2015-050ORDINANCE NO 2015 -050
AN ORDINANCE
DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$18,800,000 IN PRINCIPAL AMOUNT OF CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON FOR GENERAL GOVERNMENT AND SOLID WASTE PROJECTS;
AND PROVIDING FOR AN EFFECTIVE DATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, it is deemed necessary and advisable that the Notice of Intention to Issue
Certificates of Obligation be given as hereinafter provided.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
Section I. That attached hereto is a form of "NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON", the form and substance of which are
hereby adopted and approved, and made a part of this Ordinance for all purposes.
Section II. That the City Secretary shall cause said NOTICE, in substantially the form attached
hereto, to be published once a week for two consecutive weeks in a newspaper of general circulation in
the City, with the date of the first publication to be at least thirty-one (3 1) days before the date tentatively
set for the passage of the Ordinance authorizing the issuance of such Certificates of Obligation.
Section III. That this Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY A
PPI� I'I AS° °C:1 LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
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MAYOR
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON
(GENERAL GOVERNMENT AND SOLID WASTE 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
$18,800,000 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 vehicles and equipment for, and acquiring, constructing, installing and
equipping additions, extensions, renovations and improvements to, the City's solid waste disposal system,
including the acquisition of land for the City landfill; (b) renovations to, and equipping of, existing
municipal buildings, including the acquisition and installation of replacement heating, venting and air
conditioning equipment, roofing and flooring; (c) acquisition of vehicles and equipment for the fire,
police, building inspections, animal services, streets and traffic control, facilities management, and parks
and recreation departments; (d) acquiring, constructing, installing and equipping parking facilities; (e)
acquisition of land and buildings to be used for administration facilities and /or park purposes; (f)
acquiring, constructing, installing and equipping additions, extensions, renovations and improvements to
the Civic Center Pool facilities; and (g) acquiring, constructing, installing and equipping replacement
facility for Fire Station Number 2, including related site preparation, and acquiring, constructing,
installing and equipping a new fire station, including the acquisition of land therefor; 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
7th day of April, 2015, in the City Council room at the Municipal Building (City Hall), 215 E. McKinney,
Denton, Texas.
CITY OF DENTON, TEXAS
By: Jennifer K. Walters,
City Secretary