HomeMy WebLinkAboutResolution - 2018-R0385 - Intent To Issue Wastewater Revenue Bonds - 11/01/2018Resolution No. 2018-RO395
November 1, 2018
Item No. 6
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 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. This resolution shall take effect from and after the date of its passage.
[Signature page follows]
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Resolution No. 2018-R0385
F.xhihit A
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
WATER AND WASTEWATER SYSTEM REVENUE BONDS
NOTICE IS HEREBY GIVEN that on February 14, 2019, at 5:15 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 the
Municipal Complex, 1625 13th Street, 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 $21,000,000 total principal amount of one or more series of water and wastewater system
revenue bonds (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 City's water and wastewater system, (ii)
funding capitalized interest on the Bonds, (iii) funding the reserve fund requirement for the Bonds,
and (iv) paying the costs of issuing the Bonds (collectively, with items (i)-(iii), the "Project"); and
(iv) payment of professional services of attorneys, financial advisors, engineers and other
professionals in connection with the Project and the issuance of the Bonds.
THIS NOTICE is given in accordance with law and as directed by the City Council of the
City of Lubbock, Texas on November 1, 2018.
A-1
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Resolution No. 2018-go3RS
November 1, 2018
Item No. 6--
.2
ADOPTED THIS 1" day of November, 2018, by the City Council of the City of Lubbock,
Texas.
CITY OF LUBBOCK, TEXAS
DANIEL M. POPE, MAYOR
ATTEST:
Rebe ca Garza, City Secretary
APPROVED AS TO CONTENT:
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D. 8tAostelA, Chief Financial Officer
APPROVED AS TO FORM:
-CY—
Jerry V. fUle, Jr., Bond Counsel
Signature Page for Notice of Intent Resolution
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MINUTES AND CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
COUNTY OF LUBBOCK §
CITY OF LUBBOCK §
On the 1st day of November, 2018, 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 Tern Shelia Patterson Harris ) Members of
Steve Massengale ) the Council
Randy Christian )
Latrelle Joy )
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:
AYES: 7 NOES: 0 ABSTENTIONS: 0
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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 1 st
day of November, 2018.
Re b ca Garza, City Secret ry
City f Lubbock, Texas
[SEAL]
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