2010-013 RES DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE COMBINATION TAX & REVENUE CERTIFICATES OF OBLIGATIONRESOLUTION NO. 2010-013
A RESOLUTI011i OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS,
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION; MAKING
OTHER FINDINGS A1VD PROVISIOIVS RELATED TO THE SUBJECT; A1VD
DECLARING AN EFFECTIVE DATE.
WHEREAS, this Ciry Council deems it advisable to give notice of intention to issue
certificates of obligation of the City of Paris, Texas, as hereinafter provided; 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.
1VOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, THAT:
Section 1. The findings set out in the preamble to this resolution are hereby in all things
approved.
Section Z. A form of the IVotice of Intention to issue Certificates of Obligation is attached
hereto as Exhibit "A", the form and substance of which is hereby adopted and approved.
Section 3. The City Clerk shall cause said notice to be published in substantially the
form attached hereto, in a newspaper of general circulation in the City, and published in the City
on the same day in each of two consecutive weeks, the date of the first publication thereof to be
at least 30 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.
Section 4. This resolution shall be effective immediately upon passage.
DULY PASSED AND APPROVED this 25th day of January, 2010.
ATTEST:
nice Ellis, City Clerk
APPROVED AS TO FORM:
W. Kent Mc ya ty Attorney
esse Ja s Freelen, Mayor
CITY OF PARIS, TEXAS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION
The City of Paris 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 $3,005,000, for paying
all or a portion of the City's contractual obligations incurred in connection with improving and expanding
South Collegiate Drive and making improvements to the frontage access for South Collegiate Drive and
paying legal, fiscal, engineering and architectural fees in connection with such project. The City proposes
to adopt an ordinance that will provide for the Certificates of Obligation to 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 pledge
of the surplus net revenues of the City's water and sewer system (the "System") that remain after payment of
all operation and maintenance expenses thereof, and after all debt service, reserve, and other requirements
in connection with all revenue bonds or other obligations (now or hereafter outstanding) of the City have been
met, to the extent that such obligations are payable from all or any part of the net revenues of the System.
The City Council intends to consider for passage at a meeting to be held at 5:30 P.M. on March 8, 2010, at
the Paris City Hall, 135 lst Street SE, Paris, Texas, an ordinance authorizing the issuance of Combination
Tax and Revenue Certificates of Obligation.
CITY OF PARIS, TEXAS
By: Jesse James Freelen, Mavor
EXHiBIT -L