ORD 1991-30- C.O. For An 8 Yd. Diesel Powered Dump Truck 11-12-1991ORDINANCE NO. 91-30
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS AND
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION FOR AN 8
YARD DIESEL POWERED DUMP TRUCK; 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 CERTIFICATES OF OBLIGATION FOR AN
8 YARD DIESEL POWERED DUMP TRUCK
BID NO. 92-7
NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now accepting sealed
bids for a new and unused 8 yard diesel powered dump truck. Bids will be received until
10:30 a.m., Friday, December 3, 1991, in the City of Huntsville Council Chambers, 1212
Avenue M. The City Council tentatively proposes to purchase a dump truck and to
authorize issuance of Certificates of Obligation, in accordance with the terms and provisions
of this notice, at its December 10, 1991, 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 of the City at the City Service Center, 80 Highway 75 North. The
City reserves the right to accept any bid deemed most advantageous, including alternates,
to reject any or all bids, and to waive any informality in any bid.
It is the intention of the City to pay all or any part of any contractual obligation to be
incurred for such purchase by the issuance of Certificates of Obligation of the City under
Texas Local Government Code Chapter 271 and payable from City ad valorem taxes, in the
maximum aggregate principal amount of $38,000.00, 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.
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 provisions for each
contractor to sell and assign such Certificates of Obligation and each bidder is required to
elect whether he will accept such Certificates in payment of all or a part of the contract
price, 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 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 I day of , 1991.
ATTEST:
DJ144.k.,,) W1,61,11,u
City Secretary
APPROVED AS TO FORM:
Scott Bounds, City Attorney
(oD
THE CITY OF HUNTSVILLE, TEXAS