HomeMy WebLinkAboutResolution - 2000-R0440 - Notice Of Intent To Issue And Sale $2,770,000 Tax & Solid Waste CO Series 2001 - 12/14/2000Resolution No. 2000-RO440
December 14, 2000
Item No. 11
RESOLUTION NO. 2000-Ro440
A RESOLUTION approving and authorizing publication of (i) notice of intention to
issue certificates of obligation and (ii) notice of sale with respect to such
certificates of obligation.
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) the construction of public works, to wit: the closure of a municipal landfill, and (ii) professional
services rendered in connection with such project and the financing thereof; 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 certificates of obligation; now, therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS:
SECTION 1: 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 $2,770,000 for the purpose of paying contractual obligations to be incurred for (i) the
construction of public works, to wit: the closure of a municipal landfill, and (ii) professional services
rendered in connection with such project and the financing thereof, such certificates to be payable
from ad valorem taxes and a lien on and pledge of net revenues of the City's Solid Waste Disposal
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, and such notice shall 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 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 2: The City Secretary is hereby authorized and directed to cause a notice of sale
relating to the sale of certificates of obligation to be published once a week for a period of thirty (30)
days; such notice of sale to read substantially in the form and content of Exhibit B hereto attached
and incorporated herein by reference as a part of this resolution for all purposes.
PASSED AND APPROVED, this December 14, 2000.
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Resolution No. 2000—RO440
December 14, 2000
Item No. 11
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 10:30
o'clock A.M. on the V1 day of February, 2001, at the City Council Chambers, Municipal Complex,
1625 13th Street, Lubbock, Texas, and, during such meeting, the City Council will consider the
second reading and final adoption of an ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $2,770,000 for the purpose of paying contractual obligations
to be incurred for (i) the construction of public works, to wit: the closure of a municipal landfill and
(ii) professional services rendered in connection with such project and the financing thereof, such
certificates to be payable from ad valorem taxes and a lien on and pledge of the net revenues of
the City's Solid Waste Disposal 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.
Kaythie Darnell
City Secretary
City of Lubbock, Texas
877441.1
Resolution No. 2000-RO440
December 14, 2000
Item No. 11
Exhibit B
NOTICE OF SALE
$2,770,000
City of Lubbock, Texas, Tax and Solid Waste System Surplus
Revenue Certificates of Obligation, Series 2001
On the r day of February, 2001, the City Council of the City of Lubbock, Texas, plans to
sell the above referenced certificates of obligation during its regular meeting scheduled to begin at
10:30 o'clock A.M..
A complete description of the Certificates 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
817441.1
Resolution No. 2000-RO440
December 14, 2000
Item No. 11
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. On the 14th day of December, 2000, 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:
WINDY SITTON MAYOR
ALEX "TY" COOKE ) MAYOR PRO TEM
FRANK MORRISON )
VICTOR HERNANDEZ )
T. J. PATTERSON )
DAVID NELSON ) COUNCILMEMBERS
MARC McDOUGAL )
and all of said persons were present at said meeting, except the following:
T.J. Patterson Among other business considered at said meeting, the attached
resolution entitled:
"A RESOLUTION approving and authorizing publication of (i) notice of
intention to issue certificates of obligation and (ii) notice of sale
with respect to such certificates of obligation."
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 Marc McDougal and
seconded by David Nelson , the resolution was finally passed and adopted by the
Council to be effective immediately by the following vote:
6 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. 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
877762.1
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, as amended.
IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the
seal of said City, this the 1411 day of December, 2000.
City,Se4retary, City of Lubbock, Texas
(City Seal)
877762.1 -2-