HomeMy WebLinkAbout023616 RES - 04/13/1999A RESOLUTION
BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE UTILITY
SYSTEM REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES
1999; AND RESOLVING OTHER MATTERS RELATING TO THE SUBJECT
WHEREAS, it is hereby officially found and determined that the meeting at which this
Resolution was considered 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, once a week 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 Bonds as shown in said notice.
Section 3. That all resolutions or parts thereof in conflict herewith are hereby repealed.
PASSED AND APPROVED this the 13th day of April, 1999.
Mayor, City of Corpus Christi,4► xas
ATTEST:
City Secretary, City of
Corpus Christi, Texas
APPROVED THIS THE 13TH DAY OF APRIL, 1999:
JAMES R. BRAY, JR., CITY ATTORNEY
u.t b
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 one or more series of the interest bearing revenue bonds of the City
to be entitled "City of Corpus Christi, Texas Utility System Revenue Refunding and Improvement
Bonds", to be issued in the estimated aggregate principal amount of $26,800,000 for the purpose of
improving and extending the City's combined Utility System and in the estimated aggregate principal
amount of$13,200,000 for the purpose of refunding a portion of the City's outstanding Utility System
Commercial Paper Notes, Series A. The City Council tentatively proposes to authorize the issuance
of said series (one or more) of Utility System Revenue Bonds at its regular meeting place in the City
Hall at a meeting to commence at 2 o'clock, p.m., on the 11th day of May, 1999. The maximum
amount of Utility System Revenue Bond indebtedness that may be authorized to be sold on said date
for such purposes described above is $40,000,000. The City Council presently proposes to provide
for payment of such revenue bonds from net revenues of the City's combined Utility System.
CITY OF CORPUS CHRISTI, TEXAS
is/ Samuel L Neal Jr
Mayor
Corpus Christi, Texas
✓ day of
, 1999
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Alex L. Garcia, Jr.
Dr. Arnold Gonzales
Betty Jean Longoria
John Longoria
Edward A. Martin
Dr. David McNichols
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