1999-004 RESOLUTION NO. 99-04
A RESOLUTION approving and authorizing publication of notice of intention to
issue $17,030,000 in principal amount of certificates of obligation for
various capital improvement projects.
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, to wit: (i)
improvements and extensions to water and sewer facilities, (ii)street improvements, including land
and rights-of-way acquisition, incidental drainage and traffic signalization, (iii) drainage
improvements, including the purchase of land and rights-of-way, and (iv) improvements and
repairs to the City's storage and administrative facility for the public works department, (b) the
purchase of technology equipment and software for city facilities and departments and for the
purchase of water and sewer utility lines, 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 6th day of April, 1999, which certificates of obligation shall be issued
in a principal amount not to exceed$17,030,000 for the purposes of paying contractual obligations
to be incurred for(a) the construction of public works, to wit: (i) improvements and extensions to
water and sewer facilities, (ii) street improvements, including land and rights-of-way acquisition,
incidental drainage and traffic signalization, (iii) drainage improvements, including the purchase
of land and rights-of-way, and (iv) improvements and repairs to the City's storage and
administrative facility for the public works department, (b) the purchase of technology equipment
and software for city facilities and departments and for the purchase of water and sewer utility
lines, 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.
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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.
SECTION 4: This Resolution shall be in force and effect from and after its passage on the
date shown below.
PASSED AND ADOPTED, this February 16, 1999.
Mayor, City of Southlake,- s
ATTEST:
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City Secretary, City of
Southlake, Texas
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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 6th day of April, 1999, 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 $17,030,000 for the purposes of paying contractual
obligations to be incurred for (a) the construction of public works, to wit: (i) improvements and
extensions to water and sewer facilities, (ii)street improvements,including land and rights-of-way
acquisition, incidental drainage and traffic signalization, (iii) drainage improvements, including
the purchase of land and rights-of-way, and (iv) improvements and repairs to the City's storage
and administrative facility for the public works department, (b) the purchase of technology
equipment and software for city facilities and departments and for the purchase of water and
sewer utility lines, 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
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