ORD 1989-35 - Notice To Bidders Certificate of Obligatin For A Diesel Refuse Truck 11-14-1989O
ORDINANCE NO. 89 -35
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO
BIDDERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES
OF OBLIGATION FOR A DIESEL POWERED FRONT LOADING
REFUSE 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
DIESEL POWERED FRONT LOADING REFUSE TRUCK
BID NO. 90 -10
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now
accepting sealed bids for a diesel powered front loading refuse
truck. Bids will be received until 2:00 p.m., Friday, December 1,
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 a Certificate of Obligation,
in accordance with the terms and provisions of this notice, at its
December 12, 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 a Certificate 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 the Certificate
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 the Certificate of Obligation and each bidder is
required to elect whether the contractor will accept the
Certificate in payment of all or a part of the contract price, or
assign the Certificate 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 NtA day of %j47015A/BER_ . 1989.
ATTEST:
th DeShaw,
City Secretary
APPROVED AS TO FORM:
Scott Bounds, City Attorney
THE CITY IF HUNTSVILLE, TEXAS
by i /L, teki
ne Monday, Mayor