07-12-95-W-2 - Resolution - 07/12/1995q so[ution
NUMBER. 7-12-95-W-2
WHEREAS, the City Council (the "City Council") of the City of College Station,
Texas (the "City") finds that the extensions and improvements to the City's electric light
and power system; extensions and improvements to the City's water system; and
extensions and improvements to the City's wastewater system and the payment of
contractual obligations for professional services in connection therewith (including, but
not limited to, financial advisory, legal, and engineering) would be beneficial to the
inhabitants of the City and such property is needed to perform essential governmental
functions, and the City Council has determined that revenue bonds (the "Bonds")
should be issued pursuant to the applicable laws of the State of Texas, including
Articles 1111 through 1118, Vernon's Texas Civil Statutes, for such purposes;
WHEREAS, prior to the issuance of the Bonds, the City Council is required to
publish notice of its intention to issue the Bonds in a newspaper of general circulation
in the City, the notice stating (i) the time and place the City Council tentatively
proposes to pass the ordinance authorizing the issuance of the Bonds, (ii) the
maximum amount of Bonds proposed to be issued, (iii) the purpose for which the Bonds
are to be issued, and (iv) the manner in which the City Council proposes to pay the
Bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEGE STATION, TEXAS, THAT:
SECTION 1. Attached hereto and marked "Exhibit A" is a form of notice, the
form and substance of which are hereby adopted and approved.
SECTION 2. The Mayor or the City Secretary shall cause the notice to be
published, in substantially the form attached hereto, in a newspaper, as defined in
Section 2051.044, Texas Government Code, of general circulation in the City for two
consecutive weeks, the date of first publication to be at least 14 days prior to the date
tentatively set for the ordinance authorizing the issuance of the Bonds.
SECTION 3. The Mayor and the City Secretary are hereby authorized and
directed to execute the Certificate to which this Resolution is attached on behalf of the
City Council and to do any of all things proper and necessary to carry out the intent
thereof.
EXHIBIT A
NOTICE OF INTENTION TO ISSUE REVENUE BONDS
NOTICE is hereby given that it is the intention of the City Council (the "City
Council") of the City of College Station, Texas (the "City") to adopt an Ordinance
providing for the issuance of interest-bearing revenue bonds of the City presently
contemplated to be designated and known as the "CITY OF COLLEGE STATION,
TEXAS UTILITY SYSTEM REVENUE BONDS, SERIES 1995" (for "Bonds") for the
purpose of providing approximately $3,000,000 for the extensions and improvements to
the City's electric light and power system; approximately $1,800,000 for the extensions
and improvements to the City's water system; and approximately $1,200,000 for
extensions and improvements to the City's wastewater system and the payment of
contractual obligations for professional services in connection therewith (including, but
not limited to, financial advisory, legal and engineering). The City Council tentatively
proposes to authorize the issuance of the Bonds at its regular meeting place in the City
Hall, College Station, Texas, at a Regular Meeting of the Council to be commenced at
7:00 p.m., on the 24th day of August, 1995 in an amount expected not to exceed
$6,000,000. The City Council proposes to provide for payment of the Bonds from a
pledge of the net revenues of the City's water system, sewer system, and electric light
and power system.
M ayo'"l.712'a}-ry'-j...~ll~ er
SEAL