18-621ORDINANCE NO. 1 g-621
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$10,110,000 IN PRINCIPAL AMOUNT OF CERTIFICATES OF OBLIGATION OF THE CITY OF
DENTON FOR GENERAL GOVERNMENT 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.
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 tllis Ordinance for all purposes.
Section II. That the City Secretary shall cause said NOTICE, in substantially tlie form
attached hereto, to be published once a weel< for two consecutive weel<s 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 tl�e
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 tl�is the 17th day of April, 2018.
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APPROVED AS TO LEGAL FORM:
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1971, as amended and codifed, and other applicable laws, in the rnaximum principal amaunt of
$10,110,000 for the purpose of paying all or a portion of the City°s contractual obligations incurred pursuant
to contracts far the purchase, construction and acquisition of certain real and personal property, to wit:
(a) renovations to, and equipping of, existing municipal buildings, including the acquisitron and installation
af replacement heating, venting and air conditioning equipment, roofing and flooring; (b} acquisition of
vehicles and equipment for the fire, police, building inspections, community improvement services, animal
services, streets and traffic control, facilities management, and parks and recreation departments;
(c) acquiring, constructing, installing and equipping additions, extensians, renovations and improvements
to runways and taxiways at the municipal airport, including the acquisition of land therefor; and
(d} acquiring, constructing, renovating, installing and equipping fre stations, including the acquisition of
land therefor; and also far the purpase of paying all or a portion of the City°s cantractual 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 collectian 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 awnership 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 cammencing at 6:30 p.m. on the 22nd day of May, 2d18, in the City Cauncil raom at the Municipal
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