HomeMy WebLinkAboutResolution - 2000-R0074 - Rescind 2000-R0014_Notice Of Sale For GO Bonds - 03_02_2000Resolution No. 2000-R00 74
March 2, 2000
Item No. 21
RESOLUTION
WHEREAS, the City Council of the City of Lubbock, Texas, has determined to
issue general obligations bonds in the principal amount of $7,000,000; and
WHEREAS, in connection therewith, the City Council passed Resolution No.
2000-R0014, dated January 13, 2000, approving and authorizing publication of notice of
sale with respect to these general obligation bonds once a week for a period of thirty days
prior to March 9, 2000;
WHEREAS, the City Council meeting scheduled for March 9, 2000, was
rescheduled to March 23, 2000, after four publications of the notice for the March 9 sale;
and
WHEREAS, February 20, 2000 and February 27, 2000 notice of sale was
published with respect to these general obligation bonds for March 23, 2000, the next
scheduled City Council meeting; now therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS,
that:
1. Resolution No. 2000-R0014, dated January 13, 2000, is hereby RESCINDED;
and
2. The City Secretary is hereby authorized and directed to cause a notice of sale
relating to the sale of general obligation bonds to be published once week for a
period of thirty (30) days; such notice of sale to 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; and
3. Publication of said notice on February 20, 2000, and February 27, 2000 is hereby
RATIFIED.
PASSED AND APPROVED, this March 2, 2000.
I @F LUBB C ,TEXAS
Y SI O Mayor
A EST:
Ka Darnell, City Secretary
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Feb—y 23, 2000
Resolution No. 2000-R00 74
March 2, 2000
Item No. 21
EXHIBIT A
NOTICE OF SALE
$7,000,000
City of Lubbock, Texas, General Obligation Bonds, Series 2000
On the 23rd day of March, 2000, the City Council of the City of Lubbock, Texas,
plans to sell the above referenced bonds during its regular meeting scheduled to begin at
10:30 o'clock A.M.
A complete description of the Bonds being offered for sale, together with the
terms of sale, security for their payment and financial information and operating data
about the City appear in an Official Notice of Sale, Bidding Instructions and an
Official Statement, which can 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.
Kaythie Darnell
City Secretary
City of Lubbock, Texas
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PWmsy 27, 2000