HomeMy WebLinkAboutCity Council Resolutions (R-90-645)-12/18/1990
RESOLUTION R-90-645
A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
WHEREAS, the City Council of the City of Colleyville,
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 purchasing
and improving land for park purposes and to pay contracts for
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
Ci ty, said notice stating (i) the time and place the Counci 1
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
COLLEYVILLE, TEXAS:
SECTION 1: That the City Secretary is hereby authorized
and di rected to cause not ice to be publ i shed of the Counc il' s
intention to issue certificates of obligation in the principal
amount not to exceed $850,000 for purchasing and improving land
for park purposes and to pay contracts for 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)
Resolution R-90- 645
Page 2
days prior to the date stated therein for the third reading and
final passage of the ordinance authorizing the issuance of the
certificates of obligation.
PASSED AND ADOPTED, this December 18, 1990.
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Mayor, City of Colleyville, Texas
ATTEST:
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C1ty Secretary, City
Colleyville, Texas
(City Seal)
49885
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Resolution R-90-645
Page 3
LAHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
COLLEYVILLE, TEXAS, CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of
Colleyville, Texas, shall convene at 7:30 o'clock P.M. on the
22nd day of January, 1991, at its regular meeting place in the
meeting room at the City Hall, 5400 Bransford Road,
Colleyville, Texas, and, during such meeting, the City Council
will consider the third reading and final passage of an
ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $850,000 for purchasing
and improving land for park purposes and to pay contracts for
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
Colleyville, Texas
4 '3 8 '3 S