Loading...
HomeMy WebLinkAboutRES 05.10.1976 - Certificate for Resolution Exercising Option PurchaseG9 CERTIFICATE FOR RESOLUTION EXERCISING OPTION PURCHASE THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in regular MEETING ON THE 10th DAY OF MAY, 1976, at the city Hall, and the roll was called of the duly constituted officers and members of the said City Council, to -wit: John Doerfler , J. D. Wininger D. W. Scott Carl Doering Harry Gold William Shell and all of said persons were present, except the tollowing absentees: None, thus constituting a quorum. Whereupon, among other business, the following was transacted as said Meeting: a written RESOLUTION EXERCISING OPTION TO PURCHASE was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of said Resolution, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye." NO ES: None. 2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been duly recorded insaid City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from City Council's minutes of said Meeting pertaining to the adoption of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally in advance, of the time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered for adoption at said Meeting, and each of said officers and members consented, in advance, to the holding of said Meeting for such purpose; that said Meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Resolution; that the Mayor and the City Secretary of said City have duly signed said Resolution; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED this the 10th day of May, 1976. C. W. L. Walden, City Secretary John C. Doerfler, Mayor RESOLUTION EXERCISING OPTION TO PURCHASE WHEREAS, the Brazos River Authority - City of Georgetown, Waste Disposal Contract, dated as of January 10, 1972, was duly executed; and WHEREAS, pursuant to said Contract the Brazos River Authority duly issued, sold, and delivered its Brazos River Authority - City of Georgetown, Waste Disposal Contract Revenue Bonds, Series 1972, in the original principal amount of $55,000.00; and WHEREAS, said bonds are subject to redemption prior to maturity, at the option of the Authority, on any date, for the price of par and accrued interest to date of redemption, provided written notice of such redemption is given to the Paying Agent for said Bonds, and the redemption price is deposited with said Paying Agent, prior to the date fixed for redemption; and : WHEREAS, Section 18 of the aforesaid Contract reserved to the City an option to purchase all of the Authority's right, title, and interest in and to the Sewage Project designated as WPC-TEX-703, which was the subject matter of said Contract; and WHEREAS, the consulting Engineers under said Contract have executed a Certificate to the effect that said Project has been completed and placed in operation, and that all payments under all construction and other contracts pertaining to the acquisition and con- struction of said project have been paid. IT IS THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN: Section 1. That the City hereby exercises its option and right to purchase, in one installment, oil of the Authority's right, title, and interest in and to said Project, for a price equal to the total amount required to redeem, retire, and cancel all of the afore- said outstanding bonds issued by the Authority, including the par or principal amount thereof, the accrued interest to date of redemption, and the Paying Agent's charges for redeeming said bonds, all in accordance with the aforesaid Contract. Section 2. That a certified copy of this Resolution shall be duly delivered to the General Manager of Brazos River Authority, and it is hereby requested that the Authority fix the date of redemption of the aforesaid bonds to be as soon as practicable, and that the City be notified of such date forthwith. Section 3. That prior to said date fixed for redemption, the City shall make the necessary redemption price available to the Authority in current and immediately useable funds, in such manner as will enable the Authority to use funds for redeeming said bonds on said date. Section 4. That the City requests, in accordance with the aforesaid Contract, that immediately after said bonds have been redeemed, the Authority shall duly execute a con- veyance conveying all of its right, title, and interest in and to the Project to the City. READ AND PASSED this the 10th day of May, 1976. G, John C. Doerfler, Mayor ATTEST: A RESOLUTION AUTHORIZING FILING OF AN APPLICATION FOR MATCHING FUNDS UNDER THE "701" PLANNING AND MANAGEMENT PROGRAM, AS AMENDED BY TITLE IV OF THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974. WHEREAS, the "701" Planning and Management Program, as amended by Title IV of the Housing and Community Development Act of 1974 makes grants available to local govern- ments to cover two-thirds (2/3) of the cost of approved planning and management activities and, WHEREAS, the Texas Department of Community Affairs is the State of Texas agency designated to approve applications for "701" Planning and Management Grant Funds and has issued an invitiation for the Mayor of the City of Georgetown, Texas to make such a request and, WHEREAS, the City of Georgetown, Texas has in past years used "701" Planning and Management Grant Funds to develop long range plans and programs. BE IT RESOLVED, therefore that the City of Georgetown, Texas is authorized to file an application for "701" Planning and Management Assistance in response to the invitation issued by the Texas Department of Community Affairs, and to indicate that local matching funds are available. PASSED THIS 8th DAY OF JUNE, 1976. ATTEST: 9 -90 ecretar - 7y Joe B. McMaster, City Attorney 5-tLc . 04411 - John C. Doerfler, Mayor