HomeMy WebLinkAbout19961120RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE REVENUE BONDS
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
purposes 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
1996" (the "Bonds") for the purpose of providing approximately $3,700,000 for the extensions and
improvements to the City's electric light and power system; approximately $3,200,000 for the
extensions and improvements to the City's water system; and approximately $500,000 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 12th day of December, 1996 in an amount expected
not to exceed $7,400,000. 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.
/s/ Lynn McIlhaney
Mayor, City of College Station, Texas
(SEAL)