2002-100-RES DIRECT PUBLICATIONS OF NOTICE OF INTENTION TO ISSUE COP, COMINATION TAX & REVENUE CERTIFICATES OF OBLIGATION, SERIES 2002
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RESOLUTION NO. 2002-100
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, DIRECTING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CITY OF PARIS, TEXAS, COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 2002; MAKING
OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT;
AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City of Paris, Paris, Texas, deems it advisable to give notice of intention
to issue Certificates of Obligation in the amount of $6,060,000.00 for paying all or a portion of
the City's contractual obligations for the purpose of acquiring an 83,000 sq. ft. building situated
on 23 acres, being referred to as the DARCO Building, which will be converted to a law
enforcement center for police, courts and jail, and other improvements related thereto; and for
paying legal, fiscal, architectural, and engineering fees in connection with these projects; 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; NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That attached hereto as Exhibit A is a form of the Notice of Intention to issue
Certificates of Obligation, the form and substance of which is hereby adopted and approved.
Section 3. That the City Clerk 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 fourteen (14) days prior to the time set for the issuance of such certificates of obligation
as shown in said notice.
Section 4. That this resolution shall become effective immediately upon adoption.
PASSED AND APPROVED this 10th day of June, 2002.
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ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
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CITY OF PARIS, TEXAS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 2002
IN THE PRINCIPAL AMOUNT OF $6,060,000
The City of Paris does hereby give notice of intention to issue Certificates of Obligation, Series
2002, in the maximum principal amount not to exceed $6,060,000.00, for paying all or a portion
of the City's contractual obligations for the purpose of acquiring an 83,000 sq. ft. building situated
on 23 acres, being referred to as the DARCO Building, which will be converted to a law
enforcement center for police, courts and jail, and other improvements related thereto; and for
paying legal, fiscal, architectural and engineering fees in connection with these projects. 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 limited 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. The City
Council intends to consider for passage, at its Regular Meeting to be held at 6:00 P.M. on August
8,2002, an Ordinance authorizing the issuance of Combination Tax and Revenue Certificates of
Obligation, Series 2002, in the City Council Meeting Room at the City Hall, Paris, Texas.
Michael J. Pfiester, Mayor
EXIDBIT A