HomeMy WebLinkAboutResolution 1074P
TUESDAY, JULY 30, 1985
Ordinance No 9435 cont
19 O1-Sep-94 2385 200 2186 250
20 O1-Mar-95 2491 350 2283 550
21 O1-Sep-95 2602 200 2385 200
22 O1-Mar-96 2718.000 2491 350
23 O1-Sep-96 2838 950 2602 200
24 O1-Mar-97 2965 300 2718 000
25 O1-Sep-97 3097 250 2838 950
26 O1-Mar-98 3235 050 2965 300
27 01-Sep-98 3379 000 3097 250
28 O1-Mar-99 3529 400 3235 050
29 O1-Sep-99 3686 450 3379 000
30 O1-Mar-2000 3850 500 3529 400
31 01-Sep-2000 4021 850 3686 450
32 O1-Mar-2001 4200.800 3850 500
33 01-Sep-2001 4387 750 4021 850
34 O1-Mar-2002 4583.000 4200 800
35 O1-Sep-2002 4786 950 4387 750
36 O1-Mar-2003 5000.000 4583 000
37 01-Sep-2003 4786 950
38 O1-Mar-2004 5000 000
Adopted Resolution No Council Member Lancaster introduced a resolution and made a motion that it be
1074 authorizing the adopted. The motion was seconded by Council Member Wetherby The resolution was read
giving of notice of by the City Secretary The motion, carrying with it the adoption of said resolution,
redemption of certain prevailed by the fo llowing vote
obligations of the City
being refunded by the AYES Mayor Bolen, Mayor Pro tempore Williams, Council Members Zapata,
City of Fort Worth, Garrison, Lancaster, Wetherby, Newkirk, Bagsby, and Vance
Texas, General Purpose
Refunding Bonds, Series NOES None
1985A - First Southwest
Corporation ABSENT None
The resolution, as adopted, is as follows
Resolution No 1074 RESOLUTION NO 1074
AUTHORIZING THE GIVING OF NOTICE OF REDEMPTION
OF CERTAIN OF THE OBLIGATIONS OF THE CITY BEING
REFUNDED BY THE CITY OF FORT WORTH, TEXAS
GENERAL PURPOSE REFUNDING BONDS, SERIES 1985A,
AND AUTHORIZING THE MAYOR TO GIVE NOTICE TO THE
HOLDERS OF THE BONDS SO REDEEMED
THE STATE OF TEXAS §
COUNTY OF TARRANT §
CITY OF F ORT WORTH §
WHEREAS, concurrently herewith the City has passed an
ordinance authorizing the issuance of City of Fort Worth, Texas
General Purpose Refunding Bonds, Series 1985A, in the aggregate
principal amount of $372,055,272 50 (the "Bonds")' and
WHEREAS, said ordinance authorizes the form of an Escrow
Agreement , dated as of July 15, 1985, between the City and the
Escrow Ag ent named therein (the "Escrow Agreement"), and
WHEREAS, net of certain costs relating to the issuance of
the Bonds , the of the Bonds, together with other funds of the City,
shall be deposited in accordance with the terms of the Escrow
Agreement to pay the interest on and the maturing principal of the
"Refunded Obligations", as such term is defined in the Escrow
Agreement , and
WHEREAS, in order to maximize the interest savings to be
realized from the refunding of the Refunded Obligations, it is
necessary and desirable to redeem certain of the Refunded
Obligations prior to their scheduled maturities, to-wit.
Bonds Nos 3,101 through 7,600, inclusive, of
Fort Worth, Texas General Purpose Bonds, Series
1981, in the aggregate Principal amount of
$22,500,000 (the "Series 1981 Bonds"),
Bonds Nos 2,741 through 8,000, inclusive, of
Fort Worth, Texas General Purpose Bonds, Series
1982, in the aggregate principal amount of
$26,300,000 (the "Series 1982 Bonds");
Bonds Nos 3,421 through 8,000, inclusive, of
Fort Worth, Texas General Purpose Bonds, Series
1982-A, in the aggregate principal amount of
$22,900,000 (the "Series 1982-A Bonds"),
All of the certificates of obligation maturing
on the dates shown below, in the aggregate
principal amounts shown below, of City of Fort
Worth, Texas Tax and Revenue Certificates of
Obligation, Series 1984
Resolution No 1074 c
WHEREAS, the ordinances authorizing each series of
obligations described above (the "Redeemed Obligations") provide
the method for giving notice of redemption to the holder or
registered owner thereof, and
aggregating $1,535,000 in principal amount (the
"Certificates"), and
All of the bonds maturing on March 1, of the
years 1997 through 2004, inclusive, in the
aggregate principal amount of $4,400,000 for
each aforesaid maturity, aggregating
$35,2000,000 in principal amount of city of
Fort Worth, Texas General Purpose Bonds, Series
1985 (the "Series 1985 Bonds"); and
WHEREAS, it is necessary and desirable to authorize the
giving notice of redemption for the Redeemed Obligations prior to
their scheduled maturities
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
1 That the Redeemed Obligations shall be called for
redemption, and the City Secretary of the City is hereby authorized
and directed to cause to be published, with respect to the Series
1981 Bonds, the Series 1982 Bonds and the Series 1982-A Bonds, and
the respective Paying Agent/Registrars are hereby authorized and
directed to cause to be mailed, with respect to the Certificates
and the Series 1985 Bonds, each in the manner required by the
ordinances authorizing the issuance of the Redeemed Obligations,
a notice of redemption, and such obligations described in such
notice shall be redeemed on the dates and in the amounts as set
forth in such notice
2 That the notice of redemption for the Series 1981
Bonds, the Series 1982 Bonds and the Series 1982-A Bonds shall be
substantially in the form attached to this Resolution as Exhibit A,
the notice redemption for the Certificates shall be substantially
in the form attached to this Resolution as Exhibit B, and the
notice of redemption for the Series 1985 Bonds shall be
substantially in the form attached to this Resolution as Exhibit C
3 That this Resolution shall be effective immediately
from and after its adoption
TUESDAY, JULY 302 1985
maturity 6/1/95 $205,000
maturity 6/1/96 $220,000
maturity 6/1/97 $240,000
maturity 6/1/98 $265,000
maturity 6/1/99 $290,000
maturity 6/1/00 $315,000
EXHIBIT A
NOTICE OF REDEMPTION
CITY OF FORT WORTH, TEXAS GENERAL PURPOSE
NOTICE IS HEREBY GIVEN that the City of Fort Worth, Texas
has called for redemption on the dates shown below the outstanding
Bonds of the City described as follows
City of Fort Worth, Texas General Purpose
Bonds, Series 1981, dated June, 1, 1981, Bond
numbers 3,101 through 7,600, inclusive,
aggregating $22,500,000, REDEMPTION DATE
March 1, 1992
City of Fort Worth, Texas General Purpose
Bonds, Series 1982, date April 1, 1982, Bond
numbers 2,741 through 8,000 inclusive,
aggregating $26,300,000, REDEMPTION DATE
March 1, 1992.
City of Fort Worth, Texas General Purpose
Bonds, Series 1982-A, Bond numbers 3,421
through 8,000, inclusive, aggregating
$22,900,000, REDEMPTION DATE March 1, 1993
TUESDAY, JULY 30, 1985
Resolution No 1074 con?
/s/ Bob Bolen
Mayor, City o_f_F_or_t_Wo__rTF-
EXHIBIT B
NOTICE OF REDEMPT
CITY OF FORT WORTH, TEXAS TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 1984
NOTICE IS FURTHER GIVEN that due and proper arrangement
have been made for providing Manufactures Hanover Trust Company,
New York, New York, the place of payment of said Bonds, with funds
sufficient to pay the principal amount of said Bonds and the
interest thereon to the redemption date In the event said Bonds,
or any of them, are not presented for payment by the date fixed for
their redemption, they shall not hereafter bear interest.
THIS NOTICE is issued and given pursuant to the
redemption provisions set forth i the ordinances authorizing the
issuance of said Bonds, in accordance with the recitals and
provisions of each of said Bonds and pursuant to authority of a
Resolution passed by the City Council of the City Fort Worth, Texas
on July 30, 1985
WITNESS MY OFFICIAL SIGNATURE this 30th day of July,
1985
[name and address
of registered
owner]
The Bond Registration Books kept by Texas American
Bank/Fort Worth, N A , Paying Agent/Registrar for the
above-captioned Certificates show that you are the registered owner
of Certificates number(s) , maturing in June in
the aggregate principal amount o
NOTICE IS HEREBY GIVEN that the Certificates maturing on
June 1 in each of the years 1995 through 2000, inclusive,
aggregating $1,535,000 in principal amount, of which the
Certificates(s) described in the preceding paragraph constitute a
part thereof, have been called for redemption by the City Fort
Worth, Texas on June 1, 1994 (the "redemption date")
NOTICE IS FURTHER GIVEN that the due and proper
arrangements have been made to provide Texas American Bank/Fort
Worth, N A , Fort Worth, Texas, the place of payment of said
Certificates called for redemption, with funds sufficient to pay
the principal amount of said Certificates and the interest thereon
to the redemption date In the event said Certificates, or any of
them, are not presented for payment by the date fixed for their
redemption, they shall not thereafter bear interest.
THIS NOTICE is issued and given pursuant to the
redemption provisions set forth in the ordinance authorizing the
issuance of said Certificates, in accordance with the recitals and
provisions of each of said Certificates and pursuant to authority
of a Resolution passed by the City Council of the City of Fort
Worth on July 30, 1985
WITNESS MY OFFICIAL SIGNATURE, this the 30th
day of July, 1985
/s/ Bob Bolen
Mayor, City o Fort Worth Texas
EXHIBIT C
NOTICE OF REDEMPTON
CITY OF FORT WORTH, TEXAS GENERAL PURPOSE
BONDS, SERIES 1985 (the "Bonds")
[name and address
of registeres
owner]
The Bond Registration Books kept by Manufacturers Hanover
Trust Company, Paying Agent/Registrar for the Bonds, show that you
are the registered owner of Bond number(s)
maturing on March 1, , in the aggregate principal amount of
TUESDAY, JULY 30, 1985
esolution No 1074 cont NOTICE IS HEREBY GIVEN that the Bonds maturing on March
1, in each of the years 1997 through 2004, inclusive, aggregating
$35,200,000 principal amount, of which the Bond(s) described in the
preceding paragraph constitute a part therof, have been called for
redemption by the City of Fort Worth, Texas on March 1, 1996 (the
"redemption date")
NOTICE IS HEREBY GIVEN that due and proper arrangements
have been made providing Manufacturers Hanover Trust Company, New
York, New York, the place of payment of said Bonds called for
redemption, with funds sufficient to pay the principal amount of
said Bonds and the interest thereon to the redemption date In the
event said Bonds, or any of them, are not presented for payment by
the date fixed for their redemption, they shall not thereafter bear
interest.
THIS NOTICE is issued and given pursuant to the
redemption provisions set forth in the ordinance authorizing the
issuance of the Bonds, in accordance authorizing the issuance of
the Bonds, in accordance with the recitals and provisions of ech of
i
said Bonds and pursuant to authority of a Resolution passed by the
City Council of the city of Fort Worth on July 30, 1985
WITNESS MY OFFICIAL SIGNATURE, this the 30th day of July,
1985
/s/ Bob Bolen
Mayor, i y o or or exas
Idopted Ord 9436 directi g Council Member Zapata introduced an ordinance and made a motion that it be
iublication of Notice of adopted The motion was seconded by Mayor Pro tempore Williams The ordinance was
ntention to Issue read by the City Secretary The motion, carrying with it the adoption of said
:e.rtificates of Obligati n ordinance prevailed by the following vote
nd ordaining other
natters relating to the AYES Mayor Bolen, Mayor Pro tempore Williams, Council Members Zapata,
&ubject and declaring an Garrison, Wetherby, and Vance
emergency
NOES Council Members Lancaster, Newkirk and Bagsby
ABSENT None
The ordinance, as adopted, is as follows
rdinance No 9436 ORDINANCE NO 9436
BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS, DIRECTING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE TAX AND REVENUE CERTIFICATES
OF OBLIGATION, ORDAINING OTHER MATTERS RELATING
TO THE SUBJECT; AND DECLARING AN EMERGENCY
WHEREAS, it is hereby 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 street improvements 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 Manager shall cause said
notice to be published, in substantially the forma ttached 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 at least fourteen
(14) prior to the day tentatively proposed for authorizing the
issuance of the Certificates of Obligation as shown in said notice
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
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 Certificates of Obligation, Series