HomeMy WebLinkAboutR-1998-06
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Resolution 98: 0 6
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ORIGINAL
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
REVENUE BONDS
WHEREAS, the City Council (the "City Council") of the City of La Porte, Texas (the "City"),
finds that the construction of improvements to the City's waterworks and sewer 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 govemmental 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 Qi) 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 LA
PORTE, 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 2051.44, 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.
SECTION 4. That the City Council officially finds, determines, recites and declares that a
sufficient written notice of the date, hour, place and subject of this meeting of the City Council was
posted at a place convenient to the public at the offices of City of La Porte for the time required by
law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Govemment
Code; and that this meeting has been open to the public as required by law at all times during which
this resolution and the subject matter thereof has been discussed, considered and formally acted
upon. The City Council further ratifies, approves and confirms such written notice and the contents
and posting thereof.
PASSED AND APPROVED this the 18th day of May, 1998.
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8~ JI;JJ.&.,
Ma ha Gillett, City Secretary
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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 La Porte, 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 LA PORTE, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1998"
(the "Bonds") for the purpose of construction of improvements to the City's waterworks and sewer
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, La
Porte, Texas, at a Regular Meeting of the Council to be commenced at 6:00 p.m., on the 22nd day
of June, 1998 in an amount expected not to exceed $1,250,000. The City Council proposes to
provide for payment of the Bonds from a pledge of the net revenues of the City's waterworks and
sewer system.
B.'..
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La Porte, Texas 77571
(713) 471-1234
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PUBLIC NOTICES
I . EXHIBIT A
. NOTICE OF INTENTION TO ISSUE
I REVENUE BONDS
. ~ that it is intention
NOTICE IS . .City Council") 01
of the City counCIl (the (the .City.) to
the City of La Porte. T~:: for Ihe issuance
adoPt an Ordi~ provl bonds 01 the City
01 intere: bea~~~=~~~o be- designated
presen y the .CITY OF LA PORTE.
and a WORKS AND SEWER
TEX ENUE BON . SERIES
SY ( h nds.) for th urpose of
199 ten the City's
constructi mpr~m:yst' and the
w erw I tu 0 ions lor
. p . 0 n S c nection
profes.slonal t fimite<:! \0, finanCial .
the~ [lOCI, ~ e' ring). The City
. advlso~y, leg . osed to authorized
Council tentatIvely ds at its regular
the issuance. of t, ~I La F\:lrte, Texas. '
meeting place In th. f th Council to be
at a Regular Meeting 0 e the 22nd day ,
~~T::n~~~:~~:~~ ~:~:~ expected n~~
to exce~d $1,250,000. The ~~~= ersigned authority, on this date
roposes \0 provide for payment h
from a pledge of the net revenu~s ~f t e m Black, F..di tor & Publisher of
City's waterworks and s~~ ~_.:...-
.U!~ tiayshOre Sun, a seni-\veek1y ne'lspaper published
in the City of La Porte, Harris C'..ounty, Texas, and
"Tho after being duly S\AJOm, says the attached notice
was published in The Bayshore Sun of May 24, 1998 .
SUD
6~O
John Black
Editor & Publisher
S~m and subscribed before me this q -rJ: day of
~ ,19Q;. - .
~1.t-..~
Sandra E. Brnngarner
Notary Public
Harris County, Texas