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1999-008 Resolution RESOLUTION NO. 99-08 A RESOLUTION approving and authorizing publication of notice of intention to issue $3,610.000 in principal amount of certificates of obligation for the payment of contractual obligations incurred the construction of publicworks in Reinvestment Zone Number One, City of Southlake, Texas . 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 publicworks in Reinvestment Zone Number One, to wit: acquiring, constructing and equipping a new city hall, including related site improvements and landscaping, and (b) professional services rendered in relation to such project 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 6`h day of April, 1999, which certificates of obligation shall be issued in a principal amount not to exceed $3,610,000 for the purposes of paying contractual obligations to be incurred for(a) the construction of public works in Reinvestment Zone Number One, to wit: acquiring, constructing and equipping a new city hall, including related site improvements and landscaping, and (b) professional services rendered in relation to such project and the financing thereof. Such certificates shall be payable from ad valorem taxes and from a lien on and pledge of tax increment revenues on deposit in the tax increment fund established for Reinvestment Zone Number One, City of Southlake, Texas. 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. 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. 755831.1 • 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, ity of Southla , exas ATTEST: kii).)1/444dt-- i ° City Secretary, City of Southlake, Texas \� OF SO!!r pis (Cita •NN~••••.•tip�� V 755831.1 -2- • • 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 $3,610,000 for the purposes of paying contractual obligations to be incurred for(a) the construction of public works in Reinvestment Zone Number One, to wit: acquiring, constructing and equipping a new city hall, including related site improvements and landscaping, and (b) professional services rendered in relation to such project and the financing thereof. Such certificates shall be payable from ad valorem taxes and from a lien on and pledge of tax increment revenues on deposit in the tax increment fund established for Reinvestment Zone Number One, City of Southlake, Texas. 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 755831.1