18-1153orz�irrarrcE rro. 1 -115 3
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
$31,$10,000 1N PRINCIPAL AMOUNT OF CERTIFICATES OF OBLIGATION OF THE CITY OF
DENTON; 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.
• • • � • ' : •' � . �
SECTION 1. That attached hereto is a form of "NOTTCE OF INTENTION TO ISSUE
..,�����_..........
CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON99y the form and substance of which are
hereby adapted and approved, and made a part of this Ordinance far all purposes.
SECTION 2. That the City Secretary shall cause said NOTICE, in substantially the form attached
hereta, 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-ane (31) days before the date tentatively set
for the passage of the Ordinance authorizing the issuance of such Certificates of Obligatian.
3. That this Ordinance is intended to satisfy the official intent requirements set forth in
SECTION w
section 1,150-2 af the U.S. Treasury Regulations,
SECTION_4, That this Ordinance shall become effective immediately upan its passage and
approval.
°1`��� r����li���� t:�-ro K���r��ar����, �lzi� ������sz�rx��:a� ���� �����c�a� ��J' _...�°""��"���� __���:�"������,�'�.._ and
�������e��c� 1��" ......... � � � ��..��... �� �,��� �C��: �a�•�����r����o� was passed ��r�r� appraved by
... � ,....... .. .�
t���; f��ll���v��i��� w���t� l ��..m �� ����w
Chris Watts, Mayor:
Gerard Hudspeth, District 1:
Keely G. Briggs, District 2:
Dan Duff, District 3:
Jahn Ryan, District 4:
Deb Armintor, At Large Place 5;
Paul Meltzer, At Large Place 6:
Abstain Absent
�� �� day of ��� �° . � ���� 2018 �
PASSED AND APPROVED this the ___�� � 1e e._,..�_�
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�, .w. �'��
����: � _. MAYOR .... �� ,_._._ ____.,._
CHRIS �'`� � `I"�,
ATTEST:
JENNIFER WALTERS, CITY SECRETAR.Y
:
'"� �' C�,�:1� ��° TO LEGAL FORM:
I�i LEAL, CITY ATTORNEY
BY: , ��M�
... . �,;. .. � � _. ��_ _.. �_ ,......
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STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
OF THE CITY OF DENTON
THE CITY OF DENTON, in Denton County, Texas, hereby gives notice of its intention to issue CITY OF
DENTON CERTIFTCATES OP 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
$31,810,000 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) renovating, constructing, expanding, improving and equipping existing municipal service center
building; (b) constructing and improving streets, including landscaping, drainage, utility line relocations
and the acquisition of land and rights-of-way therefor; (c) constructing, reconstructing and improving
vehicle roadways at the municipal airport; (d) acquiring, constructing, installing and equipping fire stations,
including the acquisition of land therefor; (e) acquiring, constructing, installing and equipping a public
safety facility for the police department, including the acquisition of land therefor; and (� acquiring and
installing a radio communications system for the City; 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 (nat 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
Certifcates of Obligation at a meeting commencing at 6:30 p.m. on the l lth day of September, 2018, in
the City Council raom at the Municipal Building (City Hall), 215 E, McKinney, I7enton, Texas,
CITY OF I7ENTON, TEXAS
By; Jennifer K. Walters,
City Secretary