HomeMy WebLinkAboutCity Council Resolutions (R-99-1490)-03/23/1999
RESOLUTION R-99-1490
A RESOLUTION APPROVING AND AUTHORIZING THE 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.C.A., Local Government Code, Subchapter C of
Chapter 271 (the "Act"), for the purpose of paying contractual
obligations to be incurred for (i) constructing and equipping a
police/m unicipal court building, including the acquisition of land
therefor, and (ii) professional services rendered in relation to such
project and the financing thereof; and
WHEREAS, prior to the issuance of such certificates, the 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 CITY OF
COLLEYVI LLE, TEXAS:
Sec. 1:
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 o'clock
P. M. on the 20th day of April, 1999, which certificates of obligat ion
shall be issued in a principal amount not to exceed $7,170,000, for
the purpose of paying contractual obligations to be incurred for (i)
constructing and equipping a police/municipal court building,
including the acquisition of land therefor, and (ii) professional
services rendered in relation to such project and the financing
thereof, and shall be payable from ad valorem taxes and net
revenues derived from the operation of the City's combined
Waterworks and Sewer System in a limited amount and in a
subordinate manner as provided in the aforesaid 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
passage of the ordinance authorizing the issuance of the certificates
of obligation.
Resolution R-99-1490
Page 2 of 2
AND IT IS SO RESOLVED.
paSSed.g~ a '!te of~ayes and-.Qnays and LLabstentions on this the 23r:r1
day of.M(lrCt! , 1999.
jJ~
J n Harris, CMC
City Secretary
~ ?F COLLEYVILLE
'''~\ W ~
Richard Newton
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 20th day of April, 1999, 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 $7,170,000 for the
purpose of paying contractual obligations to be incurred for (i) constructing and
equipping a police/municipal court building, including the acquisition of land
therefor, and (ii) professional services rendered in relation to such project and the
financing thereof; such certificates to be payable from ad valorem taxes and net
revenues of the City's combined Waterworks and Sewer System in a limited
amount and in a subordinate manner as provided in the aforesaid 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.
Jean Harris TRMC, CMC
City Secretary
City of Colleyville, Texas