HomeMy WebLinkAbout2002-045ORDINANCE NO. 2002-
AN ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS;
AND PROVIDING FOR AN EFFECTIVE DATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
Section I. That the City Secretary is directed to issue a Notice of Sale of Bonds in substantially
the following form:
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CITY OF DENTON, TEXAS
$12,075,000
GENERAL OBLIGATION BONDS
SERIES 2002
The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the
Municipal Building, 215 E. McKinney Street, in the City of Denton until:
2:30 p.m., C.D.T., Tuesday, April 2, 2002
for the purchase of
$12,075,000 General Obligation Bonds, Series 2002 to be dated April 1, 2002, and to mature serially
on December 1 of each year 2003 through 2022.
Sealed bids, plainly marked 'Bid for Bonds", should be addressed to "Honorable Mayor and City
Council, City of Denton, Texas", and must be submitted on the "Official Bid Form" to be made
available by the City Council prior to the date of sale.
All sealed bids will be publicly opened and tabulated before the Council
Copies of the "Official Statement", "Notice of Sale", and "Official Bid Form" are being prepared and
will be distributed to prospective bidders on or about March 25, 2002, and will be famished to any
prospective bidder upon request, by First Southwest Company, 777 Main Street, Suite 1200, Fort
Worth, Texas 76102, Financial Advisor to the City.
The City reserves the right to reject any and all bids and to waive any and all irregularities
By order of the City Council of the City of Denton, Texas.
JENNIFER K. WALTERS
City Secretary
City of Denton, Texas
Section II. That said Notice shall be published once in The Bond Buyer, New York, New York,
which is a national publication regularly and primarily carrying financial news and municipal bond sale notices;
and said Notice also shall be published once in the 'Denton Record -Chronicle", which has been designated
as the official newspaper of the City of Denton. Said publications shall be made at least thirty days prior to
the day set for receiving bids.
Section Ill. That this Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this 19th day of February, 2002.
Euline Brock, Mayor
ATTEST:
City Secretary
APPROVED AS TO LEGAL FORM:
Herbert L. Prouty, City Attorney
By: