1977-015ORDINANCE NO 77- 14$'w
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
1 That the City Secretary is directed to issue a Notice
of Sale of Bonds in substantially the following form
OFFICIAL NOTICE OF SALE
CITY OF DENTON, TEXAS
$500,000
WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1977
$3,000,000
GENERAL OBLIGATION BONDS,
SERIES 1977
The City Council of the City of Denton, Denton County,
Texas, will receive sealed bids at the Municipal Build-
ing, 215 E McKinney Street, in the City of Denton until
7 00 p m , Tuesday, May 17, 1977
for the purchase of
$500,000 Waterworks and Sewer System Revenue Bonds, to
be dated April 15, 1977, and to mature serially July 15
each year 1980 through 1992
$3,000,000 General Obligation Bonds, to be dated June 1,
and to mature serially June 1 each year 1979
through 1997
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" and "Official Bid
Form" are being prepared and will be mailed to prospec-
tive bidders on or about April 26, 1977, and will be
furnished to any prospective bidder upon request, by
First Southwest Company, 900 Mercantile Bank Building,
Dallas, Texas, 75201, Financial Advisors 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
BROOKS HOLT
City Secretary
City of Denton, Texas
2 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", wnich has been designated as
the official newspaper of the City of Denton Said publica-
tions shall be made at least thirty days prior to the day set
for receiving bids
CERTIFICATE FOR
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
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 said City convened in
SPECIAL MEETING ON THE 28Th DAY OF MARCH, 1977,
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 Elinor Hughes, Mayor
Bill Nash Ray Stephens
Joe Mitchell Vacancy
and all of said persons were present, except the following
absentees fJ n u- ,
thus constituting a quorum Whereupon, among other business,
the following was transacted at said Meeting a written
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
was duly introduced for the consideration of said City Council
and read in full It was then duly moved and seconded that said
Ordinance be passed, and, after due discussion, said motion,
carrying with it the passage of said Ordinance, prevailed and
carried by the following vote
AYES All members of said City Council
shown present above voted "Aye"
NOES None
2 That a true, full, and correct copy of the aforesaid
Ordinance passed at the Meeting described in the above and fore-
gop.ng paragraph is attached to and follows this Certificate,
that said Ordinance has been duly recorded in said City Council's
minutes of said Meeting, that the above and foregoing paragraph
is a true, full, and correct excerpt from said City Council's
minutes of said Meeting pertaining to the passage of said Ordi-
nance, 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 noti-
fied officially and personally, in advance, of the time, place,
and purpose of the aforesaid Meeting, and that said Ordinance
would be introduced and considered for passage at said Meeting,
and each of said officers and members consented, in advance, to
the holding of said Meeting for such purpose, and that said Meet-
ing was open to the public, and public notice of the time, place,
and purpose of said meeting 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 Ordinance, that the Mayor and the City
Secretary of said City have duly signed said Ordinance, and that
the Mayor and the City Secretary of said City hereby declare that
their signing of this Certificate shall constitute the signing of
the attached and following copy of said Ordinance for all pur-
poses
S NED AND SEAL the 28th
City Secretary
(SEAL)
day of March, 1977,
Mayor
We, the undersigned, bei.nq respectively the City Attorney
and the Bond Attorneys of the City of Denton, Texas, hereby cer-
tify that we prepared and approved as to legality the attached
and following Ordinance prigx-Eb s passage as aforesaid
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$ 3,000,000
CITY OF DENTON, TEXAS
GENERAL OBLIGATION BONDS
DATED 6/01/77
PRINCIPAL DUE 601
FIRST CPN DUE 6/01/78
INTEREST DUE 601 & 1201
YEAR
END
PRESENT
THIS
$ 3 000 000 ISSUE
GRAND TOTAL
30
REQUIREMENTS
PRINCIPAL
INTEREST*
TOTAL
REQUIREMENTS
1977
$ 1,064,414
$
$ 0 $
000
165
0
165,000
$ 1,064,414
1,263,812
1978
1979
1,098,812
065,538
1
150,000
,
165,000
315,000
1,380,538
1980
,
1,053,935
150,000
156,750
306,750
1,360,685
1981
1,022,802
150,000
148,500
2
0
0
298,500
250
290
1,321,302
906
279
1
1982
1983
989,656
8839104
150,000
150,000
,
14
5
132,000
,
282,000
,
,
10165,104
1984
855,493
150,000
123,750
00
273,750
500
265
1,129,243
138
093
1
1985
1986
827,638
774,525
150,000
150,000
115,5
107,250
,
257,250
,
,
1,031,775
1987
688,095
150,000
99,000
0
50
249,000
750
240
937,095
907,918
1988
1989
667,168
715
547
150,000
150,000
,7
9
82,500
,
232,500
780,215
1990
,
424,900
150,000
000
0
74,250
000
66
224,250
000
216
649,150
623,300
1991
1992
407,300
850
365
,
15
150,000
,
57,750
,
207,750
573,600
1993
,
349,050
150,000
000
0
49,500
250
41
199,500
250
191
548,550
523,200
1994
1995
331,950
164,850
,
15
200,000
,
33,000
,
233,000
397,850
1996
156,750
0
200,000
000
200
22,000
111000
222,000
211,000
378,750
211,000
1997
,
$ 13039,545
$ 3,000,000
$ 11881,000 $
4,881,000
$ 18,620,545
1977 ESTIMATED ASSESSED VALUATION
$150,000,000
1978 PRINCIPAL AND I
NTEREST REQUIREMENTS
$ 1,263,812
263,975
$ 1
$0.887
TAX RATE AT
95% COLLECTIONS
PRODUCES
,
*NOTE INTEREST HAS BEEN CALCULATED AT A RATE OF 5.50 % FOR PURPOSES
OF ILLUSTRATION.
NS
I
ORDINANCE NO. 77-/s
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
1. That the City Secretary is directed to issue a Notice
of Sale of Bonds in substantially the following form:
CIAL NOTICE OF SALE
CITY OF DENTON, TEXAS
$500,000
WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1977
$3,000,000
GENERAL OBLIGATION BONDS,
SERIES 1977
The City Council of the City of Denton, Denton County,
Texas, will receive sealed bids at the Municipal Build-
ing, 215 E. McKinney Street, in the City of Denton until:
7:00 p.m., Tuesday, May 17; 1977
for the purchase of:
$500,000 Waterworks and Sewer System Revenue Bonds, to
be dated April 15, 1977, and to mature serially July 15
each year 1980 through 1992.
$3,000,000 General Obligation Bonds, to be dated June 1,
1977, and to mature serially June 1 each year 1979
through 1997.
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" and "Official Bid
Form" are being prepared and will be mailed to prospec-
tive bidders on or about April 26, 1977, and will be
furnished to any prospective bidder upon request, by
First Southwest Company, 900 Mercantile Bank Building,
Dallas, Texas, 75201, Financial Advisors 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.
BROOKS HOLT
City Secretary
City of Denton, Texas.
.r
2. 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 publica-
tions shall be made at least thirty days prior to the day set
for receiving bids.
Nz
CERTIFICATE FOR
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
We, the undersigned officers of said City, hereby certify
as follows:
to-wit:
1. The City Council of said City convened in
SPECIAL MEETING ON THE 28TH DAY OF MARCH, 1977,
at the Municipal Building (City Hall), and the roll was called
of the duly constituted officers and members of said City Council,
Brooks Holt, City Secretary Elinor Hughes, Mayor
Bill Nash Ray Stephens
Joe Mitchell Vacancy
and all of said persons were present, except the following
absentees: Q r, uk,
the following was transacted at said Meeting: a written
ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that said
Ordinance be passed; and, after due discussion, said motion,
carrying with it the passage of said Ordinance, prevailed and
carried by the following vote:
thus constituting a quorum. Whereupon, among other busine
AYES: All members of said City Council
shown present above voted "Aye".
NOES: None.
,5
2. That a true, full, and correct copy of the aforesaid
Ordinance passed at the Meeting described in the above and fore-
going paragraph is attached to and follows this Certificate;
that said Ordinance has been duly recorded in said City Council's
minutes of said Meeting; that the above and foregoing paragraph
is a true, full, and correct excerpt from said City Council's
minutes of said Meeting pertaining to the passage of said Ordi-
nance; 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 noti-
fied officially and personally, in advance, of the time, place,
and purpose of the aforesaid Meeting, and that said Ordinance
would"be introduced and considered for passage at said Meeting,
and each of said officers and members consented, in advance, to
the holding of said Meeting for such purpose; and that said Meet-
ing was open to the public, and public notice of the time, place,
and purpose of said meeting 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 Ordinance; that the Mayor and the City
Secretary of said City have duly signed said Ordinance; and that
the Mayor and the City Secretary of said City hereby declare that
their signing of this Certificate shall constitute the signing of
the attached and following copy of said Ordinance for all pur-
poses.
SIGNED AND SEALS the 28th day of March, 1977.
/ City Secretary Mayor
(SEAL)
we, the undersigned, being respectively the City Attorney
and the Bond Attorneys of the City of Denton, Texas, hereby cer-
tify that we prepared and approved as to legality the attached
and following Ordinance prigr-V(I~s passage as aforesaid.
City Attorney
Bond Attornev,
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$ 3,000,000
CITY OF DENTON, TEXAS
GENERAL OBLIGATION BONDS
DATED: 6/01/77
PRINCIPAL DUE: .601
FIRST CPN DUE: 6/01/78
INTEREST DUE: 601 & 1201
YEAR
END
PRESENT
THIS
$ 3,000,000
ISSUE
GRAND TOTAL
9/30
REQUIREMENTS
PRINCIPAL
INTEREST*
TOTAL
REQUIREMENTS
1977
$ 1,064,414
$
$ 0
$ 0
$ 1,064,414
1978
1,098,812
165,000
165,000
1,263,812
1979
1,065,538
150,000
165,000
315,000
1,380,538
1980
1,053,935
150,000
156,750
306,750
1,360,685
1981
1,022,802
1509000
148,500
298,500
1,321,302.
1982
989,656
1501000
140,250
290,250
1,279,906
1983
883,104
150,000
132,000
282,000
1,165,104
1984
855,493
150,000
123,750
273,750
1,129,243
1985
827,638
150,000
115,500
265,500
1,093,138
1986
774,525
150,000
107,250
257,250
1,031,775
1987
688,095
1501000
99,000
249,000
937,095
1988
667,168
150,000
90,750
240,750
907,918
1989
547,715
150,000
82,500
232,500
780,215
1990
424,900
150,000
74,250
224,250
649,150
1991
407,300
150,000
66,000
216,000
623,300
1992
365,850
150,000
57,750
207,750
573,600
1993
349,050
150,000
49,500
199,500
548,550
1994
331,950
150,000
41,250
191,250
523,200
1995
164,850
200,000
33,000
233,000
397,850
19,06
156,750
200,000
22,000
222,000
378,750
1997
0
200,000
11,000
211,000
211,000
$ 13,739,545
$ 3,000,000
$ 1,881,000
$ 4,881,000
$ 18,620,545
1977 ES
TIMATED ASSESSED VALUATION
$150,000,000
1978 PR
INCIPAL AND INTEREST REQUIREMENTS
$ 1,263,812
$0.887
TAX RATE AT 95% COLLECTIONS PRODUCES
$ 1,263,975
*NOTE:
INTEREST HAS
BEEN CALCULATED
AT A RATE OF
5.50 % FOR PURPOSES
OF ILLU
STRATION.
S