2017-077s:\legal\our documents\ordinances\17\noi ordinance (ww sewer electric) v3.docx
*RDINANCE NO.
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$71,640,000 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.
WHEREAS, it is deemed necessary and advisable that the 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. 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. 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 3. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the day of � �, 2017.
C`I [RI TTS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
AARON LEAL, INTERIM CITY ATTORNEY
,f
tr
sAlegakour docurnents\ordinancesU 7\noi ordinance (ww sewer electric) v3 docx
XF&MIN-115IN mal
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON
(WATERWORKS AND SEWER SYSTEM AND Fl,l--',(7I-RIC SYSTILN PI�OJE0'
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
$71,640,000 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, drainage
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 18th day of
April, 2017, in the City Council room at the Municipal Building (City Hall), 215 E. McKinney, Denton,
Texas.
By: Jennifer K. Walters,
City Secretary