R-2309-7-04RESOLUTION NO. 2309-7-04(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLL N
COUNTY, TEXAS, APPROVING AND AUTHORIZING PUBLICATION OF
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION.
WHEREAS, the City Council of the City of Allen, Texas, has determined that certificates of obligation
should be issued under and pursuant to the provisions of V.T.C.A, Local Government Code, Subchapter C of
Chapter 271 (the "Act"), for the purpose of paying contractual obligations to be incurred for (i) purchasing
land, materials, equipment and buildings for municipal golf course facilities and making improvements
thereto, and (ii) professional services rendered in relation to such project and the financing thereof; and,
WHEREAS, prior to the issuance of such certificates, the City Council is required to publish notice of its
intention to issue the same in accordance with the provisions of the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The City Secretary is hereby authorized and directed to cause notice to be published of the
Council's intention to issue certificates of obligation in one or more series during a meeting scheduled to
begin at 7:00 P.M. on the 10 day of September, 2004, which certificates of obligation shall be issued in a
principal amount not to exceed $5,500,000 for the purpose of paying contractual obligations to be incurred for
(i) purchasing land, materials, equipment and buildings for municipal golf course facilities and making
improvements thereto, and (ii) professional services rendered in relation to such project and the financing
thereof and shall be payable from ad valorem taxes and a pledge of the net revenues of the City's municipal
' golf course (the "Golf Course") remaining after payment of operating and maintenance expenses of the Golf
Course and payments of "Prior Lien Obligations" (as defined in said ordinance). The notice hereby approved
and authorized to be published shall read substantially in the form and content of Exhibit A hereto attached
and incorporated herein by reference as a part of this resolution for all purposes.
SECTION 2. The City Secretary shall cause the aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive weeks, the date of the first publication to be at least
fifteen (15) days prior to the date stated therein for the passage of the ordinance authorizing the issuance of
the certificates of obligation.
SECTION 3. It is officially found, determined, and declared that the meeting at which this Resolution is
adopted was open to the public and public notice of the time, place, and subject matter of the public business
to be considered at such meeting, including this Resolution, was given, all as required by V.T.C.A,
Government Code, Chapter 551, as amended.
SECTION 4. This Resolution shall be in force and effect from and after its passage on the date shown
below.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 13TH DAY OF JULY, 2004.
APPRO D:
ATTEST: Stephen Terrell, MAYOR
'� CMCCS e ley B. Geo , �RETA
RY
RESOLUTION NO. 2309-7-04(11)
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
ALLEN, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Allen, Texas, shall convene at 7:00
o'clock P.M. on the 14th day of September, 2004, at the City Hall, 305 Century Parkway,
Allen, Texas, and, during such meeting, the City Council will consider the passage of one or
more ordinances authorizing the issuance of certificates of obligation in one or more series in
an aggregate amount not to exceed $5,500,000 for the purpose of paying contractual
obligations to be incurred for (i) purchasing land, materials, equipment and buildings for
municipal golf course facilities and making improvements thereto, and (ii) professional services
rendered in relation to such project and the financing thereof, such certificates to be payable
from ad valorem taxes and a pledge of the net revenues of the City's municipal golf course (the
"Golf Course") remaining after payment of operating and maintenance expenses of the Golf
Course and payments for "Prior Lien Obligations" (as defined in said ordinance(s)). The
certificates are to be issued, and this notice is given, under and pursuant to the provisions of
V.T.C.A., Local Government Code, Subchapter C of Chapter 271.
Shelley B. George
City Secretary
City of Allen, Texas
1 45432291.3