HomeMy WebLinkAboutRes 2003-04
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS S
COUNTY OF HARRIS 9
WHEREAS, the City Council of the City of West University Place, Texas (the nCityu), deems
it advisable to issue certificates of obligation of the City in accordance with the notice hereinafter set
forth; Now, Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY
+ PLACE, TEXAS:
Section 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct
Section 2. The City Secretary is hereby authorized and directed to cause to be published
in the manner required by law and in substantially the form attached hereto, a notice of intention to
issue certificates of obligation~
Section 3. The notice set forth in Section 2 above shall be published once a week for two
(2) consecutive weeks in a newspaper which is of general circulation in the City, the date of the first
publication to be at least fifteen (15) days before the date tentatively set in said notice for the passage
of the ordinance authorizing the issuance of such certificates of obligation.
Section 4. The Mayor, City Secretary, and other officers and agents of the City are hereby
authorized and directed to do any and all things necessary or desirable to carry out the provisions of
this resolution.
Section 5~
This resolution shall take effect immediately upon its passage..
Section 6. The notice and agenda relating to this meeting and heretofore posted by the
City Secretary, and the posting thereof, are hereby authorized, approved, and ratified..
(
PASSED AND APPROVED this 28th day of April, 2003.
Mayor
City of West University Place,
ATTEST:
~~~
City Secretary - -
City of West University Place, Texas
(SEAL)
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GWEN that the City Council of the City of West University Place,
Texas (the uCity"), will meet at the City Hall, 3800 University Blvd., Houston~ Texas, at 6:30 p.m.
on the 19th day of May, 2003, which is the time and place tentatively set for the passage of an
ordinance and such other action as may be deemed necessary to authorize the issuance of the City's
certificates of obligation, payable from ad valorem taxation and from a limited pledge of a
subordinate lien on the net revenues of the CityJs waterworks and sanitary sewer system, in the
maximum aggregate principal amount of $9,900,000, bearing interest at any rate or rates not to
exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within
the discretion of the City Council at the time of issuance, and maturing over a period afyears not to
. exceed thirty (30) years from the date thereof, for the purpose of evidencing the indebtedness of the
City for all or any part of the cost of the construction of street improvements, drainage
improvements, and water and sewer improvements, and the cost of professional services incurred in
cOlUlection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 28th day of April,
2003~
/s/ Kaylynn Holloway
(SEAL)
City Secretary
City of West University Place, Texas