HomeMy WebLinkAboutRES 99-113 Y�- 99-//3
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS §
COUNTY OF JEFFERSON §
THE CITY OF BEAUMONT §
WHEREAS, The City of Beaumont, Texas (herein referred to as the "City"),
acting through its governing body (hereinafter referred to as the "City Council"), is
authorized to issue certificates of obligation to pay contractual obligations to be incurred
in connection with authorized street and drainage improvements, equipment purchases,
building renovations and improvements, and other building and capital improvement
projects within the City (herein referred to as the "Projects"), and for professional services
rendered in connection therewith pursuant to Texas Local Government Code Sections
271.041 - 271.064, as amended; and
WHEREAS, the City Council of the City has determined that it is in the best
interest of the City and otherwise is desirable to issue a series of certificates of obligation
in a principal amount not to exceed $20,000,000 to be known as the "City of Beaumont,
Texas, Certificates of Obligation, Series 1999" (hereinafter referred to as the
"Certificates") to finance the Projects and to pay for professional services rendered in
connection therewith; and
WHEREAS, in connection with the issuance of the Certificates, the City Council
intends to publish notice of the intent of the City to issue the Certificates in accordance
with the requirements of the Texas Local Government Code Section 271.049, as
amended; and
WHEREAS, the City Council has been presented with and has examined the
proposed form of notice to be published and finds that the form and substance thereof are
satisfactory and that the recitals and findings contained therein are true, correct and
complete;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF BEAUMONT,TEXAS:
Section 1. The facts and recitations contained in the preamble of this resolution
are hereby found and declared to be true and correct.
Section 2. The City Council hereby approves the form of the Notice of Intention to
Issue Certificates of Obligation presented to the City Council in substantially the form
attached hereto as Exhibit "A" and incorporated herein by reference (the "Notice"). The
City Council hereby authorizes the Mayor or any other member of the City Council or any
other official of the City to execute and deliver the Notice on behalf of the City, with such
changes therein and additions thereto as the person executing same may approve, such
approval to be conclusively evidenced by such execution thereof. The City Council
hereby authorizes and directs the Mayor, the City Clerk or any other official of the City to
cause the Notice to be published in the manner required by law in a newspaper of
general circulation in the City.
Section 3. The Notice set forth in Exhibit"A" attached hereto shall be published in
both English and Spanish once a week for two (2) consecutive weeks in a newspaper
which is of general circulation in the City, the date of the first publication to be not less
than fourteen (14) days prior to the date tentatively set in the Notice for the passage of
the ordinance authorizing the issuance of such Certificates of Obligation.
Section 4. The Mayor, the City Clerk, and other officials of the City are hereby
authorized and directed to do any and all things necessary or desirable to carry out the
provisions of this resolution.
Section 5. This resolution shall take effect immediately upon its passage.
Section 6. It is officially found, determined and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place and
subject matter of the public business to be considered at such meeting, including this
Resolution, was given, all as required by the Texas Government Code Chapter 551, as
amended.
PASSED AND APPROVED this 6th day of April, 1999.
Mayor
THE CITY OF BEAUMONT,TEXAS
ATTEST:
City Clerk
THE CITY OF BEAUMONT,TEXAS
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EXHIBIT"A"
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of The City of Beaumont, Texas
(the "City"),will meet in the City Hall, 801 Main Street, Beaumont,Texas, at 1:30 p.m., on
the 27th day of April, 1999, to adopt an ordinance and take such other action as may be
deemed necessary to authorize the issuance of the City's Certificates of Obligation,
Series 1999, payable from the City ad valorem taxes and from certain revenues of the
City's water and sewer system, in the maximum aggregate principal amount of
$20,000,000, bearing interest at a rate or rates, not in excess of that prescribed by law,
and maturing over a period of years not to exceed forty (40) years from the date thereof,
for the purpose of evidencing the indebtedness of the City for all or any part of the cost of
authorized street and drainage improvements,equipment purchases,building renovations
and improvements and other building and capital improvement projects within the City,
and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 6th day of
April, 1999.
/s/ David W. Moore
Mayor
THE CITY OF BEAUMONT,TEXAS
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AVISO DE INTENCION PARA LA EMISION DE CERTIFICADOS DE OBLIGACION
Se notifica por el presente que el Cabildo Municipal de la Ciudad de Beaumont,
Texas a la 1:30 p.m. del 27 de April, 1999, considerara el paso de una ordenanza y la
toma de tal accion como sea considerado necesario, para autorizar la emision de los
Certificados Municipales de Obligacion, Series 1999, pagaderos de los impuestos
municipales de valor adicional y de algunos reditos del Sistema de Abastecimiento de
Aguas y Alcantarillas,en una cantidad a no exceder$20,000,000,con interes pagadero a
una tasa o tasas a no exceder a la prescrita por estatutos civiles de Texas, segun
enmendado,con vencimiento en serie sobre un periodo no mayor de cuarenta(40) anos,
con el proposito de evidenciar el endeudamiento de la ciudad por el costo y por la
adquisicion, construccion Y renovacion Y del sobre toda propiedad imponible y el costo
de servicios profesionales incurridos sobre esto mismo.
TESTIFICADO POR MI MANO Y POR EL SELLO OFICIAL DE ESTA CIUDAD, el
6th de April de 1999.
/s/ David W. Moore
Mayor
THE CITY OF BEAUMONT,TEXAS
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