1994-053RESOLUTION NO. 94-53
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 (the "Act"), for the purpose of paying
contractual obligations to be incurred for (i) the construction of
improvements and extensions to the City's combined Waterworks and
Sewer System, (ii) the purchase of land for future city facilities,
including, but not limited to, a new city hall and park facilities,
iii) the purchase of materials, equipment and machinery for the
public safety and public works departments, including vehicles,
camera equipment, radio system and street equipment and machinery,
and (iv) professional services rendered in relation to such
projects 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 6th day of December, 1994, which
certificates of obligation shall be issued in a principal amount
not to exceed $6,595,000 for the purpose of paying contractual
obligations to be incurred for (i) the construction of improvements
and extensions to the City's combined Waterworks and Sewer System,
ii) the purchase of land for future city facilities, including,
but not limited to, a new city hall and park facilities, (iii) the
purchase of materials, equipment and machinery for the public
safety and public works departments, including vehicles, camera
equipment, radio system and street equipment and machinery, and
iv) professional services rendered in relation to such projects
and the financing thereof and shall payable from ad valorem taxes
and a limited pledge of the net revenues derived from the operation
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.
0207215
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.
PASSED AND ADOPTED, this November 1, 1994.
yor, C'£y of outhlake, Texas
ATTEST:
a.,,)
City Secretary, City of
Southlake, Texas
City Seal)
0207215 -2-
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 6th day of
December, 1994, 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 certificates of obligation
in an amount not to exceed $6,595,000 for the purpose of paying
contractual obligations to be incurred for (i) the construction of
improvements and extensions to the City's combined Waterworks and
Sewer System, (ii) the purchase of land for future city facilities,
including, but not limited to, a new city hall and park facilities,
iii) the purchase of materials, equipment and machinery for the
public safety and public works departments, including vehicles,
camera equipment, radio system and street equipment and machinery,
and (iv) professional services rendered in relation to such
projects and the financing thereof; 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.
0207207
Sandra LeGrand
City Secretary, City of
Southlake, Texas