2015-051ORDINANCE NO. 2015 -051
AN ORDINANCE .
DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$80,125,000 IN PRINCIPAL AMOUNT OF CERTIFICATES OF OBLIGATION OF THE CITY OF
DENTON FOR WATERWORKS AND SEWER SYSTEM AND ELECTRIC SYSTEM 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 I1. 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.
� .2015.
PASSED AND APPROVED this the
day of � ��- �m_...
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ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: � LQ
AIIPR� I: AS ' LEGAL FORM:
ANITA 1° .� tGESS, CITY ATTORNEY
BY:
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON
1_G ,,RW0lKS AN I'VER SYS1 l'M AND E1., ECTR1C SYSTEM PROJEff )
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 $80,125,000 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 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
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