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HomeMy WebLinkAboutResolution - 5000 - Notice Of Intent To Issue Cetificates Of Obligation & Notices Of Sale - 10_19_1995Resolution No. 5000 October 19, 1995 Item #18 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 notices of sale with respect to such certificates of obligation and with respect to general obligation bonds. 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) public safety improvements, including construction and equipment of fire stations, fire training facilities, and administrative and maintenance/supply facilities for the fire department and (ii) professional services rendered in connection therewith; and WHEREAS, the City Council of the City of Lubbock, Texas, has determined that general obligation bonds should be issued in accordance with the provisions of general law and the City's charter for the purpose of paying contractual obligations to be incurred for street improvements, park improvements, and costs of issuing such bonds; 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 it appropriate to publish a notice of sale with respect to such bonds and certificates in accordance with the procedure set forth in the City's charter; 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 $10,000,000 for the purpose of paying contractual obligations to be incurred for (i) public safety improvements, including construction and equipment of fire stations, fire training facilities, and administrative and maintenance/supply facilities for the fire department and (ii) professional services rendered in connection therewith, such certificates to be payable from ad valorem taxes and a limited pledge of the 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. 955425/D279481 Section 2: That such notice of intention to issue certificates of obligation 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 sale of certificates of obligation and general obligation bonds. The notice of sale hereby approved and authorized to be published shall read substantially in the form and content of Exhibits B and C hereto attached and incorporated herein by reference as a part of this resolution for all purposes. Section 4: That the City directed to cause the notices of to be published once each we PASSED AND APPROVED, th s ATTEST: Secretary is hereby authorized and sale approved in Section 3, above, or eriod of thirty days. City, ecret y, City of Lubbock, (SEAL) 955425/D279481 _ 2 9tVday[of Octeber yor, City of Lu Texas , Texas Exhibit A NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS, CERTIFICATES OF OBLIGATION TAKE NOTICE that the City Council of the City of Lubbock, Texas, shall convene at 10:00 o'clock A.M. on the 7th day of December, 1995, at 1625 13th Street, Lubbock, Texas, 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 Ten Million Dollars ($10,000,000) for the purpose of paying contractual obligations to be incurred for (i) public safety improvements, including construction and equipment of fire stations, fire training facilities, and administrative and maintenance/supply facilities for the fire department and (ii) professional services rendered in connection therewith, such certificates to be payable from ad valorem taxes and a limited pledge of the revenues 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 Secret ry City of Lubbock, Texas 955425/D279481 _ 3 - 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., December 7, 1995, for the following described Certificates of Obligation: $10,000,000 City of Lubbock, Texas Tax and Waterworks System (Limited Pledge) Revenue Certificates of Obligation, Series 1995 Dated December 15, 1995; principal due February 15 of each year as follows: $500,000 in each of the years 1997 through, and including, 2016; interest payable August 15, 1996, and each February 15 and August 15 thereafter. Certificates having stated maturities on and after February 15, 2007, will be subject to redemption at the option of the City, in whole or in part in principal amounts of $5,000 or any integral multiple thereof, on February 15, 2006, or any date thereafter, at the par value thereof plus accrued interest to the date of redemption. 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, 1700 Pacific Avenue, Suite 500, Dallas, Texas 75201, Financial Consultants to the City. City ecreta y City of Lubbock, Texas (City Seal) 955425/D279481 -4- Exhibit C 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., December 7, 1995, for the following described Bonds: $6,505,000 City of Lubbock, Texas General Obligation Bonds, Series 1995A Dated December 15, 1995; principal due February 15 of each year as follows: $325, 000 in each of the years 1997 through, and including, 2015, and $330,000 in the year 2016; interest payable August 15, 1996, and each February 15 and August 15 thereafter. Bonds having stated maturities on and after February 15, 2007, will be subject to redemption at the option of the City, in whole or in part in principal amounts of $5,000 or any integral multiple thereof, on February 15, 2006, or any date thereafter, at the par value thereof plus accrued interest to the date of redemption. 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, 1700 Pacific Avenue, Suite 500, Dallas, Texas 75201, Financial Consultants to the City. City Secret y City of Lubbock, Texas (City Seal) 955425/D279481 _ 55 - Resolution No. 5000 October 19, 1995 Item #18 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 19th day of October, 1995, a regular meeting of the City Council of the City of Lubbock, Texas, was held at the regular meeting place of the City Council within the City; the duly constituted members of the Council being as follows: DAVID LANGSTON MAYOR RANDY NEUGEBAUER MAYOR PRO TEM ALEX "TY" COOKE VICTOR HERNANDEZ ) COUNCILMEMBERS MAX INCE ) T.J. PATTERSON ) WINDY SITTON ) and all of said persons were present at said meeting, except the following: Among other business considered at said meeting, 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 notices of sale with respect to such certificates of obligation and with respect to general obligation bonds. was introduced and submitted to the Council for passage and adoption. After presentation and due consideration of the resolution, and upon a motion being made by Councilmember Patterson and seconded by Councilmember Cooke , the resolution was finally passed and adopted by the Council to be effective immediately by the following vote: 7 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 955425/0282150 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 V.T.C.A., Government Code, Chapter 551. IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the seal of said City, this the 19th day of October, 1995. Citygec'retaAy City of Lubbock, Texas (City Seal) 955425/D282150 - 2 - Name. 6700810605 USA Airbill From (please print) 10/19/95 1542-1857-2 to Sender's FedEx Account Number nder'sName Betty M. Johnson Phone ( 806) 767-2025 CITY CF LURECCK/CITY SECRETARY Dept/Floor mpany Sude/Room 1625 13 ST RF 2C6 (dress LUREFICK TX 7 9 4 0 1 y State Zip Your Internal Billing Reference Information (Oplionall (rust 24 characters will appear on invoicel _ -31"To (please print) uipient'sName Mark S. Westergard Phone( 214 ) 855-8000_ Dept./Floor(mpanyFulbright & Jaworski Sender's Copy 2 25 23708682 520 F Service' ®FedEx Priority Ove night FedEx Standard Overnight FedEx 2Day Next buminess momm t (Neat boom... aberncont (Second busuiss deyl FedEx GovL Overnight (Awlicrued wr only) FedEz Overnight Freight FedEx 20ay Freight IF., packages over 15D pounds. Cab for delivery t0tol.la.1*Delivery commiment may be leur or mime areas LA Packaging FedEx FedEx FedEx ❑ FedEx ❑ Packs in ® Letter' ❑ Pak' Packaging •Oaclared value limn MSpecial Handling Does this shiprrrera na.ayxg ❑ dI r ao ■ contain d® wpa. dangerous goods? No Yes �, g rrYes a "„�I � Dry Ice CAD cargo Aircraft Only a Dry Ice, 9, UN 1945111 kg. 904 (Dangerous Goods Shipper's Declaration not required) M Payment Bill ® Sender Recipient E]Third Party E]CredilCard Cash/ to: lAccoud no inCheck sermon I will be broad) i_ (Enter FedEx account no. or Credit Card no. belowl FedEx Account No. (dress ftai0eex; e as location. Me Cannot Deliver to PU. Boxes or P.O. Zip Codes) 2200 Ross Ave, Ste 2800 print Credit Exp. Card No. Date ty Dallas State TX Zip 75201 Tout Packages Total Weight Total Declared Value' Total Charges For "HOLD" Service check here For Saturday Delivery check here 40 eekday Saturday El IEw Charge. 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Federal Express may, upon your esge'ordelay. con deatery,misdelhery, or ussinformawc, unless yam declare a higher vales, request andwilh some lanitaams refuel eE transportation charges paid. y an additional charge, and document your actual loss in a timely manner. your See the redFx servire Gaide fur furthi,r delnlls. 2uestionsT :all 1.800• Go• FedEx $ .00 S 'When declaring a value higher than $IDD per package, you pay an additional charge. See SERVICE CONDITIONS, DECLINED YAIUE AND UNIT Of UABILM section for tune., information. Release Signature Your signature authorizes Federal Express to deliver this ship ment without obtaining a signature and agrees to indemnify and hold harmless Federal Express from any resulting claims. The World On Time ],94 Rev. Date 5195 • PART e146162 01994-95 FedEx • PRINTED IN U.S.A.