RESO 2000-30 - Tax-Revenue CertificateRESOLUTION NO. 2000-30
RESOLUTION DIRECTING THE PUBLICATION
OF NOTICE OF INTENTION TO ISSUE
CITY OF HUNTSVH ,LE, TEXAS COMBINATION TAX
AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2000; APPROVING A PRELIMINARY OFFICIAL STA'I EMENT;
AUTHORIZING DISTRIBUTION OF SUCH PRELIMINARY
OFFICIAL STATEMENT 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 street, drainage and sidewalk improvements within
the City including the purchase of any necessary right -of -way and other related costs and (2) the payment
of professional services in connection therewith including legal, fiscal, 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 $5,000,000 (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, a substantially final draft of the Preliminary Official Statement in connection with the
issuance of the Certificates has been presented to the Council; 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.
HUNTSVILLE/CO2000E NOTICE.RES
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 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. The City hereby approves the Preliminary Official Statement substantially in the form attached
hereto as Exhibit "13" with such changes, additions or deletions as directed by the City. The City's Financial
Advisor is hereby authorized to distribute the Preliminary Official Statement to potential purchasers and to
do all things necessary to market the Certificates including making application to the various rating agencies
and bond insurance companies.
4. 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/CO2000: NOTICE.RES
2
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 2000," 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 street, drainage and sidewalk improvements within the City including the purchase of
any necessary right-of-way and other related costs and (2) the payment of professional services in
connection therewith including legal, fiscal, 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 1:00 p.m., on the 20th day of November, 2000.
The maximum amount of Certificates of Obligation that may be authorized for such purpose is $5,000,000.
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 of surplus revenues derived from the operation of the
City's combined waterworks and sewer system.
CITY OF IIUNSTVILLE, TEXAS
/s/ William B. Green
Mayor
HUNTSVILLE/CO2000: NOTICE.RES
HUNTSVILLE/CO2000: NOTICE.RES
EXHIBIT "B"
Preliminary Official Statement
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SIGNED AND SEALED the Plkki Oc 0-6
2.00 o
City Secretary
HUNTSVILLE/CO2000: NOTICERES.CRT
Mayor
CERTIFICATE FOR RESOLUTION NO. 2000-30
THE STATE OF TEXAS
COUNTY OF WALKER
CITY OF HUNTSVILLE
We, the undersigned officers and members of the City of Huntsville, Texas (the "City"), hereby
certify as follows:
1. The City Council of the City convened in a REGULAR MEETING ON THE 24TH DAY
OF OCTOBER, 2000, at the City Council Chambers, Huntsville City Hall (the "Meeting "), and the roll was
called of the duly constituted officers and members of the City, to -wit:
William B. Green - Mayor
JoAnn Thomas Castille - Mayor Pro -Tem, Ward 3
Mark E. Erb - Ward 1
Dave Luning - Ward 2
Ralph Davis - Ward 4
Steed Smith - Position 1 at Large
Marjorie Rex - Position 2 at Large
Vance Howard - Position 3 at Large
David Martinez - Position 4 at Large
Danna Welter - City Secretary
and all of the persons were present, except the following absentees: Mark E. Erb, thus constituting a
quorum. Whereupon, among other business, the following was transacted at the Meeting: a written
RESOLUTION DIRECTING THE PUBLICATION
OF NOTICE OF INTENTION TO ISSUE
CITY OF HUNTSVILLE, TEXAS COMBINATION TAX
AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2000; APPROVING A PRELIMINARY OFFICIAL STATEMENT;
AUTHORIZING DISTRIBUTION OF SUCH PRELIMINARY
OFFICIAL STATEMENT AND OTHER MATTERS RELATED THERETO
was duly introduced for the consideration of the City Council. It was then duly moved and seconded that
the Resolution be passed; and, after due discussion, said motion carrying with it the passage of the
Resolution, prevailed and carried by the following vote:
AYES: 8
NOES: 0
UUNTSVILLE/CO2000. NOTICERES.CRT
2. A true, full and correct copy of the Resolution passed at the Meeting described in the
above and foregoing paragraph is attached to and follows this Certificate; that the Resolution has been duly
recorded in the City Council's minutes of the Meeting; that the above and foregoing paragraph is a true,
full and correct excerpt from the City Council's minutes of the Meeting pertaining to the passage of the
Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and
acting officers and members of the City Council as indicated therein; that each of the officers and members
of the City Council was duly and sufficiently notified officially and personally, in advance, of the time, place
and purpose of the Meeting, and that the Resolution would be introduced and considered for passage at
the Meeting, and each of the officers and members consented, in advance, to the holding of the Meeting
for such purpose, and that the Meeting 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, Government Code, as amended.
3. The Mayor of the City has approved and hereby approves the Resolution; that the Mayor
and the City Secretary of the City have duly signed the Resolution; and that the Mayor and the City
Secretary of the City hereby declare that their signing of this Certificate shall constitute the signing of the
attached and following copy of the Resolution for all purposes.
HUNTSVILLE/CO2000: NOTICERES.CRT
SIGNED AND SEALED the
o'ZS 06/the.{) 2oo0
HUNTSVILLE/CO2000: NOTICERES.CRT
Mayor