1990-054City of Southlake, Texas
RESOLUTION NO.90-54
A RESOLUTION APPROVING AND AUTHORIZING
PUBLICATION OF NOTICE OF INTENTION TO
ISSUE CERTIFICATES OF OBLIGATION.
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, for the purpose of
paying contractual obligations to be incurred for utility
relocations incident thereto and the acquisition of land and
right-of-way therefore, and, professional services; 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 a newspaper of general circulation in the City,
said notice stating the time and place the Council tentatively
proposes to pass the ordinance authorizing the issuance of the
certificates, the maximum amount proposed to be issued, the
purposes for which the certificates are to be issued and the
manner in which the Council proposes to pay the certificates; now,
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, THAT:
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 in the principal
amount not to exceed $1,000,000 for the purpose of paying
contractual obligations to be incurred for utility relocations,
incident thereto and the acquisition of land and right-of-way
therefore, and professional services, such certificates to be
payable from ad valorem taxes and a limited pledge of the net
revenues of the City's combined Waterworks and Sanitary Sewer
System. 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. 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.
City of Southlake, Texas
Resolution 90-54, Approving and Authorizing
Publication of notice of intention to issue certificates
of obligation.
page two
PASSED AND APPROVED this the 26th day of July, 1990.
Sandra L. LeGrand
City Secretary
APPROVED AS'TO FORM:
City Attorney
City of Southlake, Texas
CITY OF SOUTHLAKE, TEXAS
By:
G2fry Fickes, Mayor 0
EXHIBIT "A"
NOTICE OF INTENTION TO ISSUE CITY OF SOUTHLAKE,
CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of
Southlake, Texas, shall convene at 7:30 o'clock P.M. on the 21st
day of August, 1990, at its regular meeting place in the City
Hall, 667 North Carroll Avenue, Southlake, Texas, and, during
such meeting, the City Council will consider the first reading of
an ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $1,000,000 for the purpose
of paying contractual obligations to be incurred for utility
relocations incident thereto and the acquisition of land and
right-of-way- therefor, and professional services, such
certificates to be payable from ad valorem taxes and a limited
pledge of the net revenues of the City's combined Waterworks and
Sanitary Sewer System. 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 L. LeGrand, City Secretary
City of Southlake, Texas