HomeMy WebLinkAboutResolution - 2021-R0272 - Autorization to Publish Notice for TX Water and Wastewater Revenue BondsMINUTES AND CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
COUNTY OF LUBBOCK §
CITY OF LUBBOCK §
On the 27`h day of July, 2021, the City Council of the City of Lubbock, Texas, convened
in a regular meeting at the regular meeting place thereof, the meeting being open to the public and
notice of said meeting, giving the date, place and subject thereof, having been posted as prescribed
by Chapter 551, Texas Government Code, as amended; and the roll was called of the duly
constituted officers and members of the City Council, which officers and members are as follows:
Daniel M. Pope, Mayor Juan A. Chadis )
Jeff Griffith, Mayor Pro Tem Shelia Patterson Harris ) Members of
Latrelle Joy ) the Council
Steve Massengale )
Randy Christian )
and all of said persons were present except N/A , thus constituting a quorum. Whereupon,
among other business, a written Resolution bearing the following caption was introduced:
A RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS WATER AND
WASTEWATER SYSTEM REVENUE BONDS
The Resolution, a full, true and correct copy of which is attached hereto, was read and
reviewed by the City Council. Thereupon, it was duly moved and seconded that the Resolution be
passed and adopted.
The Presiding Officer put the motion to a vote of the members of the City Council, and the
Resolution was passed and adopted by the following vote:
7 0 0
AYES: _ NOES: _ ABSTENTIONS: _
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MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT, and to
correctly reflect the duly constituted officers and members of the City Council of said City, and
the attached and following copy of said Resolution is hereby certified to be a true and correct copy
of an official copy thereof on file among the official records of the City, all on this the 27th day of
July, 2021.
City ecretary
City 6TLubbock, Texas
[SEAL]
4126-51534128.1
Resolution No. 2021— R0272
July 27, 2021
Item No. 7.11
A RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS WATER AND
WASTEWATER SYSTEM REVENUE BONDS
WHEREAS, the City of Lubbock, Texas (the "City"), pursuant to Chapter 1502, Texas
Government Code, as amended, is authorized to issue its water and wastewater system revenue
bonds (the "Bonds") for the purposes set forth in Exhibit A hereto; and
WHEREAS, the City Council of the City has found and determined that a notice of
intention to issue the Bonds should be published in accordance with the requirements of applicable
law and the City's charter;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK, TEXAS, THAT:
Section 1. The findings and determinations set forth in the preambles hereto are hereby
incorporated by reference for all purposes.
Section 2. The City Secretary of the City is hereby authorized and directed to publish
a notice of intention to issue the Bonds, in substantially the form set forth in Exhibit A hereto (the
"Notice") incorporated herein by reference for all purposes. The Notice shall be published once a
week for a period of thirty (30) days prior to the date set forth in the Notice for passage of the
ordinance authorizing the Bonds. Such Notice shall be published in a newspaper of general
circulation in the area of the City.
Section 3. The Mayor, the City Manager, the Chief Financial Officer, the City
Secretary and other officers and agents of the City are hereby authorized and directed to do any
and all things necessary or desirable to carry out the provisions of this resolution.
Section 4. This resolution shall take effect from and after the date of its passage.
[Signature Page Follows]
4129-3515-3456.1
Resolution No. 2021—T-72
July 27 2021
Item N�..
ADOPTED THIS 27" day of July 2021, by the City Council of the City of Lubbock, Texas.
CITY OF LUBBOCK, TEXAS
�-4
DANIEL M. POPE, MAYOR
ATTEST:
Rebe t
a Garza, City Secr ary
APPROVED AS TO CONTENT:
l��lu Kostst ic�inancial Officer
APPROVED AS TO FORM:
ti
Jerry V. Ule, Jr., Bond Counsel
4138-35153456.1 Signature Page for Notice oflntent Resolution
Resolution No. 2021-R0272
Exhibit A
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
WATER AND WASTEWATER SYSTEM REVENUE BONDS
NOTICE IS HEREBY GIVEN that on September 14, 2021, at 4:30 p.m. at a regular
meeting of the City Council of the City of Lubbock, Texas, to be held in the City Council Chambers
at Citizens Tower, 1314 Avenue K, Lubbock, Texas, the regular meeting place of the City Council,
the City Council intends to pass one or more ordinances authorizing the issuance of not to exceed
$10,455,000 total principal amount of water and wastewater system revenue bonds, in one or more
series (collectively, the "Bonds"), for the following purposes, to wit: (i) paying the costs of
acquiring, purchasing, constructing, improving, renovating, enlarging and equipping property,
buildings, structures, facilities and related infrastructure for the Water and Wastewater System, (ii)
funding capitalized interest for the Bonds, (iii) funding the reserve fund requirement for the Bonds,
and (iv) paying the costs of issuing the Bonds.
THIS NOTICE is given in accordance with law and as directed by the City Council of the
City of Lubbock, Texas on July 27, 2021.
A-1
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