HomeMy WebLinkAboutCity Council Resolutions (R-94-1070)-12/06/1994
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RESOLUTION R-94-1070
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SCHEDULE AND PREPARE
SUPPORTING DOCUMENTS FOR THE SALE OF GENERAL OBLIGATION AND
DRAINAGE FUND REVENUE BONDS.
WHEREAS, the City Council has established the construction of a new fire station and
the improvement of drainage and street systems as two of the highest
priorities of the City's capital improvement program, and
WHEREAS, the citizens of Colleyville approved the sale of bonds for the construction of
a new fire station and the improvement of streets and drainage in the
Chelsea, Woodbriar and Colleyville Estates subdivisions, and
WHEREAS, the City Council established a Municipal Drainage Utility District and set a
fee to be levied on developed properties to support improvements to
drainage systems
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THAT:
Sec. 1.
The City Manager is authorized to schedule and prepare supporting
documents for the sale of approximately $2,500,000 in general obligation
bonds for the new fire station and street improvements in the Chelsea Park,
Woodbriar and Colleyville Estates subdivisions and approximately
$1,500,000 in revenue bonds for drainage system improvements.
AND IT IS SO RESOLVED.
Passed ~ a vote of S ayes and 0 nays and
(p - day of .J>tLt.wJJ tf I 1994.
o abstentions on this the
ATTEST:
CITY OF COLLEYVILLE:
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Cheryl Feigel ( .
Mayor
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J~~rriS, CMC
City Secretary