1990-019RESOLUTION NO. 90-19
A RESOLUTION providing for the redemption of certain
outstanding obligations of the City; and
resolving other matters incident and related
to the redemption of such obligations.
WHEREAS, pursuant to ordinances passed and adopted by
the City Council of the City of Southlake, Texas, the following
described obligations were duly authorized to be issued and are
currently outstanding, to wit:
1) City of Southlake, Texas, General
Obligation Bonds, Series 1982, dated February 1,
1982, aggregating in principal amount $210,000, and
scheduled to mature on February 1, 1995 through
February 1, 1997;
2) City of Southlake, Texas, General
Obligation Bonds, Series 1984, dated May 1, 1984,
aggregating in principal amount $275,000, and
scheduled to mature on August 1, 1997 through
August 1, 2001; and
3) City of Southlake, Texas, Combination
Tax and Revenue Certificates of Obligation, Series
1985, dated April 1, 1985, aggregating in principal
amount $1,225,000, and scheduled to mature on
April 1, 1998 through April 1, 2001;
AND WHEREAS, the above identified obligations were
authorized, issued, sold and delivered subject to the right and
authority of the City to redeem the same prior to maturity, as
provided in the respective authorizing ordinances and in said
obligations; and
WHEREAS, in connection with the advance refunding of the
above described obligations, the Council hereby finds and
determines that obligations of the respective series should be
redeemed prior to their maturities on the dates and in the
manner hereinafter provided and in accordance with the
requirements prescribed therefor and notice of redemption of
such obligations should be approved and authorized to be given
at this time by the Council; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
SECTION_ 1: That the bonds of that series known as "City
of Southlake, Texas, General Obligation Bonds, Series 1982",
dated February 1, 1982, being bonds numbered 39 through 80,
C',
each in the denomination of $5,000, and maturing in the years
1995 through 1997, and aggregating in principal amount
210,000, shall be redeemed and the same are hereby called for
redemption on February 1, 1994, at the price of par and accrued
interest to the date of redemption. The City Secretary is
hereby authorized and directed to cause a notice of redemption
to be filed with First National Bank of Grapevine, Grapevine,
Texas, the "paying agent", which notice of redemption shall be
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 the bonds of that series known as "City
of Southlake, Texas, General Obligation Bonds, Series 1984",
dated May 1, 1984, maturing in the years 1997 through 2001, and
aggregating in principal amount $275,000, shall be redeemed and
the same are hereby called for redemption on August 1, 1996, at
the price of par and accrued interest to the date of
redemption. The City Secretary is hereby authorized and
directed to file a copy of this resolution, together with a
suggested form of notice of redemption to be filed with
bondholders, with First City, Texas -Austin, N.A., Austin, Texas
successor to First City National Bank of Austin), in
accordance with the redemption provisions applicable to such
bonds; such suggested form of notice of redemption being
attached hereto as Exhibit B and incorporated herein by
reference as a part of this resolution for all purposes.
SECTION 3: That the certificates of that series known
as "City of Southlake, Texas, Combination Tax and Revenue
Certificates of Obligation, Series 1985", dated April 1,, 1985,
maturing in the years 1998 through 2001, and aggregating in
principal amount $1,225,000, shall be redeemed and the same are
hereby called for redemption on April 1, 1997, at the price of
par and accrued interest to the date of redemption. The City
Secretary is hereby authorized and directed to file a copy of
this resolution, together with a suggested form of notice of
redemption to be filed with certificateholders, with First
City, Texas -Austin, N.A., Austin, Texas (successor to First
City National Bank of Austin), in accordance with the
redemption provisions applicable to such certificates; such
suggested form of notice of redemption being attached hereto as
Exhibit C and incorporated herein by reference as a part of
this resolution for all purposes.
SECTION 4: The redemption of the obligations described
above being associated with the advance refunding of such
obligations, the approval, authorization and arrangements
herein given and provided for the redemption of such
obligations on the redemption dates designated therefor and in
2-
the manner provided shall be irrevocable; and the City
Secretary is hereby authorized and directed to make all
arrangements necessary to notify the holders of such
obligations of the City's decision to redeem such obligations
on the dates and in the manner herein provided and in
accordance with the ordinances authorizing the issuance of the
obligations.
PASSED AND ADOPTED, this March 6, 1990.
ATTEST:
City Secretary
City Seal)
5 9 9 0 C
CITY OF SOUTHLAKE, TEXAS
Mayor
3-
EXHIBIT A
NOTICE OF REDEMPTION
CITY OF SOUTHLAKE, TEXAS,
GENERAL OBLIGATION BONDS, SERIES 1982
DATED FEBRUARY 1, 1982
NOTICE IS HEREBY GIVEN that the City of Southlake, Texas
has called for redemption on February 1, 1994, the bonds of the
series described above and further identified as follows:
Bonds numbered 39 through 80, each in the
denomination of $5,000, aggregating in principal
amount $210,000, and scheduled to mature on
February 1 in each of the years 1995 through 1997.
NOTICE IS FURTHER GIVEN that due and proper arrangements
have been made for providing First National Bank Grapevine,
Grapevine, Texas, the paying agent for such bonds, with
sufficient funds to pay the principal amount of such bonds and
the accrued interest thereon to the above designated redemption
date. Such bonds shall cease to bear interest from and after
such redemption date.
THIS NOTICE is issued and given pursuant to the terms
and conditions prescribed for the redemption of said bonds and
pursuant to a resolution passed by the City Council of the City
of Southlake, Texas.
WITNESS MY OFFICIAL SIGNATURE, this the 6th day of
March, 1990.
City Secretary
City of Southlake, Texas
The above and foregoing Notice of Redemption was duly
received and filed with the First National Bank of Grapevine,
Grapevine, Texas, this
FIRST NATIONAL BANK OF GRAPEVINE
By:
Title:
Bank Seal)
5 9 9 1 C
EXHIBIT B
NOTICE OF REDEMPTION
CITY OF SOUTHLAKE, TEXAS,
GENERAL OBLIGATION BONDS,
SERIES 1984
DATED MAY 1, 1984
NOTICE IS HEREBY GIVEN that the bonds of the above
series described below and aggregating in principal amount
275,000 have been called for redemption on August 1, 1996 at
the redemption price of par and accrued interest to the date of
redemption, such bonds being identified as follows:
Bond Year of
Number Maturity
1997
1998
1999
2000
2001
Principal Amount Amount to be
Outstanding Redeemed
45,000
50,000
55,000
60,000
65,000
45,000
50,000
55,000
60,000
65,000
THE ABOVE DESCRIBED BONDS shall become due and payable
on August 1, 1996, and interest thereon shall cease to accrue
from and after said redemption date and payment of the
redemption price of said bonds shall be paid to the registered
owners of the bonds only upon presentation and surrender of
such bonds to the principal office of First City, Texas -Austin,
N.A., Austin, Texas (successor to First City National Bank of
Austin).
THIS NOTICE is issued and given pursuant to the terms
and conditions prescribed for the redemption of said bonds and
pursuant to a resolution by the City Council of the City of
Southlake, Texas.
FIRST CITY, TEXAS -AUSTIN, N.A.,
as Paying Agent/Registrar
Address: P. 0. Box 1727
Austin, Texas 78767
5 9 9 1 C
EXHIBIT C
NOTICE OF REDEMPTION
CITY OF SOUTHLAKE, TEXAS,
COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 1985
DATED APRIL 1, 1985
NOTICE IS HEREBY GIVEN that the certificates of the
above series described below and aggregating in principal
amount $1,225,000 have been called for redemption on April 1,
1997 at the redemption price of par and accrued interest to the
date of redemption, such certificates being identified as
follows:
Bond Year of
Number Maturity
1998
1999
2000
2001
Principal Amount
Outstanding
265,000
290,000
320,000
350,000
Amount to be
Redeemed
265,000
290,000
320,000
350,000
THE ABOVE DESCRIBED OBLIGATIONS shall become due and
payable on April 1, 1997, and interest thereon shall cease to
accrue from and after said redemption date and payment of the
redemption price of said obligations shall be paid to the
registered owners of the bonds only upon presentation and
surrender of such obligations to the principal office of First
City, Texas -Austin, N.A., Austin, Texas (successor to First
City National Bank of Austin).
THIS NOTICE is issued and given pursuant to the terms
and conditions prescribed for the redemption of said
certificates and pursuant to a resolution by the City Council
of the City of Southlake, Texas.
FIRST CITY, TEXAS -AUSTIN, N.A.,
as Paying Agent/Registrar
Address: P. O. Box 1727
Austin, Texas 78767
5 9 9 1 C
3-14-95 ; 9:49AM ; 817 481t5581;# 2! 5
RESOLUTION NO. 90-19
A RESOLUTION providing for the redemption of certain
outstanding obligations of the City; and
resolving other matters incident and related
to the redemption of such obligations.
WHEREAS, pursuant to ordinances passed and adopted by
the City Council of the City of Southlake, Texas, the following
3escribed obligationsswer
wit:
authorized to be issued and are
currenotly 9,
l) City of Southlake, Texas, General
Obligation Bonds, Series 1982, dated February 1,
1982, aggregating In principal amount $210,000, and
scheduled to mature on February 1, 1995 through
February 1, 1997;
2) City of Southlake, Texas, General
Obligation Bonds, Series 1984, dated May 1, 1984,
aggregating in principal amount $275,000, and
scheduled to mature on August 1, 1997 through
August 1, 2001; and
3) City of Southlake, Texas, Combination
Tax and Revenue Certificates of Obligation, Series
198S, dated April 1, 1985, aggregating in principal
amount $1,225,000, and scheduled to mature on
April 1, 1998 through April 1, 2001;
AND WHEREAS, the above identified obligations were
authorized, issued, sold and delivered subject to the right and
authori'ty of the City to redeem the same prior to maturity, as
provided in the respective authorizing ordinances and in said
obligations; and
WHBRLAS, in connection with the advance refunding of the
above described obligations, the Council hereby finds and
determines that obligations of the respective series should be
redeemed prior to their maturities on the dates and in the
manner hereinafter provided and in accordance with the
requirements prescribed therefor and notice of redemption of
Such obligations should be approved and authorized to be given
at this time by the Council; now, therefore,
BE IT RESOLVED Sir THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
SECTION is That the bonds of that series known as "City
Of Southlake, Testas, General Obligation Bonds, Series 1982",
dated February 1, 1982, being bonds numbered 39 through 80,
i
ido
hin the denomination of $5,000, and maturing in the years
eat
through 1997, and aggregating in principal amount
10,000, shall be redeemed and the same are hereby called for
de,pption on February 1, 1994, at the price of par and accrued
interest
to the date of redemption. The City Secretary is
ereby
authorised and directed to cause a notice of redemption
be filed with First National Bank of Grapevine, Grapevine,
texas the "paying agent", which notice of redemption shall be
s,ibstantially
in the form and content of Exhibit A attached
yereto and incorporated herein by reference as a part of this
resolution
for all Purposes.
SECTION 2: That the bonds of that series known as "City
of Southlake, Texas, General Obligation Bonds, Series 1984',
dated May 1, 1984, maturing in the years 1997 through 2001, and
aggregating in principal amount $275,000, shall be redeemed and
the same are hereby called for redemption on August 1, 1996, at
the price of par and accrued interest to the date of
redemption. The City Secretary is hereby authorised and
directed to file a copy of this resolution, together with a
suggested form of notice of redemption to be filed with
bondholders, with First City, Texas( -Austin, N.A., Austin, Texas
successor to First City National Bank of Austin), in
accordance with the redemption provisions applicable to such
bonds; such suggested form oC notice of redemption being
attached hereto as Exhibit B and incorporated herein by
reference as a part of this resolution for all purposes.
SECTION 3: That the certificates of that series known
as "City of Southlake, Texas, Combination Tax and Revenue
Certificates of Obligation, Series 1985", dated April 1, 1985,
maturing in the years 1998 through 2001, and aggregating in
principal amount $1,225,000, shall be redeemed and the same are.
hereby called for redemption on April 1, 1997, at the price of
par and accrued interest to the date of redemption. The City
Secretary is hereby authorized and directed to file a copy of
this resolution, together with a suggested form of notice of
redemption to be filed with certificateholders, with First
City, Texas -Austin, N.A., Austin, Texas (successor to First
City National Sank of Austin), in accordance with the
redemption provisions applicable to such certificates; such
suggested form of notice of redemption being attached hereto as
Exhibit C and incorporated herein by reference as a part of
this resolution for all purposes.
SECTION 4: The redemption of the obligations described
above being associated with the advance refunding of such
obligations, the approval, authorization and arrangements
herein givers and provided far the redemption of such
Obligations on the redemption dates designated therefor and in
2-
NOTICE OF REDEMPTION
CITY OF SOUTHLAKE, TEXAS,
GENERAL OBLIGATION BONDS, SERIES 1982
DATED FEBRUARY I, 1982
NOTICE IS HEREBY GIVEN that the City of
was called for redemption on February 1, 1994,
ries
described above and further identified as
817 481t5581;# .5/ 5
Southlake, Texas
the bonds of the
follows:
Bonds numbered 39 through 80, each in- the
denomination of $5,000, aggregating in principal
amount $210,000, and scheduled to mature on
February 1 in each of the years 1995 through 1997.
NOTICE IS FURTHER GIVEN that due and proper arrangements
nave been made for providing First National Bank of Grapevine,
Grapevine, Te:aa, the paying agent for such bonds, with
sufficient funds to pay the principal amount of such bonds and
the accrued interest thereon to the above designated redemption
date. Such bonds Shall cease to bear interest from and after
such redemption date,
THIS NOTICE is issued and given pursuant to the terans
and conditions prescribed for the redemption of said bonds and
pursuant to a resolution passed by the City Council of the City
of Southlake, Texas.
WITNESS MY OFFICIAL SIGNATURE,
March, 1990.
this the 6th day of
ty Secretary
City of Southlake, Texas
The above and foregoing Notice of Redemption was duly
received and filed with the First National Bank of Grapevine,
Grapevine, Texas, this OR 7199 ,
Hank Seal}
FIRST NATIONAL BANK OF GRAPEVINE
8y:
Title: