ORD 1989-29 - Dump Truck 12 Yard Diesel, C.O., Giving Notice Max. 115,000.00 Bid 90-4 10-10-1989ORDINANCE NO. 89 -29
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO
BIDDERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES
OF OBLIGATION FOR A 12 YARD DIESEL POWERED DUMP TRUCK,
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 CERTIFICATE OF OBLIGATION
12 YARD DIESEL POWERED DUMP TRUCK
BID NO. 90 -4
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now
accepting sealed bids for a new and unused 1990 12 yard diesel
powered dump truck. Bids will be received until 10:00 a.m.,
Friday, October 27, 1989, in the City of Huntsville Council
Chambers, 1212 Avenue M. 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 November 7, 1989, meeting or at
a subsequent meeting of the City Council in City Hall.
Copies of specifications are on file and may be obtained or
examined at the office of the Purchasing Department of the City at
the City Service Center, 80 Highway 75 North.
The City reserves the right to accept any bid deemed most
advantageous, 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
contractual obligation to be incurred for such purchase by the
issuance of Certificates of Obligation of the City pursuant to
Texas Local Government Code Chapter 271 and payable from City ad
valorem taxes, in the maximum aggregate principal amount of
$115,000.00, bearing interest at a rate not in excess of that
prescribed by Texas Revised Civil Statutes Article 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 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 first publication shall not
be less than fourteen (14) days prior to the date set in said notice for
the receipt and opening of bids by the City.
Section 3: This ordinance shall take effect and be in full force and effect
immediately after its passage.
PASSED AND APPROVED this gd day of l9 . 1989.
THE CIT) OF HUNTSVILLE, TEXA
by
ATTEST.
_ddd .
ieS aw, City Secretary
APPROV,€D AS TO FORM:
Scott Bounds, City Attorney
ane Monday, Mayor