R235RESOLUTION N0.235
RESOLUTION AUTHORIZING NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS §
COUNTY OF TARRANT §
CITY OF KENNEDALE §
WHEREAS, the City Council. of the City of Kennedale, Texas (the "City")hereby determines
that it is necessary and desirable to acquire right-of--ways and construct street, curb, and sidewalk
improvements, together with utility relocation and drainage improvements incidental thereto (the
"Project");
WHEREAS, the City Council of the City intends to finance the Project from proceeds
derived from the sale of one or more series of Combination Tax and Revenue Certificates of
Obligation issued by the City pursuant to Sections 271.041 - 271.063, Texas Local Government
Code, as amended; and
WHEREAS, pursuant to Section 271.049, Texas Local Government Code, the City Council
deems it advisable to give notice of intention to issue certificates of obligation in an amount not to
exceed an aggregate of $2, 735, 000 for the purpose of paying, in whole or in part, the Project, to pay
all or a portion of the legal, fiscal and engineering fees in connection with the Project, and to pay the
costs of issuance related to the certificates of obligation; 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
KENNEDALE, TEXAS:
SECTION 1. APPROVAL OF NOTICE OF INTENTION. Attached hereto is a form of the "Notice
of Intention to Issue Combination Tax and Revenue Certificates of Obligation", the form and
substance of which is hereby adopted and approved.
SECTION 2. AUTHORIZATION TO PUBLISH NOTICE OF INTENTION. 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, on the same day in each of two consecutive weeks, the date of the first
publication thereof to be before the 30th day before the date tentatively set for the passage of the
ordinance authorizing the issuance of such certificates of obligation as shown in said notice. The
City Manager and the City Secretary are each authorized to make changes to said Notice as necessary
prior to its publication.
SECTION 3. INCORPORATION OF RECITALS. The City Council hereby finds that the
statements set forth in the recitals ofthis Resolution are true and correct, and the City Council hereby
incorporates such recitals as a part ofthis Resolution.
SECTION 4. EFFECTIVE DATE. This Resolution shall become effective immediately upon
passage.
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PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
KENNEDALE, TEXAS ON THE 9`"` DA Y OF A UGUST, 2007.
Ci Secret
ty ary, ity of Kennedale, Texas Mayor, City of Kennedale, Texas
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[SIGNATURE PAGE TO NOTICE OF INTENTION RESOLUTION]
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CITY OF KENNEDALE, TEXAS
NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
The City Council of the City of Kennedale, Texas (the "City") does hereby give notice of
intention to issue one or more series of City of Kennedale, Texas Combination Tax and Revenue
Certificates of Obligation in the maximum aggregate principal amount not to exceed $2, 735, 000 for
the purpose of paying, in whole or in part, contractual obligations incurred to acquire right-of--ways
and construct street, curb, and sidewalk improvements, together with utility relocation and drainage
improvements incidental thereto. The City proposes to provide for the payment of such Certificates
of Obligation from the levy and collection of ad valorem taxes in the City as provided by law and
_ from a lien on and pledge of "Surplus Revenues", if any, received by the City from the ownership
and operation of the City's waterworks and sanitary sewer system. The City Council pro oses to
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authorize the issuance of such Certificates of Obligation at 7:00 p.m. on Thursday, September 13,
2007, at a Regular Meeting, at the City Hall, Kennedale, Texas.
/s/ B an Lankhorst
Mayor, City of Kennedale, Texas
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