HomeMy WebLinkAboutResolution No. 2017-039CITY OF THE COLONY, TEXAS
RESOLUTION NO. 2017- OS9
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS APPROVING AND
AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION.
WHEREAS, the City Council of the City of The Colony, Texas (the "City"), has
determined that certificates of obligation should be issued under and pursuant to the provisions
of "Texas Local Government Code, Subchapter C of Chapter 271, as amended, for the purpose of
purchasing land ; 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 a newspaper of general circulation in the City,
said notice stating (i) the time and place the City Council tentatively proposes to pass the
ordinance authorizing the issuance of the certificates, (ii) the maximum amount proposed to be
issued, (iii) the purposes for which the certificates are to be issued and (iv) the manner in which
the City Council proposes to pay the certificates;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
THE COLONY, TEXAS:
SECTION 1: That the City Secretary is hereby authorized and directed to cause notice
to be published of the City Council's intention to issue certificates of obligation, in one or more
series, in the principal amount not to exceed SEVEN AND A HALF MILLION DOLLARS
($7,500,000) for the purpose of paying contractual obligations to be incurred for the purchase of
land. 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: "Khat the City Secretary shall cause the notice described above 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 (3 1 ) days prior to the date stated
therein for the passage of the ordinance authorizing the issuance of the certificates of obligation.
46950149 2/08006101
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS, THIS THE 18th day of April, 2017.
ATTEST:
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Tina Stewart, City Secretary
APPROVED AS TO FORM:
eff Moore,)City Attorney
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, :Mayor
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SEAL
rix A
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CITY OF THE COLONY, TEXAS
CERTIFICATES OF OBLIGATION
TAKE :NOTICE that the City Council of the City of The Colony, Texas, shall convene at
6:30 p.m. on the 6`" day of June, 2017, at its regular meeting place in City Hall located at 6800
Main Street, The Colony, 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 SEVEN AND HALF MILLION DOLLARS ($7,500,000) for
the purpose of paying contractual obligations to be incurred for the purchase of land. The
certificates are to be issued, and this notice is given, under and pursuant to the provisions of
Texas Local Government Code, Subchapter C of Chapter 271, as amended.
Tina Stewart, City Secretary
City of The Colony, Texas