HomeMy WebLinkAboutRES 950425-LCITY OF GEORGETOWN, TEXAS
NOTICE OF INTENTION TO ISSUE UTILITY SYSTEM REVENUE BONDS,
SE RIES 1995, IN THE PRINCIPAL AMOUNT NOT TO EXCEED $5,200,000
Notice is hereby given in accordance with Article 2368a, V.A.T.C.S. that the City Council
of the City of Georgetown, Texas, intends to pass at a Regular Meeting to be held at 7:00 p.m.
on May 23, 1995, at City Hall, Georgetown, Texas, an Ordinance authorizing the issuance, sale
and delivery of an issue of bonds to be designated as "City of Georgetown, Texas Utility System
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Revenue Bonds, Series 1995," in the maximum principal amount not to exceed $5,200,000, to
be payable from, together with other revenue bonds, and secured by a first lien on and pledge of
the Net Revenues of the City's Utility System, all as will be further described, defined and
provided in the aforesaid Ordinance. Said bonds will bear interest from their date at a maximum
rate not to exceed 15% per annum, being the maximum permitted by Article 717k-2, V.A.T.C.S.,
and will be scheduled to mature serially within a maximum of not to exceed 40 years from their
date, and will be subject to redemption prior to maturity, and will have such other and further
characteristics as will be provided in the aforesaid Ordinance. Said bonds will be authorized,
issued, sold and delivered pursuant to Articles 1111 through 1118, V.A.T.C.S., and other
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applicable laws, for the purpose of paying in whole or in part contractual obligations incurred for
improvements and extensions to the City's combined electric, water and sewer system including
(1) reimbursing the City for acquisition of the Berry Creek Water and Wastewater System, (ii)
certain improvements necessary to provide water and wastewater service to the Sun City
Georgetown Project and (iii) payment of any costs of issuance.
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ctio n- k1o, 41
CERTIFICATE, FORRE, SOLUTION
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 ON
THE 25TH DAY OF APRIL, 1995, 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 I
?D
Winfred Bonner - Councilmember District 2
Jane Voltz - Councilmember District 3
Mike McMaster - Councilmember District 4
Dick Vincent - Councilmember District 5
Doris Curl - Councilmember District 6
Ferd Torn - Councilmember District 7
and all of the persons were present, except the following absentees: K,0.xLe- , thus
constituting a quorum. Whereupon, among other business, the following was transacted at the
tl 1-�
meeting.: a written
0119360F.My K9129
was duly introduced for the consideration of the Council. It was then duly moved and seconded
that the Resolution be adopted; and, after due discussion, the motion carrying with it the adoption
of the Resolution, prevailed and carried by the following vote -
C,
AYES:
NOES: 0
2. A true, full and correct copy of the aforesaid Resolution passed 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 passage of the Resolution; that the persons named in the above and foregoing
GEORGETOWN/UTILITY: N0T1C1!.CRT4/14195We.5., c -L
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 passage 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 ChapterGovernment Code, as
amended.
SIGNED AND SEALED this z�-'-"' z
City Secretary
(SEAL)
'50( -
GP.ORf,I!TOWNIUTILrrY:NO*nCE.(-'RT4014193 I?e-,5,, 4�'/ Xa 6�
RESOLUTION DIRECTING THE PUBLICATION
OF NOTICE OF INTENTION TO ISSUE
CITY OF GE ORGETOWNI, TEXAS UTILITY SYSTEM RE, VENUE BONDS,
SERE EiS 1995 AND OTHER MATTERS RELATED THERE TO
THE STATE OF TE XAS §
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
improvements and extensions to the City's combined electric, water and sewer system including
(1) reimbursing the City for acquisition of the Berry Creek Water and Wasterwater System, (ii)
certain improvements necessary to provide Water and Wastewater Service to the Sun City
Georgetown Project and (iii) payment of any costs of issuance (the "Improvements") would be
beneficial to the inhabitants of the City and are needed to perform essential City functions; and
'WHEREAS, the Council has deemed it advisable to give notice of intention to issue utility
system revenue bonds in a maximum principal amount not to exceed $5,200,000 (the "Bonds")
pursuant to the provisions of Article 1111-1118 Vernon's Annotated Texas Civil Statutes, as
amended for the purpose of financing the Improvements; and
Z:)
WHEREAS, prior to the issuance of the Bonds, the City is required under Article 2368a
and Chapter 252, Local Government Code to publish notice of its intention to issue the Bonds in
a newspaper of general circulation in the City; 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
WHERE AS, the issuance of the Bonds implements Finance Policy 4 of the Century Plan -
Policy Plan Element.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 01
GEORGETOWN, TEXAS:
1. Attached hereto is a form of the Notice of Intention to issue the Bonds, the form and
substance of which is hereby adopted and approved.
2. The City Secretary or other authorized representatives of the City, shall cause the
notice to be published in substantially the form attached hereto, in a newspaper of general
circulation in the City, for 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 Bonds as shown in the
notice.
3. The City Council hereby finds that the issuance of the Bonds implements Finance
GEORGIRUTILM: PUBUCAT.RES 411403 -Te�5, L
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 adoption. The Mayor and
City Secretary are hereby authorized and directed to execute the certificate to which this
Resolution 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.
GHORGE/UTILITY: PUBLICATAES 4114195 We -5. 2
RESOLVED this 25th day of April, 1995.
ATTEST:
I I
Sandra -D -
City Secretary
Marianne Landers Banks
City Attorney
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THE CITN7 OF, GEOR rAE"TOWN
By: tEO WOOD
Mayor