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Home My WebLink AboutR-2016-20 authorizing publication of a notice of Intention to Issue Certificate of Obligation RESOLUTION NO. 2016-20 RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION 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 and otherwise desirable to issue certificates of obligation in a principal amount not to exceed $10,635,000 styled "City of La Porte, Texas, Combination Tax and Surplus Revenue Certificates of Obligation, Series 2017" (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. Preamble. The facts and recitations contained in the preamble of this Resolution are hereby found and declared to be true and correct. Section 2. Authorization of Notice. The City Secretary is hereby authorized and directed to deliver the Notice, in the form set forth in Exhibit A hereto, and to publish such Notice on behalf of the City once a week for two (2) consecutive weeks in a newspaper which is of general circulation in the City, the date of the first publication to be at least thirty-one (31) days before the date tentatively set in the Notice for the passage of the ordinance authorizing the issuance of the Certificates. Notwithstanding any other provision of this Resolution, the Mayor and City Manager are each hereby authorized to make or approve such revisions, additions, deletions, and variations to the Notice as, in the judgment of the Mayor and/or City Manager and in the opinion of Bond Counsel to the City, may be necessary or convenient to carry out or assist in carrying out the purposes of this Resolution, or as may be required for approval of the Certificates by the Attorney General of Texas; provided, however, that any change to the Notice resulting in material substantive amendments shall be subject to the prior approval of City Council. Section 3. Authorization of Other Matters Relating Thereto. The Mayor, City Secretary 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 4. Effective Date. This Resolution shall take effect immediately upon its passage. HOU:3738151.1 Section 5. Public Meeting. It is officially found, determined and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place and subject matter of the public business to be considered at such meeting, including this Resolution, was given all as required by the Texas Government Code, Chapter 551, as amended. (execution page follows) HOU:3738151.1 2 PASSED AND APPROVED the 12th day of December, 2016 CITY OF L PORTE, TEXAS it May• IP ATTEST City Secretary -� pF.................... (SEAL). ` 1�I to i — *; 1 , 11,1,p� S-1 HOU:3738151.1 EXHIBIT A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of La Porte, Texas (the "City") will meet at its regular meeting place at City Council Chambers, City Hall, 604 West Fairmont Parkway, La Porte, Texas at 6:00 p.m. on January 23, 2017, which is the time and place tentatively set for the passage of an ordinance and such other action as may be deemed necessary to authorize the issuance of the City's certificates of obligation, payable from ad valorem taxation and a pledge of surplus net revenues of the water and sewer system of the City, in the maximum aggregate principal amount of$10,635,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council at the time of issuance and maturing over a period of years not to exceed thirty (30) years from the date thereof, for the purpose of evidencing the indebtedness of the City to pay all or any part of the costs associated with (i) the planning, acquisition, design and construction of wastewater system improvements and (ii) professional services rendered in connection therewith. S-1 HOU:3738151.1 PASSED AND APPROVED the 12th day of December, 2016 CITY OF LA PORTE,TEXAS Mayor ATTEST LC.IJ at fg/i It • City Secretary �'v�� t (SEAL i Ill °#i 4%.**. 15 ••• - ‘'ked .. S-1 HOU:3738151.1 PASSED AND APPROVED the 12th day of December, 2016 CITY OF - PORTE,TEXAS Ma or ATTEST CityPtat Jr/Q/Lt_y Secretary Y (SE/4419 LA PR,% /31:(1" -414 kt‘‘‘,S0`NTy`' II S-1 HOU:3738151.1 PASSED AND APPROVED the 12th day of December, 2016 CITY OF LA PORTE, TEXAS £ May. ATTEST Ligtff.1-(t J6,90ctl City Secretary (SEAL) �r�y..F 1. P...?/-N% c..••'••� I V(1\ *• ,1%ti\\OUN1y. S-1 HOU:3738151.1 CERTIFICATE FOR RESOLUTION 2016-20 STATE OF TEXAS § COUNTY OF HARRIS § I, the undersigned City Secretary of the City of La Porte, Texas (the "City"), hereby certify as follows: 1. The City Council of the City (the "City Council") convened in a regular meeting on December 12, 2016, at the regular meeting place thereof, within the City, and the roll was called of the duly constituted officers and members of the City Council,to-wit: Louis R. Rigby Mayor Danny Earp Mayor Pro-Tem John P.Zemanek Councilmember Dottie Kaminski Councilmember Chuck Engleken Councilmember Daryl Leonard Councilmember Kristen Martin Councilmember Jay Martin Councilmember Mike Clausen Councilmember and all of such persons were present except, the following absentee(s) thus constituting a quorum. Whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION was duly introduced for the consideration of such City Council and read in full. It was then duly moved and seconded that such Resolution be adopted; and, after due discussion, such motion,carrying with it the adoption of such Resolution,prevailed and carried by the following vote: AYES q NAYS ABSTENTIONS Q 2. That a true, full and correct copy of the aforesaid Resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certificate; that such Resolution has been duly recorded in the City Council's minutes of such meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the City Council's minutes of such meeting pertaining to the adoption of such Resolution; that the persons named in the above and foregoing paragraph are the duly chosen,qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and purpose of the aforesaid meeting, and that the Resolution would be introduced and considered for adoption at such meeting, and each of such officers and members consented, in advance, to the holding of such meeting for such purpose; that such meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of such meeting was given as required by Chapter 551,Texas Government Code, as amended. HOU:3745012.1 SIGNED AND SEALED this 12th day of December,2016. PccriLthz..„- City Secretary City of La Porte,Texas F vp,PORTE IN`1 -\0.•• 11 (SEAL) f c?' °\-4(•°0 / I 0 106 #11 ••••.. "`�� '11 x ,RMCO N��S HOU:3745012.1 SIGNED AND SEALED this 12th day of December, 2016. (121, Cbt/VI City Secretary City of La Porte,Texas _=�F 1.A PORjF��1 (SEAL) � �,��'.�.............� � X11 • i t I lig / � i / . i1 ' : . ..•.c' 111`‘e/S moo'N�y HOU:3745012.1 SIGNED AND SEALED this 12th day of December, 2016. City Secretary City of La Porte,Texas PORTF`‘‘‘k � 11 1 (SEAL) .0 • %: 1o1 o / = i ��\R„ �N HOU:3745012.1 SIGNED AND SEALED this 12th day of December,2016. atttelL City Secretary v (4-11 City of La Porte,Texas (SEAL) EOr $*• f 1 I i •*:`�t i Ilt`i��s OUN�y — HOU:3745012.1 CERTIFICATE FOR RESOLUTION STATE OF TEXAS § COUNTY OF HARRIS § I, the undersigned City Secretary of the City of La Porte, Texas (the "City"), hereby certify as follows: 1. The City Council of the City (the "City Council") convened in a regular meeting on January 23, 2017, at the regular meeting place thereof,within the City, and the roll was called of the duly constituted officers and members of the City Council,to-wit: Louis R.Rigby Mayor Danny Earp Mayor Pro-Tern John P.Zemanek Councilmember Dottie Kaminski Councilmember Chuck Engleken Councilmember Daryl Leonard Councilmember Kristen Martin Councilmember Jay Martin Councilmember Mike Clausen Councilmember and all of such persons were present except, the following absentee(s) R , thus constituting a quorum. Whereupon, among other business, the foll wing was transacted at such meeting: a written ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF LA PORTE, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 2017; AND CONTAINING OTHER MATTERS INCIDENT THERETO was duly introduced for the consideration of such City Council and read in full. It was then duly moved and seconded that such Resolution be adopted; and, after due discussion, such motion, carrying with it the adoption of such Resolution,prevailed and carried by the following vote: AYES/ NAYS ® ABSTENTIONS Q 2. That a true, full and correct copy of the aforesaid Resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this 'certificate; that such Resolution has been duly recorded in the City Council's minutes of such meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the City Council's minutes of such meeting pertaining to the adoption of such Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and purpose of the aforesaid meeting, and that the Resolution would be introduced and considered for adoption at such meeting, and each of such officers and members consented, in advance, to the holding of such meeting for such purpose; that such meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of such meeting was given as required by Chapter 551,Texas Government Code,as amended. HOU:3755095.1 SIGNED AND SEALED this 23rd day of January, 2017. Id:Ai I. City Secretary City of La Porte,Texas (SEAL) HOU:3755095.1 SIGNED AND SEALED this 23rd day of January,2017. Patti& 40, doir City Secretary ' City of La Porte,Texas (SEAL) HOU:3755095.1 SIGNED AND SEALED this 23rd day of January,2017. 4T6A, lty Secretary City of La Porte,Texas (SEAL) HOU:3755095.1 SIGNED AND SEALED this 23rd day of January, 2017. asfra& 162A.V- City Secretary r City of La Porte,Texas (SEAL) HOU:3755095.1