CC Resolution No. 1354 2584
RESOLUTION NO. 1354
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF 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 notice hereinafter set forth;Now,
Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN:
Section 1. The facts and recitations contained in the preamble of this resolution 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 and in substantially the following form, a notice of intention to issue
certificates of obligation:
2585
Section 3. The notice set forth in Section 2 above shall be published in both English and
Spanish once a week for two (2) consecutive weeks in a newspaper which is of general circulation
in the City,the date of the first publication to be at least fifteen(15)days before the date tentatively
set in said notice for the passage of the ordinance authorizing,the issuance of such certificates of
obligation.
Section 4. The Mayor, City Clerk, and other officers and agents of the City are hereby
authorized and directed to do any and all things necessary or desirable to carry out the provisions of
this resolution.
Section 5. This resolution shall take effect immediately upon its passage.
Section 6. The NOTICE OF MEETING relating to this meeting and heretofore posted by
the City Secretary, and the posting thereof, are hereby authorized, approved, and ratified.
PASSED AND APPROVED this 7th day of May, 1998.
/ 1.a (f•
Mayor
City of Baytown, Texas
ATTEST:
City Clerk
City of Baytown, Texas
(SEAL)
NOTICF.OF INTFNMON TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of Baytown, Texas (the
"City"),will meet at the City Hall,2401 Market Street,Baytown,Texas,at 6:30 pm.on the 28th day
of May, I999,which is the time and place tentatively set for the passage of an ordinance and such
other action as may be deemed necessary to authorize the issuance of the City's certificates of
obligation, payable from ad valorem taxation and from a pledge of a subordinate lien on the net
revenues of the City's waterworks and sanitary sewer system,is the maximum aggregate principal
amount of$15,250,000,bearing interest at any rate or rates not to exceed the maximum interest rate
now or hereafter authorized by law,as shall be detemuried within the discretion of the City Council
at the time of issuance,and maturing over a period of years not to exceed twenty-five(25)years from
the date thereof for the purpose of evidencing the indebtedness of the City for all or any part of the
cost of the construction of a convention center,the construction of a jail building,the purchase of
a communications system,the construction of improvemaats to the Citys water and sanitary sewer
system,and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,this 7th day of May,
1998.
/s/Eileen P. Hall
City Clerk
CITY OF BAYTOWN,TEXAS
(SEAT..)
AV ISO DR INTENCION D6 ENITIR CBRTIFIgum DE OBLIGACION
POR LA PRESENTE SE DA AV280 Quo el Consojo Municipal de In
Ciudad de Bayt' , Taws (Is 'Ciudad") as rounird an is alcaldia,
2401 do In Call* Market, Baytown, Texas, a las 6.30 do la Lards del
din 28 de mayo do 1998, quo am 1a hors y al lugar tentativsmente
aatablecidos pars sproAor una ordenanza y pars. cualquier otra
acoi6n quo as oonaidare nocoearia pare sutssLssr In emisi6n de Ion
cartificados do obligaoi6n do In Ciudad, pagaderoo de 1os impaestas
do avoluc y do %&m caucibn de un *Laramms aubordinado do ion
irgresos notom del sistems de aqua potable y alcanterillado
asnitario do Is. Ciudad, on un valor do capital =6-1 agregado de
15.250#000 ddleres. acumulando inter" a tale tass o teems quo no
*Medan In "-I- aitorizeda por In lay an la actualidad c an el
futuro, eoao sea determinado a discreoidn del Consojo Municipal *n
el mommnto do In emisi6n, y venciando on un platy no mayor do
vointicinco (25) afhas a partir de dichn facha, con al prop6sito do
demontrar la douda de la Ciudad por todo c parte del ooato de
construccibn do un oantre do congresoe, In construcci6n do una
cartel, In oaspra do un sistema do comunleaciones, la Cox%*trucci6n
do majoramientos del aistame de alcantarillodo do aquas y sanitario
do In Ciudad, y el costo de aervleios profesionales incurrido an
rolatiGn Con allo.
-kMTIGW FIft4kNDO Y ADRIRIRNDO EL SSI.W DE LA CIUDAD, eato
din 7 de mayo die 1998.
ff/ Eileen P. Nall
Secretaria do In Ciudad
CIUDAD DE BAYTOWN, TEI[AS
(SELLO)
v-W Tn'rcr onrr nn> W.,.