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1998-026RESOLUTION NO. 98 - 26 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 purposes of paying contractual obligations to be incurred for (a) the construction of i) improvements and extensions to water and sewer facilities, (ii) street improvements, including the acquisition of land and rights- of-way therefor and drainage incidental thereto and for traffic signalization, (iii) storm sewer drainage improvements, (b) the purchase of materials, supplies, equipment and machinery furniture, computer hardware and software, vehicles, communication equipment, mowers, etc.) for city facilities and departments, including the city hall, the public works department, the parks and recreation department and the public safety department, and (c) 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 19th day of May, 1998, which certificates of obligation shall be issued in a principal amount not to exceed 14,000,000 for the purposes of paying contractual obligations to be incurred for (a) the construction of (i) improvements and extensions to water and sewer facilities, (ii) street improvements, including the acquisition of land and rights-of-way 'therefor and drainage incidental thereto and for traffic signalization, (iii) storm sewer drainage improvements, (b) the purchase of materials, supplies, equipment and machinery (furniture, computer hardware and software, vehicles, communication equipment, mowers, etc.) for city facilities and departments, including the city hall, the public works department, the parks and recreation department and the public safety department, and (c) professional services rendered in relation to such projects and the financing thereof. Such certificates of obligation 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. 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 April 7, 1998. Mayor; City of Southlake, Texas ATTEST: City Secretary, city of Southlake, Te Co .•........ . . . X. 0 city SdW! tul 4 (710§ mam W . 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 19th day of May, 1998, 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 $14,000,000 for the purposes of paying contractual obligations to be incurred for (a) the construction of (i) improvements and extensions to water and sewer facilities, (ii) street improvements, including the acquisition' of land and rights-of-way therefor and drainage incidental thereto and for traffic signalization, (iii) storm sewer drainage improvements, (b) the purchase of materials, supplies, equipment and machinery (furniture, computer hardware and software, vehicles, communication equipment, mowers, etc.) for city facilities and departments, including the city hall, the public works department, the parks and recreation department and the public safety department, and (c) professional services rendered in relation to such projects and the financing thereof. Such certificates shall 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. Sandra LeGrand City Secretary, City of Southlake, Texas 0508308