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RESO 1987-13 - Water Development BondsRESOLUTION NO. 87 -13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, ENCOURAGING VOTER SUPPORT OF AMENDMENT NUMBER 23 - ADDITIONAL WATER DEVELOPMENT BONDS. WHEREAS the 1987 Texas Legislature enacted several laws as part of the "Build Texas" program; and WHEREAS there is a severe shortage of operating revenue at the state and local levels and a decreasing level of federal involvement in water projects; and WHEREAS amendment 23 to the Texas Constitution on the November 3 ballot would permit the Texas Water Development Board to issue $400 million in bonds to finance water supply projects, water quality projects, and flood control projects; and WHEREAS such bonds have assisted the City of Huntsville and other local governments and saved the taxpayers moneys; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, THAT: Section 1: The City Council encourages all voters of the City to vote for amendment number 23, the constitutional amendment to authorize the issuance of an additional $400 million of Texas Water Development Bonds for water supply, water quality, and flood control purposes, on the November 3rd ballot. Section 2: This resolution shall take effect immediately upon passage by City Council. PASSED AND APPROVED this 2'7117 day of Q _of,Er , 1987. THE CITY OF HUNTSVILLE By: ATTEST: h DeShaw, Ci y" ecretary APPROVED AS TA FOR : Scott Bounds, City Attorney Monday, Mayor