HomeMy WebLinkAboutRes 2015-04 Directing Publication of Notice of Intention to Issue CO'sCity of West University Place
Harris County, Texas
RESOLUTION NO. 2015 -04
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, Texas (the
'City') 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 $ 310 laO for paying all or a portion of the City's contractual
obligations for the'purpbse of purchasing and constructing the Dincans Public Works
Maintenance Facility, including a new animal shelter, and the purchase of properties
associated with the municipal block and for paying legal, fiscal engineering and
architectural fees in connection with such project; and
WHEREAS, it is hereby of0cially 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 X is a form of the Notice of Intention to Issue
Certificates of Obligation, the forth 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 data of the first
publication thereof to be at least 30 days poor 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.
ROVED AND ADOPTED thisthe 23u dayof March 2015.
Signs& La
c1
City Secretary M
Recommended: Approve Legal Form:
City Mandger City Ant
(10111013llee)
NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES
OF OBLIGATION
The City of West University Place, Texas (the "City") 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 $
for paying all or a portion of the City's contractual obligations incurred for the purpose of
purchasing and constructing the Dmcans Public Works Maintenance Facility, including a
new animal shelter and the purchase of properties associated with the municipal block
and for paying legal, fiscal, engineering and architectural 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 water and sewer
system. The City Council intends to consider for passage, an Ordinance authorizing the
issuance of City of West University Place, Texas Certificates of Obligation, at a Special
City Council Meeting to t>e held at 6:30 P.M. on May 4, 2015, at West University Place
City Hall, 3800 University Blvd, West University Place, Texas.
Thelma Lenz
City Secretary
City of West University Place, Texas
t(>0087 m