HomeMy WebLinkAboutRES 1996-044 ��
RESOLUTION NO. g6-44
�„ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS DIRECTING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE REVENUE BONDS AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council deems it advisable to give notice of intention to
issue revenue bonds of the City of Grapevine, Texas, as hereinafter 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
Chapter 551 , Texas Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
��` Section 1 . FORM OF NOTICE. Attached hereto as Exhibit "A" 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 as Exhibit "A", in a newspaper, as defined 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 the first publication thereof
to be at least fourteen (14) days prior to the date tentatively set for passage of the
ordinance authorizing the issuance of such bonds.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 17th day of September , 1996.
APPROVED:
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William D. Tate
Mayor
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ATTEST:
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Lin a Huff
City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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RES. NO. 96-44 2
Exhibit "A" to Resolution No. 96-44
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NOTICE OF INTENTION TO ISSUE REVENUE BONDS
*� NOTICE IS HEREBY GIVEN that the City Council of the City of Grapevine,
Texas, at its meeting to commence at 7:30 p.m. on October 15, 1996, at the regular
meeting place of said City Council in the Police Building, 307 West Dallas Road,
Grapevine, Texas, intends to adopt an ordinance authorizing the issuance of a series
of interest bearing revenue bonds of said City in the maximum principal amount of
52,920,000 for the purpose of paying costs related to the construction, acquisition
and installation of additions, improvements and extensions to the City's waterworks
and sewer system, including engineering and planning costs, and to pay the costs
incurred in connection with the issuance of such bonds. The 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 ordinance
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 Grapevine, Texas.
,�,h� GIVEN on this the 17th day of September , 1996.
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/s/Linda Huff, City Secretary
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RES. N0. 3
GERI'IFICATE FOR RESOLUTION
I, the undersigned City Secretary of the City of Grapevine,Texas, hereby certify as follows:
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1. The City Council of said City convened in Regular Session on September 17, 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 D. Tate, Mayor
Ted R.Ware, Mayor Pro Tem
C. Shane Wilbanks, Council Member
Sharron Spencer, Council Member
Clydene Jchnson, Council Member
Jerry L. Pittman, Council Member
Roy Stewart, Council Member
and all of said persons were present,except for the following: None ;
thus constituting a quorum. Whereupon, among other business, the following was transacted at said
meeting: a written Resoiution entitled RESOLUTION DIRECTING PUBLICATION OF NOTICE
OF INTENT TO ISSUE CERTIFICATES OF OBLIGATION 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
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and camed by the following vote:
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AYES: � NOES: 0 ABSTENTIONS: 0
2. A true,full and conect 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. 5�1,Texas Government Code.
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SIGNED AND SEALED this ��' l��
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� , City ecretary
City of Grapevine,Texas
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