HomeMy WebLinkAboutResolution No. 96-15 ORIGIfqRL
WHEREAS, this City Counciideems it advisable to give notice of intention to issue revenue bonds
of the City of The Colony, Texas, as hereinatter provided; and
WHEREAS, it is officially found and determined that the meeting at which this resolution has been
considered and acted upon was open'to the public and public notice of the time, place and subject of said
meeting was given, all as required by Chap. 55 l, Texas Government Code; Now, Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF TIlE COLONY:
Section 1. FORM OF NOTICE. Attached hereto is a form of Notice of Intention to Issue Revenue
Bonds, the form and substance of which are hereby adopted and approved.
Section 2. PUBLICATION OF NOTICE. Said Notice shall be published, in substantially the form
attached hereto, in a newspaper, as def'med in Section 2051.044, Texas Government Code, of general
circulation in the area said City, once a week for two consecutive weeks, the date of thc fh'st publication
thereof to be at least fourteen (14) days prior to the date tentatively set for passage of the ordinance authorizing
PASSED AND APPROVED this
^rr sT: ~ayorlCity ofTh C
City Secretary, City of The Colony, Texas
[CITY SEAL]
CERTIFICATE FOR RESOLUTION
I, the undersigned City Secretary of the City of The Colony, Texas, hereby certify as follows:
1. The City Council of said=City convened in Regular Session on August 5, 1996, at the regular
meeting place thereof, and the roll was called of the duly constituted officers and members of said City
Council, to-wit:
William W. Manning, Mayor
John Dillard, Mayor Pro Tem
Mary Blair Watts, Deputy Mayor Pro Tem
William Longo, Council Member
David Stanwick, Council Member
Wihna Avey, Council Member
Dave Kovatch, Council Member
and all of said persons were present, except for the following: --'~; thus constituting a quorum.
Whereupon, among other business, the following was transacted at said meeting: a written Resolution
entitled RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENT TO ISSUE REVENUE
BONDS was duly introduced for consideration of said City Council and read in full. It was then duly
moved and seconded that said Resolution be passed; and, after due discussion, said motion, carrying with
it the passage of said Resolution, prevailed and carried by the following vote:
AYES: 7 NOES:~ ABSTENTIONS:~
2. A true, full and correct copy of the aforesaid Resolution passed at the meeting described in the
above and foregoing paragraph is attached to and follows this Certificate; said Resolution has been duly
recorded in the official minutes of said City Council; the above and foregoing paragraph is a true and
correct excerpt from said minutes of said meeting pertaining to the passage of said Resolution; the persons
named in the above and foregoing paragraph, at the time of said meeting and the passage of said
Resolution, were the duly chosen, qualified and acting officers and members of said City Council as
indicated therein; each of said officers and members was duly and sufficiently notified officially and
personally in advance, of the time, place and purpose of the aforesaid meeting and that said Resolution
would be introduced and considered for passage at said meeting, and each of said officers and members
consented in advance to the holding of said meeting for such purpose; and said meeting was open to the
public, and public notice of the time, place and purpose of said meeting was given, all as required by Chap.
551, Texas Government Code.
6. IW:WINAI~COL812~W&~_96XMISC_DOC~ 12_CERT. RES
07/16/96:1:41pm
SIGNED AND SEALED
City Secretary, City of The Colony, Texas
6.1 ~F:h~"INAN~ COL~ 12\W~t.S ~M ISC_DO~63_CERT.RES
07/16196= 1:50pm - -2-
NOTICE OF INTENTION TO ISSUE REVENUE BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City of The Colony, Texas, at its meeting
to commence at 7:30 P.M. on September 9, 1996, at the regular meeting place of said City Council at the City
Hall, 5151 North Colony Boulevard, The Colony, Texas, intends to adopt: (1) an ordinance authorizing the
issuance of a series of interest bearing revenue bonds of said City in the maximum principal amount of
$810,000 for the purpose of the construction, acquisition and installation of additions, improvements and
extensions to the City's existing wastewater treatment plant, including an aeration and grit removal system and
engineering, planning and rate study costs, such bonds to be sold to the Texas Water Development Board, and
(2) a separate ordinance authorizing the issuance of a series of interest beating revenue bonds of said City in
the maximum principal amount of $515,000 for the purpose of the construction, acquisition and installation of
additions, improvements and extensions to the City's existing waterworks and sewer system, including
transmission line relocation and engineering, planning and rate study costs, such bonds to be sold by
competitive bidding procedures. Both series of bonds will be secured by and payable from a lien on and pledge
of the net revenues to be derived from the operation of the City's combined waterworks and sewer system, will
mature serially or otherwise not more than 40 years from their date, and will bear interest at such rate or rates
not to exceed 15% per annum, as shall be set forth in the ordinances authorizing the issuance of such bonds.
THIS NOTICE is given in accordance with law and as directed by the City Council of the City of The
Colony, Texas.
6A ~:~FINAI,6COL812~w& S_96V~ISC_DOCM 0_NOT.~4T