HomeMy WebLinkAboutResolution 2008-014RESOLUTION NO. 2008-014
A RESOLUTION approving and authorizing publication of notice of intention to issue
certificates of obligation.
WHEREAS, the City Council of the City of North Richland Hills, Texas, has determined
that certificates of obligation should be issued under and pursuant to the
provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter
271 (the "Act"), for the purpose of paying contractual obligations to be
incurred for (i) constructing, improving and equipping NRH2O water park,
(ii) purchasing equipment for fire service and public works, including
vehicles related thereto, (iii) constructing and improving the City of North
Richland Hills water and sewer system, (iv) constructing and improving
Iron Horse Golf Course drainage, (v) designing the new North Richland
Hills recreation center, and (vi) professional services rendered in relation
to such projects and the financing thereof, and
WHEREAS, prior to the issuance of such certificates, the City Council is required to
publish notice of its intention to issue the same in accordance with the
provisions of the Act; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS:
SECTION 1. THAT the City Secretary is hereby authorized and directed to cause notice
to be published of the Council's intention to issue certificates of obligation
during a meeting scheduled to begin at 7:00 P.M. on the 28th day of April,
2008, which certificates of obligation shall be issued in a principal amount
not to exceed $4,750,000 for the purpose of paying contractual obligations
to be incurred for (i) constructing, improving and equipping NRH2O water
park, (ii) purchasing equipment for fire service and public works, including
vehicles related thereto, (iii) constructing and improving the City of North
Richland Hills water and sewer system, (iv) constructing and improving
Iron Horse Golf Course drainage, (v) designing the new North Richland
Hills recreation center, and (vi) professional services rendered in relation
to such projects and the financing thereof, and shall be payable from ad
valorem taxes and a limited pledge of the net revenues of the City's
combined Waterworks and Sewer System. The notice hereby approved
and authorized to be published shall read substantially in the form and
content of Exhibit A hereto attached and incorporated herein by reference
as a part of this resolution for all purposes.
SECTION 2. THAT the City Secretary shall cause the aforesaid notice to be published
in a newspaper of general circulation in the City, once a week for two
consecutive weeks, the date of the first publication to be at least thirty-one
(31) days prior to the date stated therein for the passage of the ordinance
authorizing the issuance of the certificates of obligation.
Resolution No. 2008-014
Page 1 of 3
SECTION 3. THAT it is officially found, determined, and declared that the meeting at
which this Resolution is adopted was open to the public and public notice
of the time, place, and subject matter of the public business to be
considered at such meeting, including this Resolution, was given, all as
required by V.T.C.A., Government Code, Chapter 551, as amended.
SECTION 4. THAT this Resolution shall be in force and effect from and after its
passage on the date shown below.
PASSED AND APPROVED this the 17th day of March, 2008.
CITY O RTH RI L ND HILLS
By:
Oscar Tre ' o, ayor
APP D AS TO ORM AND LEGALITY:
George A. to torney
APPROVED AS TO CONTENT:
Larry Koo ce, Director of Finance
Resolution No. 2008-014
Page 2 of 3
Patricia Hutson, City Secretary
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
NORTH RICHLAND HILLS, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of North Richland Hills, Texas, shall
convene at 7:00 o'clock P.M. on the 28th day of April, 2008, at the City Hall, 7301 N.E.
Loop 820, North Richland Hills, Texas, and, during such meeting, the City Council will
consider the passage of an ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $4,750,000 for the purpose of paying contractual
obligations to be incurred for (i) constructing, improving and equipping NRH2O water
park, (ii) purchasing equipment for fire service and public works, including vehicles
related thereto, (iii) constructing and improving the City of North Richland Hills water
and sewer system, (iv) constructing and improving Iron Horse Golf Course drainage, (v)
designing the new North Richland Hills recreation center, and (vi) professional services
rendered in relation to such projects and the financing thereof, such certificates to be
payable from ad valorem taxes and a limited pledge of the net revenues of the City's
combined Waterworks and Sewer System. The certificates 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.
Patricia Hutson
City Secretary
City of North Richland Hills, Texas
Resolution No. 2008-014
Page 3 of 3