HomeMy WebLinkAboutResolution 2000-026
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RESOLUTION NO, 2000-26
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 VTC,A.,
local Government Code, Subchapter C of Chapter 271 (the "Act"), for the purpose of paying
contractual obligations to be incurred for (i) street improvements, including drainage and utility
line relocations and the purchase of land and right-of-way, (ii) the acquisition or improvement,
or both, of land for parks, and (Hi) 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: 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 8th day of May, 2000, which certificates of obligation
shall be issued in a principal amount not to exceed $2,315,000, for the purpose of paying
contractual obligations to be incurred for (i) street improvements, including drainage and utility
line relocations and the purchase of land and right-of-way, (ii) the acquisition or improvement,
or both, of land for parks, and (iii) professional services rendered in relation to such projects
and the financing thereof, and shall be payable from ad valorem taxes and a lien on and pledge
of the net revenues derived from the operation 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: 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 fifteen (15) days prior to the date stated therein for the
passage of the ordinance authorizing the issuance of the certificates of obligation.
SECTION 3: 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 VTC,A., Government Code, Chapter 551, as
amended,
SECTION 4: This Resolution shall be in force and effect from and after its passage on
the date shown below,
PASSED AND ADOPTED, this April 10, 2000,
ATTEST:
{!J!li7[(i!Ú~ ~
City Secretary, City of
North Richland Hills, Texas
(City Seal)
APPROVED AS TO CONTENT:
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.Z1ii~ t<-,. " Lc- <0-
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Larry Ko " e
Director 0 Finance