HomeMy WebLinkAboutCity Council Resolutions (R-02-1899)-01/22/2002
RESOLUTION R-02-1899
A RESOLUTION APPROVING AND AUTHORIZING PUBLICATION OF
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION,
SERIES B, 2002
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 (the "Act"), for the purpose of paying contractual obligations
to be incurred for (1) constructing and equipping a city hall and a
municipal library, and (2) 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
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 $3,050,000 for the purpose of paying
contractual obligations to be incurred for (i) constructing and equipping a
city hall and a municipal library, and (2) professional services rendered in
relation to such projects and the financing thereof, and shall be payable
from ad valorem taxes and a pledge of the surplus net revenues of the
City's combined Waterworks and Sewer System (the "System")
remaining after payment of operating and maintenance expenses of the
System and payments for "Prior Lien Obligations" (as defined in said
ordinance). 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
of the time, place, and subject matter of the public business to be
Resolution R-02-1899
Page 2 of 2
Sec. 4
considered at such meeting, including this Resolution, was given, all as
required by v.T.e.A., Government Code, Chapter 551, as amended.
THAT this Resolution shall be in force and effect from and after its
passage on the date shown below.
AN D SO IT IS RESOLVED.
Passed by a vote of ..;/ ayes,
~.:?N&t dayof h/J~
/
2002.
nays, and
o abstentions on this
ATTEST:
~~~~
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
tw:!Gr
Mayor
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,
Colleyville, Texas, and, during such meeting, the City Council will consider the second
reading and final passage and adoption of an ordinance authorizing the issuance of
certificates of obligation in an amount not to exceed $3,050,000 for the purpose of
paying contractual obligations to be incurred for (1) constructing and equipping a city
hall and a municipal library and (2) professional services rendered in relation to such
projects and the financing thereof; such certificates to be payable from ad valorem
taxes and a pledge of the surplus net revenues of the City's combined Waterworks
and Sewer System (the "System") remaining after payment of operating and
maintenance expenses of the System and payments for "Prior Lien Obligations" (as
defined in said ordinance). 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