HomeMy WebLinkAboutRes 2011-15 Directing Notice to Issue Combination Tax and Revenue COsCity of West University Place
Harris County, Texas
RESOLUTION NO. 2011-15
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
$1,100,000 for paying all or a portion of the City's contractual obligations incurred for the
purpose of purchasing, constructing and replacing municipal facilities and 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. Now,
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WEST UNIVERSITY PLACE, TEXAS:
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
date tentatively set for the passage of the ordinance authorizing the issuance of
such certificates of obligation as shown in said notice.
3. That this Resolution shall become effective immediately upon adoption.
00087709
PASSED, APPROVED AND ADOPTED this the Id 'day of 2011.
Signed:'
May t
i
City Manager
Approved as to legal form•
City Attorney
00087709
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 $1,100,000, for paying all or a
portion of the City's contractual obligations incurred for the purpose of purchasing,
constructing modifying and replacing storm-water detention and drainage facilities 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 limited pledge of
a subordinate lien on the net revenues 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
November 14, 2011, at West University Place City Hall, 3800 University Blvd, West
University Place, Texas.
/s/Thelma Lenz
City Secretary
00087709