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HomeMy WebLinkAboutRES 1972-008Resolution No. A RESOLUTION DIRECTING THE DELIVERY OF INTEREST BEARING CERTIFICATES OF OBLIGATION WHEREAS, on December 23, 1971, the City Council of the City of Grapevine, Texas, passed an Ordinance authorizing the issuance of interest bearing Certificates of Obligation, co construct a public swimming pool and bathhouse in the Cito of Grapevine, Texas, and for the purpose of paying all or a part of the Architect's fees, Financial Advisor's fees, legal fees, and inspection and testing fees; and WHEREAS, a Construction Contract was executed on the 7th day of January, 1972, between the City of Grapevine, Texas, and Sikes Construction Company, Inc., Dallas, Texas; and WHEREAS, 5010 of said Construction Contract has been completed and an application and certificate for payment in the amount of $48,992.00 has been submitted by Sikes Construction Company and has been approved by the City's Consulting Architect, International Building Systems, Inc.; and WHEREAS, Certificates of Obligation should now be issued to the above named Contractor. CITY OF GRAPEVINE, TEXAS: 1. That there shall be delivered to Sikes Construc- tion Company, Certificates of Obligation Numbers 5 through 52, in the amount of $1,000 each, aggregating $48,000, and a Claim in the amount of $900.00, and cash in the amount of $92.00, aggregating $48,992.00. 2. That it is hereby officially found and determined that 50% of said Construction Contract has been satisfactorily performed and completed in accordance with the terms of the Construction Contract, and that the City of Grapevine, Texas, has received full value in reference to the 50% of the comple- tion of the proposed project and that in accordance with the bidding specifications and with the approval of the Consulting Architect, Sikes Construction Company, Inc., is to be paid 50% of the cost of the project with the remaining 50% to be paid upon completion of the project. 3. That the indebtedness above mentioned was in- curred for a purpose for which said Certificates of Obligation are authorized, to-wit: constructing a public swimming pool and bathhouse in the City of Grapevine, Texas, and for the pur- pose of paying all or a part of the Architect's fees, Financial Advisor's fees, legal fees, and inspection and testing fees, in connection with said project. 4. That this Resolution is hereby finally adopted on one reading as am emergency measure, to be effective immediately, such emergency being that the authorization of the Certificates of Obligation authorized by this Resolution are required as soon as possible for the immediate preservation of the public peace, health, or public welfare. 5. That it is hereby officially found and determined that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Resolution is passed, such emergency or urgent public necessity being that the proceeds from the proposed Certificates of Obligation are re- quired as soon as possible and without delay for necessary and urgently needed public improvements, 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 Vernon's Ann. Civ. St., Article 6252-17. k_,"i, J _L! _Ll_4 � _L1_ i i t 1. ­­­­ i ­_­ - � - . , _. DELIVERY OF CERTIFICATES OF OBLIGATION ,THE STATE OF TEXAS : ?COUNTY OF TARRANT : �CITY OF GRAPEVINE : We, the undersigned officers of said City, hereby certify ,as follows: 1. The City Council of said City convened in REGULAR MEETING ON THE 21ST DAY OF MARCH, 1972, :at the City Hall, and the roll was called of the duly constitute ,officers and members of said City Council, to -wit: C. W. Vandeventer, City Secretary Willis Pirkle, Mayor 'Doil E. Dalton R. T. Eidson �Lee R. Thompson Phillip Parker Al Harwell and all of said persons were present, except the following absentees: �4 {� constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written iRESOLUTION DIRECTING DELIVERY OF 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 adopted; and, after due discussion, said motion, with it the adoption of said Resolution, prevailed and icarried by the following vote: AYES: All members of said City Council shown present above voted "Aye." NOES: None. 2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and fore- ,going 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 As a true, full and correct excerpt from said City Council's minutes of said Meeting pertaining to the adoption of said Reso- lution; that the persons named in the above and foregoing paragrap are the duly chosen, qualified and acting officers and members of" said City Council as indicated therein; that each of the officer5, and members of said City Council was duly and sufficiently noti- fied 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 adoption 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 meet7 ing was open to the public and public notice of the time, place,; and purpose of said meeting was given, all as required by Vernon',s Ann. Civ. St., Article 6252-17. .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. SIGNED AND SEALED this the 11 day of 1972. I IJ City Secretary Mayor (SEAL) I, the undersigned, City Attorney for the City of Grapevine, Texas, do hereby certify that I approved as to legality the attached and following Resolution prior o its passage as aforesaid. Ci f­vr A�-f-nrno