HomeMy WebLinkAboutResolution 1993-019
RESOLUTION NO. 93-19
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 purchase of materials, supplies, equipment and machinery for
various City departments, including a fire truck, ambulance, with
related equipment, computers and related materials, street repair
and maintenance equipment, sewer repair and maintenance equipment,
trucks, vans and crematorium equipment, (ii) the construction of
public works, to wit: modification of municipal buildings to
comply with American with Disabilities Act and street improvements
and (iii) professional services rendered in relation to such
financing andcontracts¡ 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 issue certificates of obligation in the principal
amount not to exceed $1,185,000 for the purpose of paying
contractual obligations to be incurred for (i) the purchase of
mater ials, supplies, equipment and machinery for various City
departments, including a fire truck, ambulance, with related
equipment, computers and related materials, street repair and
maintenance equipment, sewer repair and maintenance equipment,
trucks, vans and crematorium equipment, (ii) the construction of
publ ic works, to wit: modification of municipal bui ldings to
comply with American with Disabilities Act and street improvements
and (iii) professional services rendered in relation to such
financing and contracts, such certificates to be payable from ad
valorem taxes and a limited pledge of the net revenues derived
from the operation of the City's combined Waterworks and sanitary
Sewer System. The notice hereby approved and authorized to be
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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 12, 1993.
ATTEST:
ity Secretary, City of
orth Richland Hills, Texas
(City Seal)
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