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Home My WebLink AboutRES 940524-CC - Intent Issue Tax & Rev CertsRESOLUTION DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF GEORGETOWN, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1994 ANTICIPATED NOT TO EXCEED $1,750,000 IN PRINCIPAL AMOUNT AND OTHER MATTERS RELATED THERETO THE STATE OF TEXAS § CITY OF GEORGETOWN § WHEREAS, the City Council (the "Council") of the City of Georgetown, Texas (the "City") finds that the payment in whole or in part of contractual obligations to be incurred for: (1) constructing improvements and acquiring right of way relating to the street, bridge and road system of the City, (2) constructing T hangars at the municipal airport, (3) g re s nd -.0-to' ssional e ces including legal, fiscal, architectural and engineering fees and other such costs in connection therewith (the "Contractual Obligations) would be beneficial to the inhabitants of the City and are needed to perform essential City functions; and 'r-MLI-Calus ) PTITSTara vo, Tile pro,11ST11-111TIFY ME CE-17111cato 111 w-0716ati"wil 271 *041 et seq., Local Government Code (the "Act") for the purpose of financing the Contractual Obligations'; and WHEREAS, prior to the issuance of the Certificates, the City is required under the Act to publish notice of its intention to issue the Certificates in a newspaper of general circulation in the City, the notice stating: (i) the time and place tentatively set for the passage of the ordinance authorizing the issuance of the Certificates, (ii) the maximum amount and purpose of the Certificates to be authorized, and (iii) the manner in which the Certificates will be paid; and WHEREAS, the meeting at which this Resolution is adopted was open to the public and public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code, as amended; and WHEREAS, the issuance of the Certificates implements Finance Policy 4 of the Century Plan - Policy Plan Element. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS. - 1. Attached hereto is a form of the Notice of Intention to issue the Certificates, the ® and substance of which is hereby adopted and approved. Ii' eMPROPER 11,11��ililli��l��ill GBORGEL PUBUCATABS V20194 notice to be published in substantially the form attached hereto, in a newspaper of general circulation in the City, on the same day in each of two consecutive weeks, the date of the first publication to be at least 14 days prior to the time set for the ordinance authorizing issuance of the Certificates as shown in the notice. 3. The City Council hereby finds that the issuance of the Certificates implements Finance Policy 4 of the Century Plan - Policy Plan Element, which states- "The City shall develop a strategy to provide sufficient financial resources, for both short term and long term needs", and Economic Development Policy which states "The City will encourage diversified growth and promote business opportunities to create jobs, broaden the tax base, and minimize the impact of economic fluctuation". and further finds that the enactment of this Resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. 4. This Resolution shall become effective immediately upon a option. e ayor rw• ji6, 9-:4-tixvi6ef # e-Rti@tntlk Kesolution is attached on behalf of the City and to do any and all things proper and necessary to carry out the intent of this Resolution. GEOROPI, PUBUCAT.M 51MM 2 WAAM .1 W It 1 0 1 THE STATE OF TEXAS § CITY OF GEORGETOWN § We, the undersigned officers of the City of Georgetown, Texas (the "City"), hereby certify as follows: 1. The City Council of the City (the "Council") convened in REGULAR MEETING *N THE 24TH DAY OF MAY, 1994, at the City Hall (the "Meeting"), and the roll was called of the duly constituted officers and members of the City, to wit: Leo Wood, Mayor George Arroyos, Councilmember District 1 Winfred Bonner, Councilmember District 2 Jane Voltz, Councilmember District 3 _Y_t44Q&-- Mwo, k;a�n&t,-Qr_ember District 4 Dick Vincent, Council Member, District 5 Doris Curl, Councilmember District 6 Ferd Torm, Councilmember District 7 and all of the persons were present, except the following absentees. thus constituting a quorum. Whereupon, among other business, the following was transacted at the Meeting: a written RESOLUTION DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF GEORGETOWN, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1994 ANTICIPATED NOT TO EXCEED $1,750,000 IN PRINCIPAL AMOUNT AND OTHER MATTERS RELATED THERETO was duly introduced for the consideration of the Council. It was then duly moved and it the adoption of the Resolution, prevailed and carried by the follo ng vote - AYES: 17 2. A true, full and correct copy of the Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that the Resolution has been duly recorded in the Council's minutes of the Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the Council's minutes of the Meeting pertaining to the adoption of the Resolution; that the persons named in the above OBOROOMWN: IN7OMMT5MM and foregoing paragraph are the duly chosen, qualified and acting officers and members of the Council as indicated therein; that each of the officers and members of the Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that the Resolution would be introduced and considered for adoption at the Meeting, and each of the officers and members consented, in advance, to the holding of the Meeting for such purpose; that the Meeting was open to the public and public notice of the time, place and purpose of the Meeting was given, all as required by Chapter 551, Texas Government Code. shall constitute �he signing of the attached and following copy of the Resolution for all purposes. SIGNED AND SEALED the -AU City Secretary City of Georgetown (SEAL) OBOROMWN: INTWfrZRTVXM May�r City of Georgetown JORT15 §� gel 01 :% V 101 OWN V ONUS W UOM A " W4114 V to 3 a 0 t ir and all debt service, reserve and other requirements 'in connection with all of the revenue bonds or other obligations (now or hereafter outstanding) which are payable from all or any part of the net revenues of the City's utility system. Leo'tVood, Mayor GBORGB : WMCILINTUA94 MEN]=