Resolution 89-12-12-89-01
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A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
WHEREAS, the City Council of the City of Wylie, Texas,
has determined that certificates of obligation should be issued
under and pursuant to the provisions of V.T.e.A., Local
Government Code, Subchapter C of Chapter 271, for the purpose
of (1) paying contractual obligations to be incurred for the
construction of public works, to wit: (i) improvements and
extensions to the City's combined Waterworks and Sanitary Sewer
System, including the installation of sewer interceptor lines
and related facilities, (ii) capping the City's landfill to
conform to the State's requirements, and (iii) construct and/or
acquire an animal control shelter, (2) purchasing and acquiring
a building for the City's utility department, including the
acquisition of land, and (3) paying contracts for professional
services; and
WHEREAS, prior to the issuance of such certificates, the
City Council is required to publish notice of its intention to
issue the same in a newspaper of general circulation in the
City, said notice stating (i) the time and place the Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certif icates, (i i) the maximum amount proposed
to be issued, (iii) the purposes for which the certificates are
to be issued and (iv) the manner in which the Council proposes
to pay the certificates; now, therefore,
TEXAS:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
SECTION 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of the Council's
intent ion to issue cert if ica tes of obI ig a tion in the principa I
amount not to exceed $3,500,000 for the purpose of (1) paying
contractual obligations to be incurred for the construction of
public works, to wi t: (i) improvements and extensions to the
City's combined Waterworks and Sanitary Sewer System, including
the installation of sewer interceptor lines and related
facilities, (ii) capping the City's landfill to conform to the
State's requirements, and (iii) construct and/or acquire an
anima 1 cont ro I she Iter, (2) purchas ing and acqui ring a bui lding
for the City's utility department, including the acquisition of
land, and (3) paying contracts for professional services, such
certificates to be payable from ad valorem taxes and a limited
pledge of the net revenues of the Ci ty' s combined Waterworks
and Sanitary Sewer System. The notice hereby approved and
authorized to be published shall read substantially in the form
and content of Exhibit A hereto attached and incorporated
herein by reference as a part of this resolution for all
purposes.
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SECTION 2: That the City Secretary shall cause the
aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive weeks,
the date of the first publication to be at least fifteen (15)
days prior to the date stated therein for the passage of the
ordinance authorizing the issuance of the certificates of
obligation.
PASSED AND ADOPTED, this the
Mayor, City of Wylie, Texas
(City Seal)
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