HomeMy WebLinkAboutR08-186229
RESOLUTION NO. R08-186
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) the construction of public works, to wit: (a) the
excavation and lining of a cell for a landfill, including development permits and the purchase of
materials, equipment and machinery therefor, and (b) improvements and extensions to the
City's combined Waterworks and Sewer System and (ii) professional services rendered in
connection with the construction and financing of the foregoing projects; 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 in a principal amount not to
exceed $1,595,000 for the purpose of paying contractual obligations to be incurred for (i) the
construction of public works, to wit: (a) the excavation and lining of a cell for a landfill, including
development permits and the purchase of materials, equipment and machinery therefor, and (b)
improvements and extensions to the City's combined Waterworks and Sewer System and (ii)
professional services rendered in connection with the construction and financing of the
foregoing projects, such certificates to be payable from ad valorem taxes, a limited pledge of the
net revenues of the City's combined Waterworks and Sewer System and a limited pledge of the
net revenues of the City's Sanitation 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 thirty-one (31) days prior to the date stated therein for the
passage 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.
SECTION 4: This Resolution shall be in force and effect from and after its passage on
the date shown below.
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PASSED AND ADOPTED, this May 27, 2008.
CITY OF PLAINVIEW, TEXAS
ATTEST:
`~
City Secretary
(City Seal)
75268630.1/08009902
S-1
231
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 8t" day of July, 2008, at the City Hall, 901 Broadway Street, Plainview
Texas, and, during such meeting, the City Council 'will consider the passage of an ordinance
authorizing the issuance of certificates of obligation in one or more series in an amount not to
exceed $1,595,000 for the purpose of paying contractual obligations to be incurred for (i) the
construction of public works, to wit: (a) the excavation and lining of a cell for a landfill, including
development permits and the purchase of materials, equipment and machinery therefor, and (b)
improvements and extensions to the City's combined Waterworks and Sewer System and (ii)
professional services rendered in connection with the construction and financing of the
foregoing projects; such certificates to be payable from ad valorem taxes, a limited pledge of the
net revenues of the City's combined Waterworks and Sewer System and a limited pledge of the
net revenues of the City's Sanitation 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.
Belinda Hinojosa
City Secretary
City of Plainview, Texas
75268630.1 X08009902 A-1