HomeMy WebLinkAboutResolution No. 95-10 ORIGINAL
· RESOLUTION NO. 95-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS, APPROVING THE APPLICATION OF THE
HOUSING FINANCE CORPORATIONS ACT TO PROPERTY WITHIN
THE CITY; AUTHORIZING AND APPROVING OTHER MATTERS
RELATING TO BONDS TO BE ISSUED BY THE DENTON COUNTY
HOUSING FINANCE CORPORATION; AND REPEALING PRIOR
RESOLUTIONS OR ORDERS IN CONFLICT HEREWITH.
WHEREAS, the Denton County Housing Finance Corporation has been
heretofore created as a joint housing finance corporation, in accordance with the Texas
Housing Finance Corporations Act, Local Government Code, Chapter 394 (the "Act"):
WHEREAS, the Act requires that the City Council of the City of The Colony,
Texas (the "City") approve the application of the Act to property within the City before
the proceeds of bonds issued pursuant to the Act may be used to finance home
mortgages for homes located within the City;
WHEREAS, it is also the intention of the City Council to hereby authorize and
approve certain other matters relating to the issuance of bonds by the Denton County
Housing Finance Corporation for the Calendar Year 1995; and
WHEREAS, this meeting is open to the public as required by law, and public
notice of the time, place and purpose of this meeting was given as required by Chapter
551, Government Code, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. The findings and declarations contained in the recitals of this
Resolution are incorporated herein as part of this Resolution.
Section 2. The City Council hereby approves the application of the Act
to the property within the City and grants its approval to the Denton County Housing
Finance Corporation for the use of proceeds of its bonds issued in Calendar Year 1995
to finance home mortgages for homes located within the City. The Mayor and any
other appropriate officer of the City are hereby authorized and directed to take any and
all necessary actions in order to facilitate the issuance of such bonds.
Section 3. All resolutions and orders, or parts thereof, in conflict with
this Resolution are hereby repealed to the extent of such conflict.
Section 4. This Resolution shall take effect immediately from and after
its adoption.
950191/D226766
PASSED, APPROVED AND EFFECTIVE this §th day of~, 1995.
Mayor, City'~f The Colony, Texas~
ATTEST:
City Secretary, City of The Colony, Texas
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MINUTES AND CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
COUNTY OF DENTON §
CITY OF THE COLONY §
On this the 6th day of March, 1995, the City Council of the City of The Colony,
Texas (the "Governing Body"), convened in a regular meeting at the regular meeting
place thereof, the meeting being open to the public and notice of the meeting giving the
date, place and subject thereof having been posted as prescribed by Chapter 551,
Government Code, as amended, and the roll was called of the duly constituted officers
and members of the Governing Body, which are as follows, to-wit:
Bill Manning Mayor
John Dillard Deputy Mayor Pro Tern
Rob Burchard Council Member
Kay Hardin Council Member
Mike Lynch Council Member
Toby Pollard Council Member
G.David Heiman Council Member
and all of such persons were present, except the following absentees: Kay Hardin, thus
constituting a quorum. Whereupon, among other business, the following was
transacted, to-wit: A written resolution bearing the following caption was introduced:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS, APPROVING THE APPLICATION OF THE
HOUSING FINANCE CORPORATIONS ACT TO PROPERTY WITHIN
THE CITY; AUTHORIZING AND APPROVING OTHER MATTERS
RELATING TO BONDS TO BE ISSUED BY THE DENTON COUNTY
HOUSING FINANCE CORPORATION; AND REPEALING PRIOR
RESOLUTIONS OR ORDERS IN CONFLICT HEREWITH.
The Resolution, a full, true and correct copy of which is attached hereto, was
read and reviewed by the Governing Body.
Upon motion duly made and seconded, the Resolution was finally passed and
adopted by the following vote:
6 AYES: 0 NOES: 0 ABSTENTIONS
950191/D226773
The Presiding Officer then declared the Resolution passed and approved and
signed the same in the presence of the Governing Body.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and
to correctly reflect the duly constituted officers and members of the Governing Body,
and the attached and following copy of said Resolution is hereby certified to be a true
and correct copy of an official copy thereof on file among the official records of the City
of The Colony, Texas, all on this 6th day of~, 1995.
mayor
City of The Colony,
ATTEST:
City Secretary
[SEAL]
950191/D226773 -2-