Ordinance No. 1,860ORDINANCE NO.i860
ORDINANCE AUTHORIZING PUBLICATION OP
NOTICE TO BIDDERS AND NOTICE OP INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS §
COUNTIES OF HARRIS AND CHAMBERS §
CITY OF BAYTOWN §
WHEREAS,the City Council of the CITY OF BAYTOWN,TEXAS
(the "City"),deems it advisable to issue Certificates of
Obligation of the City in accordance with the noticeherein
after set forth;
THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF BAYTOWN,TEXAS THAT:
Section 1.Thefacts and recitations contained in the
preamble of this ordinance are hereby found and declared to
be true and correct.
Section 2.The City Clerk is hereby authorized and
directed to cause to be published in the manner required'by
law a notice to bidders and notice of intention to issue
Certificates of Obligation in substantially the following
form:
f^NOTICE TO BIDDERS AND NOTICE OP INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that sealed proposals (hereinafter
sometimes called "bids")addressed to the Mayor and City Council
of the City of Baytown,Texas (the "City"),will be received at
a meeting of the City Council in the City Hall,Baytown,Texas,
until7:00 £_.m.,Central Daylight Saving Time,October 9
1975,at which time and place they will be publicly opened and
read aloud,forthe purchase by the City of two fully equipped
fire trucks;and the City Council tentatively proposes to let
a contract,or contracts,for such purchase,or purchases,and
to authorize issuance of Certificates of Obligation,in accor
dance with the terms and provisions of this Notice,at such
meeting or at a subsequent meeting of the City Council in said
City Hall.
^Bids received after closing time will be returned unopened.
Copies of specifications are on file at the office of the
Purchasing Agent of the City in the City Hall andmay be
examined there without charge,andmay be obtained there by
prospective bidders or suppliers.
No suchbids may be withdrawn after the scheduled closing
time for receipt ofbids and for 30 days thereafter.The City
reserves the right to accept any bid deemed most advantageous
to the City,including alternates,to reject any or all bids,
and to waive any informality.In case of ambiguity or lack
of clearness inthe statement of prices in each proposal,the
City reserves the right to adopt prices written in words,or
to reject such proposal.
It is the intention of the City to pay all or any part
of any contractual obligation to be incurred for such purchase,
or purchases,including contractual obligations for professional
|gps services in connection therewith,by the issuance of Certifi
cates of Obligation oftheCity,payable from City ad valorem
taxes,in the maximum aggregate principal amount of $250,000
bearing interest at a rate not in excess of that prescribed
by Article 717k-2,V.T.C.S.,as amended,and maturing over a
period of years not to exceed 20 years from the date thereof,
forthe purpose of evidencing the indebtedness of the City for
all or any part of the cost of such purchase,or purchases,
including the costof professional services incurred in connec
tion therewith;and the successfulbidder or bidders will be
required to accept such Certificates in payment of all or any
portion of the contract price,or prices.
The City Council has made provision for each contractor
(successful bidder)to sell and assign such Certificates of
Obligation to another at par and without discount,and with
no exchange or collection charges to such contractor,and each
bidder is required (at the time of the receipt of bids by the
^^
City Council)to elect whether he will accept such Certificates
in payment of all or a part of the contract price,or prices,
or assign such Certificates in accordance with such arrangements.
WITNESS MY HAND ANDTHE OFFICIAL SEAL OF THE CITY,this
28th day of August,1975.
Q
City Clerk
CITY OF BAYTOWN,TEXAS
(SEAL)
Section 3.The notice set forth in Section 2 above shall
be published once a week fortwo (2)consecutive weeks in a
newspaper which is of general circulation in the City of Baytown
and which has been duly designated as the official newspaper of
the City,the date of the first publication tobe not less than
fourteen (14)days prior to the date set in said notice forthe
receipt of bids bythe City Council.
Section 4.The Mayor,City Clerk,and other officers of
the City are hereby authorized and directed to do anyandall
things necessary or desirable to carry outthe provisions of
this ordinance.
Section 5.This ordinance shall take effect immediately
upon its passage.
Section 6.It is hereby officially found and determined
that the need of the City for such financing creates an emer
gency and an urgent public necessity forthe holding,at the
scheduled time,of the meeting of the City Council at which
this ordinance is adopted and for the adoption of this ordinance;
and the NOTICE OF MEETING relating to said meeting and hereto
fore posted by the City Clerk,and the posting thereof,are
hereby authorized,approved,and ratified.
PASSEDAND APPROVED this 28th day of August,1975.
ATTEST:
\_O<zfLM_^~>^—QJcX^y-t^J Mayor
City Clerk CITY OF BAYTOWN,TEXAS
CITY OFBAYTOWN,TEXAS
(SEAL)
APPROVED:
City A^brney
CITY OF BAYTOWN,TEXAS