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HomeMy WebLinkAboutRES 06-333 Resolution 06-333 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, building improvements, renovations and repairs, park improvements and equipment purchases within the City (herein referred to as the"Project"),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$35,000,000 to be known as the"City of Beaumont,Texas, Certificates of Obligation, Series 2006"(hereinafter referred to as the "Certificates")to finance the Project 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 31st day of October, 0 . Mayor THE CITY OF BEAUMONT,TEXAS ATT City Clerk THE CITY OF BEAUMONT,TEXAS (SEAL) i 10+11' i 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 Beaumont City Hall, 801 Main Street, Beaumont,Texas, at 1:30 p.m., on the 5th day of December, 2006, which is the time and place tentatively set for the passage of an ordinance and to take such other action as may be deemed necessary to authorize the issuance of the City's Certificates of Obligation, Series 2005, in the maximum aggregate principal amount of$35,000,000, payable from the City ad valorem taxes and from a subordinate lien and limited pledge of certain net revenues of the City's water and sewer system, 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 to finance all or any part of the cost of the following projects:(i) authorized street and drainage improvements; (ii) Alice Keith Park playground renovations and acquisition of new park equipment, (iii) renovations, repairs and construction of new restrooms, field lighting and other improvements at the Athletic Complex, (iv) renovations and improvements to City Hall, (v) replacement of rooftop air handler system at City Hall, (vi) renovations, repairs, replacement, construction and equipping of new community center facilities, including Central Park Community Center, Alice Keith Park Community Center, Rogers Park Community Center and North End Park Community Center, and replacement and construction of new restroom facilities at SprottPark, and replacement of park spray devices (vii) demolition of public and commercial facilities, (viii) construction of a hike and bike recreational trail and parking facilities at the Drainage District 6 flood detention facility, (ix) construction and equipping of a new Downtown Event Center to replace the Harvest Club which will include an Event Center and a new park, lake,restroom and parking facilities, (x) construction of a new EMS Medic Station, (xi) repairs, renovations and improvements to existing Fire Station facilities, (xii) construction and equipping of a new Fire Fleet maintenance facility, (xiii)construction and equipping of a new Fire Fighting Administration Facility, (xiv) repairs and improvements o the Fleet parking lot, (xv) renovations, repairs and improvements to the JP Richardson Building, (xvi) repairs, renovations and improvements to Julie Rogers Theater, (xvii) replacement and construction and equipping of a surplus property storage facility, (xviii) replacement of carpet and furniture at the Main Library, (xix) construction of a new Martin Luther King, Jr. Park facility, (xx) renovations to the Municipal Court Building, (xxi) purchase of an existing building and renovations thereto and equipping thereof for use as a police department property and file storage building together, (xxii) construction of a new Public Health Department Building or purchase of an existing building and renovations thereto and equipping thereof for use as a Public Health Department Building, (xxiii) purchase of new public safety communications hardware and software, (xxiv)repairs,renovations and improvements to Riverfront Park, (xxv)repairs, renovations and improvements to Rogers Park, (xxvi) construction and equipping of a new Senior Center Facility), (xxvii) construction of an addition and improvements to the Tyrrell Historical Library, (xxviii) construction and equipping of a new Tyrell Park Community Building and (xxix) construction and equipping of a new visitor's center and office facility, and (xxx)the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,this 31 st day of October,2006. /s/Guy Goodson Mayor THE CITY OF BEAUMONT,TEXAS