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HomeMy WebLinkAbout1998-022ORDINANCE NO 98- 0aa. AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON, AND PROVIDING FOR AN EFFECTIVE DATE THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON VMEREAS, it is deemed necessary and advisable that Notice of Intention to Issue Certificates of Obligation be given as hereinafter provided THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS Section I That attached hereto is a form of "NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON", the form and substance of which are hereby adopted and approved, and made a part of tlus Ordinance for all purposes Section II That the City Secretary shall cause said NOTICE, in substantially the form attached hereto, to be published once a week for two consecutive weeks in a newspaper of general circulation in the City, with the date of the first publication to be at least fifteen (15) days before the date tentatively set for the passage of the Ordinance authorizing the issuance of such Certificates of Obligation Section III That this Ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED this the 3rd day of February, 1998 Jack e , Mayor ATTEST vfer alters, City Secretary APPROVED AS TO LEGAL FORM Herbert L Prouty, City Um THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON THE CITY OF DENTON, in Denton County, Texas, hereby gives notice of its intention to issue CITY OF DENTON CERTIFICATES OF OBLIGATION, in accordance with the Certificate of Obligation Act of 1971, as amended and codified, and other applicable laws, in the maximum principal amount of $5,625,000 for the purpose of paying all or a portion of the City's contractual obligations incurred pursuant to contracts for the purchase, construction and acquisition of certain real and personal property, to wit (a) a city-wide information management computer system, (b) police department radio equipment, (c) renovations to the Denton Municipal Complex, (d) renovations to fire stations and (e) a city -side automated flood warning system, and also for the purpose of paying all or a portion of the City's contractual obligations for professional services of engineers, attorneys, and financial advisors in connection with the above contracts and said Certificates of Obligation 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 certain revenues derived by the City from the ownership and operation of the City's Utility System (consisting of the City's combined waterworks system, sanitary sewer system, and electric light and power system) The City Council of the City tentatively proposes to authorize the issuance of such Certificates of Obligation at a meeting commencing at 11 00 a in on the 7th day of April, 1998, in the City Council room at the Municipal Building (City Hall), 215 E McKinney, Denton, Texas CITY OF DENTON, TEXAS By Jennifer K Walters, City Secretary CERTIFICATE FOR AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON, AND PROVIDING FOR AN EFFECTIVE DATE THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON We, the undersigned officers of swd City, hereby certify as follows 1 The City Council of stud City convened in REGULAR MEETING ON THE 3RD DAY OF FEBRUARY, 1998, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to -wit Jennifer K Walters, Jack Miller, Mayor City Secretary Mike Cochran Eulme Brock, Mayor Pro Tern Rom Beasley Sandy Kristoferson Ned Durrance Carl G Young, Sr and all of said persons were present, except the following absentees thus constituting a quorum Whereupon, among other business, the following was transacted at said Meeting a written AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON, AND PROVIDING FOR AN EFFECTIVE DATE was duly introduced for the consideration of said City Council and duly read It was then duly moved and seconded that said Ordinance be passed, and, after due discussion, said motion, carrying with it the passage of stud Ordinance, prevailed and carved by the following vote AYES 7 NOES J ABSTENTIONS 0 2 That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate, that said Ordinance has been duly recorded in said City Council's minutes of said Meeting, that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordinance, that the persons named in the above and fore- going paragraph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein, and that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and that said Meeting 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 3 That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance, that the Mayor and the City Secretary of said City have duly signed said Ordinance, and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all purposes SIGNED AND SEALED the 3rd day of February, 1998 Cit Secretary Mayor (SEAL) ------------------------- We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City of Denton, Texas, hereby certify that we prepared and approved as to�legality the attached and following Ordinance prior to its passage as aforesai City Attorney Bond Attorneys