HomeMy WebLinkAboutResolution - 2004-R0385 - Resolution Authorizing Notice Of Sale - Tax And Waterworks System Surplus - 08_16_2004Resolution No. 2004-RO385
August 16, 2004
Item No. 30
RESOLUTION
WHEREAS, on June 9, 2004, by Resolution No. 2004-R0276, the City Council
of the City of Lubbock, Texas, authorized publication of the City's notice of intention
to issue certificates of obligation and notice of sale with respect to such certificates of
obligation in the amount of Three Million One -hundred Thousand Dollars ($3,100,000)
(the "City of Lubbock, Texas, Tax and Waterworks System Surplus Revenue
Certificates of Obligation, Series 2004");
WHEREAS, the Notice of Sale authorized to be published therein provided for
the sale date of the City of Lubbock, Texas, Tax and Waterworks System Surplus
Revenue Certificates of Obligation, Series 2004, as August 16, 2004;
WHEREAS, the City Council of the City of Lubbock, Texas, on June 9, 2004,
by Resolution No. 2004-R0281, authorized the publication of a notice of sale relating to
the sale of general obligation bonds in the amount of Two Million Twenty-five
Thousand Dollars ($2,025,000.00) (the "City of Lubbock, Texas, General Obligation
Bonds, Series 2004");
WHEREAS, the Notice of Sale authorized to be published therein provided for
the sale date of the City of Lubbock, Texas, General Obligation Bonds, Series 2004, as
August 16, 2004;
WHEREAS, the City Council of the City of Lubbock, Texas, now desires to
postpone the issuance and sale of the City of Lubbock, Texas, Tax and Waterworks
System Surplus Revenue Certificates of Obligation, Series 2004, and of the City of
Lubbock, Texas, General Obligation Bonds, Series 2004, to a later date; NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1: THAT the issuance and sale of the City of Lubbock, Texas, Tax
and Waterworks System Surplus Revenue Certificates of Obligation, Series 2004, and
of the City of Lubbock, Texas, General Obligation Bonds, Series 2004, be postponed
until September 28, 2004, or a later date, as designated by the City Manager of the City
of Lubbock, which authority to so set such date being hereby delegated to the City
Manager of the City of Lubbock, to allow additional time to meet with rating agencies
and prepare offering documents related thereto, and, when a date for such sale is
determined and finalized, to authorize publication of all required notices of sale and any
other notices, as required by the City Charter of the City of Lubbock.
SECTION 2: THAT, except as modified herein, Resolution No. 2004-RO276
and Resolution No. 2004-RO281 shall remain in full force and effect as originally
resolved.
SECTION 3: THAT it is officially found, determined, and declared that the
meeting at which this Resolution is adopted was open to the public and public notice of
the time, place, and subject matter of the public business to be considered at such
meeting, including this Resolution, was given, all as required by V.T.C.A.,
Government Code, Chapter 551, as amended.
Passed by the City Council this 16th day of August
L, MAYOR
ATTEST:
Rebecca Garza, City Secretary
APPROVED AS TO CONTENT:
6�Ku �.
Lee Ann Dumbauld
CFO / Assistant City Manager
ke/ccdocs/Bonds. Postpone2004. res
August 4, 2004