HomeMy WebLinkAboutRes 2001-20
~ .
RESOLUTION NO. 2001-20
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS
COUNTY OF HARRIS
WHEREAS, the City Council of the City of West University Place, Texas (the ffCity't),
deems it advisable to issue certificates of obligation of tIle City in accordance witll tIle 110tice 11ereill-
after set forth; Now, Tllerefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1. The facts and recitations COl1tained ill the premnble of this resollltiol1 are
hereby found and declared to be true atld correct.
Section 2. TIle City Secretary is hereby autllorized and directed to cause to be pu.blisllec1
ill the manner required by law and in substantially the following form, a 110tice of il1telltioll to isslle
certificates of obligation:
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN tllat tile City COUllCil of the City of West University Place,
Texas (the rtCityrt), will meet at tIle City Hall, 3800 University Blvd.., Housto11, Texas, at 7:30 .p.ll1.
011 the 17TH day of September, 2001, which is tIle time al1d place telltatively set for tIle passage of an
ordinance and SUCll otller actiOll as may be deemed necessary to autllorize tIle iSsllilllce of tIle CityJs
certificates of obligation, payable from ad valorem taxation and. froIn a lil11.ited pledge of a
subordinate lien on tile net revenues of the City's waterworl(s and sal1itary sewer systeln, ill tlle
InaximruTI aggregate principal alnOlll1t of $3,370,000, bearing interest at allY rate or rates 110t to
exceed the maximum interest rate 110W or hereafter authorized by law, as sIlalI be deterl11illed witl1il1
tIle discretion of tIle City Council at tIle tilue of issuance, and. matllril1g over a period of years not to
exceed twenty-five (25) years from the date thereof, for tIle purpose of evidel1cil1g tIle illdebtecllless
of tIle City for all or any part of tIle cost of the purchase of all land, facilities, al1.d bllildillgS currel1t1y
in use as tIle Southwest Brancll YMCA located at 4210 Bellaire Blvd.., HOllStOl1, Texas, for .parl< lli1d
recreational purposes and tIle cost of professiol1al services illcllrred ill cOll11ectio11 th.ere,~itll.
WITNESS MY HAND AND THE OFFICIAL SEAL OF TI-IE CITY, this 27tll day of
August, 2001.
(SEAL)
City Secretary
City of West Ulliversity Place, Texas
Section 3. TIle 110tice set forth in Section 2 above sllall be pu.blislled il1 both El1glish and
Spallish once a week for two (2) consecutive weeks ill a newspaper Wllicll is of general circu.latiol1 in
tIle City, tIle date of tIle first pllblication to be at least fifteell (15) days before tIle date te11tatively set
ill said 110tice for tIle passage of tIle ordinance alltllorizillg tIle issuallce of SllC]l certificates of
obligation.
Sectiol1 4~ TIle Mayor, City Secretary, and otller officers an.d agel1ts of tl1e City are
hereby autllorized and directed to do any and all tllings necessary or desirable to carry out tIle
provisions of tllis resolutiol1.
Section 5.
This resolution sllall talce effect immediately u.po.n its passage~
Section 6. TIle NOTICE OF MEETING relating to tIns Ineeti11g and 11eretofore posted by
the City Secretary, and tIle posting thereof, are llereby alltllorized, approyed, alld. ratified.
PASSED AND APPROVED this 27th day of AUgllst, 2001.
Mayor
City of West Ul1iversity Place, Texas
A TrEST:
City Secretary
City of West Ul1iversity Place, Texas
(SEAL)