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HomeMy WebLinkAboutOrdinance 13829ORDINANCE NO .~~~.- BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1999; AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT WHEREAS, the City of Fort Worth expects to pay expenditures m connection with the design, planning, acquisition and construction ofthe protects described m Exhibit A to this Ordinance prior to the issuance of the Certificates of Obligation hereinafter described, and WHEREAS, the City Council hereby finds, considers and declares that the reimbursement of the payment by the City of such expenditures will be appropriate and consistent with the lawful obJectives ofthe City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1 150-2 of the U S Treasury Regulations, to reimburse itself for such payments at such time as rt issues the hereinafter described Certificates of Obligation, and WHEREAS, rt is hereby officially found and determined that the meeting at which this Ordinance was considered was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code NOW, THEREFORE, 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 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 day before the day tentatively proposed for authorizing the issuance of the Certificates of Obligation as shown in said notice Section 3 That the facilities and improvements to be financed with proceeds from the proposed Certificates of Obligation are to be used for the purposes described in the attached Notice of Intention. Section 4 That all costs to be reimbursed pursuant to this Ordinance will be capital expenditures, the proposed Certificates of Obligation shall be issued within 18 months ofthe later of (i) the date the expenditures are paid or (ii) the date on which the property, with respect to which such expenditures were made, is placed in service, and the foregoing notwithstanding, the Certificates - of Obligation will not be issued pursuant to this Ordinance on a date that is more than three years after the date any expenditure which is to be reimbursed is paid. PASSED AND APPROVED this the 15th day of June, 1999 '~~,~ Mayor, City of Fort Worth, Texas AT ST Crty Secretary, Crty of Fort Worth, Texas APPROVED AS TO FORM. ~ • /. '~ ~ ~ M1 RV ~ M i y~ J N ~ A r/ r A nu., ~ ~ Crty Attorney, Crty of - '` '' ~'` ~~ Fort Worth, Texas w~' = (SEAL) ~~,..1 :~ ~* f _ a ~ ~ V k ,/ y1^ a y „~..~.. EXHIBIT A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that rt ns the intention ofthe Crty Council of the Crty of Fort Worth, Texas, to issue one or more series of the interest bearing certificates of obligation ofthe Crty to be entitled "City of Fort Worth, Texas Combination Tax and Revenue Certificates of Obligation", for the purpose of paying contractual obingatnons to be incurred by the City, to-wit, the construction of improvements to and the equipping of two of the Cnty's municipally-owned golf courses, Pecan Valley Golf Course, located at 6400 Pecan Valley Drnve, and Meadowbrook Golf Course, located at 1815 Jensen Road, rn the Cnty of Fort Worth, Texas, and the payment of fiscal, engnneernng and legal fees incurred nn connectnon therewith. The Crty Council tentatively proposes to authorize the nssuance of said serves (one or more) of Certnficates of Obligation at nts regular meetnng place m the City Hall at a meetnng to commence at 10 o'clock, a.m., on the 20th day of July, 1999 The maximum amount of Certnficates of Obligation indebtedness that may be authornzed to be sold on sand date for such purposes described above is $4,100,000 The Cnty Council presently proposes to provnde for payment of sand serves (one or more) of Certnficates of Obligation from the levy of taxes and from surplus revenues derived from the operation of the City's municipal golf course system. CITY OF FORT WORTH, TEXAS /s/ Kenneth Barr Mayor THE STATE OF TEXAS COUNTIES OF TARRANT AND DENTON CITY OF FORT WORTH I, Glona Pearson, City Secretary of the City of Fort Worth, in the State of Texas, do hereby certify that I have compared the attached and foregoing excerpt from the minutes of the regular, open, public meeting ofthe City Council ofthe Crty ofFort Worth, Texas held on June 15, 1999, and of Ordinance No ~.~~a- which was duly passed at said meeting, and that said copy is a true and correct copy of said excerpt and the whole of said ordinance Said meeting was held in accordance with the provisions of Chapter 551, Texas Government Code In testimony whereof, I have set my hand and have hereunto affixed the seal of said City of Fort Worth, this 15th day of June, 1999 ,~w ~ ~. .. r ~ ~~ ~ ~~ .~ ~* ~,`f ~.., *~~~~ 'r~ft'~tf~~r~,. A ~' a~~ 1`.-'µi ""~~v /V ~~~w' y, ,~ ~- r`,. Crty Secretary o the ~~, Crty of Fort Worth, Texas ~. ~, ~~ K. . ~~ ~ _ ~ ~ , ~, .~ ~ ~. (SEAL) ORDINANCE NO BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1999, AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT WHEREAS, the City of Fort Worth expects to pay expenditures mconnection with the design, planning, acquisition and construction of the projects described in Exhibit A to this Ordinance prior to the issuance of the Certificates of Obligation hereinafter described, and WHEREAS, the City Council hereby finds, considers and declares that the reimbursement of the payment by the City of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1 150-2 of the U S Treasury Regulations, to reimburse itself for such payments at such time as it issues the hereinafter described Certificates of Obligation, and WHEREAS, rt is hereby officially found and determined that the meeting at which this Ordinance was considered was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551., Texas Government Code NOW, THEREFORE, 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, m 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 day before the day tentatively proposed for authorizing the issuance of the Certificates of Obligation as shown m said notice Section 3 That the facilities and improvements to be financed with proceeds from the proposed Certificates of Obligation are to be used for the purposes described m the attached Notice of Intention. Vl"1-Y V~- ~-VK"1" WUK'1'tl Section 4 That all costs to be reimbursed pursuant to this Resolution will be capital expenditures, the proposed Certificates of Obligation shall be issued within 18 months of the later of (i) the date the expenditures are paid or (u) the date on which the property, with respect to which such expenditures were made, is placed rn service, and the foregoing notwithstanding, the Certificates of Obligation will not be issued pursuant to this Resolution on a date that is more than three years after the date any expenditure which is to be reimbursed is paid. PASSED AND APPROVED this the 15th day of June, 1999 c~.~ Mayor, City of Fort Worth, Texas AT ST ity Secretary, C ty of Fort Worth, Texas APPROVED AS TO FORM City Attorney, City of Fort Worth, Texas (SEAL) ~i-rY ur- r-ux-r wuK-rti EXHIBIT A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that it is the intention of the Crty Council of the City of Fort Worth, Texas, to issue one or more series of the interest bearing certificates of obligation of the City to be entitled "City of Fort Worth, Texas Combination Tax and Revenue Certificates of Obhgation", for the purpose of paying contractual obligations to be incurred by the Crty, to-wit, the construction of improvements to and the equipping of two of the Crty's municipally-owned golf courses, Pecan Valley Golf Course, located at 6400 Pecan Valley Drive, and Meadowbrook Golf Course, located at 1815 Jensen Road, in the City of Fort Worth, Texas, and the payment of fiscal, engineering and legal fees incurred m connection therewith. The City Council tentatively proposes to authorize the issuance bf said series (one or more) of Certificates of Obligation at its regular meeting place m the Crty Hall at a meeting to commence at-10 o'clock, a:m., on the 20th day of July, 1999 The maximum amount of Certificates of Obligation indebtedness that may be authorized to be sold on said date for such purposes described above is $4,100,000 The City Council presently proposes to provide for payment of said series (one or more) of Certificates of Obligation from the levy of taxes and from surplus revenues derived from the operation of the City's municipal golf course system. CITY OF FORT WORTH, TEXAS /s/ Kenneth Barr Mayor CITY VF FVRT WVRTH