HomeMy WebLinkAboutCity Council Resolutions (R-89-463)-07/06/1989
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RESOLUTION R-89-463
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A RESOLUTION approving and authorizing the giving of
notice of intention to issue revenue bonds.
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WHEREAS, the City Council of the City of Colleyville,
Texas, has determined that revenue bonds should be issued in
accordance with the provisions of Articles 1111 et seq. and
2368a, V.A.T.C.S. to finance the costs of making improvements
and extensions to the City's combined Waterworks and Sewer
System; and
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WHEREAS,
the Counci I is
issue the same
therefore,
prior to the issuance of said revenue bonds,
requi red to give notice of its intention to
. in the manner and time provided by law; now,
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BE 'IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
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SECTION 1: That the City Secretary is hereby authorized
and directed to cause notice to be given of the Council's
intention to meet at 7: 30 0' clock P. M. on the 10th day of
August, 1989, and, during such meeting, consider the passage
and adoption of an ordinance authorizing the issuance of
revenue bonds in an amount not to exceed $750,000.00 for the
purpose of making improvements and extensions to the Ci ty' s
combined 'Waterworks and Sewer System. The notice hereby
approved and authorized to be given shall read substantially in
the form and content of Exhibit A attached hereto and
incorporated herein by reference as a part of this resolution
for all purposes.
SECTION 2: That such notice shall be (i) published in
a newspaper having general circulation in the City of
Colleyville, Texas, once a week for two consecutive weeks and
(ii) posted at City Hall, the date of posting at the City Hall
and the date of the first publication of such notice to be at
least fourteen (14) days prior to the date stated therein for
the passage of the ordinance authorizing the issuance of the
revenue bonds.
PASSED AND ADOPTED, this the 6th day of July, 1989.
(i?i<!:iJ~~
yo r , i tY 0
Colleyville, Texas
..A~~J~, ~.
City secretarY~ of
Colleyville, Texas
(City Seal)
37945
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EYHlBrT Il~ ,-
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NOTICE OF INTENTION TO ISSUE
CITY OF COLLEYVILLE, TEXAS, REVENUE BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City
of Colleyville, Texas, shall convene at 7:30 o'clock P.M. on
the 15th day of August, 1989, at its regular meeting place in
the City Hall, 5400 Bransford Road, Colleyville, Texas, and
during such meeting, the Counci I wi II consider the passage of
an ordinance authorizing the issuance of revenue bonds in a
principa I amount not to exceed $ 750 J 000. OCfor the purpose of
making improvements and extensions to the City's combined
Waterworks and Sewer System. Such revenue bonds shall mature
not later than December 31, 2019 and bear interest at such rate
or rates (not to' exceed 15% per annum) as determined by the
City Council. Such bonds shall be payable solely from and
equ~lly secured by a lien on and pledge of the net revenues of
the City's combined Waterworks and Sanitary Sewer System.
The holder of such bonds shall never have the right to
demand payment out of any funds raised or to be raised by
taxation.
This Notice is
direction, of the City
Texas, and in accordance
V.A.T.C.S.
issued pursuant to authori ty and!
Council of the City of Colleyville,
with the provisions of Article 2368a,
~b1:yQ~
Colleyville, Texas
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