HomeMy WebLinkAboutResolution - 3927 - Notice Of Intent To Issue Certificates Of Obligation & Notice Of Sale - 07_09_1992Resolution No. 3927
July 9, 1992
Item #22
A RESOLUTION by the City Council of the City of Lubbock,
Texas, approving and authorizing publication of
notice of intention to issue certificates of
obligation and a notice of sale with respect to
such certificates of obligation.
WHEREAS, the City Council of the City of Lubbock, Texas, has
determined that certificates of obligation should be issued in
accordance with the provisions of V.T.C.A., Local Government Code,
Subchapter C of Chapter 271, for the purpose of paying contractual
obligations to be incurred for (i) land acquisition and site
improvements including water system and sewer system extensions and
improvements in connection with construction of a correctional
facility (approximately $4,000,000); (ii) solid waste disposal
system improvements (approximately $3,565,000); and (iii)
professional services rendered in connection therewith; and
WHEREAS, prior to the issuance of said certificates of
obligation, this Council is required to give notice of its
intention to issue the same in the manner and time provided by law
and deems inappropriate to publish a notice of sale with respect to
such certificates; now, therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK,
TEXAS:
Section 1: That the City Secretary is hereby authorized and
directed to cause notice to be published of this Council's
intention to issue certificates of obligation in the principal
amount not to exceed $7,565,000 for the purpose of paying
contractual obligations to be incurred for (i) land acquisition and
site improvements including water system and sewer system
extensions and improvements in connection with construction of a
correctional facility (approximately $4,000,000); (ii) solid waste
disposal system improvements (approximately $3,565,000); and (iii)
professional services rendered in connection therewith, such
certificates to be payable from ad valorem taxes and a limited lien
on and a limited pledge of the net revenues of the City's
Waterworks System. The notice hereby approved and authorized to be
given shall read substantially in the form and content of Exhibit
A hereto attached and incorporated herein by reference as a part of
this resolution for all purposes.
Section 2: That such notice shall be published once a week
for two consecutive weeks in a newspaper having general circulation
in the City of Lubbock, Texas, the date of the first publication of
such notice to be at least fifteen (15) days prior to the date
stated therein for the passage of the ordinance authorizing the
issuance of the certificates of obligation.
Section 3: That the City Secretary is hereby authorized and
directed to cause a notice of sale to be published relating to the
26421
sale of the certificates of obligation in the principal amount not
to exceed $7,565,000. The notice of sale hereby approved and
authorized to be published shall read substantially in the form and
content of Exhibit B hereto attached and incorporated herein by
reference as a part of this resolution for all purposes.
Section 4: That the City Secretary is hereby authorized and
directed to cause a notice of sale to be published once each week
for a period of thirty days.
PASSED AND APPROVED, this the 9th day of July, 1992.
ATTEST:
Cit Secretary
Ranette Boyd
( SEAL)
26421
'Mayor, of Lubbock, �Ta—�s
David R. Langston
Maggie Trejo, Mayor Pro-Tem
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CITY OF LUBBOCK, TEXAS, CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of
Lubbock, Texas, will convene at its regular meeting place in the
City Hall of Lubbock, Texas at 11:00 o'clock A.M. on the 13th day
of August, 1992, and, during such meeting, the City Council will
consider the passage of an ordinance authorizing the issuance of
certificates of obligation in an amount not to exceed SEVEN MILLION
FIVE HUNDRED SIXTY-FIVE THOUSAND DOLLARS ($7,565,000) for the
purpose of paying contractual obligations to be incurred for (i)
land acquisition and site improvements including water system and
sewer system extensions and improvements in connection with
construction of a correctional facility (approximately $4,000,000);
(ii) solid waste disposal system improvements (approximately
$3,565,000); and (iii) professional services rendered in connection
therewith, such certificates to be payable from ad valorem taxes
and a limited lien on and limited pledge of the net revenues
derived from the operation of the City's Waterworks System. The
Certificates are to be issued and this notice is given, under and
pursuant to the provisions of V.T.C.A., Local Government Code,
Subchapter C of Chapter 271.
City Secretary, City of
Lubbock, Texas
EXHIBIT B
NOTICE OF SALE
CITY OF LUBBOCK, TEXAS
The City Council of the City of Lubbock, Texas, will receive
sealed bids at the City Council Chambers, Municipal Complex, 1625
13th Street, Lubbock, Texas, until 11:00 A.M., Central Daylight
Time, August 13, 1992, for the following described Certificates of
Obligation:
,$7,565,000 City of Lubbock, Texas
Tax and Waterworks System (Limited Pledge)
Revenue Certificates of Obligation, Series 1992
Dated August 15, 1992; principal due February 15 of each
year as follows: $635,000 each year 1993 and 1994,
$640,000 each year 1995 through 1997, $475,000 each year
1998 through 2002, $200,000 each year 2003 through 2012;
interest payable February 15, 1993 and each August 15 and
February 15 thereafter. The City reserves the right, at
its option, to redeem Certificates maturing on and after
February 15, 2003, on February 15, 2002, or any date
thereafter, at the par value thereof plus accrued
interest to the date fixed for payment.
Further information may be obtained from the Division of
Finance, City of Lubbock, P.O. Box 2000, Lubbock, Texas 79457; or
from First Southwest Company, First City Center Building, 1700
Pacific Avenue, Suite 500, Dallas, Texas 75201, Financial
Consultants to the City.
Ranette Boyd
City Secretary
City of Lubbock, Texas
(City Seal)
26467
FULBRIGHT & JAWORSKI
2200 ROSS AVENUE
SUITE 2800
HOUSTON
DALLAS, TEXAS 75201
WASHINGTON, D.C.
AUSTIN
SAN ANTONIO
TELEPHONE: 214/855-8000
DALLAS
FACSIMILE: 214/855-8200
NEW YORK
LOS ANGELES
LONDON
ZURICH
WRITERS DIRECT DIAL NUMBER:
HONG KONG
214/855-8002
July 1, 1992
VIA FEDERAL EXPRESS
Ms. Betsy Wood
Department of Finance
1625 13th Street
Lubbock, Texas 79401
RE: City of Lubbock, Texas, Certificates of Obligation
Dear Betsy:
We have prepared and are enclosing herewith the following proceedings relating
to the giving of notice of intention to issue certificates of obligation, to wit:
1. Five copies of the Certificate of City Secretary relating to the Resolution
approving and authorizing publication of notice of intention to issue certificates of
obligation and a notice of sale. After completion and execution, one copy is for the
City's records and four copies are to be returned to us.
2. Two copies of the Resolution approving and authorizing publication of notice
of intention to issue certificates of obligation and a notice of sale. After execution, one
copy is for the City's records and one copy is to be returned to us.
3. One copy of the "Notice of Intention to Issue City of Lubbock, Texas,
Certificates of Obligation" for execution. This notice is to be published once a week for
two consecutive weeks in a newspaper having general circulation in the City, the date
of the first publication to be at least fifteen (15) days prior to the date stated therein
for the passage of the ordinance authorizing the issuance of the certificates of
obligation.
4. One copy of the "Notice of Sale" to be published in accordance with the
instructions Joe Smith has provided.
5. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of intention has been published two times as
26410
Ms. Betsy Wood
July 1, 1992
Page 2
aforesaid. To each affidavit should be attached a clipping of the notice as it actually
appeared in the newspaper. Four copies are to be returned to us and one copy is for
the City's files.
6. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of sale has been published as aforesaid. To
each affidavit should be attached a clipping of the notice as it actually appeared in the
newspaper. Four copies are to be returned to us and one copy is for the City's files.
If you have any questions please call.
Very truly yours,
Mark S. Westergard
MSW/lc
Enclosures
W410
DXP
FULBRIGHT & JAWORSKI
TELEPHONE: 214/855-8000
FACSIMILE: 214/85 5-8200
WRITERS DIRECT DIAL NUMBER:
214/855-8002
VIA FEDERAL EXPRESS
Ms. Ranette Boyd
City Secretary
1625 13th Street
Lubbock, Texas 79401
2200 Ross AVENUE
SUITE 2800
HOUSTON
DALLAS, TEXAS 75201 WASHINGTON, D.C.
AUSTIN
SAN ANTONIO
DALLAS
NEW YORK
LOS ANGELES
LONDON
ZURICH
HONG KONG
July 7, 1992
RE: City of Lubbock, Texas, Certificates of Obligation
Dear Ranette:
We have prepared and are enclosing herewith the following proceedings relating
to the giving of notice of intention to issue certificates of obligation, to wit:
1. Five copies of the Certificate of City Secretary relating to the Resolution
approving and authorizing publication of notice of intention to issue certificates of
obligation and a notice of sale. After completion and execution, one copy is for the
City's records and four copies are to be returned to us.
2. Two copies of the Resolution approving and authorizing publication of notice
of intention to issue certificates of obligation and a notice of sale. After execution, one
copy is for the City's records and one copy is to be returned to us.
3. One copy of the "Notice of Intention to Issue City of Lubbock, Texas,
Certificates of Obligation" for execution. This notice is to be published once a week for
two consecutive weeks in a newspaper having general circulation in the City, the date
of the first publication to be at least fifteen (15) days prior to the date stated therein
for the passage of the ordinance authorizing the issuance of the certificates of
obligation.
4. One copy of the "Notice of Sale" to be published in accordance with the
instructions Joe Smith has provided.
5. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of intention has been published two times as
29410
Ms. Ranette Boyd
July 7, 1992
Page 2
aforesaid. To each affidavit should be attached a clipping of the notice as it actually
appeared in the newspaper. Four copies are to be returned to us and one copy is for
the City's files.
6. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of sale has been published as aforesaid. To
each affidavit should be attached a clipping of the notice as it actually appeared in the
newspaper. Four copies are to be returned to us and one copy is for the City's files.
If you have any questions please call.
Very truly yours,
Mark S. Westergard
MSW/lc
Enclosures
26410
FULBRIGHT & .JAWORSKI
2200 Ross AVENUE
SUITE 2800
HOUSTON
DALLAS, TEXAS 75201 WASHINGTON, D.C.
AUSTI N
TELEPHONE: 214/855-8000 SAN ANT NIO DALLAS
FACSIMILE: 214/855-8200 NEW YORK
LOS ANGELES
LONDON
ZURICH
WRITERS DIRECT DIAL NUMBER: HONG KONG
214/855-8002
July 9, 1992
VIA FEDERAL EXPRESS
Ms. Ranette Boyd
City Secretary
1625 13th Street
Lubbock, Texas 79401
RE: City of Lubbock, Texas, Certificates of Obligation
Dear Ranette:
We have prepared and are enclosing herewith the following proceedings relating
to the giving of notice of intention to issue certificates of obligation, to wit:
1. Five copies of the Certificate of City Secretary relating to the Resolution
approving and authorizing publication of notice of intention to issue certificates of
obligation and a notice of sale. After completion and execution, one copy is for the
City's records and four copies are to be returned to us.
2. Two copies of the Resolution approving and authorizing publication of notice
of intention to issue certificates of obligation and a notice of sale. After execution, one
copy is for the City's records and one copy is to be returned to us.
3. One copy of the "Notice of Intention to Issue City of Lubbock, Texas,
Certificates of Obligation" for execution. This notice is to be published once a week for
two consecutive weeks in a newspaper having general circulation in the City, the date
of the first publication to be at least fifteen (15) days prior to the date stated therein
for the passage of the ordinance authorizing the issuance of the certificates of
obligation.
4. One copy of the "Notice of Sale" to be published in accordance with the
instructions Joe Smith has provided.
5. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of intention has been published two times as
26410
Ms. Ranette Boyd
July 9, 1992
Page 2
aforesaid. To each affidavit should be attached a clipping of the notice as it actually
appeared in the newspaper. Four copies are to be returned to us and one copy is for
the City's files.
6. Five copies of an Affidavit of Publication to be completed and executed by an
official of the newspaper after the notice of sale has been published as aforesaid. To
each affidavit should be attached a clipping of the notice as it actually appeared in the
newspaper. Four copies are to be returned to us and one copy is for the City's files.
If you have any questions please call.
Very truly yours,
Mark S. Westergard
MSW/lc
Enclosures
2MIO
Resolution No. 3927
July 9, 1992
Item #22
CERTIFICATE OF CITY SECRETARY
THE STATE OF TEXAS S
COUNTY OF LUBBOCK S
S
CITY OF LUBBOCK S
I, the undersigned, City Secretary of the City of Lubbock,
Texas, DO HEREBY CERTIFY as follows:
1. That on the 9th day of July, 1992, the City Council of
the City of Lubbock, Texas, convened in regular session at its
regular meeting place in the City Hall of said City; the duly
constituted members of the Council being as follows:
DAVID R. LANGSTON MAYOR
MAGGIE TREJO MAYOR PRO TEM
T. J. PATTERSON
COUNCILMEMBER
M.J. "BUD" ADERTON
COUNCILMEMBER
MAX INCE
COUNCILMEMBER
RANDY NEUGEBAUER
COUNCILMEMBER
ALEX "TY" COOKE
COUNCILMEMBER
all of said �ersons were
following: J. Patterson
considered at said meeting,
present at said meeting, except the
Among other business
the attached resolution entitled:
A RESOLUTION by the City Council of the City of Lubbock,
Texas, approving and authorizing publication of
notice of intention to issue certificates of
obligation and a notice of sale with respect to
such certificates of obligation.
was introduced and submitted to the Council for passage and
adoption. After presentation and due consideration of the
resolution, and upon a motion made by Councilmember Randy Neugebauer
and seconded by Councilmember Max Ince the resolution was
finally passed and adopted by the Council by the following vote:
6 voted "For" 0 voted "Against" 0 abstained
all as shown in the official Minutes of the Council for the meeting
held on the aforesaid date.
2. That the attached resolution is a true and correct copy
of the original on file in the official records of the City; the
duly qualified and acting members of the City Council of the City
on the date of the aforesaid meeting are those persons shown above
and, according to the records of my office, each member of the
r
Council was given actual notice of time, place and purpose of the
meeting and had actual notice that the matter would be considered;
and that said meeting, and deliberation of the aforesaid public
business, was open to the public and written notice of said
meeting, including the subject of the entitled resolution, was
posted and given in advance thereof in compliance with the
provisions of Article 6252-17, Section 3A, V.A.T.C.S.
IN WITNESS WHEREOF, I have hereunto signed my name officially
and affixed the seal of said City, this the 9th day of July, 1992.
(City Seal)
26419
-2-
Cit Secretary
Cit of Lubbock, Texa
Ranette Boyd
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