HomeMy WebLinkAboutRES 98-56 -X'- gg- -5-6
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,
park expansions, 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 $15,000,000 to be known as the "City of Beaumont,
Texas, Certificates of Obligation, Series 1998" (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 Secretary 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 Secretary, 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 :%tom _ day of March, 1998.
Mayor
THE CITY OF BEAUMONT,TEXAS
A ST:
, �.
City Secretary
THE CITY OF BEAUMONT,TEXAS
AW
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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 day of March, 1998, 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 1998, 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
$15,000,000, 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 qny part of the cost of
authorized street and drainage improvements, equipment purchases, park expansions,
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 day of
March, 1998.
/s/David W. Moore
Mayor
THE CITY OF BEAUMONT,TEXAS
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1\AUTUW0CFOX DOCUMDrTS\BOND%BEAUMONT CONT.OBLIG.199VAFSOLUTION AUTHORIZING PUBLICATION NOTICEDOC
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 de March, 1998, 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 1998, 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$15,000,000,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, del Distema
de Cloacas Sanitarias y el costo de servicios profesionales incurridos sobre esto mismo.
TESTIFICADO POR MI MANO Y POR EL SELLO OFICIAL DE ESTA CIUDAD, el
de March de 1998.
/s/ David W. Moore
Mayor
THE CITY OF BEAUMONT,TEXAS
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