�', LL`! Kim Sutter,TRMC,City Secretary ary Public, State of Texas City of Euless,Texas N Comm Expires 09-24-2021 Notary ID 120^x.,,..,,,