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HomeMy WebLinkAboutResolutions 1977AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 1ST DAY OF FEBRUARY, A. D. 1977. WHEREAS, the City of Denton, Texas created a Personnel Department and hired a Personnel D~rector for that department; and WHEREAS, the Personnel D~rector, pursuant to Ordinance No. 62-40 has prepared employee rules and regulations; and WHEREAS, the City Council of the C~ty of Denton, Texas, desires to adopt the Employee Rules and Regulations of 1976 as the official personnel rules for employees with the C~ty of Denton; NOWv THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT: The Employee Rules and Regulatlons for the C~ty of Denton, 1976, are hereby adopted as the official personnel rules for the C~ty of Denton and a copy of those rules are attached and made a part of thls resolution and shall be f~led in the offi- cial records of the C~ty by the City Secretary. PASSED AND APPROVED th~s the 1st day of February, A. D. 1977. ELINOR HUGHE CITY OF DENTON, TEXAS ATTEST: CITY OF DENTONv TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS lxltexr ~o,, ument RESOLUTION AUTHORIZING EXECUTION OF AN UNDERWRITING AGREEMENT BETWEEN THE CITY OF DENTON, TEXAS, AND GOLDMAN, SACHS & CO., DILLON, READ & CO. INC. AND STEPHENS, INC THE STATE OF TEXAS : COUNTY OF DENTON CITY OF DENTON WHEREAS, It lS necessary and advisable that the City of Denton, Texas (the "City") enter into an Underwriting Agree- ment with Goldman, Sachs & Co., Dillon, Read & Co. Inc., and Stephens, Inc. with respect to certain bonds. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS Section 1. That the Mayor and City Secretary are author- lzed and directed, for and on behalf of the City, to date, sign, seal, and otherwise execute an Underwriting Agreement between the City and Goldman, Sachs & Co., Dillon, Read & Co Inc., and Stephens, Inc. in substantially the form and sub- stance attached hereto and made a part hereof. Upon executIon and delivery, such Underwerltlng Agreement shall constitute a binding and enforceable agreement of the City in accordance with its terms. Section 2. The Mayor and City Secretary of the Cltt, the City Manager of the City, and all other officers of the City are hereby authorized to execute and deliver such other instruments, certificates, documents, or papers, and approve changes in the Underwriting Agreement and the Official Statement relating to the Bonds described therein, as they may deem advisable, and to take such further action as such officers may deem advisable or appropriate in connection with the matters and transactions referred to in or contemplated by the Underwriting Agreement CERTIFICATE FOR RESOLUTION AUTHORIZING EXECUTION OF AN UNDERWRITING AGREEMENT BETWEEN THE CITY OF DENTON, TEXAS, AND GOLDS~AN, SACHS & CO., DILLON, READ & CO INC AND STEPHENS, INC. THE STATE OF TEXAS : COUNTY OF DENTON CITY OF DENTON : We, the undersigned officers of said City, hereby certify as follows: 1.The City Council of sald City convened in REGULAR MEETING ON THE 21ST DAY OF MARCH, 1978, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to-wit: Brooks Holt, City Secretary Ellnor Hughes, Mayor Blll Nash Dick Stewart Joe Mitchell Mary Claude Gay and all of sal~ persons were present, except the following absentees. ~m , thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting a written RESOLUTION AUTHORIZING EXECUTION OF AN UNDERWRITING AGREEMENT BETWEEN THE CITY OF DENTON, TEXAS, AND GOLDMA/~, SACHS & CO , DILLON, READ & CO. INC AND STEPHENS, INC. was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said mo- tlon, carrying with it the adoption of said ResolutIon, pre- vailed and carried by the following vote: AYES:Ail members of said City Council shown present above voted "Aye". NOESNone. 2. That a true, full, and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate, that said Resolution has been duly recorded in said City Coun- cil'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 adoption of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein; 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 Meet- lng, and that said Resolution would be introduced and consIder- ed for adoption at said Meeting, and each of sa~d officers and members consented, in advance, to the holding of said Meeting for such purpose; and that said Meeting was open to the public, and public notice of the tl~e, place, and purpose of said Meet- lng was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Resolution; that the Mayor and the City Secretary of said City have duly signed sa~d Resolution; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall consti- tute the signing of the attached and following copy of said Resolution for all purposes. ~/~ City S~cretary Mayor ~ (SEAL) $19,255,000 CITY OF DENTON, TEXAS Electric System Revenue Refun&ng Bonds, Ser~es 1978 UNDERWRITING AGREEMENT UNDERWRITING AGREEMENT dated March 21, 1978 between the CITY OF DEN~ON, Texas "City") and GOrX>MAN, Sac:~s & Co, D~LLO~, R~:Ar~ & Co INC and ST~:P>mNs, INC (the ' Underwriters ), for whom GoI~ma^i'L S~.cHs & Co will serve as the manager (the Manage ) This Ut derwntmg Agreement is made and entered into in respect of the authorization, issuance and sale by the ( ~ty, and the purchase by the Underwriters, of $19,25~,000 aggregate principal amount of "City of Denton I~ lectrm System Revenue Refunding Bonds, Series 1978" more fully described m the Official Statement he mafter mentioned (the "1978 Bonds") to be issued by the City Executed and dated as of the date of this lnderwrmng Agreement, and attached and made a part hereof, is the Officml Statement, as such is herelnafte~ defined, relating to the 1978 Bonds 1 Commit alent. (a) Up, m execution of this Underwriting Agreement by the City and the Manager, on behalf of itself and the othel Underwriters, th~s Underwriting Agreement shall be m full force and effect m accordance with its terms and shall be bmdlng upon the C~ty and the Underwriters (b) Co~.currently with the execution of this Underwriting Agreement, the Manager, acting on be- half of the 1. 'nderwrlters, has delivered to the City a certified or official bank check payable to the order of the City in l he amount of $192,550 as security for the performance by the Underwriters of thmr obhgatnm to accept ant pay for the 1978 Bonds at the Closing (as such term is hereinafter defined) m accordance with the p visions of this Underwriting Agreement Smd check shall be held uncashed as security and concurrentl with the delivery of and payment for the 1978 Boods at the Closing shall be returned to the Manager I pon the failure to deliver the 1978 Bouds at the Closing or ff the conditions to the obhga- tlons of the Underwriters contained herem are not satisfied, or ff such obligations are terminated for any reason perm tied by th~s Underwriting Agreement, such cheek shall be mm~e&ately returned to the Man- ager In th.~ event the Underwriters fall (other than for a reason permitted pursuant to this Under- writing Agr, ement) to accept and pay for the 1978 Bonds at the Closing, such cheek shall be cashed by the City, and th, amount thereof retained by the City as and for full hqmdated damages for such failure and for ~.ny and all {.efaults hereunder on the part of the Underwriters, and the cashing of such check shall constitute a full releas, and discharge of all clanns and rights hereunder against the Underwriters 2 Purcha le, Sale and Closing 1978 B mdx On the terms and condmons set forth herein and in the Official Statement the Under- writers will jointly and severally purchase from the City, and the City will sell to the Underwriters, the 1978 Bonds at an aggregate purchase price of $18,898,782 50 plus interest accrued from March 15, 1978, to and thror h the day preceding the Closmg Purcha, re Obh#atwn The Underwriters are jointly and se;erally obligated to purchase all of the 1978 Bonds ~f an~ of the 1978 Bonds are purchased The part~eq bereto anderstand and agree that no 1978 Bonds will be lsstled, sokl or purchased uuless all the 1978 Bo]~d~ are issued sold and lmrcbased ! Payment for the Bonds The Underwriters shall pay for the 1978 Bonds at the Closing by an offimal bank check payable in Federal Funds to the order of the City Clos~n# and Delivery The Closing (the 'Closing") wdl be held at the offices of Manufacturers Han- over Trust Company, 40 Wall qtreet, New York, New York, at 10 00 A,M local time on March 30, 1978, or at such other place or at such other date or tmle (not later than April 17, 1978) as may be agreed upon by the part,es hereto The 1978 Bonds wall be dehvered m New York, New York, ~n definmve coupon form ~n $5,000 denonunatious and tile 1978 Bonds wdl be made avadable to the Manager for inspection and packaging at least 18 bours prior to the Closing' E.~penses All costs and expenses of the City m connection w~th the authorization, issuance, sale and dehvery of the 1978 Bonds and the otbe~ ~tems berem specified to be delivered to the Underwriters shall be paid for by, or prov~smn for payment made by, tbe City Such provision for payment shall include payment from the proceeds of the 1978 Bonds Sa~d costs and expenses shall include the costs of printing the 1978 Bonds, the Prehnunary Official Statement (as hereinafter defined) the Offimal Statement (as hereinafter defined), and thru Underwriting Agreement, ~n all cases in reasonable quantities, the fees and charges of any consultants, advisors, auditors and bond rating agencms, the fees and expenses of Bond Counsel and any specml counsel to the C~ty m connection with the transactmns hereto contemplated, and the costs (including counsel fees) of prepanng the Legal Investment Survey Fxcept as ~ndmated above, all other expenses of the Underwriters, mclu&ng travehng and other expenses, shall be paid by the Underwmers 3 Background (a) The C~ty by an orchnance (tbe "1978 Ordinance") of ~ts C~ty Council adopted on the date of th~s Underwriting Agreement has authorized the ~suance and sale of tbe 1978 Bonds The 1978 Bonds are being ~ssued for the purpose of refundmg ~ts presently outstanding Electric Revenue Bonds m the aggregate principal amount of $I6,902,000 (b) The 1978 Bonds are ~ssued under the provis~ons of Vernon's Ann Tex C~v St Article 1118n-12, as amended (the "Act") and under the provmmns of the 1978 Ordinance (c) A Prehmmary Officmi Statement dated March I1, 1978 (the "Prehm~nary Offimal Statement"), has been prepared for use ~n the offering of the 1978 Bonds When sues Prehmlnary Official Statement has been approved by tbe City as to finql form which such approval shall be as of the date of th~s Underwmmg Agreement, sucb shall become the final Offimal Statement relating to the i978 Bonds (whmh, together w~th the cover page and all exlnb~ts, reports and statements Included thereto or attached thereto, ~s hereto called the "Officml Statement" ) The C~ty authorizes and approves the use of the Prehmmary Official Statement and the Official Statement, and the use of cop~es of the 1978 Ordmance, tbe Escrow Agreement referred to in the 1978 Ordinance (the "Escrow Agreement"), the Trustee Agreement referred to in the 1978 Ordinance (the "Trustee Agree- ment'') and the Series 1978 Retirement Trust Agreement referred to in the 1978 Ordinance (the "Series 1978 Retirement Trust Agreement"), ~n connection w~th the pubhc offenng and sale of the 1978 Bonds (d) rhe respective Independent pubhc accountants, counsel and advisors referred to in th~s Underwriting Agreement are Bond Counsel McCall, Parkhurst & Horton, Dallas, Texas Specml Tax Counsel to the C~ty Haynes & M~ller, Washmgton, D C Acconntant~ ~Mexander Grant & Company Financial Advisors F~rst Southwest Company, Dallas, lexas Counsel to the Underwriters Wood & Dawson, New York, New York 4 Representations of the C~ty (a) The C~ty acknowledges that the City will sell the 1978 Bonds to the Underwriters, md that the Underwriters wall jointly and severally purchase from tile City thc 1978 Bonds and will make a pubbc offering of such 1978 Bonds m rehance upon the representatmns and covenants hereto set forth 2 (bi Tbe City, represents that (ii The C~ty is and wdl be at the Closing duly (~rgamzcd and ex~stmg as a c~ty m the State of lexas w!th the powers and authortty, among others, set forth m the Act (n) When dehvered to and prod for by the Underwriters at the Closing, the 1978 Bonds (A) w~ll have been duly authorized, executed, ~ssued and dehvered m conformity w~th tbe Act aud the 1978 OrdinanCe, and be entitled to the benefit and security thereof, and (Bi will constitute vahd and binding special obhgat~ons of the City of the character referred to m the Act (mi The adoption of the 1978 Ord~nauce, the execution and delivery of th~ Underwrmug Agree- ment, the Officml Statement, the Esclow Agreement thc 1 rustee Agreement and the benes 1978 Retue- ment Trust Agreement, and the execunou and dehve~y of the 1978 Bonds, and the consummation of the transactions contemplated thereby and hereby, and the ¢omphance w~th the prowslons thereof and hereof under the mrcumstances coutemplated thereby and hereby, x~l[ not conflict w~th or constitute on the part of the City a breach of or a default under any agreement or tnst~ument to which the C~ty is a party or any exlstmg law, administrative regulation, court order or consent decree to whmh the C~ty Is subject 0vi Both at the tm~e of the execution of th~s Underwrmug Agreement by the C~ty and at thc Closing, subject, however, to the provisions of Section 6(c) hereof the statements and mformat~on contained In the Officml Statement are and wdl be true, correct and complete tn all mater~al respects, and the Officml Statement does not and xx~I1 not otmt any statement or reformation whmh is necessary to make' the statements and mformat~on thelem, m the hght of the circumstances under which they were made, not m~sleadmg m any material respect (vi The financial statements included ~n the Officml Statement have been prepared m all material respects on a consistent bas~s, and present fairly the financml poslt~on of the C~ty and the results of the operation of the C~ty and the City's Electrm Light and Power System at the dates and for the penod~ indicated (v~) The City agrees to indemnify and hold harmless the Uode~wrlters, any member, office~, official, or emplgyee of the Underwriters, and each person, if any, who controls the Underwmers within the meamn~ of Section 15 of the Securities Act of 1933, as amended, against any and all losses, clam~s damage~, hablhtms or expense whatsoever caused by any untrue statement m m~sleadmg statement o~ alleged misleading statement of a material fact ~elat~ng to the C~ty contained ~n the Officml Statement, or caused by any omission or alleged omlssmn from the Officml Statement of any ~natenal fact relatlug to the C~ty requned to be stated therein or necessmy in order to make the statements made therein, in the light of the circumstances under which they ~vete made not tmsleadmg (c) The City represents that, except as d~sclosed in the Official Statement there are no pending legal, administrative or judicial proceedings of whmh the City ha~ knowledge to wlnch the C~ty ~s a patty contesting tl~e corporate emstence or powers of the C~ty w~th respect to the obligations of the C~ty under the 1978 Orc~mance, the Escrow Agreement, the Trustee Agreement tbe Series 1978 Retirement Trust Agree- ment ol the1978 Bonds, or, (n) contesting or affecting the tuthortt~ for the ~ssttance of, or tbe security for, the 1978 Bonds, or seeking to restrain or enjoin the issuance or the debvery of the 1978 Bonds, or, (mi contest- mg or affecting the validity of the 1978 Bonds, the 1978 Ordinance, the Escrow Agreement, the Frustee Agree- ment, the Series 1978 Ret:rement Trust Agreement or th~s Underwriting Agreement, or, 0vi seeking to restrain or enjoin the collection of the income or revenneb avadal/le ot pledged uoder tbe 1978 Ordinance (d) rl b? City represents tbat the 1978 Ordinance, the Escrow agreement, the Trnstee Agreement and the Serms 1978 ~et~rement Trust Agreement are and at the (_losing will be m full force and effect m accordance with their terms and, as of the Closing, will not have beeu amended, mocbfied or sopplemented by the C~ty except as the Offic:al Statement shall chsclose and as shall ha~e been lgleed to m writing by the Manager, and tbere shall have been duly adopted and there shall be m full force and effect suth resoluttons and or(hnances as, m the olnm~n of Specml Tax Counsel to the City m Bond (onnsel, sllall he neces~aD m connection with the traosactmns contemplated hereby 3 5 Manager's Representation Upon the authorization by the Manager of the release of the 1978 Bonds, the Underwriters propose to offer the I978 Bonds for sale upon the terms and conditions set forth In the Official Statement The Manager represent, and it is understood by the parties hereto, that the Manager's authority hereunder is pursuant to the authority granted the Manager by an Agleement Among Underwriters respecting the purchase and sale of the I978 Bonds, signed counterparts of wlnch, to the extent practicable and upon request, are available to the City for examination, but without warranty on the part of the Manager as to the authority of the signatories thereto 6. Covenants of the C~ty The City hereby covenauts that (a) The proceeds from the sale of the 1978 Bonds will be used or applied as is provided m the 1978 Ordinance, the Escrow Agreement, the I rustee Agleement, the Official Statement and hereto (b) The City will cooperate m qualifying the 1978 Bonds for offering and sale under the "Blue Sky" or other securities laws of those states designated by the Manager, provided, however, that the City shall not be required to consent to service of process m any state or place where such is not provided by the laws of the State of Texas (c) The City will promptly notify the Manager of any material change m the affairs or financial condmon of the C~ty or the C~ty's Electric Light and Power System which may occur prior to the Closing After such notification, if, in the opinion of the C~ty, the Manager or Counsel to the Under- writers, a change would be required m the Official Statement in order to make the statements therein true and not nnsleadmg or Incomplete m any material respect, then such change will be made and the Official Statement as so amended will be supplied to the Manager for distribution Thereafter, all refer- ences in th~s Underwriting Agreement shall refer to the Official Statement, as so amended 7 Condmons of the Purchasers' Obhgataons The obligation of the Underwriters to purchase the 1978 Bonds is subject to the fulfillment of the following condmons at or before the Closing Should the following conditions not be fulfilled in respect of the 1978 Bonds, the obligations of all the Underwriters under this Underwriting Agreement shall terminate and neither the C~ty nor the Underwriters shall have any further obligation hereunder, except that the check referred to in Section l(b) hereof shall be returned by the City to the Manager (a) q_he City's representations contained in Section 4 hereof shall be true at and as of the tnne of the Closing, and shall be confirmed at the Closing by certificates, iii form and substance satisfactory to the Man- ager, signed by the City Attorney or by other appropriate officials of the City acceptable to the Manager (b) There shall be delivered to the Manager at or prior to the Closing four duly executed copies of the Official Statement and four duly certified copies of the 1978 Ordinance, the Escrow Agreement, the Trustee Agreement and the Series 1978 Retirement q rust Agreement (c) The City shall not have defaulted m the performance of any of its covenants or obligations hereunder (d) The Underwriters shall receive at the Closing (1) An opmmn of Bond Counsel, dated the date of the Closing, in the form and substance as set forth as Appendix C to the Officml Statement, and a fmther opinion, dated the date of the Closing, covering those points outhned in Exhibit A ~\lso, the opnnon of the Attorney General of the State of Texas as to the validity of the 1978 Bonds (il) An opinion of Special Tax Counsel to the City, dated the date of Closing, in the form and substance as set forth in Exhibit B In addition, Special Tax Counsel to the City shall deliver their opinion, dated the date of the Closing, m form and substance satisfactory to Bond Counsel, the Underwriters and to Counsel for the Underwriters, to the effect that the 1978 Bonds are not "arbitrage bonds" tinder Sectmn 103(c) of the Internal Revenue Code of 1954, as amended (iii) A letter of the Accountants dated as of the Closing confirnung that they ale mdependent public accountants with respect to the City and stating in effect that (A) on the bas~s of specified procedures 4 mclu&ng (1) a reading of the latest available mterlm operating statement of the City, (2) cousuItatmns with officers of the City responsible for financial and accounting matters tnd (3) a reading of the minutes of the meetings of the City, nothing has come to their attention which caused them to believe that (a) for the permd from September 30, 1977 to the date of the latest avadable lnteriln opelatmg statement of the City, as compared with the comparable period fm the preceding year there was any decrease m the Gross Revenues (as such term ~s defined m the 1978 Ordinance) of the City's Electrm System Fund or Net Revenues (as such term is defiued in the 1978 Ordinance) of the City's Electric qystem Fund, and (b) for the period from September 30, 1977 to a date not more than five business days prior to the delivery of such letter, there was au~ decrease in thc Gross Revenues and Net Revenues of the City's Electric System Fund for the period from September 30 1977 to the date of the latest available interim operating statement, and (B) they have read the mformation included ~n the Official Statement concerning the financial affairs of the City's Electric Light and Power System and have compared such reformation with the accounting records of the C~ty from which such reformation was derived and have found them to be m agreement 0v) A letter or letters of the Accountants or such other person, firm, partnership or corporation satisfactory to the Underwriters, Bond Counsel and Special Tax Counsel to the City, dated as of the Closing, as to the accuracy of (1) the ar~thmetmal computations of the adequacy of the maturing prin- cipal amounts of the Federal Securities described m the Official Statement to pay when due to the dale of redernption, the principal, premium and interest on the Electric Revenue System Bonds of the CiD being re;~unded, and (2) the mathematical computations supportmg the conclusion of Special Tax Couusel to the Clty that the 1978 Bonds are not "arbitrage bonds" under ~ectmn 103(c) of the Intern'tl Revenue Code of 1954, as amended Such ver~fication of the arlthmetmal accuracy and the mathematical eolnputa- tions shall be based upon ~nformatlon and assumptions supphed by the C~ty through the Iqnanclal Advisors and on interpretations of Section 103(c) of the Interual Revenue Code of 1954, as amended, provided by Special Tax Counsel to the City (v) An opinion of Counsel to the Underwriters, dated the date of the Closing in form and substance sat~sfact0ry to the Manager (e) The Underwriters shall have received such addmonal documentatmn as Specml Tax Counsel to the City, Bond Counsel, Counsel to the Underwriters or the Manager may reasonably request 0) to evidence compliance w~th apphcable law, (n) to evidence the vah&ty of the 1978 Bonds, the 1978 Ordinance, the Escrow Agreement, the Trustee Agreement and the Series 1978 Retirement Trust Agleement, and, (m) to evidence the truth and accuracy, as of the time of Closing, of all representations herein contqmed and the due per- formance or satisfaction by you at or prior to such tm~e of all agreements then to be performed and all cond~- tions then to be satisfied as contemplated under this Underwriting Agreement (f) At ~he Closing, there shall not have been any materml adverse change in the affairs or financial con- dltlon of the C~ty's Electric L~ght and Power System or the City, taken as a whole, from that described in the Official Statement which, ~n the ludgment of the Manager, makes tt ~nadvlsable to proceed with the sale of the 1978 Bondsl and the Underwriters shall have received a certificate of the C~ty certifying that no material adverse change has occurred, or, ~f such a change has occurred, full mformatmn with respect thereto 8 Events Permitting the Underwriters to Terminate The Uriderwnters may terminate their obligation to purchase tlm 1978 Bonds at any tune before thc Closing If any of the following should occur (a) 0) Legislation shall have been enacted by the Congress of the United States, or recommended to iht Congress for passage by the President of the Umted States or favorably reported for passage to either House of the Congress by any Committee of such House, or (u) a decision shall have been rendered by a tourt estab- hshed under Article III of the Constitution of tbe United Stqtes or by the Umted Stites qax Court or (m) an order, rubng or regulation shah have been issued or proposed by oi ou behalf of the Tleasury Department of the Unttcld States or the Intcinal Revenue Sermce or any other agency of the Umted States, or (iv) a release ol official statement shall have been issued by tbe President of the United States or by the Treasury 5 Department of the Umted States or by the Internai Revenue Servme, the effect of whmh, m any such case described m clause 0), (u), (m), or 0v), would be to anpose, d~rectly or indirectly, Federal income taxatmn upon interest received on obhgatlons of the general character of the 1978 Bonds or upon ~ncome of the general character to be derived by the C~ty pursuant to the 1978 Ordinance, the Escrow Agreement, the Frustee Agreement or the benes 1978 Retirement Trust Agreement in such a manner as m the judgment of the Manager would materially m~pa~r the marketab~bty or materially reduce the market prme of obhgat~ons of the general character of the 197&~Bonds (b) Any action shall have been taken by the Secumles and Exchange Commission or by a court whmh would reqmre registration of any security under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, or quabficat~on of any indenture under the Trust Indenture Act of 1939, as amended, tn connection w~th the pubhc offering of the 1978 Bonds, or any actmn shall have been taken by any court or by any governmental authomy suspending the use of the Prehnnnary Officml State- ment or the Officml Statement, or any amendment or supplement thereto, or any proceeding for that purpose shall have been mmated or threatened m any such court or by any such authority (c) 0) A general suspension of trading m securities shall have occm red on the New York Stock Exchange, Inc or (u) the Umted States shall have become engaged In hostlhtles whmh have resulted ~n the declaration, on or after the date of thru Underwriting Agreement, of a national emergency of war, the effect of which, m either case described in clause 0) and (u), ~s, ~n the judgment of the Manager, so material and adverse as to make ~t ~mpractmable or ~nadmsable to proceed w~th the pubhc offering or the dehvery of the 1978 Bonds on the terms and m the manner contemplated m this Underwriting Agreement and the Offiemi Statement (d) A general banking moratormm shall have been declared by authorities of the Umted States, the State of New York or the State of Texas 9. Events Permitting the City to Terminate The City may terminate its obhgatmn to sell ami dehver the 1978 Bonds ff between the date the Under- wrmng Agreement ~s executed and the date of the Closing 0) leg~slauon shall have been enacted by the Con- gress of the United States, or recommended to the Congress for passage by the President of the Umted States or favorably reported for passage to e~ther House of the Congress by any Cmmmttee of such House, or (n) a dectston shall have been rendered by a court estahbshed under Amcle III of the Constttutlon of the United States or by the Umted States Tax Court, or (m) an order, ruling or regulatmn shall have been ~ssued or proposed by or on behalf of the Treasury Department of the Umted States or the Internal Revenue Service or any other agency of the Umted States, or (tv) a release or officml statement shall have been issued by the President of the United States or by the Treasury Department of the Umted States or by the Internal Revenue Service, the effect of which tn any such case described m clause (0, (ti), (m) or (tv), would he to cause the interest on the 1978 Bonds to be subject to l~ederal income taxatmn ff issued as contemplated by the 1978 Ordinance, the Officml Statement and hereby 10. Notices and Other Actions Ail notmes, demands and formal actmns hereunder w~II be m wrmng, mailed, telegraphed or delivered to To the City C~ty of Denton 215 East McKmney Street C~mc Bmldmg Denton, Texas 76201 Attentmn C~ty Manager The Underwriters Goldman, Sachs & Co Manacder 55 Broad Street New York, New York 10004 6 11. Miscellaneous. Th~s Underwriting Agreement may bc e×ecutcd by any one or more o£ thc pames hereto m any number of counterparts, each of whmh shall be deemed to be aD original, but all such counterparts shall together consUtutc one and thc same instrument Th~s Underwrmng Agreement will mute to the benefit of and be binding upor1 the pames and their successors, and will not confer any n§hts upon any other person Ail reprcsentatmns and agreements by you m th~s Underwrmng Agreement shall remam operative and ~n full force and effect regardless of any mvest~gatmn made by or on behalf of any of thc Underwriters and shall surmve thc dehvcry of and payment for the 1978 Bonds T~mc shall be of thc essence of th~s Underwrmng Agrcemcnt CITY OF DENTON ATTEST ~ C*ty Secretary [SEAL] APPROVED AS TO FORI~ C*ty Attorney GOLDMAN, SACIIS & CO Dm~o~, R~ & Co INC STEPHENS~ INC By GOLDMAN, SACII% & CO  //~Mana#~/ EXHIBIT A POINTS TO BE COVERED IN SUPPLEMENTARY OPINION OF BOND COUNSEL (Terms defined m Underwriting Agreement are used here w:th same meanings) 1 The iUnderwriting Agreement has been duly authorized, executed and dehvered by the City and constitutes albmdmg and enforceable agreement of the City m accordance with its terms 2 In its capacity as Bond Counsel, such firm has reviewed the reformation in the Official Statement under the captions, "Refunding", "Sources and Applications of Funds", "Authority and Security for Bonds", "Descrlptlom of Bonds", "Summary of Certam Provisions of the Ordinance", "Tax Exemption", "Eligibility as Investments" and "Legal Matters", and such firm is of the opinion that such descriptions conform to the provisions oflthe laws and instruments therein described 3 The/1978 Bonds are exempt from registration pursuant to the Securities Act of 1933, as amended, and the 1978 Otdmance is exempt from qualification as an indenture pursuant to the 'trust Indenture Act of 1939, as amhnded 4 The Escrow Agreement, the Trustee Agreement and the belies 1978 Retirement Trust Agreement have been dtlly authorized, executed and delivered by the parties thereto and constitute binding and enforceable agreements of the part,es thereto in accordance with their terms 5 Tl~el City's Outstanding Electric Revenue Bonds described in the Official Statement are no longer outstanding,~ under the ordinance, do not have any further lien or charge on the revenues of the City's Electric Light and Power System and are payable solely from the moneys and securities held under the Escrow Agreement 6 The issuance of the Bonds will not affect the exemption flora Federal taxation of interest on the Outstanding Bonds described in the Official Statement A-1 EXHIBIT B FORM OF THE OPINION OF SPECIAL TAX COUNSEL TO THE CITY [LETTERHEAD OF HAYNES & MILLER] [Closmg Date] CITY OF DENTON, TEXAS Electric System Revenue Refunding Bonds, Series 1978 Non-Arbitrage CertlfiefltlO~i Opinion of Counsel We have examined and reviewed the Non-Arb;trage CcrtlfiCatmn of even date herewith executed on behalf of The C~ty of Denton, Texas, including certain mathematmal computatmns verified by Alexander Grant & Company, Cemfied Pubhc Accountants We have also examined Section 103(c) of the Internal Revenue Code of 1954, as amended, and all pub- hshed and p~oposed Regulations ~ssued thereunder We have further examined the terms of the bonds to be ~ssued, including principal and interest require- ments thereon, the terms of their sale, and the costs associated therewith We have examined the schedules of obbgatmns to be acqmred w~th the proceeds of the ~ssue, ~ncludmg principal amouuts, coupons thereon, the terms of purchase, and the costs associated therewith We have independently computed "y~eld" on both the mumc~pal obhgatmns, and the obhgatlons acquired w~th the proceeds of thas ~ssuance, ~n accordance w~th the methods of computing y~eld set forth ~n Section 1 103-13 arid Sectton 1 103-14 of the proposed Treasury Regulations of May 3, 1973, as amended and sup- plemented IDecember 3, 1975, October 29, 1976, May 31, 1977 and June 9, 1977, relating to "arbitrage bonds" We halve examined those portmns of the bond ordinance and related documents deahng w~th the d~spos~- t~on of the, proceeds of the bond ~ssue, and the possible future ~nvestment of those funds We have also examined the Serms 1978 Retirement Plan Trust Agreement executed on behalf of the C~ty of Denton, Texas Based upon these examinations, and such other exammatmns whmh we have deemed appropriate, ~t ~s our opinion that the conclusions reached ~n the smd Non-Arbitrage Certification are not unreasonable No matter~ have come Ito our attention whmh would make unreasonable or incorrect the representatmns made m ~ald Non-Arb~tlage Cemficatton HAYNES & MILLER B-1 AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 14TH DAY OF MARCH, A. D. 1977. WHEREAS, the Federal Communications Commission (FCC) has allo- cated an educational channel, Channel 2, in the Dallas-Fort Worth metropolitan area to Texas Woman's University, North Texas State University, and Denton Independent School D~str~ct; and WHEREAS, the North Texas Foundation for Public Broadcasting of Dallas, operators of KERA-TV, Channel 13 ~n Dallas, have made application to the FCC for reallocation and reassignment of Channel 2; and WHEREAS, the C~ty Council desires to obtain the opportunity to ~nvestlgate the matter of the reallocation so as to determine whether the Clty of Denton deslres to oppose or support the same, and to de- termlne what ~s an the best lnterests of the C~ty of Denton, lts c~t~zens and educational ~nst~tut~ons. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That the C~ty of Denton request the Federal Communlcat~ons Com- mission to delay their decision on the application for reallocation of Channel 2 for a reasonable t~me so that the C~ty of Denton can determine the advantages and/or d~sadvantages that such reallocation may have to the C~ty, ~ts c~t~zens and the splendid educational ~n- st~tut~ons that are w~th~n the C~ty, and make a recommendation ~n favor or opposition of such reallocation. PASSED AND APPROVED th~s the 14th day of March, A. D. 1977. ELINOR HUGHES~ CITY OF DENTON, TEXAS ATTE ST: CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS Next DoC ument AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE STH DAY OF APRIL~ A. D. 1977. THE STATE OF TEXAS ~ COUNTY OF DENTON I RESOLUTION IN CITY OF DENTON I APPRECIATION OF DR. RAY STEPHENS WHEREAS, on behalf of the people of the C~ty of Denton, Texas, the Mayor and C~ty Council desire to p~bl~ely express their s~neere gratrtude to Dr. Ray Stephens for hfs valuable pub£~e servrce as a member of the Crty Councrl from Aprrl, 1975 untrl Aprrl, 1977; and WHEREAS, the Mayor and Crty Councrl acknow£edge wrth grateful apprecratron of the t~eless and outstandrng manner rn which he has performed these, and many other, publrc services, and extend theft best wrshes for hfs con- trnued su~ess as a ~ommunrty leader. NOW, THEREFORE, on beha£f o~ the people he has served so well, the Mayor and C~ty Councrl drreet and order that thrs Resolutron be made a part of the off,oral mrnutes of thrs Council to be a permanent record of the Crty of Denton, and that a copy of thrs Resolutron be forwarded to h~m, the sard DR. RAY STEPHENS, as a token of our appreciation. PASSED AND APPROVED thrs the 5th day of Aprrl, A. D. 1977. ~£1NOR HU~HES~ ~~~R CITY OF DENTON, TEXAS ATTEST' CITY OF DENTON~ TEXAS APPROVED AS TO LEGAL FORM: PAUL C. 'ISHA~ CITY 0FIDENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF APRIL, A. D. 1977. WHEREAS, rail passenger service has served our natzon famth- fully, and WHEREAS, raml passenger servmce would provzde Denton County area residents wmth a means of transportatmon throughout our natmon, and WHEREAS, mass transportation wzll assist in coping wmth the energy problems of our country, and WHEREAS, Amtrak provmdes raml passenger servmce to vast portmons of our nation, and WHEREAS, Amtrak passmng through the County of Denton but does not provmde raml passenger service to our growmng County, and WHEREAS, a depot ms convenzently located mn the Cmty of Sanger, Denton County, Texas. NOW, THEREFORE, BE IT RESOLVED that the Czty of Denton does hereby support the mnttmatmon of a flag stop for the Cityfa~6~[~ County and pledges mrs full cooperatmon to Amtrak PASSED AND APPROVED thms the 19th day of Aprml, A D 1977 MAYOR ~ CITY OF DENTON, TEXAS ATTE $~ VC~TY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM I~AUL C. ISHAM, CITY ATTORNEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF APRIL, A. D 1977. RESOLUTION ~E~AS, Farm to Market Road 428 (Sher~n Drive) is partially within the Czty lzmzts of the City of Denton, and ~EREAS, it zs necessary to wzden FM 428 and zt was originally planned for the State of Texas and the City of Denton to jointly part~czpate in such construction, and ~EREAS, the State of Texas and its Highway Department does not have the f~ds avazlable nor can they say wzth any degree of certa~ty when such monies wzll be avazlable for the pro3ect, and ~EREAS, the City of Denton fznds it necessary to i~rove FM 428 (Sher~n Drzve) now wzthout state partzcipation and deszres the State and zts Hzghway Department to cease ~zntenance on a por- tzon of FM 428 (Sher~n Drive) from zts zntersectzon with Locust Street to zts intersection with Hercules, NOW, ~EREFO~, BE IT ~SOLVED BY THE CITY COUNCIL OF NE CITY ~ DENT~, TEXAS- ~at the State Hzghway Department and the Czty of Denton amend the ~tntenance contract for Farm to Market Road 428 (~er~n Drzve) withzn the city limits of the City of Denton so as to eliminate State maintenance on FM 428 from its intersectzon with Locust Street to its intersectzon wzth Hercules. PASSED AND APPROVED this the 19th day of ~rzl, A D 1977. CITY OF DENTON, TEXAS ~OKS MOLT, CITY SECRETLY CITY OF DENTON, TEXAS ~PROVED AS TO LEGAL FO~- ISHAM, CI'£Y ATTO~Y CITY OF DENTON, ~S AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF APRIL, A. D 1977. RESOLUTION WHEREAS, the City Council of the City of Denton, Texas de- slres to receive bids for the purchase of its $3,000,000 General Obligation Bonds, Series 1977, and $500,000 Water and Sewer Reve- nue Bonds, Series 1977, and WHEREAS, First Southwest Company, Dallas, Texas, has been authorized and requested to prepare a Notice of Bond Sale and Bid- dinE Instructions, Official Bid Form and Officlal Statement con- tainin§ financmal, economic and other data necessary and desirable to attract bids for said bonds, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That the attached preliminary Not~ce of Bond Sale and Instructions, Official Bid Form and Official Statement relative to sald $3,000,000 City of Denton, Texas General Obl~gatlon Bonds, Series 1977, and $500,000 Water and Sewer System Revenue Bonds, Series 1977, are hereby approved, both as to form and content, and said First Southwest Company is authorized to d~strlbute said Notice of Bond Sale and Biddin§ Instructions, Official Bid Form and Official Statement to prospective b~dders for, and purchasers of, the bonds PASSED AND APPROVED this the 19th day of April, A. D 1977. ~AYOR ...... CITY OF DENTON, TEXAS ~S HOLT, CITY SECRETARY ~ITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS Nb xt Document AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS~ HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 3RD DAY 'OF MAY, A. D. 1977. WHEREAS, Section 14.03 of the City Charter of the C~ty of Denton requires the C~ty Council to annually select and designate the official newspaper of the C~ty; NOWv THEREFORE~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That the ~-~ ~/~/ · s hereby designated as the official newspaper for the C~ty of Benton, Texas. PASSED AND APPROVED th~s the 3rd day of May, A. D. 1977. ELINOR HUGHES, ~YOR CITY OF DENTON, TEXAS ATTEST~ APPROVED AS TO LEGAL FORM: ~K~L~. ISHAM, CITY ATTORNEY CITY OF DENTONt TEXAS Next Doe ument AT A REGULAR MEETING ~ THE CITY CO~CIL OF THE CITY OF DENTON, ~XAS, HELD IN THE M~ICIPAL BUILDING OF SAID CITY ON THE 7TH DAY OF J~E, A. D 1977. WHEREAS, Article VIII, Section 1-b of the Texas Constitution provides that political s~divlsions of the State may exempt from ad valorem taxes, not less than Three ~ousand Dollars ($3,000.00) of ~e assessed taxable value of reszdent homesteads of persons szxty-five (65) years of age or older, and WHE~AS, by Resolution dated 3anuary 16, 1973. the Czty Counczl approved an exemption of ~ree ~ousand Dollars ($3,000 00), and WHE~AS, the Czty CO~Cll of the City of Denton raised the percentage used to determine the assessed taxable value of resm- dentmal property mn the Czty of Denton and the Cmty Co.cml desmres to prevent taxes paid by the elderly from rmsing NOW, ~E~FO~, BE IT ~SOLVED BY THE CI~ COUNCIL OF THE CITY ~ DENTON, ~XAS ~at pursuant to Artzcle VIII, Section l-b, of the Texas Constmtution, the exemption for resident homesteads ms raised from ~ree Thousand Dollars ($3.000,00) to Four ~ousand Fzve Hundred Dollars ($4,500.00) of ~e assessed taxable value of resmdent home- steads of persons of sixty-five (65) years of age or older, and such value shall be exempt from Clty Ad Valorem Taxes when taxes are levmed for the year 1977, and all s~sequent levies hat thzs Resolution shall be effectmve mmediately after mrs passage. PASSED and APPRO~D thus the 7th day of J~e, A. D. 1977 ELINOK HUGHES, MAY~OR CITY OF DENT~, TE~S A~ ~K$ HOLT, CITY 8~G~TA/{Y CITY OF DENT~, ~XAS APPROVED ~ TO LEGAL FORM' CITY ~ DENT~, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 7TH DAY OF JUNE, A. D. 1977. WHEREAS, zt zs a public necesszty to obtain certazn propertzes for stre,et zmprovement~ and~capmtal_zmprovements ~n the City of Denton, and WHEREAS, negotzatmons have taken place and agreements reached for the purchase of certain properties for the total sum of One Hundred Nineteen Thousand Five Hundred Fourteen and 34/100 Dollars ($119,514.34), costs of closing zncluded, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That money be expended from the Street Improvement Bond Fund to US LIFE & Tztle Company in the amount of Thzrt~Seven Thousand Fzve Hundred Nznety-Four and 44/100 Dollars ($37,594.44), Lawyer's Tztle Company in the amount of Thzrty-One Thousand Ezght Hundred Szxty-Seven and 23/100 Dollars ($31,867.23), Denton County Clerk zn the amount of Twenty-Six Thousand Seven Hundred Fmfty-Two and 33/100 Dollars ($26,752 33); and Twenty-Three Thousand Three Hundred and 34/100 Dollars ($23,300.34) zn mzscellaneous expenses as per the attached addendum affmxed hereto. PASSED AND APPROVED this the 7th day of June, A. D 1977 EL~NOR HUGHES, MAWR CITY OF DENTON, TEXAS ATTEST c~iOOKS HOLT, CITY SECRETARY TY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM. JA~M A. BLANTON, ASSISTANT CI"~ ATTDRNEY, CITY OF DENTON, TEXAS ADDENDUM OF PROPERTIES & EXPENDITURES 1. STREET IMPROVEMENT BOND FUNDS' US LIFE & TITLE. qOMPANY P N. Simpson South Carroll $ 551.75 E. C. Garrison South Carroll 12,504.76 H. H. Fannin South Carroll 1,014.27 Leon Lipscomb South Carroll 806.52 G. W. Smith South Carroll 4,790.10 G. W. Smxth South Carroll 620 40 V. Mooneyham South Carroll 5,630.68 James & Joe Erwin South Carroll 11~675 96 Total South Carroll ...................... $37,594.44 2 LAWYER'S TITLE COMPANY MK & T Railroad Company Mingo $31~867 23 Total Mzngo ..................................... $31,867.23 3 DENTON COUNTY CLERK (CONDEMNATIONS) Edna Kays South Carroll $ 1,145 45 Maude Littrell South Carroll 1,267.10 Joe Normile South Carroll 19,127 62 Ben Chastain South Carroll 2,702.97 C. W. Ellis South Carroll 2~509.19 Total Condemnations ............... $~ 4. MISCELLANEOUS Commzsszoner's Fees in Condemnatmons $ 9,762.33 Real Estate Appraisals (South Carroll) 5,915.07 Real Estate Apprazsals (Sherman Drzve) 1,046.27 Czty of Denton (Taxes) 654.29 Earl Coleman - Legal Fees (Purchase of South Carroll Right-of-Way Hillard, Normile, Kays, Littrell, Littrell-Kays, and various) ~.~922.38 Total Miscellaneous ....................... $~ AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, 'T~XAs, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 7th DAY OF JUNE, A. D. 1977. RESOLUTION WHEREAS, the City of Denton and State of Texas desire to amend the Mazntenance Agreement concernzng Farm-to-Market Road 428 (Sherman Drive) and such an amendment has been drafted, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS. That Elinor Hughes, Mayor of the Czty of Denton, Texas zs authorzzed to sign the amendment to the Munzczpal Maintenance Agreement between State of Texas and the Czty of Denton. PASSED AND APPROVED this the 7th day of June, A D 1977. CITY OF DENTON, TEXAS ATTEST B~ITY SECRET/~t.Y CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DERTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 7TH DAY OF JUNE, A D. 1977. WHEREAS, the Czty of Denton has recezved Community Development Block Grant Funds for Rehabilitatzon of Low Income Houszng in the amount of $22,000.00, and WHEREAS, the Czty of Denton ~ecezve an additzonal $90,000.00 zn Block Grant Funds for Rehabzlitation of Low Income Housing after October 1, 1977, and WHEREAS, at a meeting of the City Counczl on April 17, 1977, the Counczl approved the gu~delznes developed by the Denton Houszng Auth- orzty for the rehabzlitation of owner-occupzed homes, and WHEREAS, the Czty of Denton deszres that the Denton Houszng Auth- orzty administer and disperse the Community Development Block Grant Funds received by the City of Denton, and WHEREAS, the City of Denton wzll also recezve $25,000.00 as an admzntstration fee for the Funds, and the Czty deszres to split this fee wzth the Denton Houszng Authority. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That the Denton Housing Authority be appomnted the administrator of the $112,000.00 ($22,000.00 for fiscal year 1976-77 and $90,000 00 for the fiscal year 1977-78) Communzty Development Block Grant Funds for Rehabilitation of Low Income Housing recemved by the City of DentonAA- and that the Denton Houszng Authormty receive ~ of the admzn- zstratzon fee funds reeezved by the Czty of Denton~for administering the Block Grant Funds for the Rehabilztatzon of Low ~come Housing PASSED and APPROVED this the 7th day of June, A D 1977 ELINOK HUGHES, M63fOR ATTEST~ BR~0RS HOLT, CItY SECRETARY APPROVED AS TO LEGAL FO~{ AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 7TH DAY OF JUNE, A D. 1977 WHEREAS, the Council must deliberate many agenda items at its meetings; and WHEREAS, the time avazlable to the Counczl for such delibera- tzon zs severely limited, and WHEREAS, the Councml deszres to have as much time as poss~le for the deliberation of ma3or agenda ztems whzch znvolve the estab- lzshment of City polzcy and goals, and WHEREAS, some agenda ztems are of such a routine, non-contro- verszal nature that they need minzmal Counczl deliberation~ and WHEREAS, the Counczl desmres to handle these agenda ztems as expeditiously as possible in order to provide more time for ma3or agenda items, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That the Counczl of the City of Denton hereby directs the Czty Manager to prepare a consent agenda for each regular Council meet- zng. The consent agenda shall contazn routzne, non-controversial ztems that requzre Council action but need lzttle or no deliberatzon. The followzng procedures and rules shall govern the use by the Counczl of the consent agenda: 1 A motion to approve the consent agenda shall not be debated 2 The consent agenda shall only be adopted by a unani- mous vote of those Counczl members present at the meetzng. 3. At the request of any indivzdual Counczl member an item shall be removed from the consent agenda and placed upon the regular agenda for debate PASSED AND APPROVED thzs the 7th day of June, A D 1977. EI]INOR HUGHES,q~_AYOR CITY OF DENTON, TEXAS ATTEST: CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: J~S A. BLANTON, ASSISTANT ClT~' ATTORNEY, CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 21ST DAY OF JUNE, A. D. 1977. R_ E_. S__O L_ U_ T_ I 0 N WHEREAS, the City of Denton is in the process of ~mprov~ng Sherman Drive and Bell Avenue, and WHEREAS, ~t ~s necessary to install certain temporary traffic control devices w~thln the C~ty of Denton ~n order to insure the welfare and public safety of the traveling public, and WHEREAS, it ~s in the best interest of the traveling public to install temporary traffic control s~gns on the following desig- nated streets; ~0 PARKING SIGNS Both sides of Roberts Street from Bell to Brown Both s~des of Brown Street from Sherman to Roberts West s~de of Bell Avenue from Sherman to University East side of Palmer Street from Sherman to Peach North s~de of Coronado from Bell to Stuart STOP SIGNS West bound on Roberts Street at Brown Street. NOW. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT. The traffic control devices shall be installed dunng the con- struction period and shall be removed at the end of construction. PASSED AND APPROVED th~s the 21st day of June, A. D. 1977. E~INOR HUGH CITY OF DENTON, TEXAS CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 21ST DAY OF JUNE, A.D. 1977. WHEREAS, the U.S. Clvll Servace Commlssaon admlnasters a matching grant program under the t~tle of the Intergovernmental Personnel Act of 1970; and WHEREAS, this act authorizes the commlssaon to make grants for tralnang for professional, administrative & technical personel for State and local governments and WHEREAS, the Caty of Denton qualifies as the type of govern- mental entity which is authorazed to make application for such grants, and WHEREAS, it is necessary to authorize a representative of the Caty of Denton to make application for such grants; and NOW THEREFORE, be at resolved that the Caty Manager of the City of Denton or has designee be authorized to apply for grants under the Intergovernmental ~ersonnel Act of 1970. ELINOR HUGHES ~ M~q~gR ATTEST: APPROVED AS TO LEGAL FORM~ ~AMF~ff BLANTON, ASST. CITY ATTORN~:~ Next Document AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 5th DAY OF JULY, A.D. 1977. RESOLUTION WHEREAS, an application for Federal Assastance dated May 18, 1977 has been submitted to the Department of Transportation, Federal Aviation Administration (FAA) requesting federal partaca- pataon an the cost of certain ~mprovements at the Denton Munaclpal Aarport, and WHEREAS, the FAA has issued a Grant Offer whach, ~f duly accepted, provides a commitment of $120,000.00 an federal funds for development specaf~ed therean; and WHEREAS, it is determined to be in the interest of the Caty of Denton, Texas to accept this Grant Offer. NOW, THEREFORE, BE IT RESOLVED that the City of Denton does hereby accept the provas~ons of saad Grant Offer, a copy of which is attached hereto and incorporated herein for all purposes, and, to evidence thas acceptance, the Mayor of the C~ty of Denton as hereby authorized and dlrected to execute the Grant Offer on be- half of the City of Denton, Texas. PASSED AND APPROVED this the 5th day of July, A.D. 1977. ELINOR HUGHES , MA~OR CITY OF DENTON t TEXAS CITY OF DENTON, TEXAS PAUL . , CITY ATTORNEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF JULY, A D 1977 RESOLUTION ~E~AS, the City of Denton has passed a concurrent ordin- ance creating the Texas Municipal Power Agency, and ~E~AS, two directors to the Board of Directors of the Texas Municipal Power ~ency shall be chosen by the governing bo~ of the City of Denton, now, therefore, BE IT ~SOL~D BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS SECTION I That the City Council of the Czty of Denton ~ accordance with Ordinance No 75-22 hereby appoints to Place 3 for a te~ of one year, and ~R~ to Place 4 for a ten of two years as Directors to the Board of Directors of the Texas Munzcipal Power Agency SECTION II That this Resolution shall t~e effect t~ediately from and after its passage and it zs so ordered P~SED ~D APPenD thzs the 19th day of July, A D 1977 ELINOR HUGHES, CITY OF DENTON, TEXAS ATTES~ CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FO~ CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF JULY, A. D. 1977. WHEREAS, the Czty of Denton zs zn the process of zmprovlng Sherman Drzve, and WHEREAS, zt zs necessary to znstall certazn temporary traffic control devices wzthzn the Czty of Denton zn order to insure the welfare and publzc safety of the travelzng public, and WHEREAS, zt zs zn the best znterest of the travelzng public to znstall temporary traffzc control szgns durzng the constructzon of the Sherman Drzve Prooect, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT The followzng traffzc control devzces shall be znstalled dur- ing the constructzon perzod and shall be removed at the end of construction: NO PARKING SIGNS Hercules Road from Sherman to Stuart Stuart Road from Sherman to Wzndsor Wzndsor Drzve from Wzlsonwood to Bluebonnet STOP SIGNS Stuart Road both north and south bound traffic at Hercules LOAD LIMIT #10,000 Hercules Road from Sherman to Stuart PASSED AND APPROVED thzs the 19th day of July, A D 1977. E~INOR HUGHES, MA~OR CITY OF DENTON, TEXAS ATTES~'~ CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM. PAUL C. ISHAM, CITY ATTOF~N~Y CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXASt HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF JULYt A. D. 1977. WHEREAS, on the 5th day of July, 1977, the Ad Hoc Anlmal Shelter Committee presented its recommendations to the City Council of the City of Denton, Texas; and WHEREAS, one of the recommendations of that Committee was that adoptions cease because of a distemper epidemic existing at the City Animal Shelter; and WHEREAS, such ceasatlon of adoptions would be in the best interest of the citizens of Denton; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXASt THAT: Ail animal adoptlons at the Denton Animal Shelter cease until ~uch future date as the Council shall then determine. PASSED AND APPROVED this the 19th day of July, A. D. 1977. ELINOR HUGHES,~M~YOR CITY OF DENTON, TEXAS CITY 0F DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 19TH DAY OF JULY, A. D. 1977. WHEREAS, the Plannlng and Zoning Commlsslon strongly recommends and supports a program to construct the Loop 288 highway project; and WHEREAS, public hearings have been held and the State Highway Department has developed plans for the Loop 288 h~ghway project; and WHEREAS, the State Legislature has passed a bill which w~ll per- m~t reimbursement to the City for up to 90% of the r~ght of way acqui- sition costs and the C~ty desires to enter ~nto a contract w~th the State of Texas and start acquiring r~ght of way; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT: The C~ty of Denton offlc~ally approves the Loop 288 h~ghway pro- ]ect and desires to enter ~nto a contractual agreement w~th the State of Texas Department of Highways and Public Transportation for the acquisition of the r~ght of way for all of the north port~on of Loop 288 H~ghway and the south port~on of Loop 288 Highway, and permitting reimbursement by the State based upon current reimbursable percentages for acqu~s~tlon of r~ght of way by the C~ty; authorizing the Mayor to s~gn such contractual docu/nents, and d~rectlng the C~ty to con,hence acquisition of r~ght of way after the necessary documents w~th the State have been executed. PASSED AND APPROVED this the 19th day of July, A. D. 1977. ELINOR HUGHES, M~YOR CITY OF DENTON, TEXAS B~OKS HOLT, CITY S R CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: P~UL ~. ISHAM, CITY ATTORNEY CITY OF DENTON, TEXAS N xt Document AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 16TH DAY OF AUGUST, A. D 1977. RESOLUTION WHEREAS, the City Council of the City of Denton, Texas passed a "Cable Television" ordinance on June 21, 1977, and WHEREAS, Section 27-50 of that ordinance provides for the estab- lishment of a CATV Advisory Board; and WHEREAS, the C~ty Council now desires to create and establish a CATV Advisory Board; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS (1) That a "CATV Advisory Board" for the C~ty of Denton ~s here- by established pursuant to Section 27-50 of Ordinance No. 77-35 "Cable Television"; and the Board shall perform those functions enumerated ~n the ordznance. (2) The C,ty desires to have some members on the Board that have expertise ~n regards to cable television, and, therefore, ~t may be advisable to appoint members to the Board that are not c~t~zens of the City of Denton. However, at least three of the f~ve members shall be c~t~zens o£ the C~ty of Denton. (3) The C~ty Manager or Acting C~ty Manager shall w~th~n forty- f~ve (45) days after the passage of th~s resolution convene an organ- · zatlonal meeting of the Board, and at such meeting the Board shall select from ~ts own membership a chairman and v~ce-cha~rman. Any three of the regularly appointed members shall constitute a quorum. The Board shall determine ~ts own rules and orders of bus~ness. PASSBD AND APPROVED th~s the 16th day of August, A. D. 1977. ELI~'OR HUGHES, CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM. PAUL C. i~HAM, CiTY A'f'fORN~Y CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 16TH DAY OF AUGUST~ 1977. RESOLUTION WHEREAS, a need exists within the Police Department of the C~ty of Denton for a Document Storage and Retrieval System, and WHEREAS, funding ~s available from the Texas Criminal Justice Council to assist the City of Denton in the purchase of th~s needed equipment, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That application be made to the Texas Criminal Justice Council to asszst the C~ty of Denton ~n the purchase of a Document Storage and Retrieval System for the Denton Police Department. PASSED AND APPROVED this the 16th day of August, 1977. ELINOR HUGHES, MAY-OR CITY OF DENTON, TEXAS ATTES/~ ~h~OKS HOLT, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM PAUL U. ISHAM~ CITY AT'I'ORNB¥ CITY OF DENTON, TEXAS A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS ("CITY") REQUESTING THE DISTRICT COURT OF GRIMES COUNTY, TEXAS, AND ANY APPELLATE COURTS WHICH MAY HAVE JURISDICTION TO EXPEDITE A SUIT BROUGHT AGAINST THE TEXAS MUNICIPAL POWER AGENCY BY A GROUP CALLED THE GRIMES COUNTY TAXPAYERS ASSOCIATION AND AUTHORIZING THE CITY ATTORNEY TO TAKE SUCH ACTION AS MAY BE APPROPRIATE, INCLUDING INTERVENTION IN SAID SUIT, TO ACCOMPLISH SAID PURPOSE. WHEREAS, on July 25, 1977, the State of Texas, on relation of a group calling itself the "Grimes County Taxpayers Association" flled su~t In the 12th Judicial Dlstr~ct Court of Grimes County, Texas, being Cause No. 22,648, against the Texas Municipal Power Agency ("TMPA"), and WHEREAS, thls City was one of four c~tles whlch passed concurrent ordinances on July 18, 1975, creatlng the TMPA, and WHEREAS, it ls essential to the future electric energy needs of th~s City that the TMPA complete ~ts plans to furnish electricity to th~s Clty, since the exlstlng gas-f~red un~ts of th~s C~ty w~ll beg~n to be phased out ~n 1981 by order of the Railroad Commission of Texas, and s~nce the llgnlte plant being bullt by TMPA in Grimes County w~ll provide electrlclty to th~s C~ty, and WHEREAS, the TMPA has sold $50,000,000.00 ~n bonds, and entered ~nto contracts for equipment or land ultimately ~nvolvlng payments in excess of $106,000,000.00 to help meet the future electrlc energy needs of th~s Clty, and WHEREAS, ~t ~s essential that the TMPA be able to sell additional bonds in order to continue ~ts plans to provide electricity to this City and to contlnue with ~ts llgnlte plant and it wlll not be possible to proceed wlth the selllng of said bonds until the courts dec~de the issues ralsed in th~s lawsuit. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS 1. That the above recitals are true and correct, 2 That it ~s the official request of th~s C~ty Council, on behalf of the C~ty of Denton, Texas, and ~ts 46,000 ~nhabltants, that the D~strlct Court of Grimes County, Texas, and any appellate courts which may have ]ur~sd~ctlon, advance the case styled State of Texas, ~la~ntlff, and Grlmes County Taxpayers Association, et al, relators, v. Texas Munlcipal Power A~enc~ on their dockets and dec~de the lssues ralseG · n sa~d su~t as quickly as is consistent w~th affording justice to the part~es. 3. That the Clty Attorney ~s hereby authorized to take such action as may be appropriate, ~nclud~ng ~ntervent~on ~n sa~d sult to accomplish sa~d purpose, and any action of the Clty Attorney heretofore taken ~n intervening therein is hereby ratified, conf~rmed and approved PASSED AND APPROVED thls f~. day of August, 1977. Mayor ATTES~ City Secre y N ext Document RESOLUTION A Resolutmon by the Cmty Councml of the Cmty of Denton, Texas. relatmng to the creatmon, organmzatmon and reorganmzatmon of a non- profmt corporatmon for the purposes of fmnancmng student loan notes, making certamn fxndmngs in connection therewith, and provxdxng an effective date. WHEREAS, the members of th~s governxng body recognmze that a college education ~s a valuable asset and a student's mnabll~ty to meet all of the fmnancxal commitments should not prevent the obtain- lng of an educatmon when mt is possible to obtain f~nanclng for such educatmbnal opportun~tmes; and WHEREAS, ~t has been called to the attentmon of thms governing body that a program for flnanczng student educational loans through the Unmted States Offxce of Education may be made available to res~- dents and students of th~s area through the formation of a non-profit corporation with the power to sell bonds mn order to provmde student loan notes and xt appears that under present procedures the ~nterest on bonds ~ssued by the corporatmon would be exempted from federal in- come tax and the ~ncome of the corporation would not be sub3ect to federal ~ncome tax, and WHEREAS~ thms governmng body desmres to assmst mn the futher- ance of the education and aspirations of young people in the area, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION I. That the persons to be named later are requested, on behalf of thms governing body~ to revmew the proposed student loan program and establish, re-establxsh or reorganize a non-profmt corporation w~th the power to operate and f~nance a student loan program SECTION II. That such persons are further requested to act as D~rectors of such corporation mn the development and mmplementat~on of a plan to determmne the econommc feas~b~lxty and v~ab~lmty of the plan and re- port to thms Councml together wmth a detamled plan of the mmplemen- tatlon thereof. SECTION III Th~s Resolutmon shall be effectmve from and after ~ts passage and IT IS SO RESOLVED. PASSED AND APPROVED thms the 6th day of September, A. D. 1977. ELINOR HUGHES , 'Filer'OR CITY OF DENTON, TEXAS ATTEST: /~ CITY OF DENTON~ TEXAS APPROVED AS TO LEGAL FORM. PAUL C. ISHAM~ CITY ATTORNE~ CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF SEPTEMBER, A. D. 1977. WHEREAS, the City of Denton passed a resolution on July 19, 1977, approving the Loop 288 highway pro3ect and authorizing the Mayor to s~gn contractual documents w~th the State of Texas Depart- ment of Highways and Public Transportation for the acquisition of r~ght of way for all of the north port~on of Loop 288 H~ghway and the south port~on of Loop 288 H~ghway, and directing the C~ty to commence acquisition of r~ght of way; and WHEREAS, there has been c~tlzen opposition for construction of the south port~on of Loop 288 H~ghway west of Farm to Market Road 2181 (Teasley Lane), and WHEREAS, the C~ty of Denton desires to rescind ~ts resolution of July 19, 1977, and only approve the north port,on of Loop 288 Highway and a part of the south port~on of Loop 288 H~ghway, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT The C~ty of Denton officially approves the north port,on of Loop 288 Highway and the south port~on of Loop 288 H~ghway from Interstate H~ghway 3SE to Farm to Market Road 2181 (Teasley Lane) and desires to enter ~nto a contractual agreement w~th the State of Texas Department of Highways and Public Transportation for the acquisition of the r~ght of way for all of the north portion of Loop 288 H~ghway and the south port~on of Loop 288 H~ghwa7 from Interstate H~ghway 3SE to Farm to Market Road 2181 (Teasley Lane), and permitting reimbursement by the State based upon current lmbursable percentages for acquisition of r~ght of way by the C~ty, authorizing the Mayor to s~gn such contractual documents, and d~rect~ng the C~ty to commence acquisition of r~ght of way after the necessary documents w~th the State have been executed. PASSED AND APPROVED this the 20th day of September, A. D. 1977. BLINOR HUGH'ES';" MAY~Y~ CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: PlRUL C. ISHAM, CITY ATTORNEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF SEPTEMBER, A. D 1977. _ _S_OLU_ZiO _ WHEREAS, many citizens of the City of Denton have objected to the construction of the section of the south portion of the Loop 288 Highway project from Farm to Market Road 2181 (Teasley Lane) west to Interstate Highway 35W, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT The City of Denton officially disapproves the section of the south portion of the Loop 288 Highway project from Farm to Market Road 2181 (Teasley Lane) west to Interstate Highway 35W and it will not seek nor actually acquire any right of way along the above section of the south portion of Loop 288. PASSED AND APPROVED this the 20th day of September, A. D. 1977. ELINOR HUGHES~ CITY OF DENTON, TEXAS ~(~ITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM P~I]]~- C. ISh"AM~ CITY ATTORNB CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 27TH DAY OF SEPTEMBER, A.D. 1977. WHEREAS, an Application for Federal Assistance dated September 19, 1977 has been submltted to the Department of Transportation, Federal Aviation Administration (FAA) requesting federal partici- pation · n the cost of certain ~mprovements at the Denton Municipal A~rport; and WHEREAS, the FAA has ~ssued a Grant Offer which, ~f duly accepted, provides a commitment of $53,650.00 ~n federal funds for development specified thereln; and WHEREAS, ~t ~s determined to be ~n the ~nterest of the Clty of Denton, Texas to accept thls Grant Offer. NOW, THEREFORE, BE IT RESOLVED that the Clty of Denton does hereby aooept the provisions of sa~d Grant Offer, a copy of which ~s attached hereto and ~ncorporated herein for all purposes, and, to evidence this acceptance, the Mayor of the C~ty of Denton is hereby authorized and d~reoted to execute the Grant Offer on be- half of the C~ty of Denton, Texas. PASSED AND APPROVED th~s the 27th day of September, A.D. 1977. ELINOR HUGHES, MAYOR CITY OF DENTON, TEXAS ATTE~ APPROVED AS TO LEGAL FORM: PAUL C. ISHAMt CITY ATTORNEY CITY OF DENTON, TEXAS AT AN ~bS~RG~CY CAT.T.~D MES~ING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, ~.D IN THE ~UNICIPAL BUILDING OF SAID CITY ON THE 30TH DAY OF SEPT~ER, A.D. 1977 RESOLUTION WHEREAS, the Caty of De,ton, Texas, and the Departmsnt of Transportation, Federal Aviation Admmnmstratmon (FAA), have entered znto a certain Grant ~3re~m~nt whmch provades federal partaczpataon zn specified lmprov~m~--nt of Denton Munzczpal Aarport, WHEREAS, zn response to a request duly fzled by the City of Denton, the FAA has pre- pared An~ndm~nt No. 1 to sald Grant Agreement, copy attached, and has sukmtltted zt to the Czty of Dent~ for acceptance and executaC~, and WHEREAS, at is detexmzned to be mn the znterest of the Czty of Dento~ and FAA to amend said Grant ~n the partaculars speczfzed zn said Amendment; NOW, THEREFORE, BE IT RESOLV~I) that the Czty of Denton does hereby accept the pro- vzszons of sazd Amendment, a copy of whach as attached hereto and incorporated herezn for all purposes, end to evzdence this acceptance, the Mayor ls hereby authorzzed and dzrected to execute sa~d Amendment on behalf of the Czty of Denton, Texas. PASSED, AND APPROV~D THIS THE 30th day of September, 1977. CITY OF D~N~ON, TEXAS CITY OF D~k~ON, TEXAS APPROVED AS TO LEGAL FORM' FEDERAL AVIATION ADMINISTRATION Denton Mun~c ~pal A~rport Dentont Texas AMENDMENT NO_. .]. TO GRANT AGREEMENT FOR PROJECT NO 5-48-00~_7-03 WHEREAS, the Federal Aviation Admimstrat~on (hereinafter referred to as the "FAA") has deter- mined ~t to be la the interest of the Umted States that the Grant Agreement between the FAA, acting for and on behalf of the Umted States, and the Cxt¥ of Denton, Texas (hereinafter referred to as the "Sponsor"), accepted by sa~d Sponsor on the~day of. ~, 19 76, be amended as hereinafter provided NOW THEREFORE, WITNESSETH That m consideration of the benefits to accrue to the parUes hereto, the FAA on behalf of the Umted States, on the one part, and the Sponsor, on the other part, do hereby mutually agree that the maxmmm amount of the obhgat~on of the Umted States as set forth m paragraph I of the terms and conditions of the Grant Agreement between the Umted States and the Sponsor, accepted by sa~d Sponsor on the 21st day of Se~ 1976_, relaUng to ~n A~rport, Project No 5-48-0067-03 , ~s hereby increased from $~85e000.00 to $ 298,300.00 IN WITNESS WHEREOF, the part~es hereto have caused th~s Amendment to sa~d Grant Agreement tobedulyexecutedasofthe 30~ dayof ~pt~ , 19 77 UNITED STATES OF AMERICA FED~ AVIATION ADMINISrRATION Ttt le ~_~~~r ts~s~xct Off~ce C~ ~ D~N, '1'~ (SEAL) T~tle Attest ~~ T~tle ~ ~ Page 2 ot 2 Pages CERTIFICATE OF SPONSOR'S ATTORNEY I, ~ '~L~ ~JT'fll'~ , acting as Attorney for-~he C~D2 _o~_ Dento0_~ _T_ex~ ~_ -, (hereinafter referred to as "Sponsor") do hereby certff~ That I have examined the foregoing Amendment to Grant Agreement ,md the proceedings taken by said Sponsor relating thereto, and find that the execution thereof b~ smd Sponsor ha~ been duly author]zed and m m all respects due and proper and in accmdan~e ~lth the laws of the State of T .e~a.$ , and further that, in my op]mon, smd Amendment to Grant Agree- ment constitutes a legal and b~ndmg obhgat]on of the Sponsor m accordance with the terms thereof Dated at D~.nton, Texas , this 30~-hday of Sept~__~_________ , 19 77 NeXt DoCument t t AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 4TH DAY OF OCTOBER, A.D. 1977. RESOLUTION WHEREAS, Article VIII, Section 1-b of the Texas Constitution provides that political subdivisions of the State may exempt from ad valorem taxes, not less than Three Thousand Dollars ($3,000.00) of the assessed taxable value of resident homesteads of persons sixty-five (65) years of age or older; and WHEREAS, by Resolution dated January 16, 1973, the City Council approved an exemption of Three Thousand Dollars ($3,000.00) and by Resolution dated June 7, 1977, the City Council approved an exemption of Four Thousand Five Hundred ($4,500.00) Dollars; and WHEREAS, the City Council of the City of Denton raised the percentage used to determine the assessed taxable value of resi- dential property ~n the Clty of Denton and the City Councll desires to prevent taxes paid by the elderly from rising. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That pursuant to Article VIII, Section l-b, of the Texas Constitution, the exemptlon for resident homesteads is raised from Four Thousand F~ve Hundred Dollars ($4,500.00) to Slx Thousand ($6,000.00) Dollars of the assessed taxable value of resident home- steads of persons of sixty-five (65) years of age or older, and such value shall be exempt from City Ad Valorem Taxes when taxes are lev~ed for the year 1977, and all subsequent levies. That this Resolution shall be effective ~r~edlately after its passage. PASSED and APPROVED this the 4th day of October, A.D. 1977. ! ELOR~UGHES~ CITY OF DENTON~ TEXAS ATTEST: B~OOz~S I{OLT, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: PAUL C. IS}{AM, CITY ATTOP~NEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 4TH DAY OF OCTOBER, A. D. 1977. RESOLUTION WHEREAS, the Texas Department of Community Affairs has sub- mltted a contract for programs under the Intergovermental Person- nel Act to the City of Denton, and WHEREAS, the Texas Department of Community Affairs has issued an offer and contract which, ~f duly accepted, provides a commit- ment of $7,500.00 ~n funds for personnel training activities specified therein, and WHEREAS, ~t ~s determined to be ~n the ~nterest of the C~ty of Denton, Texas to accept this offer and contract. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That the C~ty of Denton does hereby accept the provisions of sa~d contract, a copy of which ~s attached hereto and incorporated here~n for all purposes, and, to evidence th~s acceptance, the Mayor of the C~ty of Denton ~s hereby authorized and d~rected to execute the contract on behalf of the C~ty of Denton, Texas. PASSED AND APPROVED thxs the 4th day of October, A. D. 1977. CITY OF DENTON, TEXAS ATTEST APPROVED AS TO LEGAL FORM ..... ATTORNBY CITY OF DENTON, TEXAS AT A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE llTH DAY OF OCTOBER, A. D. 1977. RESOLUTION WHEREAS, an Application for Federal Assistance dated the 19th day of September, 1977 has been submitted to the Department of Transportation, Federal Aviation Administration (FAA) request- ~ng federal participation in the cost of certain ~mprovements at the Denton Municipal Airport; and WHEREAS, the FAA has issued a Grant Offer which, ~f duly accepted, provides a commitment of $289,650.00 ~n federal funds for development specified there~n, and WHEREAS, ~t is determined to be ~n the ~nterest of the C~ty of Denton, Texas to accept th~s Grant Offer. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That the City of Denton does hereby accept the provisions of said Grant Offer, a copy of which ~s attached hereto and in- corporated here~n for all purposes, and, to evidence th~s accept- ance, the Mayor of the C~ty of Denton ~s hereby authorized and d~rected to execute the Grant Offer on behalf of the C~ty of Denton, Texas. PASSED AND APPROVED this the llth day of October, A. D. 1977. ELINOR HUGHES, MA~_~R CITY OF DENTON, TEXAS ATTE S~-~ ~T~ICS HOLT, CITY SECRETAR'~ Y OF DENTON, TEXAS APPROVED AS TO LEGAL PORM PAUL C. ISHAM, CITY ATTORNEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 2STH DAY OF OCTOBER, A. D. 1977. WHEREAS, the City of Denton desires to establish the pos~t~ons w~th~n the Denton Police Department; and WHEREAS, th~s ~s necessary pursuant to the Texas Civil Service Act, Article 1269m, NOW~ THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That there be established the following pos~t~ons w~th~n the Denton Police Department 1 Chief 1 Assistant Chief 2 Captains 6 L~eutenants 5 Sergeants 46 Patrol Persons PASSED and APPROVED th~s the 25th day of October, A. D 1977. tFLINOR HUGHES, CITY OF DENTON~ TEXAS BROOKS H~ SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM' CITY OF DBNTON~ TEXAS Next DoCument AT A REGULAR MEETING OF THE CITY COUNCIL OE THE CITY OP DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 1ST DAY OF NOVEMBER, A. D. 1977. RESOLUTION WHERBAS, effective October 17, 1977, munlclpalmt~es are permitted to b~d on government surplus ~tems sold by the General Services Administration thru the Texas Surplus Property Agency, and WHEREAS, the City of Denton desires to bid, from time to time, on government surplus items ~n order to use such ~tems for the Cmty, and WHEREAS, ~t ms necessary to designate an agent for the C~ty of Denton to submit such b~ds, and to obligate any necessary funds for the purchase of such ~tems, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS. That John Marshall, Purchasing Agent for the C~ty of Denton, Texas, ms hereby authormzed to submit bmds on behalf of the City of Denton, Texas, to the General Services Administration thru the Texas Surplus Property Agency for the purchase of government surplus property and to obligate any necessary funds for such pur- chases, and is authorized as the agent for the C~ty of Denton re- garding such surplus ~tems provided the C~ty of Denton Charter provisions, purchasing ordinance and State Statutes are not vmolated. PASSED and APPROVED th~s the 1st day of November, A. D. 1977o ELINOR HUGHES, I~JOR CITY OF DENTON, TEXAS C~TY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 1ST DAY OF NOVEMBER, A. D. 1977. RESOLUTION WHEREAS, the City of Denton desires to enter ~nto an agree- ment wlth Human Resources Management for the training of super- v~sors and managers at the City of Denton, NOW, THEREFORE~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON~ TEXAS: That Chris Hartung, Clty Manager of the C~ty of Denton, Texas, ~s hereby authorized to enter ~nto an agreement wmth Human Resources Management of R~chardson, Texas for the tra~n- lng of first level supervisors and department managers and assistant department managers of the City of Denton, Texas for the cost of $7,680.00 plus materials cost and administrative expenses. PASSED AND APPROVED this the 1st day of November, A. D. 1977. ELINOR HUGHES~/~~0R CITY OF DENTON~ TEXAS ATTEST It~O0'KS HOLT~ CI'i'Y SECRETARY CITY OF DENTON~ TEXAS APPROVED AS TO LEGAL FORM: SHAI~I~ UI'fY ATTORNEY CITY OF DENTON~ TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 15TH DAY OF NOVEMBER, A. D. 1977. RESOLUTION WHEREAS, the City of Denton, Texas wishes to bargain, sell and convey to the Denton Housing Authority or Lewis Wallace, his heirs and assigns a certain tract of realty located in the City of Denton, Texas, and more fully set out as follows: Ail that certain lot, tract or parcel of land lying and being part of the J. Carter Survey, Abstract No. 268 and being part of Lot Nos. 5 & 6, of the W. S. Hurst Addition, an addition to the City and County of Denton, and also being part of a tract of land as conveyed from V. L. McCart, Trustee to City of Denton by deed dated May 20, 1971 and recorded in Volume 622, Page 112 of the Deed Records of Denton County, Texas, and more particularly described as follows: BEGINNING at a point in the west boundary line of said tract, said point of beginning being 123.31 feet south 0° 28' 54" east of the northwest corner of said tract; THENCE north 88° 11' 25" east a distance of 113.65 feet to a point for a corner in the west right of way line of Bell Avenue; THENCE south 1° 17' 3" west along the west right of way of Bell Avenue a distance of 65.31 feet to the beginning of a curve to the right, said curve to the right having curve data off%= 32~ 50' 48", R=501.11', T=-147.71' and L=287.28'; THENCE southwesterly along said curve to the right, same being the west right of way line of Bell Avenue, a d~stance of 287.28 feet to the beginning of a second curve to the right, said second curve to the right having curve data of~=4° 57' 14", R=480.00', T=20.50' and L=41.50'; THENCE southwesterly along said second curve to the right, same be- lng the west right of way line of Bell Avenue a distance of 41.50 feet to a point for a corner in the west boundary line of said tract; THENCE north 0° 38' 33" east along the west boundary line of said tract a distance of 366.96 feet to the place of beginning and con- talnlng 35,157.9 square feet of land, more or less. WHEREAS, the City of Denton and the Denton Housing Authority or Lewis Wallacet his heirs and assigns agree that a consideration of Seventy-Five Cents (75¢) a foot or $26,368.42 is a fair and agreed value of such described property. NOWt THEREFORE~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That the City of Denton and the Denton Housing Authority or Lewis Wallace, his heirs and assigns enter into a Contract for the sale of the above described property and that the Mayor of the C~ty of Denton, Texas be and Ks hereby authorized to execute such ~nstruments that are necessary to consummate such transfer. PASSED AND APPROVED this the ~th day of November, A. D. 1977. , M~R CITY OF DENTON, TEXAS ATTEST://~ BR&K)~S' HOLT, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: ~A~E~ A. BLANTON, ASSISTANT CI~ ATTORNEY, CITY OF DENTON, TEXAS Next Document AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 13TH DAY OF DECEMBER, A. D. 1977. THE STATE OF TEXAS ~ COUNTY OF DENTON I RESOLUTION IN APPRECIATION OF CITY OF DENTON I THE DENTON BRONCO FOOTBALL TEAM WHEREAS, the Crty of Denton, Texas rs honored by the presence of an outstandrng 1977 Bronco Foot- ball Team, and WHEREAS, these young men havrng 8 wrns, 2 losses and I t~e overall, and 6 w~ns and no loss rn drstrrct play accomplished wrnnrng the champronshrp rn Drstrrct 6-AAAA for the frrst trme rn frye years, and WHEREAS~ these young and dedrcated athletes are addrng honor and prestrge to Denton Hrgh School, and the Crty of Denton by grvrng of their trme and efforts to the game of football, and WHEREAS, rt rs only frtt~ng and proper to recognrze such outstandrng and esteemed athletes, and to en- courage them to remarn wrthrn, and be a part of, our communrty. NOW, THEREFORE~ the Crty Councrl of the Crty of Denton actrng on behalf of the ertrzens of Denton wrshes to acknowledge wrth grateful apprecratron the accomplrshments and recognrtron that the Denton Hrgh School Bronco Football Team has brought to the Crty of Denton, and order that thrs Resolutron be made a part of the offrc~al mrnutes of thrs Councrl to be a permanent record of the Crty, and that a copy of thrs Resolutron be forwarded to the team rn care of B~ll Shrpman as a token of our apprecrat~ono PASSED AND APPROVED thrs the 13th day of December, A. D. 1977. ELINQR HUGHES, ~QR CITY OF DENTON~ TEXAS ATTES~:~ CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE ISTH DAY OF DECEMBER, A. D. 1977. THE STATE OF TEXAS COUNTY OF DENTON I RESOLUTION IN APPRECIATION OF CITY OF DENTON ~ THE MEAN GREEN FOOTBALL TEAM WHEREAS, North Texas State Unrversrty rs elassrfred rn D~v~sron I by the National Collegiate Athletic Assoeratron (NCAA), and WHEREAS, the Mean Green athletic teams under the leader- sh~p of Hayden Fry, Athletre Drreetor, have been upgradrng theft programs and seekrng national promrnence rn athletrcs, and WHEREAS, Head Coach Hayden Fry and hfs staff have led the 1977 Mean Green Football team to a 9 wrn~2 loss season; and WHEREAS, thrs represents the best record of a NTSU foot~ ball team srnce 1959, and thrs team has gamed national recognrtron for North Texas State Unr- versrty and the Crty of Denton, and WHEREAS, two members of the team, Ken Washrngton and Walter Chapman, have received All-Amerrean recogn~tron; and WHEREAS, the team has played wrth great desrre, abrlrty and sportmanshrp that characterizes them as true champions; NOW, THEREFORE, the C~ty Council of the Crty of Denton aetrng on behalf of the e~t~zens of Denton w~shes to a~know- ledge wrth grateful apprecratron the accomplrsh- ments and recognrtron that the North Texas State Unrvers~ty Mean Green Football Team has brought to the Crty of Denton, and order that th~s Reso- lutron be made a part of the offr¢~al mrnutes of thrs Coun~rl to be a permanent record of the Crty, and that a copy of thrs Resolutron be forwarded to the team rn care of Hayden Fry as a token of our apprecratron. PASSED AND APPROVED thrs the 13th day of December, A. D. 1977. ELINOR HU~H~S, M~OR CITY OF DENTON, TEXAS ATTEST' CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: CITY OF DENTON, TEXAS AT A REGULAR MEETING OE THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF DECEMBER, A D. 1977. RESOLUTION WHEREAS, the United States Congress has passed the Land and Water Conservation Fund Act of 1965 (Public Law 88-578), authorizing the Secretary of the Interior to provide f~nanclal assistance to states, and pol~t~cal subdivisions thereof, for outdoor recreation purposes, and WHERBAS, the Texas Legislature has adopted Article 6081r, V.A.C.S., for the purpose of allowing the State of Texas, and · ts pol~t~cal subdivisions, to participate ~n the Federal pro- gram established by the Federal Government, and WHEREAS, the C~ty of Denton ~s fully eligible to receive assistance under this program, and WHEREAS, the City Council of the C~ty of Denton is desirous of authorizing ~ts administrative staff to represent and act for the c~ty ~n dealing w~th the Texas Parks and W~ldl~fe Department concerning th~s program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DBNTON~ TEXAS, THAT: SECTION I. That the C~ty Council of the C~ty of Denton hereby cer- tifies that the C~ty of Denton ~s eligible to receive assistance under Public Law 88-578, as augumented by Article 6081r, V.A.C.S. SECTION II. That the C~ty Council hereby authorizes and directs its Mayor to represent and act for the C~ty of Denton ~n dealing w~th the Texas Parks and Wildlife Department for the purpose of thxs program. The Mayor ~s hereby officially designated as the C~ty's representative ~n th~s regard. SECTION III. The C~ty Council hereby designates ~ts D~rector of F~nance as the official authorized to serve as the City's f~scal officer to receive Federal funds for purposes of th~s program. SECTION IV. The City Council hereby specifically authorizes the City officials here~n designated to make application to the Texas Parks and Wildlife Department concerning the tracts of land to be known as North Lake Park in the C~ty of Denton for use as a park smte. That North Lake Park is dedicated for public outdoor recreation purposes. PASSED AND APPROVED this the 20th day of December, A. D. 1977. ELiNOR HUGHE~ CITY OF DENTON, TEXAS ATTBST.) 7 BRO"KS HOLT, CITY S'~'CRETARY CITY OF DENTON~ TEXAS APPROVED AS TO LEGAL FORM' C. ISHAM~ CITY ATTORNEY CITY OF DENTON~ TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE ~O~'~DAY OF DECEMBER, A D. 1977. RESOLUTION WHEREAS, the City Council previously passed a Resolution on November 15, 1977, authorizing the conveyance of a tract of land to the Denton Housing Authority or Lewis Wallace, his heirs and assigns, and WHEREAS, that Resolution contained an erroneous legaldescrlp- tion, and WHEREAS, said property is to be conveyed to the Denton HousIng Developing Corporation, an instrumentality of the Denton Housing Authomty, and an assignee of sa~d Denton Housing Authority, and WHEREAS, the City of Denton, Texas, needs to correct that des- cmptlon and w~shes to bargain, sell and convey to the Denton Housing Develop- ment Corporation, its successors and assigns, a certain tract of realty located in the City of Denton, Texas, and more fully set out as follows · ALL THAT CERTAIN lot, tract or parcel of land lying and being situated ~n the C~ty and County of Denton, State of Texas, and being part of the J. Carter Survey, Abstract No. 268, and being part of Lot Nos. 5 and 6 of the W. S. Hurst Addition, an addition to the City and County of Denton, and also being part of a tract of land as conveyed from V L McCart, Trustee to C~ty of Denton by deed daled May 20, 1971 and recorded in Volume 622, Page 112 of the Deed Records of Denton County, Texas, and more particularly described as follows BEGINNING at a steel pin in the West Boundary Line of sa~d tract, said point of begmnlng being 123.31 feet South 0° 28' 54" East of the northwest corner of said tract, ~rH~NCE North 88° 11' 25" East a d~stance of 113.67 feet to a steel pin for a corner in the West mght-of-way hne of Bell Avenue, THENCE South 10 17' 32" West along the West right-of-way line of Bell Avenue a distance of 65 30 feet to the begmnlng of a curve to the right, said curve to the right having a central angle of 32° 50' 48", radius 501.11', tangent 147.71' and length 287.28', RESOLUTION, page one THENCE Southwesterly along smd curve to the right, same being the West rlght-of-way line of Bell Avenue, a distance of 287.28 feet to the beginning of a curve to the left, said curve to the left having a central angle of 4° 57' 14", radius 480', tangent 20.50' and length 41.50', THENCE Southwesterly along said curve to the left, same being the West right-of-way i~ne of Bell Avenue, a distance of 41 50 feet to a point for a corner, THENCE North 88° 39' 46" West adlstance of 2 96 feet to a point for a corner m the West Boundary Line of said tract, THENCE North 0° 11' 04" West along the West Boundary Line of said tract a distance of 366.86 feet to the place of beginning and containing 29,976.2 square feet of land, more or less. WHEREAS. the City of Denton and the Denton Housing Development Corporation agree that a consideration of Seventy-Five Cents (75~) a foot or$22,482.15 is a fair and agreed value of such described property. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS That the City of Denton and the Denton Housing Development Corpor- ation, its successors and assigns, enter into a contract for the sale of the above described property and that the Mayor of the City of Denton, Texas, be and is hereby authorized to execute such instruments that are necessary to consummate such transfer. PASSED AND APPROVED th~s the ~_~day of December, A. D 1977 ELINOR HUGHES, MAYOR CITY OF DENTON, TEXAS AT T~T ~ BROOKS HOLT, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM CITY OF DENTON, TEXAS RESOLUTION, page two AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF DECEMBER, A. D 1977. RESOLUTION WHEREAS, an Appl~catxon for State Assistance has been sub- m~tted to the Texas Aeronautics Commxss~on (TAC) requestxng State participation xn the cost of certain ~mprovements at the Denton Munxc~pal A~rport, and WHERBAS~ the TAC has ~ssued a Grant Offer which, xf duly accepted, provides a commitment of $25,000.00 xn State funds for development specified there~n; and WHEREAS, ~t ~s determined to be ~n the xnterest of the C~ty of Denton to accept th~s Grant Offer, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS' That the C~ty of Denton does hereby accept the prov~sxons of sa~d Grant Offer, a copy of which xs attached hereto and xn- corporated here~n for all purposes, and, to evidence th~s accept- ance, the Mayor of the C~ty of Denton, Texas, xs hereby authorized and dxrected to execute the Grant Offer on behalf of the C~ty of Denton. PASSED AND APPROVED th~s the 20th day of December, A. D. 1977. ELINOR MUGHES,~AYOR CITY OF DENTON, TEXAS ATTE ST:, BROOKS'HOLT~ CITY SECRETARY CITY OF DBNTON~ TEXAS APPROVED AS TO LEGAL FORM' ~PAUL C. I~MAM, CITY ATTORNEY CITY OE DENTON, TEXAS