HomeMy WebLinkAboutR01-100RESOLUTION NO. R01-100
A RESOLUTION approving and authorizing publication of notice of
intention to issue certificates of obligation.
WHEREAS, the City Council of the City of Plainview, 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) improvements and
extensions to the City's Sewer System, and (ii) 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 PLAINVIEW,
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 22nd day May, 2001, which
certificates of obligation shall be issued in a principal amount not to exceed $10,000,000
for the purpose of paying contractual obligations to be incurred for (i) improvements and
extensions to the City's Sewer System, and (ii) professional services rendered in
relation to such projects and the financing thereof, and shall be payable from ad
valorem taxes and a pledge of the surplus net revenues of the City's combined
Waterworks and Sewer System (the "System") remaining after payment of operating
and maintenance expenses of the System and payments for "Prior Lien Obligations" (as
defined in said ordinance). 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 passage and 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.
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SECTION 4: This Resolution shall be in force and effect from and after its
passage on the date shown below.
PASSED AND ADOPTED, this April 24, 2001.
CITY OF PLAINVIEW, TEXAS
ATTEST:
mayor
City Secretary
(City Seal)
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EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
PLAINVIEW. TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Plainview, Texas, shall
convene at 7:00 o'clock P.M. on the 22nd day of May, 2001, at the City Hall, 901
Broadway, Plainview, Texas, and, during such meeting, the City Council will consider
the second reading and final passage and adoption of an ordinance authorizing the
issuance of certificates of obligation ~n an amount not to exceed $10,000,000 for the
purpose of paying contractual obligations to be incurred for (i) improvements and
extensions to the City's Sewer System, and (ii) professional services rendered in
relation to such projects and the financing thereof; such certificates to be payable from
ad valorem taxes and a pledge of the surplus net revenues of the City's combined
Waterworks and Sewer System (the "System") remaining after payment of operating
and maintenance expenses of the System and payments for "Prior Lien Obligations" (as
defined in said ordinance). 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.
Belinda Hinojosa
City Secretary
City of Plainview, Texas
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