HomeMy WebLinkAboutResolution - 2020-R0347 - Authorizing Publication of Notice of Intention to Issue BondsResolution No. 2020- 0347
September 22, 2020
Item No. 8•9
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. The City's Chief Financial Officer is hereby authorized and directed to
complete the Notice with the anticipated date of the City Council meeting to approve the ordinance
authorizing issuance of the Bonds and to make such other revisions to the Notice as the Chief
Financial Officer shall deem necessary or appropriate prior to publication.
Section 4. This resolution shall take effect from and after the date of its passage.
[Signature page follows.]
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Resolution No. 2020- 0347
September 22, 2020
Item No. 8.9
ADOPTED THIS 22nd day of September, 2020, by the City Council of the City of
Lubbock, Texas.
CITY OF LUBBOC TEXAS
DANIEL M. POPE, MAYOR
I
ST:
Ah (0""'
Rebecca Garza, City Secretary
APPROVED AS TO CONTENT:
D. Blu Kostelich, Chief Financial Officer
APPROVED AS TO FORM:
Jerry I. yle, Jr., Bond Counsel
Signature Page for Notice oflntent Resolution
4149-2505-8853.2
Resolution No. 2020-R 0347
Exhibit A
NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS
WATER AND WASTEWATER SYSTEM REVENUE BONDS
NOTICE IS HEREBY GIVEN that on ,1 2020, at 4:30 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 Citizens
Tower, 1208 141h 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
$10,455,000 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.
THIS NOTICE is given in accordance with law, the City's Charter and as directed by the
City Council of the City of Lubbock, Texas on September 22, 2020.
1 To be completed by the City's Chief Financial Officer.
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