HomeMy WebLinkAbout020874 ORD - 02/13/1990AN ORDINANCE
BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION, SERIES 1990; AND ORDAINING OTHER
MATTERS RELATING TO THE SUBJECT; AND DECLARING AN EMERGENCY.
WHEREAS, it is hereby officially found and determined that a
case of emergency or urgent public necessity exists which requires the
holding of the meeting at which this ordinance is passed, such
emergency or urgent public necessity being that the publication of
Notice of Intention to Issue Certificates of Obligation to provide
proceeds for the construction of necessary and urgently needed public
improvements is required as soon as possible and without delay for the
immediate and efficient utilization of physical resources in the city
and for the efficient and effective administration of the City's
affairs; and 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. Art. 6252-17, as amended.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS
SECTION 1. That attached hereto and marked "Exhibit A" is a
form of notice, the form and substance of which are hereby passed and
approved.
SECTION 2. That the City Manager shall cause said notice to
be published, in substantially the form attached hereto, in the Corpus
Christi Caller -Times, a newspaper of general circulation in the City
of Corpus Christi, Texas, for two consecutive weeks, the date of the
first publication to be before the fourteenth day before the day
tentatively proposed for authorizing the issuance of the Certificates
of Obligation as shown in said notice.
SECTION 3. The fact that the contemplated construction of
public improvements is necessary for the orderly development and
growth of the City of Corpus Christi, Texas, creates a public
emergency and an imperative public necessity requiring the suspension
of the Charter rule providing that no ordinance shall be passed
finally on the date it is introduced and that such ordinance shall be
considered and voted upon at three regular meetings of the City
Council, and the Mayor having declared that such public emergency and
imperative necessity exist for the immediate and efficient utilization
of physical resources in the city and for the efficient and effective
administration of the City's affairs, and having requested that said
Charter Rule be suspended and that this Ordinance take effect and be
in full force and effect from and after its passage, it is accordingly
so ordained.
\ORD-RES\90006
MICROFILMED
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that it is the intention of the City
Council of the City of Corpus Christi, Texas, to issue the
interest-bearing certificates of obligation of the City entitled "City
of Corpus Christi, Texas Combination Tax and Revenue Certificates of
Obligation, Series 1990," for the purpose of paying contractual
obligations to be incurred by the City, to -wit, improvements and
expansion of the City's existing landfills, improvements and
extensions to the City's sanitary sewer system and the payment of
fiscal, engineering and legal fees incurred in connection therewith.
The City Council tentatively proposes to authorize the issuance of
said Certificates of Obligation at its regular meeting place in the
City Hall at a meeting to commence at 2 o'clock, p.m., on the 13th day
of March, 1990. The maximum amount of Certificates of Obligation
indebtedness that may be authorized for such purpose is $1,920,000.
The City Council presently proposes to provide for payment of such
Certificates of Obligation from the levy of ad valorem taxes and from
surplus revenues derived from the operation of the City's solid waste
system.
CITY Oy CORPUS CHRISTI, TEXAS
MAYOR
\ORD-RES\90006
SECTION 4. That all ordinances and resolutions or parts
thereof in conflict herewith are hereby repealed.
PASSED AND APPROVED this the day of Cis- (tkjI( t�
1990.
Armando Chapa, City Sec 'tart'
NAYOH
THE CITY OF CORPUS CHRISTI,
The foregoing Ordina ce was approv p for to passage as to
form and correctness this the � �f' day of , 1990.
/Aid rm. Ate
City Attorney
ORD-RES\90006
Corpus Christi, Texas
day of \-2,":
, 19
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing
ordinance an emergency exists requiring suspension of the Charter rule
as to consideration and voting upon ordinances at three regular
meetings; I/we, therefore, request that you suspend said Charter rule
and pass this ordinance finally on the date it is introduced, or at
the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
i
MAYOR
THE CITY OF CORPUS CHRISTI
The above ordinance was passed by the following vote:
Betty N. Turner
Cezar Galindo
Leo Guerrero t L ((CA k J
Tom Hunt
Edward A. Martin
Joe McComb
Clif Moss
Mary Rhodes
Frank Schwing, Jr.
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