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ORD 1998-34 - C.O. For 1998 Or Newer Diesel 11-17-1998ORDINANCE NO. 98 -34 AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION FOR ONE NEW AND UNUSED 1998 OR NEWER DIESEL, MEDIUM DUTY TRUCK CAB AND CHASSIS; AND MAKING VARIOUS PROVISIONS RELATED THERETO. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, that: SECTION 1: The City Manager 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 CERTIFICATE OF OBLIGATION BID NO. 99 -8 NOTICE IS HEREBY GIVEN tbat the City of Huntsville, Texas, is accepting bids for the purchase of one (1) new and unused 1998 or newer diesel, medium duty truck cab & chassis which will be used in the Sanitation Division for container maintenance. Bids will be accepted until 2.00p.m., Monday, December 7,1998, in the City Secretary's Office located at 1212 Avenue M, Huntsville, Texas. Bids will be opened in the council chambers, also located at 1212 Avenue M, beginning at 2:00 p. m. Ybe City Council tentatively proposes to let a contract forsuch purpose and to authorize issuance of a Certificate of Obligation, in accordance with the terms andprovisions of tbis notice, at its December 15, 1998, 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 at City Hall at 1212 Avenue M. 7be City reserves the right to accept any bid deemed most advantageous, including alternates, to reject any or all bids, and to waive any informality. It is the intention of the City to pay all or any part of any contractual obligation to be incurred forsuch purcbase by the issuance of a Certificate of Obligation of the City pursuant to Texas Local Government Code Chapter 271 and payable from City ad valorem taxes, in the maximum aggregate principal amount of $40,000, bearing interest at a rate not in excess of that prescribed by Texas Revised Civil Statutes Article 717k -2, and maturing over a period of years not to exceed 20 years from the date thereof. 7be successful bidder will be required to accept the Certificate 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 the Certificate of Obligation and each bidder is required to elect whether the contractor will accept the Certificate in payment of all or a part of the contract price, or assign the Certificate in accordance with such arrangements. To be published November 22 and 29, 1998. SECTION 2: The notice set forth in Section 1 shall be published once a week for two (2) consecutive weeks in the Huntsville Item, 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 the notice for the receipt and opening of bids by the City. SECTION 3: This ordinance shall take effect and be in full force and effect immediately after its passage. PASSED AND APPROVED this 17th day of November, 1998. THE CITY OF HUNTSVILLE, TEXAS William B. Green, Mayor ATTES Danna Welter, City Secretary