HomeMy WebLinkAboutResolution 1996-028
RESOLUTION NO. 96-28
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, for the
purpose of paying contractual obligations to be incurred for (i) the construction of drainage
improvements, including the widening of existing drainage ditches and concreting ditches
to inhibit and prevent erosion, and (ii) professional services rendered in relation to such
construction 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 a newspaper of general circulation in
the City, said notice stating (i) the time and place the Council tentatively proposes to pass
the ordinance authorizing the issuance of the certificates, (ii) the maximum amount
proposed to be issued, (Hi) the purposes for which the certificates are to be issued and (iv)
the manner in which the Council proposes to pay the certificates; 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 meet on the 13th day of May, 1996, and,
during such meeting, consider the adoption of an ordinance authorizing issuance of
certificates of obligation in the principal amount not to exceed $1,150,000 for the purpose
of paying contractual obligations to be incurred for (i) the construction of drainage
improvements, including the widening of existing drainage ditches and concreting ditches
to inhibit and prevent erosion, and (ii) professional services rendered in relation to such
construction and the financing thereof, such certificates to be payable from ad valorem
taxes and a lien on and pledge of the net revenues derived from the operation of the City's
Municipal Drainage Utility 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.
PASSED AND ADOPTED, this April 22, 1996.
CITY OF NORTH RICH LAND HILLS, TEXAS
~
Mayor
ATTEST:
r-?áf/U(;¡tX .)k~
~
City Secretary
(City Seal)
2
RESOLUTION NO. 96-28
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, for the
purpose of paying contractual obligations to be incurred for (i) the construction of drainage
improvements, including the widening of existing drainage ditches and concreting ditches
to inhibit and prevent erosion, and (ii) professional services rendered in relation to such
construction 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 a newspaper of general circulation in
the City, said notice stating (i) the time and place the Council tentatively proposes to pass
the ordinance authorizing the issuance of the certificates, (ii) the maximum amount
proposed to be issued, (iii) the purposes for which the certificates are to be issued and (iv)
the manner in which the Council proposes to pay the certificates; 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 meet on the 13th day of May, 1996, and,
during such meeting, consider the adoption of an ordinance authorizing issuance of
certificates of obligation in the principal amount not to exceed $1,150,000 for the purpose
of paying contractual obligations to be incurred for (i) the construction of drainage
improvements, including the widening of existing drainage ditches and concreting ditches
to inhibit and prevent erosion, and (ii) professional services rendered in relation to such
construction and the financing thereof, such certificates to be payable from ad valorem
taxes and a lien on and pledge of the net revenues derived from t~e operation of the City's
Municipal Drainage Utility 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.
PASSED AND ADOPTED, this April 22, 1996.
CITY OF NORTH RICHLAND HILLS, TEXAS
~
Mayor
ATTEST:
r7at/[((;¡tX .~
\...-
City Secretary
(City Seal)
2
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
NORTH RICH LAND HILLS. TEXAS. CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council ofthe City of North Richland Hills, Texas,
shall convene at 7:30 o'clock P.M. on the 13th day of May, 1996, at the North Richland
Hills Community Center in the Municipal Court Room, 6720 N.E. Loop 820, North Richland
Hills, Texas, and, during such meeting, the City Council will consider the passage and
adoption of an ordinance authorizing the issuance of certificates of obligation in an amount
not to exceed $1,150,000 for the purpose of paying contractual obligations to be incurred
for (I) the construction of drainage improvements, including the widening existing drainage
ditches and concreting ditches to inhibit and prevent erosion, and (ii) professional services
rendered in relation to such construction and the financing thereof, such certificates to be
payable from ad valorem taxes and a lien on and pledge of the net revenues derived from
the operation of the City's Municipal Drainage Utility 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