HomeMy WebLinkAboutRes 2010-08 Directing Publication of Notice of Intention to Issue COsCity of West University Place
Harris County, Texas
RESOLUTION NO. 2010-08
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF
OBLIGATION
WHEREAS, the City Council of the City of West University Place deems it advisable
to give notice of intention to issue Combination Tax and Revenue Certificates of Obligation,
in one or more series, in the total aggregate amount not to exceed $1,750,000 for paying all
or a portion of the City's contractual obligations incurred for the purpose of purchasing,
constructing and replacing municipal facilities, and acquiring land for same, and for paying
legal, fiscal and engineering fees in connection with such project, and
WHEREAS, it is hereby officially found and determined that the meeting at which this
Resolution was passed, 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 RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST
UNIVERSITY PLACE, TEXAS:
9
i
q
r
S
K vim. )
1. That attached hereto as Exhibit "A" is a form of the Notice of Intention to issue
Certificates of Obligation, the form and substance of which is hereby adopted and
approved.
2. That the City Secretary shall cause said notice to be published in substantially
the form attached hereto, in a newspaper of general circulation in said City, and
published in said City, on the same day in each of two consecutive weeks, the date of
the first publication thereof to be at least 30 days prior to the time set for the issuance
of such certificates of obligation as shown in said notice.
3. That this Resolution shall become effective immediately upon adoption.
APPapVED AND ADOPTED this the 26th day of July , 2010.
Signed:
ay
Approved as to legal form: 4E~
City Attorney
Exhibit "A"
NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES
OF OBLIGATION
The City of West University Place, Texas does hereby give notice of intention to issue
Combination Tax and Revenue Certificates of Obligation, in one or more series, in the maximum
aggregate principal amount not to exceed $1,750,000, for paying all or a portion of the City's
contractual obligations incurred for the purpose of purchasing, constructing and replacing
municipal facilities and acquiring land for same, and for paying legal, fiscal and engineering fees
in connection with such project. The City proposes to provide for the payment of such
Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided
by law, and from a pledge of a subordinate lien on the net revenues, not to exceed $10,000, of
the City's waterworks and sanitary sewer system. The City Council intends to consider for
passage, an Ordinance authorizing the issuance of City of West University Place, Texas
Combination Tax and Revenue Certificates of Obligation, at a Regular City Council Meeting to be
held at 6:30 P.M. on September 13, 2010, at West University Place City Hall, 3800 University
Blvd, West University Place, Texas.
/s/Thelma Lenz
City Secretary