RESO 2004-06 - Notice of intent to issue combination tax & revenue Certificates of Obligation for fire station & trucksRESOLUTION NO. 2004-06
RESOLUTION DIRECTING THE PUBLICATION
OF NOTICE OF INTENTION TO ISSUE
CITY OF HUNTSVILLE, TEXAS COMBINATION TAX
AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2004 AND OTHER MATTERS RELATED THERETO
THE STATE OF TEXAS §
COUNTY OF WALKER §
CITY OF HUNTSVILLE §
WHEREAS, the City Council (the "Council") of the City of Huntsville, Texas (the "City")
finds that the payment in whole or in part of contractual obligations incurred or to be incurred for
public improvements within the City, to-wit: (1) constructing and equipping a new fire station, (2)
renovating, improving and equipping existing fire stations, (3) purchasing fire equipment and trucks
and (4) the payment of professional services in connection therewith including legal, fiscal,
construction management and engineering fees and the costs of issuance in connection with the
Certificates described below (the "Contractual Obligations") would be beneficial to the inhabitants
of the City and are needed to perform essential City functions; and
WHEREAS, the Council has deemed it advisable to give notice of intention to issue
certificates of obligation in a maximum principal amount not to exceed $1,200,000 (the
"Certificates") pursuant to the provisions of the Certificate of Obligation Act of 1971, Section
271.041 et seq., Local Government Code (the "Act") for the purpose of financing the Contractual
Obligations; and
WHEREAS, prior to the issuance of the Certificates, the City is required under the Act to
publish notice of its intention to issue the Certificates once a week for two consecutive weeks in a
newspaper of general circulation in the City with the first publication to be at least 14 days before
the date tentatively set for passage of the Ordinance authorizing the Certificates, the notice stating:
(i) the time and place tentatively set for the passage of the ordinance authorizing the issuance of the
Certificates, (ii) the maximum amount and purpose of the Certificates to be authorized, and (iii) the
manner in which the Certificates will be paid; and
WHEREAS, the meeting at which this Resolution is adopted was open to the public and
public notice of the time, place and purpose of the meeting was given, all as required by Chapter
551, Texas Government Code, as amended.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS:
1. Attached hereto as Exhibit "A" is a form of the Notice of Intention to issue the
Certificates, the form and substance of which is hereby adopted and approved.
2. The City Secretary or other authorized representatives of the City, shall cause the notice
to be published in substantially the form attached hereto, in a newspaper of general circulation in
HUNTSVILLE/CO2004: NOTICE.RES
the City, once a week on the same day in each of two consecutive weeks, the date of the first
publication to be at least 14 days prior to the time set for the ordinance authorizing issuance of the
Certificates as shown in the notice.
3. This Resolution shall become effective immediately upon adoption. The Mayor and City
Secretary are hereby authorized and directed to execute the certificate to which this Resolution is
attached on behalf of the City and to do any and all things proper and necessary to carry out the
intent of this Resolution.
HUNTSVILLE/CO2004: NOTICE.RES
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EXHIBIT "A"
NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of
Huntsville, Texas, to issue interest bearing certificates of obligation of the City entitled "City of
Huntsville, Texas Combination Tax and Revenue Certificates of Obligation, Series 2004," for the
purpose of paying contractual obligations incurred or to be incurred by the City for public
improvements within the City, to -wit: (1) constructing and equipping a new fire station, (2)
renovating, improving and equipping existing fire stations, (3) purchasing fire equipment and trucks
and (4) the payment of professional services in connection therewith including legal, fiscal,
construction management and engineering fees and the costs of issuance in connection with the
Certificates. The City Council tentatively proposes to authorize the issuance of such Certificates
of Obligation at its regular meeting place in the City Council Chambers, Huntsville City Hall, 1212
Avenue M, Huntsville, Texas 77340, at a meeting to commence at 6:00 p.m., on the 23rd day of
March, 2004. The maximum amount of Certificates of Obligation that may be authorized for such
purpose is $1,200,000. The City Council presently proposes to provide for the payment of such
Certificates of Obligation from the levy of ad valorem taxes and from a limited pledge (not to exceed
$1,000) of surplus revenues derived from the operation of the City's combined waterworks and
sewer system.
CITY OF HUNTSVILLE, TEXAS
/s/ Karl Davidson
Mayor
HUNTSVILLE/CO2004: NOTICE.RES
PASSED AND APPROVED on this the 17th day of February 2004.
anna Welter, City Secretary
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Karl vidson, M yor