HomeMy WebLinkAboutCity Council Resolutions (R-02-1898)-01/22/2002
RESOLUTION R-02-1898
A RESOLUTION APPROVING AND AUTHORIZING PUBLICATION OF
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION,
SERIES A 2002
WHEREAS, the City Council of the City of Colleyvi 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 (the "Act"), for the purpose of paying contractual obligations to be
incurred for (1) public works projects in Reinvestment Zone Number One,
to wit: street improvements (John McCain Road), including drainage,
utilities, signage, lighting and landscaping, and (2) professional services
rendered in relation to such project 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:
Sec. 1.
Sec. 2.
Sec. 3.
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 19th day of
February 2002, which certificates of obligation shall be issued in a
principal amount not to exceed $700,000, for the purpose of paying
contractual obligations to be incurred for (1) public works projects in
Reinvestment Zone Number One, to wit: street improvements (John
McCain Road), including drainage, utilities, signage, lighting and
landscaping, and (2) professional services rendered in relation to such
project 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
consecutive weeks, the date of the first publication to be at least fifteen
(15) days prior to the date stated therein for the second reading and final
passage and adoption of the ordinance authorizing the issuance of the
certificates of obligation.
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
Resolution R-02-1898
Page 2 of 2
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 SO IT IS RESOLVED.
Passed by a vote of 5 ayes, 0 nays, and
c2.:LNd... day of ~ 2002.
o
abstentions on this
ATTEST:
CITY OF COLLEYVILLE
~>'k-
De~
Mayor
Cynthia Singleton, TRMC
City Secretary
EXHIBIT 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 19th day of February, 2002, at the City Hall, 5400 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 $700,000 for the purpose of paying
contractual obligations to be incurred for (1) public works projects in Reinvestment Zone
Number One, to wit: street improvements (John McCain Road), including drainage,
utilities, signage, lighting and landscaping, and (2) professional services rendered in
relation to such project 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