2000-007qqp
RESOLUTION NO.4o-07
A RESOLUTION approving and authorizing publication of notice of intention to issue
12,000,000 in approximate principal amount of certificates of obligation for
the payment of contractual obligations incurred the construction of public
works in Reinvestment Zone Number One, City of Southlake, Texas.
WHEREAS, the City Council of the City of Southlake, 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 purposes of paying contractual obligations
to be incurred for (a) the construction of public works in Reinvestment Zone Number One, to wit:
acquiring, constructing and equipping a new city hall, including related site improvements and
landscaping, and (b) 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 SOUTHLAKE, TEXAS:
SECTION 1: 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 7:00 P.M. on the r day of March, 2000, which certificates of obligation shall be issued
in a principal amount not to exceed $12,000,000 for the purposes of paying contractual obligations
to be incurred for (a) the construction of public works in Reinvestment Zone Number One, to wit:
acquiring, constructing and equipping a new city hall, including related site improvements and
landscaping, and (b) 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 Southlake, 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.
SECTION 2: 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 adoption of the ordinance authorizing the issuance of the certificates of obligation.
SECTION 3: 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.
8169M.1
SECTION 4: This Resolution shall be in force and effect from and after its passage on the
date shown below.
PASSED AND ADOPTED, this January 18, 2000.
MKoF, City of Sou , Texas
ATTEST:
City Secretary, City of
Southlake, Texas
City Seal)
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
SOUTHLAKE. TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Southlake, Texas, shall convene at
7:00 o'clock P.M. on the 7th day of March, 2000, at its regular meeting place in the City Hall, 667
N. Carroll Avenue, Southlake, Texas, and, during such meeting, the City Council will consider the
second reading and final adoption of an ordinance authorizing the issuance of capital appreciation
certificates of obligation (obligations sold at a discount and pay no accrued interest prior to
maturity) in a maximum maturity amount (not to exceed $24,500,000) to produce proceeds
principal amount) in an amount not to exceed $12,000,000 for the purposes of paying contractual
obligations to be incurred for (a) the construction of public works in Reinvestment Zone Number
One, to wit: acquiring, constructing and equipping a new city hall, including related site
improvements and landscaping, and (b) 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 Southlake, 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.
Sandra LeGrand
City Secretary, City of Southlake, Texas
816906.1