Loading...
HomeMy WebLinkAboutRES 08-161 RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION RESOLUTION NO. 08-161 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 capital improvements and equipment purchases within the City (herein referred to as the "Project"), as more particularly described in the notice attached hereto as Exhibit "A", 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 $30,000,000 to be known as the "City of Beaumont, Texas, Certificates of Obligation, Series 2008" (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 thirty(30) 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 27th day of May, 2008. 4� * .1 A&e� Mayor THE CITY O B AUMONT, TEXAS & UAWA TEST: City Clerk THE CITY OF BEAUMONT, TEXAS (SEAL) air i�I� y,1�1 -2- 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 1st day of July, 2008, 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 2008, in the maximum aggregate principal amount of$30,000,000, 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, with projects will be financed in such order of priority as determined by the City Council: (1) Alice Keith Park improvements, including new Community Center, playground, restrooms, expanded parking and Police Sub-Station, (2) Athletic Complex improvements, including new restrooms, new scorekeeper structures,and new covers for spectator areas and dugouts, (3) improvements at the Athletic Complex Tennis Center, including new tennis courts, jogging trail, new tennis pavilion and clubhouse, lighting, additional parking, landscaping, picnic tables, bleachers and fencing, (4) renovations and building improvements to Beaumont City Hall, (5) renovations and building improvements to Beaumont Civic Center, including kitchen renovations, new warehouse, dock and ticket center renovations, (6) expansion of and improvements to the City's Communications Building, (7) construction of a new Downtown Event Center and Lake Park, including construction of a lake, walking trails, lighting, parking, bathrooms and picnic areas, and construction of a new Event Center to replace the Harvest Club, (8) construction of a downtown waterway and amenities, including a waterway, sidewalks, lighting, fountains, benches and landscaping, (9) construction of a new EMS Station No. 2 and warehouse facility, (10) relocation and consolidation of Fire Stations No. I and 7 and construction of a new fire station, administrative offices and training library, construction of a new Fire Station No. 11, and relocation and construction of a new Fire Station No. 2, (11) construction of a new Fleet Fire Maintenance Facility, (12) improvements to the Fleet Service Center facility, including new and expanded parking and drainage improvements, (13) construction of City hike and bike trails between Delaware and Folsom Roads, (14) improvements at the Municipal Airport, including upgrades to runways and taxiways, drainage improvements and construction of new aviation hangers, (15) renovations and improvements to the Police Department Property Building, (16) replacement of the Police Department Building chilled water air conditioning system, (17) construction of a new Public Health Complex, (18) acquisition of land within the City to be used for future capital improvement projects and demolition of dilapidated structures that exist on such land, (19) improvements at Riverfront Park, including erosion stabilization improvements, new lighting and renovations to restrooms, (20) construction of a new Senior Center Facility to replace the Best Years Center, (21) construction of a new Transportation Operations Shop, (22) additions and improvements to the Tyrrell Historical Library, (23) improvements at Tyrrell Park, including refurbishing the existing recreation building into a new community center, construction of new shelters and restrooms, (24) authorized street and drainage improvements throughout the City, and (25) the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,this 27th day of May, 2008. /s/Becky Ames Mayor THE CITY OF BEAUMONT, TEXAS —4—