RESO 1994-09 - Authorize Statue ProjectRESOLUTION NO. 94-09
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 Government
Code, Subchapter C of Chapter 271, for the purpose of paying
contractual obligations to be incurred for (i) the construction of
a tourist and visitor's center honoring Sam Houston and the
history of the State of Texas, and (ii) professional services
rendered in relation to such project 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 a newspaper of general circulation in the City,
said notice stating (i) the time and place the Council tentatively
proposes to pass the ordinance authorizing the issuance of the
certificates, (ii) the maximum amount proposed to be issued, (iii)
the purposes for which the certificates are to be issued and (iv)
the manner in which the Council proposes to pay the certificates;
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 in the principal
amount not to exceed $500,000 for the purpose of paying
contractual obligations to be incurred for (i) the construction of
a tourist and visitor's center honoring Sam Houston and the
history of the State of Texas and (ii) professional services
rendered in relation to such project and the financing thereof,
such certificates to be payable from ad valorem taxes and a pledge
of a portion of the revenues derived from a hotel occupancy tax
levied by the City. 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.
0186006
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 July 26, 1994.
ATTEST:
ity Secretary, City o
Huntsville, Texas
(City Seal)
0186006
Mayor, City of ntsv
APPR
ED AS ORM :
Texas
Cit Attorney
-2-
EXI-11131 r 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 16th
day of August, 1994„ at its regular meeting place in 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 $500,000 for the purpose of paying
contractual obligations to be incurred for (i) the construction of
a tourist and visitor's center honoring Sam Houston and the
history of the State of Texas and (ii) professional services
rendered in relation to such project and the financing thereof,
such certificates to be payable from ad valorem taxes and a pledge
of a portion of the revenues derived from a hotel occupancy tax
levied by the City. The certificates are to be issued, and this
notice is given, under and pursuant to the provisions of V.T.C.A.,
Local Government Code, Subchapter C of Chapter 271.
Danna Welter
City Secretary, City of
Huntsville, Texas