HomeMy WebLinkAboutOrdinance 13581Adopte~f (Irtlina~~c~ -uoa .~35~I
ORDINANCE DIRECTING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE WATER AND SEWER SYSTEM
REVENUE BONDS, AND ORDAINING OTHER
MATTERS RELATING TO THE SUBJECT
WHEREAS, rt is hereby officially found and determined that rt is necessary under Texas
law to authorize the publication of Notice of Intention to Issue Revenue Bonds to provide funds
for the improvements described in the Notice referred to below; and that said 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, 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 Crty Secretary shall cause said notice to be published, m substantially
the form attached hereto, in the "Fort Worth Star-Telegram", a newspaper of general circulation
m 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 Revenue Bonds as shown in said notice
PASSED the 22nd day of September, 1998
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Mayor, Crty of Fort Worth, Texas
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Crty of Fort Worth, Texas
AP ROVED AS TO O ~ LEGALITY
Crty Attorney
City of Fort Worth, Texas
THE STATE OF TEXAS
COUNTIES OF TARRANT AND DENTON
CITY OF FORT WORTH
I, Gloria Pearson, City Secretary of the Crty of Fort Worth, m 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 of the City Council of the Crty of Fort Worth, Texas held on September 22,
1998, and of Ordinance No ~3~
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 m 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 Crty of Fort Worth, this 22nd day of September, 1998
Crty Secretary o the
Crty of Fort Worth, Texas
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(SEAL)
EXI-IIBIT A
NOTICE OF INTENTION TO ISSUE
REVENUE BONDS
NOTICE IS HEREBY GIVEN that rt is the intention of the City Council of the City of Fort
Worth, Texas, to issue the interest bearing revenue bonds of the City entitled "City of Fort Worth,
Texas Water and Sewer System Revenue Refunding and Improvement Bonds, Series 1998", for the
purpose of providing funds for extensions and improvements to the City's combined water and
wastewater system and to refinance certain outstanding bonds secured by a pledge ofthe net revenues
of the City's Water and Sewer System. The Crty Council tentatively proposes to authorize the
issuance of said revenue bonds at its regular meeting place in the Crty Hall at a regular meeting to
commence at 7 00 o'clock p.m. on the 10th day of November, 1998 The maximum amount of
revenue bond indebtedness that may be authorized for such purpose is $100,000,000 The City
Council presently proposes to provide for payment of such revenue bonds from a first lien pledge of
the net revenues of the City's Water and Sewer System.
CITY OF FORT WORTH, TEXAS
/s/ Kenneth Barr
Mayor