2002-046ORDiNANCE NO. 2002-
AN ORDINANCE
DIRECTiNG THE PUBLICATION OF NOTICE OF iNTENTION TO ISSUE
CERTIFICATES OF OBLIGATION OF THE CITY OF DENTON;
AND PROVIDiNG FOR AN EFFECTIVE l)ATl~
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 fiX~een (15) days before the date tentatively set for the
passage of the Ordinance authorizing the issuance of such Certificates of Obligation.
Section HI. That this Ordinance shall become effective mediately upon its passage and approval.
PASSED AND APPROVED this the 19th day of February, 2002.
EulIne Brock, Mayor
ATTEST:
APPROVED AS TO LEGAL FORM:
Herbert L' Pr°u~:~ _.A>:TY~
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 mount of
$12,590,000' 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)
improvements at the City's airport, (b) improvements at the City's public parks, (c) improvements to the City's
solid waste disposal system, (d) computer and technology equipment and upgrades for the City's information
technology systems, (e) road and street improvements and equipment and (f) 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 City from the ownership and operation of the City's Utility System (consisting of the City's
combinedwaterworks 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 3:00 p.m. on the 2nd day of April, 2002, in the City Council room at the Municipal Building
(City Hall), 215 E. McKiuney, Denton, Texas.
CITY OF DENTON, TEXAS
By: Jennifer K. Walters,
City Secretary