HomeMy WebLinkAbout022093 RES - 11/29/1994A RESOLUTION
BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION, SERIES 1994; AND RESOLVING OTHER
MATTERS RELATING TO THE SUBJECT
WHEREAS, it is hereby officially found and determined that a the holding of the 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.
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 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. That the City Manager is hereby authorized to retain the services of M. E. Allison
& Co., Inc. as Financial Advisor, and McCall, Parkhurst & Horton L.L.P. as Bond Counsel, in
connection with the issuance and sale of the proposed Certificates of Obligation.
Section 4. That the facilities and improvements to be financed with proceeds from the
proposed Certificates of Obligation are to be used for the promotion of tourism in the City.
Section 5. That all ordinances and resolutions or parts thereof in conflict herewith are hereby
repealed.
93
PASSED AND APPROVED this the 29th day of November, 1994.
ATTES
City S retary, City oflZ
Corpus Christi, Texas
Mayor, City of Co�pbs Christi, Texas
The foregoing Resolution was approved prior to passage as to form and correctness this the
29th day of November, 1994.
i/L4T1c tcLP�eru
cy& City Attorney, ity of Corpus Christi Texas
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 1994", for the purpose of paying contractual
obligations to be incurred by the City, to -wit, acquisition and
installation of energy efficiency improvements to the City's
Bayfront Plaza Complex (Bayfront Plaza, Auditorium, Art Museum,
Harbor Playhouse and Museum of Science and History), construction
of improvements to the City's Museum of Science and History, the
construction of facilities to house the historical Columbus ship
replicas for display adjacent to the City's Museum of Science and
History, 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 20th day of
December, 1994. The maximum amount of Certificates of Obligation
indebtedness that may be authorized for such purpose is $5,300,000.
The City Council presently proposes to provide for payment of such
Certificates of Obligation from the levy of taxes and from surplus
revenues derived from the collection of the City's hotel occupancy
tax.
CITY OF CORPUS CHRISTI, TEXAS
/s/ Mary Rhodes
Mayor
Corpus Christi, Texas
2g day of
Wove «tp. .
19"l 'Y
The above resolution was passed by the following vote:
Mary Rhodes
Dr. Jack Best
Melody Cooper
Cezar Galindo
Betty Jean Longoria
Edward A. Martin
Dr. David McNichols
David Noyola
Clif Moss
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