Agenda Packet 06-23 - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS AUTHORIZING THE ISSUANCE AND SALE OF CITY OF PARIS, TEXAS, TAX NOTES, SERIES 2025; PROVIDING FOR THE PAYMENT OF SAID NOTES; APPROVING THE OFFICIAL STATEMENT; PROVIDING AN EFFECTIVE DATE; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT THE STATE OF TEXAS § COUNTY OF LAMAR § CITY OF PARIS § WHEREAS, the City Council (the "Council") of the City of Paris, Texas (the "City") hereby finds and determines that it is necessary, useful and appropriate for the City's public purposes to authorize and provide for the issuance and sale of a note of the City for the purposes hereinafter set forth, as authorized by Chapter 1431, Texas Government Code, as amended; and WHEREAS, it is officially found, determined, and declared that the meeting at which this Ordinance has been adopted was open to the public and public notice of the time, place and subject matter of the public business to be considered and acted upon at said meeting, including this Ordinance, was given, all as required by the applicable provisions of Texas Government Code, Chapter 551; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved and incorporated herein for all purposes. Section 2. RECITALS, AMOUNT AND PURPOSE OF THE NOTES. The recitals set forth in the preamble hereof are incorporated herein and shall have the same force and effect as if set forth in this Section. The City of Paris, Texas, Tax Notes, Series 2025 (the "Notes") are hereby authorized to be issued and delivered in the aggregate principal amount of $ for the purpose of paying all or a portion of the City's contractual obligations incurred in connection with (i) the purchase and equipment of an Aerial Apparatus, Pumper Truck, Brush Truck and Command Vehicle; (ii) the purchase and equipment of a Rescue Dive Boat; (iii) the purchase of materials, supplies and equipment including Breathing Apparatus Equipment; (iv) the purchase of a tractor and mower for the Code Enforcement department; (v) the purchase of vehicles and equipment for the police department; (vi) the purchase of vehicles and equipment for the Emergency Medical Services department; (vii) paying fees for legal, fiscal, engineering, architectural and other professional services in connection with such projects (collectively, the "Projects"); and (viii) paying the costs incurred in connection with the issuance of the Notes. Section 3. DESIGNATION, DATE, DENOMINATIONS, NUMBERS, AND MATURITIES AND INTEREST RATES OF NOTES. Each Note issued pursuant to this Ordinance shall be designated: "CITY OF PARIS, TEXAS, TAX NOTE, SERIES 2025," and initially there shall be issued, sold, and delivered hereunder one fully registered Note, without