ORD 1987-41 - Notice to Issue C.O. for Landfill Compactor 12-15-19874
ORDINANCE NO. 87-41
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BID-
DERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF
OBLIGATION FOR A LANDFILL COMPACTOR, 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
LANDFILL COMPACTOR
BID NO. 88-4
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now ac-
cepting sealed bids for a Landfill Compactor. Bids will be received un-
til 2 P.M., Tuesday, January 5, 1988, 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 January 12, 1988, 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 infor-
mality.
It is the intention of the City to pay all or any part of any contrac-
tual obligation to be incurred for such purchases 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 $200,000.00, 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 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 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 of bids by Council.
Section 3: For the reasons set forth in the notice of meeting posted as
the agenda on which this Ordinance was considered, a public
emergency and imperative necessity exist for this Ordinance to be
passed and take effect and be in full force and effect immediately
after its passage.
PASSED AND APPROVED this /5 day of
ATTEST:
C ty Secreta
y
APP
AS TO F.
ity Attorney
THE CI Y OF HUNTSVILLE, TEXAS
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