HomeMy WebLinkAboutRES 1997-039 �:� RESOLUTION NO. 9�-39
�:� 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:
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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 15th day of .luly , 1997.
APPROVED:
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William D. Tate
Mayor
�..� ATTEST:
�:,� ,
Linda uff
City Secretary
APPROVED AS TO FORM:
. _ r, .
John F. Boyle, Jr. ,
City Attorney
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RES. N0. 97-39 2
EXHIBIT� TO ' �
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NOTICE OF INTENTION TO ISSUE REVENUE BONDS
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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 August 4, 1997, at the regular meeting place
of said City Council in the City Hall Council Chambers, 200 South Main Street, 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 $6,775,000 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 systern,
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.
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RES. N0. 97-39 3