HomeMy WebLinkAboutOrdinance 107042:
ORDINANCE NO. /C~ ~Q~
DIRECTING RUBLICATION OF NOTICE OF INTENT TO ISSUE TAX
AND REVENUE CERTIFICATES OF OBLIGATION; AND ORDAINING
OTHER MATTERS RELATING TO THE SUBJECT
WHEREAS, it is hereby officially found and determined that a
case of emergency or urgent public necessity exists which requires
the holding of the meeting at which this Ordinance is passed, such
emergency or urgent public necessity being that the publication of
Notice of Intention to Issue Certificates of Obligation to provide
funds for the improvements described in the Notice referred to
below is required as soon as possible and without delay; 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
Vernon's Ann. Civ. St. Art. 6252-17, as amended.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
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 Secretary shall cause said notice
to be published, in substantially the form attached hereto, in the
"Fort Worth Star-Telegram", a newspaper of general circulation in
the City of Fort Worth, Texas, for two consecutive weeks, the date
of the first publication to be before the fourteenth (14th) day
before the date tentatively proposed for authorizing the issuance
of the Certificates of Obligation as shown in said notice.
PASSED the 23rd day of October, 1990.
i
ayor, City of Fort W rth, Texas
ATTEST:
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i y Se tart'
'City of ort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
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~ City of Fort Worth, Texas
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EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CERTIFICATE OF OBLIGATION AND PUBLIC HEARING
NOTICE IS HEREBY GIVEN that it is the intention of the City
Council of the City of Fort Worth, Texas, to issue the interest
bearing certificates of obligation of the City entitled "City of
Fort Worth, Texas Combination Tax and Revenue Certificates of
Obligation, Series 1990", for the purpose of providing funds for
the construction of an aircraft control tower at Alliance Airport,
and engineering, legal, and fiscal costs related thereto (the
"Project'®) . 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 regular meeting to commence at 10:00
A.M. on November 13, 1990. The maximum amount of Certificates of
Obligation indebtedness that may be authorized for such purpose is
$6,000,000. The City Council presently proposes to provide for
payment of such Certificates of Obligation by the Levy of taxes and
from revenues.
In furtherance thereof, a public hearing will be held by the
City Council in accordance with the provisions of Section 147(f)
of the Internal Revenue Code of 1986 at 9:00 a.m. on November 13,
1990 in the pre-council conference room, 2nd Floor, City Hall, for
the purpose of receiving public comment on the issuance of the
Certificates of Obligation and the construction of the Project.
All persons interested in such matters are invited to submit
written comments to the City prior to the time set for the public
hearing or to attend the public hearing and express any comments
that they may have with respect to such matters.
Mr. Judson Bailiff, Director of Finance
City of Fort Worth
1000 Throckmorton
Fort Worth, Texas 76102
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PAG1E
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OBLIGATIONS
~~ECOMMENDATION:
It is recommended that the City Council adopt the attached ordinance
approving and authorizing the giving of notice of intention to issue
' $6,000,000 City of Fort Worth Combination Tax and Revenue Certificates of
Obligation, Series 1990.
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APPROVED BY
CITY COUNCIL
OCT ~3 i990
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City 5ecre?azy o£ t&e=
City of ror. WaztIi, Te^
SUBMITTED FOR IMt DISPOSITION BY COUNCIL. PROCESSED BY
APPROVED
OFFICEABY GER'S Mike Groomer 6122 ~
ORIGINATING p p [- OTHER (DESCRIBE)
DEPARTMENT HEADJUdSOn Bd~ 1 ~ ff 0106 CITY SECRETARY
FOR ADDITIONAL INFORMATION ~4~opted Ordinance No,
CONTACT Edwin Cook 8325 DATE