ORD CC 1980-56A - Certificate of Obligation - Refuse truck'~
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ORDINANCE NO. 80-56-A
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS
AND NOTICE OF INTENTION TO ISStJE CERTIFICATES OF OBLIGATION
FOR FRONT LOADING REFUSE TRUCK - C&8 CHASSIS; AND MAKING
VARIOUS PROVISIONS RELATED THERETO.
BE IT ORDAINED by the City Council of the City of Huntsville, Texas, that:
Section 1: The City Secretary is hereby authorized and directed to cause
to be published a notice to bidders and notice to issue Certificates
of Obligation in substantially the following form:
NOTICE TO BIDDERS AND NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
FRONT LOADING REFUSE TRUCK - CAB CHASSIS
BID NO. 81-8
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now
accepting sealed bids for front loading refuse truck - cab cbasoia.
Bids will be received at City Service Center until 2:00 p.m.
Tuesday, November 18, 1980. The City Council tentatively proposes
to let a contract for such purpose and to authorize issuance of
Certificates of Obligation, in accordance with the terms and pro-
visions of this notice, at its regular Council meeting at the
Huntsville City Hall, Tuesday, November 25, 1980, at 7:00 p.m.,
or at subsequent meeting of Council.
Copies of specifications are on file and may be obtained or examined
at the office of the Purchasing Agent of the City at the City Service
Center, 80 Highway 75 North.
It is the intention of the City to pay all or any part of any con-
tractual obligation to be incurred for such purchase by the issu-
ance of Certificates of Obligation of the City pursuant to Texas
Revised Civil Statutes, Art. 3368a.1 and payable from City ad
valorem taxes, in the maximum aggregate principal amount of $50^000,00,
bearing interest at a rate not in excess of that prescribed by
Texas Revised Civil Statutes Art. 717k~2, and maturing over a
period of years not to exceed 20 years from the date hereof.
The successful bidder will be required to accept such Certificates
of Obligation in payment of all or any part of the contract price.
The City Council has made provision for such contractor to sell
and assign such Certificates of Obligation and the bidder is re-
quired to elect whether he will accept such Certificates in payment
of all or a part of the contract price, or assign such Certificates
in accordance with such arrangements.
Section 2: The notice set forth in Section 1 shall be published once a week
for two (2) consecutive weeks in a paper that is of general circulation
in the City of Huntsville and that has been duly designated as the
official newspaper of the City. The date of the first publication
shall not be less than fourteen (14) days prior to the date set in
said notice for the receipt of bids.
Section 3: It is hereby officially found and determined that the need of
the City for such refuse truck - cab chassis and such financing creates
an emergency and an urgent public necessity for the consideration of
the adoption of this ordinance in accordance with the notice of meeting
relating hereto.
Section 4: This ordinance shall take effect immediately upon its passage.
INTRODUCED, READ AND PASSED by the unanimous vote of Council on this
ar.
day of
, A. D. 1980.
2/44444; .
MORRIS I. WALLER, Mayor
ATTEST:
DE SHAW, City ecretary
APPROVED:
SCOTT BOUNDS, City Attorney