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RESOLUTION DIRECTING
ISSUE COMBINATION
OBLIGATION.
THE STATE OF TEXAS §
COUNTY OF TARRANT §
CITY OF RENNEDALE §
CITY OF RENNEDALE
RESOLUTION NO. 43
PUBLICATION OF NOTICE OF INTENTION TO
TAX AND REVENUE CERTIFICATES OF
WHEREAS, the City deems it advisable to give notice of intention
to issue one or more series of Certificates of Obligation in the maximum
principal amount of $475,000 for the acquisition of a fire truck and
acquisition and construction of certain improvements for its water
system, including the acquisition of well control equipment and the
relocation of water lines in the City and to pay legal, fiscal and
engineering fees in connection with this project; and
WHEREAS, it is hereby officially found and determined that the
meeting at which this Resolution was passed 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.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RENNEDALE:
1. That attached hereto is a form of the Notice of Intention to
issue Certificates of Obligation, the form and substance of which is
hereby adopted and approved.
2. That the City Secretary shall cause said notice to be
published in substantially the form attached hereto, in a newspaper of
general circulation in said City, and published in said City, on the
same day in each of two consecutive weeks, the date of the first
publication thereof to be at least 14 days prior to the time set for the
first reading of the ordinance authorizing the issuance of such
certificates of obligation as shown in said notice.
3. That this Resolution shall become effectively immediately upon
adoption.
PASSED AND APPROVED ON THIS 8TH DAY OF FEBRUARY, 1996.
APPROVED:
Mayor Bill Abbott
ATTEST:
City Secr tary
NITY
CERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS §
COUNTY OF TARRANT §
CITY OF KENNEDALE §
We, the undersigned officers of said City, hereby certify as follows:
1. The City Council of said City convened in Regular Meeting on the 8th day of
February, 1996, at the designated meeting place, and the roll was called of the duly constituted
officers and members of said City Council, to wit:
Bill Abbott Mayor
Mark Wright Mayor Pro tem
Tom Boone Councilmembers
Ron Kovach
Robert Mundy
George Barrett
Kathy Turner City Secretary
and all of said persons were present, except the following absentees: N/A , thus
constituting a quorum. Whereupon, among other business, the following was transacted at said
Meeting: a written
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
was duly introduced for the consideration of said City Council and read in full. It was then duly
moved and seconded that said Resolution be adopted; and, after due discussion, said motion carrying
with it the adoption of said Resolution, prevailed and carried by the following vote:
AYES: All members of the City Council shown present above voted "Aye" except as
shown below.
NOES: N/A
ABSTAIN: N/A
2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting
described in the above and foregoing paragraph is attached to and follows this Certificate; that said
Resolution has been duly recorded in said City Council's minutes of said Meeting; that the above and
foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of said
Meeting pertaining to the adoption of said Resolution; that the persons named in the above and
foregoing paragraph are the duly chosen, qualified and acting officers and members of said City
Council as indicated therein; that each of the officers and members of said City Council was duly arid
sufficiently notified officially and personally, in advance, of the time, place and purpose of the
aforesaid Meeting, and that said Resolution would be introduced and considered for adoption at said
Meeting, and each of said officers and members consented, in advance, to the holding of said Meeting
for such purpose, 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 Chapter 551, Texas Government Code.
3. That the Mayor of said City has approved and hereby approves the aforesaid
Resolution; that the Mayor and the City Secretary of said City have duly signed said Resolution; and
that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate
shall constitute the signing of the attached and following copy of said Resolution for all purposes.
SIGNED AND SEALED the 8th day of February, 1996.
City S chary Mayor
(SEAL)
S1','141ARTS 6011
CITY OF KENNEDALE
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION
The City of Kennedale does hereby give notice of intention to issue one or more series of
Combination Tax and Revenue Certificates of Obligation, in the maximum principal amount not to
exceed $76" for paying all or a portion of the city's contractual obligations for the acquisition
of a fire truck and acquisition and construction of certain improvements for its water system,
including the acquisition of well control equipment and the relocation of water lines in the City and
to pay legal, fiscal and engineering fees in connection with this project. The City proposes to adopt
an ordinance which will provide that the Certificates of Obligation shall be secured by a pledge of
funds received from the levy and collection of ad valorem taxes in the City as provided by law, and
from a limited pledge of the surplus revenues (the "Surplus Revenues ") of the City's Waterworks and
Sewer System, remaining after payment of all operation and maintenance expenses thereof, and all
debt service, reserve, and other requirements in connection with all of the City's revenue bonds or
other obligations (now or hereafter outstanding), which are payable from all or any part of the net
revenues of the City's Waterworks and Sewer System; provided that if there are Surplus Revenues
available to pay all or part of the Certificates of Obligation in any fiscal year, the levy of the ad
valorem taxes shall be reduced by the amount of Surplus Revenues which are available to pay debt
service on the Certificates of Obligation . The City Council intends to consider for passage at a
Regular Meeting to be held at 7:30 P.M. on March 14, 1996, an Ordinance authorizing the issuance
of Combination Tax and Revenue Certificates of Obligation, at the orth New Hope
Road, Ken nedal ,s•_,
CITY OF KENNEDALE
Bill Abbott, Mayor