2011-041s:\Icgai%our documents\ordinances1111notice of intent ordinance (wastewater electric)2.docx
ORDINANCE NO. 2011-041
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$21,000,000 IN PRINCIPAL AMOUNT OF CERTIFICATES OF OBLIGATION OF THE CITY OF
DENTON FOR WASTEWATER AND ELECTRIC SYSTEM PROJECTS; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, it is deemed necessary and advisable that Notice of Intention to Issue Certificates of
Obligation be given as hereinafter provided; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. That attached hereto is a form of "NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON", the form and substance of which are
hereby adopted and approved, and made a part of this Ordinance for all purposes.
SECTION 2. That the City Secretary shall cause said NOTICE, in substantially the form attached
hereto, to be published once a week for two consecutive weeks in a newspaper of general circulation in the
City, with the date of the first publication to be at least thirty-one (31) days before the date tentatively set for
the passage of the Ordinance authorizing the issuance of such Certificates of Obligation.
SECTION 3. That this Ordinance shall become 7eff c tive immediately upon its passage and approval.
PASSED AND APPROVED this the day of VI~Wek , 2011.
V*MAA. GHS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: , Ojn).4/ ~ Il 1-I iA _~_4~
APPROVED ASUP"O LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
s:Uegal\our documents\ordinances\111notice of intent ordinance (wastewater electric)2.doex
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON
(WASTEWATER AND ELECTRIC SYSTEM PROJECTS)
THE CITY OF DENTON, in Denton County, Texas, hereby gives notice of its intention to issue CITY
OF DENTON CERTIFICATES OF OBLIGATION, in accordance with the Certificate of Obligation Act of
1971, as amended and codified, and other applicable laws, in the maximum principal amount of $21,000,000
for the purpose of paying all or a portion of the City's contractual obligations incurred pursuant to contracts for
the purchase, construction and acquisition of certain real and personal property, to wit: (a) acquisition of
equipment for, and acquiring, constructing, installing and equipping additions, extensions, renovations and
improvements to, the City's waterworks and sewer system; (b) acquisition of equipment for, and acquiring,
constructing, installing and equipping additions, extensions, renovations and improvements to, the City's
electric light and power system; and also for the purpose of paying all or a portion of the City's contractual
obligations for professional services, including engineers, architects, attorneys, map makers, auditors, and
financial advisors, in connection with said projects and said Certificates of Obligation. The City proposes to
provide for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes in
the City as provided by law, and from certain surplus revenues (not to exceed $1,000 in aggregate amount)
derived by the City from the ownership and operation of the City's Utility System (consisting of the City's
combined waterworks and sewer system and electric light and power system). The City Council of the City
tentatively proposes to authorize the issuance of such Certificates of Obligation at a meeting commencing at
6:30 p.m. on the 5th day of April, 2011, in the City Council room at the Municipal Building (City Hall), 215 E.
McKinney, Denton, Texas.
CITY OF DENTON, TEXAS
A -4
By:
Yniki Walters, City Secretary