HomeMy WebLinkAbout021907 RES - 03/29/1994A RESOLUTION
BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE UTILITY
SYSTEM REVENUE BONDS, SERIES 1994; AND RESOLVING OTHER
MATTERS RELATING TO THE SUBJECT
WHEREAS, it is hereby officially found and determined that a meeting at which this
Resolution is to be considered 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 Chapter 551, Texas Government Code, as amended.
NOW, THEREFORE, BE IT RESOLVED 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 Secretary 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, 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 Revenue Bonds as shown in said notice.
Section 3. That the City Manager, the Director of Finance, and all other appropriate
officers of the City are hereby authorized to execute such documents and certificates
necessary to evidence the intent of the City to reimburse expenditures for such projects to
be financed from the proceeds of the proposed Revenue Bonds.
Section 4. That all ordinances and resolutions or parts thereof in conflict herewith
are hereby repealed.
PASSED AND APPROVED this the 29th day of March, 1994.
City Secretary,
City of Corpus Christi, Texas
Mayor,`Cirpus Christi, Texas
021907
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The foregoing Resolution was approved prior to passage as to form and correctness
this the 2jith day of March, 1994.
)
City orney,
City o Corpus Christi, Texas
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
UTILITY SYSTEM REVENUE BONDS
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 revenue bonds of the City entitled
"City of Corpus Christi, Texas Utility System Revenue Bonds, Series 1994", for the purpose
of financing the costs of extending and improving the waterworks system component of the
City's combined Utility System. The City Council tentatively proposes to authorize the
issuance of said Revenue Bonds at its regular meeting place in the City Hall at a meeting
to commence at 2 o'clock, p.m., on the 26th day of April, 1994. The maximum amount of
Revenue Bonds indebtedness that may be authorized for such purpose is $11,140,000. The
interest rate or rates to be borne by said Revenue Bonds shall not result in the "net effective
interest rate" on said Revenue Bonds exceeding the maximum rate permitted by Texas law.
The City Council shall provide for payment of such Revenue Bonds from the Pledged
Revenues derived from the operation of the City's Utility System.
CITY OF CORPUS CHRISTI, TEXAS
/s/
Mayor
T r
CERTIFICATE FOR RESOLUTION DIRECTING PUBLICATION
OF NOTICE OF INTENTION TO ISSUE CITY OF CORPUS CHRISTI,
TEXAS UTILITY SYSTEM REVENUE BONDS, SERIES 1994;
AND RESOLVING OTHER MATTERS RELATING THERETO
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
We, the undersigned officers of said City, hereby certify as follows:
1. The City Council of said City convened in REGULAR MEETING ON THE
29TH DAY OF MARCH, 1994, at the designated meeting place, and the roll was called of
the duly constituted officers and members of said City Council, to -wit:
Mary Rhodes, Mayor
Dr. David McNichols, Mayor Pro -Tem
Betty Jean Longoria,
Cezar Galindo,
David Noyola, Councilmembers
Melody Cooper,
Edward A. Martin, .•
Clif Moss,
Dr. Jack Best,
Juan Garza City Manager
Armando Chapa City Secretary
and all of said persons were present, except the following absentees: , thus
constituting a quorum. Whereupon, among other business, the following was transacted at
said Meeting: a written
RESOLUTION DIRECTING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CITY OF CORPUS CHRISTI,
TEXAS UTILITY SYSTEM REVENUE BONDS, SERIES 1994;
AND RESOLVING OTHER MATTERS RELATING THERETO
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 passed; and, after due discussion, said
motion carrying with it the passage of said Resolution, prevailed and carried by the following
vote:
AYES: All members of said City Council shown present above voted "Aye".
NAYS: None.
T
2. That 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 said Resolution has been duly recorded in said City Council's minutes of
said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from
said City Council's minutes of said Meeting pertaining to the passage 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 passage at said Meeting, and each
of said officers and members consented, in advance, to the holding of said Meeting for such
purpose, 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 Chapter 551, Texas Government
Code, as amended.
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 the 29th day of March, 1994.
City Secretary
(SEAL)
T
Mayor
Corpus Christi, Texas
l G1 day of I'lam l-\
, 19 (/"Id
The above resolution was passed by the following vote:
Mary Rhodes ri
Dr. Jack Best
Melody Cooper //./i -t_,
Cezar Galindo (/LL4 k,
Betty Jean Longoria l i:47-f-�
Edward A. Martin f)/, j
Dr. David McNichols (IA.0
((L1,-{_
David Noyola b -PIC,
Clif Moss nit -;1/4__
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