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HomeMy WebLinkAbout18833 RES - 05/16/1985THE STATE OF TEXAS COUNTY OF NUECES • CITY OF CORPUS CHRISTI : On this the 16th day of May, 1985, the City Council of the City of Corpus Christi, Texas convened in Special Meeting, with the following members of said Council present, to -wit: Luther Jones, Dr. Jack Best, Frank Mendez, David Berlanga, Sr., Leo Guerrero, Linda Strong, Joe McComb, Bill Pruet, Mary Pat Slavik, Edward A. Martin, J. Bruce Aycock, Juan Garza, Armando Chapa, Mayor, Mayor Pro -Tem, Councilmembers, City Manager, City Attorney, Director of Finance, City Secretary, with the following absent: NONE constituting a quorum, at which time the following among other business was transacted: City Nhnager Edward Martin presented for the consideration 05 770 Council a resolution. The resolution was read by the City Secretary The Mayor presented to the Council a communica- tion in writIng pertaining to said proposed resolution, as 'follows: "Corpus Christi, Texas May 16, 1985 °TO THE CITY COUNCIL Corpus Christi, Texas Gentlemen: "The public Importance and pressing need for the issuance of refunding bonds for refunding of the City's Waterworks Revenue Bonds to facilitate further financing for permanent improvements creates an emergency and an iMpera- tive public necessity,requiring the suspension of rules and Charter provisions requiring resolutions to be considered and voted upon at three regular meetings. I, therefore, erm=rIncrnettrnif =ftlad=e=itPr''sed res=t= Official Statement and use thereof in the T'lleTinrand sale of bonds as an emergency measure. You will please consider this request in connection with the resolution which is to be Introduced for adoption by the City Counci/ on the submect. "Yours very truly, /s/ Luther Jones Mayor. Mic RO IF al 11 1e8a3 5015 5M-15 Councilmember Leo Guerrero moved that the Charter provision prohibiting resolutions from being adopted finally on the date Introduced be suspended for the reasons stated in the written request of the Mayor and stated In the emer- gency clause of the resolution. The motion was seconded by Councilmember Frank Mendes . The motion was carried by an unanimous vote by the City Council, viz.: AYES All present voted Aye. NAYS: None. Councilmember Bill Yr., moved that the resolu- tion be adopted finally. The motion was seconded by Coun- cilmember Mary Pat Slavik . The motion was carried by the following vote. AYES All present voted Aye. NAYS: None. The Mayor announced that the resolution had been adopted. The resolution is as follows: RESOLUTION APPROVING THE FORM OF THE OFFICIAL STATEMENT PERTAINING TO CITY OF CORPUS CHRIST/, TEXAS WATERWORES SYSTEM REVENUE REFUNDING SERIES 1985, AND AUTHORIZING, RATIFYING AND APPROVING THE OFFICIAL STATEMENT AND THE USE THEREOF IN THE OFFERING AND SALE OF SAID BONDS, AND DECLARING AN EMERGENCY WHEREAS, the Clty of Corpus Christi is authorared to issue and sell Its $31,975,000 Waterworks System Revenue Refunding Bonds, Seraes 1985, pursuant to the constitution and laws of Texas, and WHEREAS, it 1s the desire of the City Council that the Official Statement pertaaning to sand Bands, and the use of sand Official Statement should be duly authorized, ratafaed and approved. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS. 1. That the Official Statement, ancludang the 0ffacaal Notice of Sale, as amended, as set forth herein as hereby approved as to form and content. 2. That the use of the Official Statement and all addenda, of any, thereto in the offering and sale of said Banda as hereby autherEsed, ratified and approved. 3. That the form of the Official Statement shall be substantially as follows, to -wit: 4. That the fact that the contemplated Issuance of such bonds is necessary for the orderly development and growth of the City of Corpus Christi, Texas, createe a public emergency and an imperative public necessity requir- ing the suspension of the Charter Rule providing that no ordinance or resolution shall be passed finally on the date It is Introduced and that such ordinance or resolution shall be read at three several meetings of the City Council and the Mayor having declared that such public emergency and imperative necessity exist, and having requested that said Charter Rule be suspended and that this resolution take effect and be in full force and effect from and after its adoption, It is accordingly so ordained. ADOPTED AND APPROVED this the 16th day of May, 1985. 1 /!1 May0r, lty of Corpus Christi T=Tchri.,. The foregoing resolution was approved prior to adoption as to form and correctness this the 16th day of May, 1985. THE STATE oF TEXAS • COUNTY OF NUECES CITY OF CORPUS CHRISTI I, the undersigned, City Secretary of the City of Corpus Christi, Texas, do hereby certify that the above and foregoing is a true, full and correct copy of a resolu- tion adopted by the City Council of the City of Corpus Christi, Texas (and of the minutes pertaining thereto) on the 1610 day of May, 1985, approving the fors of the Official Statement pertaining to City of Corpus Christi, Texas Waterworks System Revenue Refunding Bonds, Series 1985, and authorising, ratifying and approving the Official Statement and the use thereof, which resolution is duly of record in the rwnutes of said City Council, and 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. Stat., art. 6252-1], as amended. EXECUTED UNDER MY HAND AND SEAL of said City, this the 16th day of may, 1985. City Seeretary, C)q'18 Corpus Christi, Texas (SEAL) Corpus Christi, -vs _144 day of //I , 1985 TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasonsset forth sn the emergency clause of the foregoing ordinance or resolution, an emergency exists requiring suspension of the Charter rule s to consideration and voting upon ordinances or resolutions at three regular meetings, 1/we, therefore, request that you suspend said Charter rule and pass this ordinance or resolution finally on the date it cs introduced, or at the present meeting of the City Council. Respectfully, Respectfully, Council Members PAYOR THE CI Y OF CORPUS CHRISTI, TEXAS The above ordinance was passed Luther Jones Betty N Turner David Berlanga, Sr Welder Brown Leo Guerrero Dr. Charles W Kennedy Joe McComb Frank Ilendea Mary Pat Slavik y the following vote. 18&03