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HomeMy WebLinkAboutResolution - 2880 - Notice Of Intenetion To Issue Certificates Of Obligation - Sewer Farm, Etc. - 07_14_1988k Resolution #2880 July 14, 1988-First Reading July 28, 1988-Second Reading A RESOLUTION approving and authorizing publication of notice of intention to issue certificates of obligation. WHEREAS, the City Council of the City of Lubbock, Texas, has determined that certificates of obligation should be issued under and pursuant to the provisions of Subchapter C of Chapter 271, Local Government Code, for the purpose of providing funds for the payment of contractual obligations incurred with respect to (i) the purchase of (a) additional land for authorized needs and purposes, to wit: a sewer farm and (b) the expansion and upgrading of the land -application site (including the construction of new irrigation systems and piping on existing and newly acquired land, construction of a terminal storage reservoir, and other construction and improvement in connection therewith) and (ii) professional services; and WHEREAS, prior to the issuance of such certificates, the City Council is required to publish notice of its intention to issue the same in a newspaper of general circulation in the City, said notice stating (i) the time and place the Council tentatively proposes to pass the ordinance authorizing the issuance of the certificates, (ii) the maximum amount proposed to be issued, (iii) the purposes for which the certificates are to be issued and (iv) the manner in which the Council proposes to pay the 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 the Council's intention to issue certificates of obligation in the principal amount not to exceed $5,000,000 for the purpose of providing funds for the payment of contractual obligations incurred with respect to (i) the purchase of (a) additional land for authorized needs and purposes, to wit: a sewer farm and (b) the expansion and upgrading of the land -application site (including the construction of new irrigation systems and piping on existing and newly acquired land, construction of a terminal storage reservoir, and other construction and improvement in connection therewith) and (ii) professional services, such certificates to be payable from ad valorem taxes and a subordinate lien on and pledge of the net revenues of the City's Sewer System. The notice hereby approved and authorized to be published 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 the City Secretary shall cause the aforesaid notice to be published in a newspaper of general circulation in the City, once a week for two consecutive weeks, the date of the first publication to be before the fourteenth day before the date stated therein for the first reading of the ordinance authorizing the issuance of the certificates of obligation. PASSED AND APPROVED ON FIRST READING, this 14th July, 1988 . PASSED AND APPROVED ON SECOND AND FINAL READING, this 28th July, 1988 Z c� Mayor, City of Lubbock, Texas ATTEST: City ecretary, City of Lubb k, Texas (City Seal) -2- 3259E CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS § COUNTY OF LUBBOCK § § CITY OF LUBBOCK § I, the undersigned, City Secretary of the City of Lubbock, Texas, DO HEREBY CERTIFY as follows: 1. That on the 14th day of July , 1988, a regular meeting of the City Council of the City of Lubbock, Texas, was held at a meeting place within the City; the duly constituted members of the Council being as follows: B. C. MCMINN MAYOR T. J. PATTERSON ) MAGGIE TREJO ) COUNCILMEMBERS GARY D. PHILLIPS ) JOAN BAKER ) GEORGE W. CARPENTER ) BWX X Bill Maloy ) and all of said persons were .present at said meeting, except the following: Maggie Treio Among other business considered at said meeting, the attached resolution entitled: "A RESOLUTION approving and authorizing publication of notice of intention to issue certificates of obligation." was introduced and submitted to the Council for passage and adoption. After presentation and due consideration of the resolution, a motion was made by Councilman Maloy that the Resolution be passed -and adopted on first reading. The motion was seconded by Councilman Patterson , and the resolution was passed and adopted on first reading by the Council to be effective immediately by the following vote: 6 voted "For" 0 voted "Against" abstained all as shown in the official Minutes of the Council for the meeting held on the aforesaid date. w 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 said City on the date of the aforesaid meeting are those persons shown above and, according to the records of my office, advance notice of the time, place and purpose of the meeting was given to each member of the Council; and that said meeting and the deliberation of the aforesaid public business was open to the public and written notice of said meeting, including the subject of the above 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 14th day of July 1988. City Secretary, City Lubbo k, Texas (City Seale 32938 -2- rA CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS § COUNTY OF LUBBOCK § § CITY OF LUBBOCK § I, the undersigned, City Secretary of the City of Lubbock, Texas, DO HEREBY CERTIFY as follows: 1. That on the28th day of �_, 1988, a regular meeting of the City Council of the City of Lubbock, Texas, was held at a meeting place within the City; the duly constituted members of the Council being as follows: B. C. MCMINN T. J. PATTERSON MAGGIE TREJO GARY D. PHILLIPS JOAN BAKER GEORGE W. CARPENTER 101=9W BILL MALOY F, MAYOR COUNCILMEMBERS and all of said persons were present at said meeting, except the following: nond Among other business considered at said meeting, the attached resolution entitled: "A RESOLUTION approving and authorizing publication of notice of intention to issue certificates of obligation." was introduced and submitted to the Council for passage and adoption. After presentation and due .consideration of the resolution, a motion was made by Councilwoman Trejo that the Resolution be passed and adopted on second .and final reading. The motion was seconded by Mayor ProTemAaker and the resolution was finally passed and adopted on second and final reading by the Council to be effective immediately by the following vote: 7 voted "For" 0 voted "Against" 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 said City on the date of the aforesaid meeting are those persons shown above and, according to the records of my office, advance notice of the time, place and purpose of the meeting was given to each member of the Council; and that said meeting and the deliberation of the aforesaid public business was open to the public and written notice of said meeting, including the subject of the above 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 day of , 1988. 27e- CCit Secretary"City Lub ock, Texas (City Seal)