• CITY OF GAINESVILLE, TEXAS ...

CITY OF GAINESVILLE, TEXAS



NOTICE OF INTENTION TO ISSUE

CERTIFICATES OF

OBLIGATION



The City of Gainesville does hereby give notice of intention to issue one or more series of its Certificates of Obligation, in the maximum principal amount not to exceed $8,000,000 for paying all or a portion of the City's contractual obligations incurred in connection with (1) constructing and equipping of a fire station and the purchase of any interests in land necessary therefor, (2) constructing and equipping of a solid waste transfer station and the purchase of any interests in land necessary therefor, (3) constructing, improving, extending, expanding, upgrading and developing streets and roads, bridges and intersections, including utility relocation, landscaping, sidewalks, traffic safety, curbs and gutters, the purchase of any interests in land necessary therefor and other related costs, (4) constructing, installing, acquiring and equipping additions, extensions and improvements to the City's combined waterworks and sewer systems, (5) installing and constructing improvements to the City's storm water and drainage system, including the acquisition of land and interests in land necessary therefor and (6) paying legal, fiscal, engineering and architectural fees in connection with these projects. The City proposes to adopt an ordinance which will provide that the Certificates of Obligation shall 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 combined water and sewer system (the “System”), that remain after paying all operation and maintenance expenses of the System, 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 System. The City Council intends to consider for passage at a meeting to be held at 6:30 P.M. on January 16, 2018, an ordinance authorizing the issuance of the Certificates of Obligation, at the City Council Chambers of the City, located at 200 S. Rusk Street in Gainesville, Texas.



CITY OF GAINESVILLE



/s/ Jim Goldsworthy

Mayor
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PostedDecember 07, 2017