HomeMy WebLinkAboutResolution - 2003-R0213 - Notice Of Sale - General Obligation Bonds - 05/22/2003Resolution No. 2003-RO213
Nay 22, 2003
Item No. 54
RESOLUTION NO.
A RESOLUTION approving and authorizing publication of notice of sale with
respect to general obligation bonds.
WHEREAS, the City Council of the City of Lubbock, Texas, has determined to issue and
take bids for the purchase of general obligation bonds in the principal amount of $11,885,000
and, in accordance with the provisions of the City's Charter, the sale of such bonds is to be
advertised in a newspaper once a week for a period of 30 days; 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 a notice of
sale relating to the sale of general obligation bonds 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 A
hereto attached and incorporated herein by reference as a part of this resolution for all
purposes.
SECTION 2: 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.
SECTION 3: This Resolution shall be in force and effect from and after its passage on
the date shown below.
PASSED AND APPROVED, this May 22, 2003.
ATTEST:
City gecretary
(City Sea[)
LUBBOCK GO 2003 -NOS RES.DOC
Resolution No. 2003-80213
Exhibit A
NOTICE OF SALE
$11,885,000
City of Lubbock, Texas, General Obligation Bonds, Series 2003
On the 24th day of July, 2003, 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 authorized and sold 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.
Rebecca Garza
City Secretary
City of Lubbock, Texas
LUBBOCK GO 2003 -NOS RES.DOC
Resolution No. 2003-R0213,
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 22nd day of May, 2003, 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:
MARC McDOUGAL MAYOR
JIM GILBREATH )
FRANK W. MORRISON )
VICTOR HERNANDEZ ) COUNCILMEMBERS
T. J. PATTERSON )
GARY BOREN )
TOM MARTIN )
and all of said persons were present at said meeting, except the following:
. Among other business considered
attached resolution entitled:
at said meeting, the
"A RESOLUTION approving and authorizing publication of notice of sale 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 T. J. Patterson
and seconded by victor Hernandez , the resolution was finally passed and adopted
by the Council to be effective immediately by the following vote:
Recused:
6 voted "For" 0 voted "Against" abstained Jim Gilbreath
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
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.
45316172.1
IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the seal
of said City, this the 22"d day of May, 2003.
(City Seal)
45316172.1 2
City ecretary
City of Lubbock, Texas