2007-177ORDINANCE NO. 2007-~7
AN ORDINANCE
DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON;
AND PROVIDING FOR AN EFFECTIVE DATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, it is deemed necessary and advisable that Notice of Intention to Issue Certificates of
Obligation be given as hereinafter provided.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
Section 1. That attached heretoisaformof"NOTICE OF INTENTION TO[SSUECERTIF[CATES
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 feast thirty-one (31) days before the date tentatively set
for the passage of the Ordinance authorizing the issuance of such Certificates of Obligation.
Section [II. That this Ordinance shall become effective immediately upon its passage and approval.
PASSED AND APPROVED this the 2lst day of August, 200~~7J/./~~~J~ C 1////A/
Perry M eill, Mayor
ATTEST:
~~
nifer W t rs, City Secretary
APPROVED AS TO LEGAL FORM:
Ed.
By:
THE 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 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
$7,065,000 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:
improvements to the City's drainage and storm sewer systems and acquisition of related equipment; 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 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 bylaw, and from certain
surplus revenues (not to exceed $10,000 in aggregate amount) derived by the City from the ownership and
operation ofthe City's Utility System (consisting ofthe City's combined waterworks system, sanitary sewer
system, and electric light and power system). The City Council ofthe City tentatively proposes to authorize
the issuance of such Certificates of Obligation at a meeting commencing at 6:30 p.m. on the 2nd day of
October, 2007, 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
CERTIFICATE FOR
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON;
AND PROVIDING FOR AN EFFECTIVE DATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
We, the undersigned officers of said City, hereby certify as follows:
1. The City Council of said City convened in REGULAR MEETING ON THE 21ST DAY OF
AUGUST, 2007, at the Municipal Building (City Hall), and the roll was called of the duly constituted
officers and members of said City Council, to-wit:
Perry McNeill, Mayor Pete Kamp, Mayor Pro Tem
Joe Mulroy, Deputy Mayor Pro Tem Charlye Heggins
Bob Montgomery Chris Watts
Jack Thomson
and all of said persons were present, except the fol lowing absentees: ,thus
constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting:
a written
ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO
ISSUE CERTIFICATES OF OBLIGATION OF THE C[TY OF DENTON; AND
PROVIDING FOR AN EFFECTIVE DATE
was duly introduced for the consideration of said City Council and duly read. It was then duly moved and
seconded that said Ordinance be passed; and, afrer due discussion, said motion, carrying with it the passage
of said Ordinance, prevailed and carried by the following vote:
AYES:
NOES: Q
ABSTENTIONS: O
2. That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in
the above and foregoing paragraph is attached to and follows this Certificate; that said Ordinance has been
duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a
true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of
said Ordinance; that the persons named in the above and foregoing paragraph are the duly chosen, qualified,
and acting officers and members of said City Council as indicated therein; and that each of the officers and
members of said City Council was duly and sufficiently notified officially and personally, in advance, of the
time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and
considered for passage at said Meeting; and that said Meeting was open to the public, and public notice of
the time, place, and purpose of said meeting was given, all as required by Chapter 5~ 1, Texas Government
Code.
3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the
Mayor and the Ciry Secretary of said City have duly signed said Ordinance; and that the Mayor and the City
Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the
attached and following copy of said Ordinance for all purposes.
SIGNED AND SEALED the 21"day of August, 2007.
City ecretary
(SEAL)
Mayor
We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City of
Denton, Texas, hereby certify that we prepared and approve legality t ttached and following
Ordinance prior to its passage as aforesaid.
City .~brney
Bond Attorneys