RESO 1998-16 - CO Street ImprovementsRESOLUTION NO. 98-16
A RESOLUTION approving and authorizing publication of notice of intention to issue
certificates of obligation.
WHEREAS, the City Council of the City of Huntsville, Texas, has determined that
certificates of obligation should be issued under and pursuant to the provisions of V.T.C.A., Local
Govemment Code, Subchapter C of Chapter 271 (the "Act"), for the purpose of paying contractual
obligations to be incurred for (i) street improvements, including the acquisition of land and rights-
of-way therefor and drainage incidental thereto and (ii) professional services rendered in relation
to such improvements and the financing thereof; and
WHEREAS, prior to the issuance of such certificates, the City Council is required to publish
notice of its intention to issue the same in accordance with the provisions of the Act; now,
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS:
SECTION 1: The City Secretary is hereby authorized and directed to cause notice to be
published of the Council's intention to issue certificates of obligation during a meeting scheduled
to begin at 5:30 P.M. on the 15th day of December, 1998, which certificates of obligation shall be
issued in a principal amount not to exceed $7,503,000, for the purpose of paying contractual
obligations to be incurred for (i) street improvements, including the acquisition of land and rights-
of-way therefor and drainage incidental thereto and (ii) professional services rendered in relation
to such improvements and the financing thereof, and shall be payable from ad valorem taxes and
net revenues derived from the operation of the City's combined Waterworks and Sewer System
in a limited amount and in a subordinate manner as provided in the aforesaid ordinance. The
notice hereby approved and authorized to be published shall read substantially in the form and
content of Exhibit A hereto attached and incorporated herein by reference as a part of this
resolution for all purposes.
SECTION 2: The City Secretary shall cause the aforesaid notice to be published in a
newspaper of general circulation in the City, once a week for two consecutive weeks, the date of
the first publication to be at least fifteen (15) days prior to the date stated therein for the passage
of the ordinance authorizing the issuance of the certificates of obligation.
PASSED AND ADOPTED, this November 17, 1998.
ATTEST:
Mayor, City of Huntsville, Texas
City Secre
(City Seal)
717713.1
, City Huntsville, Texas
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
HUNTSVILLE. TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Huntsville, Texas, shall convene at
5:30 o'clock P.M. on the 15th day of December, 1998, at the City Hall, 1212 Avenue M.
Huntsville, Texas, and, during such meeting, the City Council will consider the passage of an
ordinance authorizing the issuance of certificates of obligation in an amount not to exceed
$7;50 0,000 for the purpose of paying contractual obligations to be incurred for (i) street
improvements, including the acquisition of land and rights -of -way therefor and drainage
incidental thereto and (ii) professional services rendered in relation to such improvements and
the financing thereof; such certificates to be payable from ad valorem taxes and net revenues
of the City's combined Waterworks and Sewer System in a limited amount and in a subordinate
manner as provided in the aforesaid ordinance. The certificates are to be issued, and this notice
is given, under and pursuant to the provisions of V.T.C.A., Local Govemment Code, Subchapter
C of Chapter 271.
717713.1
Danna Welter
City Secretary, City of Huntsville, Texas