1992-012CITY OF SOUTHLAKE, TEXAS
RESOLUTION NO. 92-12
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 (i) street
improvements, including related drainage, curbs, gutters and
utility line relocations, and (ii) 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 (i) the time and place the Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certificates, (ii) the maximum amount proposed
to be issued, (iii) the purposes for which the certificates are
to be issued and (iv) 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:
SECTION 1: 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 in the principal
amount not to exceed $1,300,000 for the purpose of paying
contractual obligations to be incurred for (i) street
improvements, including related drainage, curbs, gutters and
utility line relocations, and (ii) 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 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 first reading of
the ordinance authorizing the issuance of the certificates of
obligation.
PASSED AND ADOPTED, this April 7, 1992.
Ma r
ityof Sou lake, Texas
ATTEST:
Secretary, yaF 3
Fm-
Tty of
Southlake, Texas
City Seal)
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a
r
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 5th
day of May, 1992, 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 first reading of an
ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $1,.300,000 for the
purpose of paying contractual obligations to be incurred for
i) street improvements, including related drainage, curbs,
gutters and utility line relocations, and (ii) 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 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.
City Secretary, City of
Southlake, Texas
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