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CC Resolution No. 10901942 RESOLUTION NO. 1090 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 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, TEXAS: 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: NOTICE OF INTENTION 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, Baytown, Texas, at 6:30 p.m. on the 28th day of June, 1990, 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 revenues of the City's water and sewer system, in the maximum aggregate principal amount of $4,800,000, bearing interest at any rate or rates, not to exceed the maximum interest now or hereafter authorized by law, as shall be determined within the discretion of the City Council at the time of issuance and maturing over a period of years not to exceed forty (40) 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 water and sewer system improvements, street improvements, library improvements, and the acquisition of land for park purposes, and the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this llth day of June, 1990. /s/ Eileen P. Hall EILEEN P. HALL, City Clerk City of Baytown, Texas LLOMS] 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 before the fourteenth (14th) day 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: 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. Section 6: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 11th day of June, 1990. \ \ \- EMMETT 0. HUTTO, Mayor ATTEST: EILEEN P. HALL, City Clerk ANDALL B. STRONG ity Attorney C:1:2:26