HomeMy WebLinkAboutCity Council Resolutions (R-89-462)-07/06/1989
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RESOLUTION B-89-462
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A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
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WHEREAS, the Ci ty Counci 1 of the City of Co lleyvi lIe,
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)
constructing street improvements, including drainage incidental
thereto and the acquisition of land and rights-of-way therefor,
and (ii) professional services rendered in connection
therewi th; . and
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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
COLLEYVILLE, 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 p~incipal
amount not to exceed $1,250,000 for the purpose of paying con-
tractual obligations to be incurred for (i) constructing street
improvements, including drainage incidental thereto and the
acquisition of land and rights-of-way therefor, and (ii)
professional services rendered in connection therewith, such
certificates to be payable from ad valorem taxes and a limited
pledge of the net revenues of the Ci ty I 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.
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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 firs t publ ication 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.
Hesolution R-89-462
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PASSED AND ADOPTED, this the 6th day of July, 1989.
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Colleyville, Texas
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rteSO~U~lon li-~~-4b~
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E~H1Brr 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
15thday of August, '1989, 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 passage of an ordinance authorizing the
issuance or certificates of obligation in an amount not to
exceed $1,250,000 for the purpose of paying contractual
obligations to be incurred for (i) constructing street
improvements, including drainage incidental thereto and the
acquisition of land and rights-of-way therefor, (ii)
professional services rendered in connection therewith, such
certificates to be payable from ad valorem taxes and a limited
pledge of the net revenues of the Ci ty' s combined Waterworks
and Sanitary Sewer System. The certificates are to be issued,
and this potice is given, under and pursuant to the provisions
of V.T.C.A., Local Government Code, Subchapter C of Chapter 271.
CiJL~
Colleyville, Texas
38005