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HomeMy Public PortalAboutOrdinance No. 827-97 11-11-1997 ORDINANCE NO. 827-97 • CERTIFICATE FOR ORDINANCE DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION; AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT THE STATE OF TEXAS COUNTY OF TARRANT CITY OF RICHLAND HII.LS We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in REGULAR MEETING ON THE 11TH DAY OF NOVEMBER, 1997, at the designated meeting place, and the roll was called of the duly constituted officers and members of said City Council, to wit: C.F. Kelley Mayor Pat Watkins Mayor Pro-Tem Jim McKnight Horace Hamiton Phil Heinze Councilmembers Wayne Erickson Jim Quin City Manager Terri Willis -City Secretary and all of said persons were present, except the following absentees: N/A ,thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written ORDINANCE DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION; AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion carrying with it the passage of said Ordinance, prevailed and carried by the following vote: AYES: All members of the City Council shown present above voted "Aye". NOES: None. 2. That a true, full and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said City Council's minutes of said Meeting; that the above and • foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordinance; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage 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 Meeting was open to the public and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; 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 Ordinance for all purposes. SIGNED AND SEALED THE 11TH DAY OF NOVEMBER, 1997. ~ _ City Secr tary Mayor • (SEAL) -2- ORDINANCE NO. 827-97 ORDINANCE DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION; AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT WHEREAS, the City of Richland Hills expects to pay expenditures in connection with the design, planning, acquisition and construction of the projects described in Exhibit A to this Ordinance prior to the issuance of the Certificates of Obligation hereinafter described; and WHEREAS, it is hereby officially found and determined that the meeting at which this Ordinance was considered was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code. THEREFORE, BE IT ORDAINED BY THE CITY COUNCII. OF THE CITY OF RICHLAND HILLS, TEXAS: Section 1. That attached hereto and marked "Exhibit A" is a form of notice, the form and substance of which are hereby passed and approved. Section 2. That the City Manager shall cause said notice to be published, in substantially the form attached hereto, in the Fort Worth Star-Telegram, a newspaper of general circulation in the City of Richland Hills, Texas, for two consecutive weeks, the date of the first publication to be before the • fourteenth day before the day tentatively proposed for authorizing the issuance of the Certificates of Obligation as shown in said notice. Section 3. That the facilities and improvements to be financed with proceeds from the proposed Certificates of Obligation are to be used for the purposes described in the attached Notice of Intention. PASSED AND APPROVED this the 11th day of November, 1997. APPROVED AS TO FORM: ity Attorney, City of Richland Hills, Texas • • EXHIBIT A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of Richland Hills, Texas, to issue one or more series of the interest bearing certificates of obligation of the City to be entitled "City of Richland Dills, Texas Combination Tax and Water and Sewer Revenue Certificates of Obligation", for the purpose of paying contractual obligations to be incurred by the City, to-wit, the extension and improvement of the City's sanitary sewer system, and the payment of fiscal, engineering and legal fees incurred in connection therewith. The City Council tentatively proposes to authorize the issuance of said series (one or more) of Certificates of Obligation at its regular meeting place in the City Hall at a meeting to commence at 7:30 o'clock, p.m., on the 27th day of January, 1998. The maximum amount of Certificates of Obligation indebtedness that may be authorized to be sold on said date for such purposes described above is $4,000,000. The City Council presently proposes to provide for payment of said series (one or more) of Certificates of Obligation from the levy of taxes and from surplus revenues of the City's Waterworks and Sewer System. The proposed Certificates of Obligation are to be sold to the Texas Water Development Board as part of its State Revolving Fund program to provide low-interest loans to political subdivisions to construct wastewater treatment facility improvements. • CITY OF RICHLAND HILLS, TEXAS ~s ~ ~ Mayor