2003-050ORDINANCE NO. 2003-
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, m 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 Unmediately upon its passage and approval.
PASSED AND APPROVED this the 18th day of February, 2003.
Euline Brock, Mayor
ATTEST:
Jofmifer Walters, City Secretary
APPROVED AS TO LEGAL FORM:
By:
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OFDENTON
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 $7,680,000
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
land for construction of public safety facilities, (b) acquisition of land for expansion of City warehouse
facilities, (c) improvements at the City's public parks, (d) improvements to the City's solid waste disposal
system and acquisition of related equipment, (e) computer and technology equipment and upgrades for the
City's information technology and communication systems, (f) road and street improvements and equipment
and (g) miscellaneous renovations and improvements to City owned facilities; 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 by law, and from certain surplus revenues (not to exceed
$10,000 in aggregate amount) derived by the Ci~, from the ownership and operation of the City's Utility
System (consisting 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 1 l:00 a.m. on the 25th day of March, 2003, 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. Secreta~
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
THESTATE OFTEXAS
COUNTY OFDENTON
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 18TH DAY OF
FEBRUARY, 2003, at the Municipal Building (City Hall), and the roll was called of the duly constituted
officers and members of said City Council, to-wit:
Euline Brock, Mayor
Jennifer Walters, City Secretary.
Raymond Redmon
Bob Montgomery
Mark Burroughs, Mayor Pro Tem
Jane Fulton
Michael Phillips
Perry McNeill
and all ofsaid persons were present, exceptthefollowingabsentees: ?) 0 ~ I~ ,
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 CITY 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, after due discussion, said motion, carrying with it the passage
of said Ordinance, prevailed and carried by the following vote:
AYES:
NOES:
ABSTENTIONS: 0
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 551, Texas Government Code.
3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the
Mayor and the City 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 18th day of February, 2003.
Mayor
(SEAL)
We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City. of
Denton, Texas, hereby certify that we prepared and approved as to
Ordinance prior to its passage as aforesaid. ~
the attached and following
'ney
Bond Attorneys ~