2003-051ORDINANCE NO. 2003- a6-1
AN ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS;
AND PROVIDING FOR AN EFFECTIVE DATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
Section I. That the City Secretary is directed to issue a Notice of Sale of Bonds in
substantially the following form:
OFFICIAL NOTICE OF SALE
CITY OF DENTON, TEXAS
$8,080,000
GENERAL OBLIGATION BONDS
SERIES 2003
The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the
Municipal Building, 215 E. McKinney Street, in the City of Denton until:
10:30 a.m., C.S.T., Tuesday, March 25, 2003
for the purchase of
$8,080,000 General Obligation Bonds, Series 2003 to be dated April 1, 2003, and to mature
serially on February 15 of each year 2004 through 2023.
Sealed bids, plainly marked "Bid for Bonds", should be addressed to "Honorable Mayor and City
Council, City of Denton, Texas", and must be submitted on the "Official Bid Form" to be made
available by the City Council prior to the date of sale.
All sealed bids will be publicly opened and tabulated before the Council.
Copies of the "Official Statement", "Notice of Sale", and "Official Bid Form" are being prepared
and will be distributed to prospective bidders on or about March 25, 2003, and will be furnished
to any prospective bidder upon request, by First Southwest Company, 777 Main Street, Suite
1200, Fort Worth, Texas 76102, Financial Advisor to the City.
The City reserves the right to reject any and all bids and to waive any and all irregularities
By order of the City Council of the City of Denton, Texas.
JENNIFER K. WALTERS
City Secretary
City of Denton, Texas
Section II. That said Notice shall be published once in The Bond Buyer, New York, New York,
which is a national publication regularly and primarily carrying financial news and municipal bond sale notices;
and said Notice also shall be published once in the "Denton Record-Chronicle", which has been designated as
the official newspaper of the City of Denton. Said publications shall be made at least thirty days prior to the
day set for receiving bids.
Section III. That this Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this 18th day of February, 2003.
Z
Euline Brock, Mavor
ATTEST:
Je ifer Walters, City Secretary I
APPROVED AS TO LEGAL FORM:
CERTIFICATE FOR
AN ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS;
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 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 Tern
Jane Fulton
Michael Phillips
Perry McNeill
and all of said persons were present, except the following absentees: )V 0 h Pi ,
thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting:
a written
AN ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS;
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: I
NOES:
ABSTENTIONS: Q
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 Bond; 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 Citv 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 Bond 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.
City Secretary
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 legali . the attached and following
Ordinance prior to its passage as aforesaid.
Citv
Vitt cz~-,a ( 9,Q~, r[6j-'L Imo('
Bond Attorneys