ORD 1981-17 - CO Parking Light Improvementsf
ORDINANCE NO. 81- 17
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS
AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
FOR PARK LIGHTING IMPROVEMENTS; 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
FOR PARK LIGHTING IMPROVEMENTS
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now accept-
ing sealed bids for park lighting improvements. Bids will be received
until March 26, 1981 at 2:30 P.M. The City Council tentatively proposes
to let a contract for such purpose and to authorize issuance of Certifi-
cates of Obligation, in accordance with the terms and provisions of this
notice, at its March 31, 1981 meeting or at a subsequent meeting of the
City Council in City Hall.
Copies of specifications are on file at the office of the Purchasing
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 advantageous,
including alternates, to reject any or all bids, and to waive any in-
formality.
It is the intention of the City to pay all or any part of any contractual
obligation to be incurred for such purchase or purchases, including con-
tractual obligations for professional services in connection 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 $45,000.00,
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 provision 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 prices, 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: This ordinance shall take effect immediately upon its passage.
INTRODUCED, READ AND PASSED BY THE UNANIMOUS VOTE OF THE CITY COUNCIL ON THIS
THE jotH DAY OF mg-Rt.- H , A. D. 1981.
th DeShaw, City Secretary
APP7 D:
sco t Bo ndfri:y Attorney
62,9
ORRIS I. WALLER, Mayor