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HomeMy WebLinkAboutResolution No. 2010-071RO!, 01Wf70V1 t1©~ UA 0 - C-1 I CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COUNTY OF DENTON CITY OF THE COLONY We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in Regular Meeting on August 2, 2010, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Joe McCourry, Mayor Jeff Connelly, Mayor Pro Tern Richard Boyer, Deputy Mayor Pro Tern Allen Harris, Councilmember Kirk Mikulec, Councilmember Perry Schrag, Councilmember Joel Marks, Councilmember and all of said persons were present, except 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 INTENTION TO ISSUE CERTIFICATES OF OBLIGATION was duly introduced for the 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: NOES: 2. That 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; that said Resolution has been duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council 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 that 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 Chapter 551, Texas Government Code. 3. That the Mayor of said City has approved and hereby approves the aforesaid Resolution; that the Mayor and the City Secretary of said City have duly signed said Resolution; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. PASSED, APPROVED AND EFFECTIVE August 2, 2010. ATTEST: l City Secretary G /Mayor city, s9p RESOLUTION NO. r (O- (V1 / RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF DENTON CITY OF THE COLONY WHEREAS, this City Council deems it advisable to give notice of intention to issue certificates of obligation of the City of The Colony, Texas, as hereinafter provided; and WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was passed was open to the public and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: 1. Attached hereto is a form of the Notice of Intention to Issue Certificates of Obligation of the City of The Colony, Texas, the form and substance of which is hereby adopted and approved. 2. The City Secretary shall cause said notice to be published in substantially the form attached hereto, in a newspaper, as defined by Subchapter C, Chapter 2051, Texas Government Code, of general circulation in the area of said City, once a week for two consecutive weeks, the date of the first publication thereof to be at least 30 days prior to the date tentatively set for the adoption of the ordinance authorizing the issuance of such certificates of obligation as shown in said notice. This Resolution shall become effective immediately upon adoption. NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF THE COLONY, TEXAS NOTICE IS HEREBY GIVEN that the City Council of the City of The Colony, Texas, at its meeting to commence at 7:00 P.M. on September 21, 2010, at its regular meeting place in the City Hall, 6800 Main Street, The Colony, Texas, tentatively proposes to adopt an ordinance authorizing the issuance of interest bearing certificates of obligation, in one or more series, in an amount not to exceed $3,500,000 for paying all or a portion of the City's contractual obligations incurred in connection with: (i) constructing and equipping a public services building, including related parking and landscaping; (ii) constructing, acquiring and equipping park and recreation improvements, including parking lot improvements at Lion's Club Park; and (iii) acquiring vehicles and equipment for the fire and police departments; (iv) constructing, installing, acquiring and equipping additions, extensions and improvements to the City's waterworks and sanitary sewer system; and (v) legal, fiscal and engineering fees in connection with such projects. The City proposes to provide for the payment of such certificates of obligation from the levy and collection of ad valorem taxes in the City as provided by law and from a pledge of limited surplus revenues of the City's waterworks and sewer system, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the net revenues of the City's waterworks and sewer system. The certificates of obligation 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. CITY OF THE COLONY, TEXAS