ORD CC 1980-59 - Certificate of Obligation - Half-ton pickupsORDINANCE NO. 80 -59
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS
AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
FOR TWO HALF -TON PICKUPS; 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
TWO HALF -TON PICKUPS
BID NO. 81 -19
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now
accepting sealed bids for two half -ton pickups. Bids will be received
until November 25, 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 provisions of this
notice, at its December 2, 1980 meeting or at a subsequent meeting of
the City Council in City Hall.
Copies of specifications are on file at the office of the purchas-
ing agent of the City at the City Service Center, 80 Highway 75 North,
and may be examined there without charge, and may be obtained there.
The City reserves the right to accept any bid deemed most advan-
tageous, including alternates, to reject any or all bids, and to waive
any informality.
It is the intention of the City to pay all or any part of any con-
tractual obligation to be incurred for such purchase or purchases,
including contractual obligations for professional services in connec-
tion therewith, by the issuance of Certificates of Obligation of the
City pursuant to Texas Revised Civil Statutes Art. 2368a.1 and payable
from City ad valorem taxes, in the maximum aggregate principal amount
of $15,000.00, bearing interest at a rate not in excess of that pre-
scribed by Texas Revised Civil Statutes Art. 717k -2, and maturing over
a period of years not to exceed 20 years from the date thereof.
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 provisions for each contractor to sell and
assign such Certificates of Obligation and each bidder is required to
elect whether he will accept such Certificate in payment of all or
a part of the contract price, or assign such Certificates in accord-
ance 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 cir-
culation in the City of Huntsville and that has been duly designated
as the official newspaper of the City. The date of the first publica-
tion shall not be less than fourteen (14) days prior to the date set
in said notice for the receipt of bids by Council.
Section 3: It is hereby officially found and determined that the need of
the City for such half -ton pickups 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
1l.k day of /✓O ✓cMBEt. A. D. 1980.
ATTEST:
4.0
-147-H DE HAW, Ci y Secretary
APPROVED:
��W Ciu�✓rs�
SC BOUNDS, City Attorney
ORRIS I. WALLE', Mayor