2005-129NO. 2005-
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 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 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 least fifteen (15) 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.
PASSED AND APPROVED this the 3rd day of May, 2005.
Euline Brock, Mayor
ATTEST:
Je~ifer Wal~rs, C~ty ~c~e~
APPROVED AS TO LEGAL FORM:
Edw~t~¢YAttomey
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
$7,145,000 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)
road and street improvements; (b) construction and equipping of a new westside fire station No. 7; (c)
purchase of vehicles for use by the City' s public safety departments; and (d) improvements to the City' s solid
waste disposal system 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 fmanciaI advisors, in connection with said Certificates of Obligation. The City
proposes to provide for the payment of such Certificates of Obligation fi.om the levy and collection of ad
valorem taxes in the City as provided by law, and fi.om certain surplus revenues (not to exceed $10,000 in
aggregate amount) derived by the City fi.om the ownership and operation of the City's Utility System (consist-
ing of the City's combined waterworks system, sanitary 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 11:00 a.m. on the 24th day of May, 2005, 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