HomeMy WebLinkAboutResolution No. 92-06 CITY OF THE COLONY, TEXAS
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS
APPROVING THE AMENDMENT OF SCHEDULE I TO
ORDINANCE NO. 733 RELATING TO THE SUBSTITUTION
OF CERTAIN PROPERTY TO BE PURCHASED WITH THE
PROCEEDS OF THE CITY'S PUBLIC PROPERTY FINANCE
CONTRACTUAL OBLIGATIONS SERIES 1992.
WHEREAS, the City of The Colony, Texas (the "City") has
heretofore issued its "Public Property Finance Contractual
Obligations, Series 1992" (the "Contractual Obligations") for the
purpose of purchasing certain personal property described on
Schedule I to Ordinance No. 733 (the "Ordinance") authorizing the
issuance of the Contractual Obligations as permitted and authorized
by the Public Property Finance Act, V.T.C.A., Local Government
Code, Sections 271.001 through 271.009, inclusive; and
WHEREAS, the Ordinance permits the City to substitute other
items of personal property for the items described on Schedule I to
the Ordinance by official action of the City Council of the City;
and
WHEREAS, the City Council has found and determined that it is
necessary and advisable to substitute certain items for those
described on Schedule I by amending Schedule I;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF THE COLONY, TEXAS, THAT:
Section 1. Schedule I to the Ordinance is hereby amended
by deleting certain items and adding certain items all as described
on Exhibit "A" hereto.
Section 2. This Resolution shall take effect immediately
upon its final approval and adopts. ~
PASSED AND APPROVED this /~ day o~ ~ , 1992.
~~ ~. /~j~W~lliam W.~Mann~ng, Mayo~
AT .
Patti A. Hicks, CMC, City Secretary