HomeMy WebLinkAboutCity Council Resolutions (R-01-1752)-01/16/2001
RESOLUTION R-01-1752
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.e.A., Local Government Code, Subchapter C of Chapter
271 (the "Act"), for the purpose of paying contractual obligations to be
incurred for (a) public works projects in Reinvestment Zone Number One,
to wit: (1) constructing and equipping a new city hall and a new municipal
library, including related site improvements, landscaping, and parking
facilities, and (2) street improvements (Riverwalk Drive), including
drainage, utilities, signage, lighting and landscaping, and (b) 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
COLLEYVILLE, TEXAS:
Sec1.
Sec. 2
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
during a meeting scheduled to begin at 7:30 p.m. on the 6th day of
February, 2001, which certificates of obligation shall be issued in a
principal amount not to exceed $7,285,000, for the purpose of paying
contractual obligations to be incurred for (a) public works projects in
Reinvestment Zone Number One, to wit: (1) constructing and equipping a
new city hall and a new municipal library, including related site
improvements, landscaping, and parking facilities, and (2) street
improvements (Riverwalk Drive), including drainage, utilities, signage,
lighting and landscaping, and (b) professional services rendered in relation
to such projects and the financing thereof. Such certificates shall be
payable from ad valorem taxes and from a lien on and pledge of tax
increment revenues on deposit in the tax increment fund established for
Reinvestment Zone Number One, City of Colleyville, Texas. 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.
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
Resolution R-01-1752
Page 2 of 2
consecutive weeks, the date of the first publication 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.
Sec.3
THAT it is officially found, determined, and declared that the meeting at
which this Resolution is adopted was open to the public and public notice
of the time, place, and subject matter of the public business to be
considered at such meeting, including this Resolution, was given, all as
required by V.T.C.A., Government Code, Chapter 551, as amended.
Sec. 4
THAT this Resolution shall be in force and effect from and after its
passage on the date shown below.
AND IT IS SO RESOLVED.
Passed by a vote of ~ ayes, 2
the /~~ day Of-1 v l1.Ar
nays and
,2001.
o
abstentions on this
ATTEST:
CITY OF COLLEYVILLE
~?~~~
Cynthia Singleton, TRMC
City Secretary
lK~~
Mayor
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
COLLEYVILLE, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the CitYt Council of the City of Colleyville, Texas, shall
convene at 7:30 o'clock p.m. on the 6 h day of February, 2001, at the City Hall, 5400 E.
Bransford Road, Colleyville, Texas, and during such meeting, the City Council will
consider the second reading and final adoption of an ordinance authorizing the issuance
of certificates of obligation in an amount not to exceed $7,285,000 for the purpose of
paying contractual obligations to be incurred for (a) public works projects in
Reinvestment Zone Number One, to wit (1) constructing and equipping a new city hall
and a new municipal library, including related site improvements, landscaping, and
parking facilities, and (2) street improvements (Riverwalk Drive), including drainage,
utilities, signage, lighting and landscaping, and (b) professional services rendered in
relation to such projects and the financing thereof. Such certificates shall be payable
from ad valorem taxes and from a lien on and pledge of tax increment revenues on
deposit in the tax increment fund established for Reinvestment Zone Number One, City
of Colleyville, Texas. 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.
Cynthia Singleton
City Secretary, City of Colleyville, Texas