R-2021-52 Publication of Notice of Intent to Issue Certificates of Obligation

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RESOLUTION NO.2021-52 RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENT TO ISSUE CERTIFICATES OF OBLIGATION STATE OF TEXAS § COUNTY OF HARRIS § CITY OF LA PORTE § WHEREAS, the City Council (the "City Council") of the City of La Porte, Texas (the "City") has determined that it is in the best interests of the City to issue certificates of obligation in a principal amount not to exceed $13,500,000 (the "Certificates") pursuant Subchapter C of Chapter 271, Texas Local Government Code, in accordance with the notice hereinafter set forth; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: Section 1. The facts and recitations contained in the preamble of this Resolution are hereby found and declared to be true and correct. Section 2. The City Secretary is hereby authorized and directed to prepare and cause to be published a notice of intent to issue the Certificates in substantially the form attached hereto as Exhibit A (the " Notice"). The Notice shall be published once a week for two (2) consecutive weeks in a newspaper of general circulation in the City, the date of the first publication to be at least forty-six (46) days before the date tentatively set in said Notice for the passage of the ordinance authorizing the issuance of such certificates of obligation. In addition, the Notice shall be posted continuously on the City's interact website for at least forty-five (45) days before the date tentatively set for the passage of the order or ordinance authorizing the issuance of the Certificates. Section 3. For purposes of the Notice, the City hereby designates as self-supporting those public securities listed in the attached Exhibit B, the debt service on which the City currently pays from sources other than ad valorem tax collections. Section 4. The City hereby authorizes the preparation and distribution of a Preliminary Official Statement relating to the Certificates, and authorizes the Director of Finance or City Manager to approve the final form of and deem final such Preliminary Official statement within the meaning and for the purposes of paragraph (b)(1) of Rule 15c2-12 of the United States Securities and Exchange Commission. Section 5. The Mayor, City Secretary, City Manager, Director of Finance and other officers and agents of the City are hereby authorized and directed to do any and all things necessary or desirable to carry out the provisions of this Resolution. Section 6. This Resolution shall take effect immediately upon its passage W611iY MUNI