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1976-07-12 CITY COUNCIL REGULAR MEETING MINUTESMINUTES OF A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON JULY 12, 1976 AT 7:30 P.M. IN THE CITY HALL, 2335 N. TEXAS AVENUE, PEARLAND TEXAS. The meeting was called to order with the following present: Mayor Carlton McComb Councilman Harry Farley Councilman Terry Gray Councilman Tom Reid Councilman Benny J. Frank City Manager William E. Wolff City Attorney Bobby J. Williams City Secretary Dorothy L. Cook Absent from the meeting: Councilman Cecil W. Griffin INVOCATION AND PLEDGE OF ALLEGIANCE: The invocation was given by Councilman Farley. The Pledge of Allegiance was led by Councilman Gray. BID OPENINGS: The following bids were opened: VENDOR PRODUCT PRICE Hill Sand Company Bid #1 Fill material $2.00/yd. $ 10,000.00 Ike Hall, Inc. Bid #1 Limestone $10.50/cu.yd. 115,500.00 Bid #2 Hot mix asphalt $2.06/sq.yd. 76,220.00 Angle -Tex Bid #1 Bank gravel $7.70/yd. 84,700.00 Bid #2 Hot mix asphalt $2.50/sq.yd. 92,500.00 Brown & Root Bid #2 Hot mix asphalt $1.71/sq.yd. 63,270.00 Chennault Materials Bid #1 Crushed concrete $5.95/yd 65,450.00 Fill material $1.80/yd 9,000.00 San Marcos Paving Bid #2 Hot mix asphalt $1.75/sq.yd. 64,750.00 Warren Brothers Bid #2 Hot mix asphalt $1.63/sq.yd. 60,310.00 Horton & Horton Bid #1 Tri -flex base $10.30/cu.yd. 113,300.00 Colorado Rock Bid #1 Lime Rock $10.00/cu.yd. 110,000.00 Pearland Lumber Bid #3 Bridge Materials & supplies and hardware 25,632.33 Conroe Creosoting Bid #3 Bridge Materials & supplies 21,305.20 Olsen & Guerra Lumber Bid #3 Bridge Materials & supplies 21,594.36 It was mot, ed,by'Counlilman Reid, seconded by Councilman Farley that the above bids be received into the records of the City and referred to the City Manager for tabulation and recommendation later in the meeting. Motion passed 4 to 0. APPROVAL OF MINUTES: It was moved by Councilman Gray, seconded by Councilman Reid that the minutes of the regular meeting held on June 28, 1976 be approved as submitted. Motion passed 4 to 0. MAVl1R' C ArrPTVT'PV RF.P(1RT Mayor McComb answered questions submitted by Mrs. Jamison regarding the issuance of the Certificates of Obligation. Mayor McComb advised Mrs. Jamison that the total amount of the issues would be $240,000.00 for land, road rights-of-way for streets, and $195,000.00 for materials for bridges and roadways. The Certificates of Obligation for $195,000.00 will require approval of the Attorney General, the issue for $240,000.00 will not. The Certificates of Obligation will be accompanied by a Transcript of Proceedings. Mrs. Jamison also wanted to know if the proposed funds raised from the Certificates of Obligation be itemized as to what specific projects the funds are allocated and how much of the money would be spent on each project. Mayor McComb advised that the projects will be defined as to class of project only. The City will specify the amount to be spent on each project when known. This information will not be in the Transcript of Proceedings. COUNCIL ACTIVITY REPORTS: Councilman Gray reported on the activities of the Bicentennial celebration of July 3rd, and July 4th. Councilman Farley reported that the Pearland Area Emergency Service will meet on the 16th. The classes have been completed and some 40 citizens are registered as Emergency Medical Asssistants. The meeting on the 16th is to plan for the size and strength and to consider if they are a likely group to come to the City Council to offer to sponsor the Emergency Medical Service. This will in all probability be at the next regular Council meeting. DEPARTMENTAL REPORTS: None DOCKETED PUBLIC HEARINGS: NO. 1 - REQUEST FOR CHANGE IN LAND USE BY WOODROW LESIKAR, ET AL APPLICATION NO. 25. OP to C. Block 2, Lots 1 through 20; Block 3, Lots 1 through 16; Block 4, Lots 1 through 20 in Airport,Subdivision, Section 4, Pearland, Texas. PERSONS WISHING TO SPEAK FOR THE PROPOSED REQUEST FOR CHANGE: 1. Mr. Woodrow Lesikar PERSONS WISHING TO SPEAK AGAINST THE PROPOSED REQUEST FOR CHANGE: 1. Mr. Cecil Barcelo, operator of the Windsong Nursing Home, requested an explanation of Commercial as it applies to zoning of this area. Mayor McComb advised he would recess the hearing and continue later in the meeting to give Mr. Barcelo adequate time to study the various uses of a commercial district. RECESSED AT 8:15 P.M. NO. 2 - REQUEST FOR CHANGE IN LAND USE BY BERNICE E. WALLACE, APPLICATION NO. 27. GB AND PU to M-1 (LIGHT INDUSTRIAL) 5 acres, more or less, out of and off the North line of a certain 35.123 acres of land out of the W. Zychlinski Subdivision of Section Two of the H.T. & B.R.R. Survey, Abstract No. 542 and Section Three of the H.T. & B.R.R. Survey, Abstract No. 232 in Brazoria County, Texas, said 35.123 acre tract being described by metes and bounds in a certain deed from S. A. Morales and wife, Lena Costa Morales, to and in favor of Barry Construction Co. in Volume 490, Page 505. LT. 64A-1, 542 H.T. & B. and LTS 65 -A -70-A 232 H. T. & B. PERSONS WISHING TO SPEAK FOR THE REQUESTED CHANGE: None PERSONS WISHING TO SPEAK AGAINST THE REQUESTED CHANGE: None QUESTIONS FROM THE CITY COUNCIL: A discussion was held with Mrs. Wallace, owner of the property,regarding the planned use if the zoning change was approved. Mrs. Wallace advised that the prospective buyer of the property has backed out, however, she wanted the property changed to the M-1 classification for sale purposes. PUBLIC HEARING ADJOURNED: 8:25 P.M. PUBLIC HEARING NO. 1 - RECONVENED 8:26 P.M. Mayor McComb returned to Public Hearing No. 1 under Persons Wishing to Speak Against the Requested Change in Zoning, and asked Mr. Barcelo whether or not he wanted to go on record as opposing the change. Mr. Barcelo advised that in view of the fact that he was not sure of the meaning of commercial as it related to zoning he would oppose the requested change. PUBLIC HEARING ADJOURNED AT 8:30 P.M. MEETING RECESSED AT 8:30 P.M. - RECONVENED AT 8:40 P.M. PUBLIC HEARING NO. 3 - RECONVENE PUBLIC HEARING ON STREET ASSESSMENTS WILLITS DRIVE, CREEKRIDGE DRIVE, MCGINNIS DRIVE AND TAYLOR LANE. Mayor McComb advised that before any action on Ordinance No. 327 and Ordinance No. 328, closing the hearing and accepting the streets, he wished to remind those present that the purpose of the Hearing was to abide by State Law 1105b which spells out the steps the City must take in assessing the landowner for paving and improvements. The issue at hand is whether or not the City has abided by that Law and whether or not you feel that your property has been enhanced by an amount equal or greater than the assessment of $2.00 per front foot. Mayor McComb asked if anyone in the audience wished to give testimony regarding this subject and hearing none, he advised that the Hearing was closed and the reading of the Ordinances would be under Item 5 and 6 of New Business. 191 CHANGE IN ORDER OF BUSINESS: NEW BUSINESS: REQUEST BY LARRY LOESSIN FOR APPROVAL OF BUILDING PERMIT ON LOT LESS THAN ORIGINAL PLAT: City Manager Wolff advised that the lot in question was at one time owned by Mr. W. E. Parker and is part of a larger tract originally platted many years ago. Mr. Wolff advised that there are only two lots remaining and Mr. Loessin asked that he be issued a permit in compliance with city requirements that requires the City Council to approve building permits where the lots have been reduced from the original plat. It was moved by Councilman Farley, seconded by Councilman Reid that the described property, 140.9' x 105' tract known as Tract A-2 out of Tract "L" of the W. Zychlinski Subdivision be released for building permit. Motion passed 4 to 0. AWARDING OF CONTRACTS: A report on the tabulation of bids opened earlier in the meeting indicated that Olsen and Guerra and Conroe Creosoting Co. did not comply with the requirements of the bid. These bids are incomplete. The recommendation/to award the bid to Pearland Lumber Company for a total of $25,632.33. (Bridge Materials and Hardware). The 11,000 cu. yds. of base material, the recommendation is to award the bid to Chennault Material Co. for a total of $65,450.00; for the 5,000 cu. yds. of fill material, the recommendation is to award the bid to Chennault Material Co. for a total of $9,000.00 and for the 37,000 sq. yds. of hot mix asphalt, the recommendation is to award this bid to Warren Brothers for $60,410.00. All of the above are approximate quantities. It was moved by Councilman Frank, seconded by Councilman Farley that the Bridge Materials and Supplies be awarded to the Pearland Lumber Co. in the amount of $25,632.33 as being the best and lowest bid; the the approximate 11,000 cu. yds. of flexible base material be awarded to Chennault Materials for $5.95 a cu.yd. and the approximate amount of 5,000 cu. yds. of fill material be awarded to Chennault Materials at $1.80 a cu. yd. The approximate amount of 37,000 sq. yds. of hot mix asphalt be awarded to Warren Brothers at $1.63 sq. yd. All of. the awards contingent upon approval of the Certificates of Obligation. Motion passed 4 to 0. UNFINISHED BUSINESS: 182 APPLICATION NO. 25, CHANGE IN LAND USE - WOODROW LESIKAR, ET AL: It was moved by Councilman Farley, seconded by Councilman Frank that upon the recommendation of the Planning & Zoning Commission that Application No. 25 be approved and the necessary ordinance be prepared for consideration by the City Council. Motion passed 4 to 0. APPLICATION NO. 27, CHANGE IN LAND USE - BERNICE E. WALLACE: It was moved by Councilman Farley, seconded by Councilman Gray that upon the recommendation of the Planning and Zoning Commission that Application No. 27 be approved and the necessary ordinance be prepared for consideration by the City Council. Motion passed 4 to 0. ORDINANCE NO. 246-16, AMENDING THE LAND USE DISTRICT MAP - APPLICATION NO. 23 GABRIEL BAIZAN: Ordinance No. 246-16 was read in full by Councilman Farley. (Second Reading) It was moved by Councilman Farley, seconded by Councilman Gray that Ordinance No. 246-16 be passed and approved on second and final reading. Said Ordinance No. 246-16 reads in caption as follows: ORDINANCE NO. 246-16 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS, AMENDING ORDINANCE NO. 246, KNOWN AS THE LAND USE AND URBAN DE- VELOPMENT ORDINANCE OF THE CITY OF PEARLAND, TEXAS; PROVIDING FOR AMENDMENT OF THE LAND USE DISTRICT MAP, PROVIDING AN EFFECTIVE DATE AND CONTAINING OTHER PRO- VISIONS RELATING TO THE SUBJECT. A tract containing five (5) acres of land, more or less, being the North 1/2 of the East ten (10) acres of Lot 30, Section 4, H. T. & B. Survey, Abstract 543, Brazoria County, Texas. Voting "Aye" - Councilman Farley, Councilman Reid, Councilman Gray, and Councilman Frank. Voting "No" - None Motion passed 4 to 0. ORDINANCE NO. 246-17, AMENDING THE LAND USE DISTRICT MAP - APPLICATION NO. 24, GEORGE E. YOUNG, TRUSTEE: Ordinance No. 246-17 was read in full by Councilman Gray. (Second reading) It was moved by Councilman Gray, seconded by Councilman Frank that Ordinance No. 246-17 be passed and approved on second and final reading. Said Ordinance No. 246-17 reads in caption as follows: ORDINANCE NO. 246-17 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS, AMENDING ORDINANCE NO. 246, KNOWN AS THE LAND USE AND URBAN DEVELOPMENT ORDINANCE OF THE CITY OF PEARLAND, TEXAS; PROVIDING FOR AMENDMENT OF THE LAND USE DISTRICT MAP, PROVIDING AN EFFECTIVE DATE AND CONTAINING OTHER PRO- VISIONS RELATING TO THE SUBJECT. 28.75399 acres being comprised of portions of Lot 18, and the southwesterly 1/2 of Lot 19 of the Jenkins Subdivision shown on the map recorded in Volume 79, Page 616 & 617 of the deed records of Brazoria County, Texas and protions of Lots 1,2,3, 4,5,6,7,8,9,10,11, & 12, of the Narregang Subdivision, a sub- division of part of Lots 19, 20, & 21 of the aforementioned Jenkins Subdivision, part of the W.D.C. Hall Survey, Abstract Number 70, shown in map recorded in Volume 3, Page 53 of the plat records of Brazoria County, Texas. Discussion: A motion was made, seconded and passed that Mr. George Young be recognized to speak before the City Council. Mr. Young advised the City Council that the reason he requested the change in land use was so that he might go ahead and proceed with plans for commercial use, and that he felt that the use of the property as commercial was the only logical and maximum use for the property. Mayor McComb called for a vote on the motion for passage of the ordinance. Voting "Aye" - Councilman Reid, Councilman Frank, and Councilman Gray. Voting "No" - Councilman Farley. Motion passed 3 to 1. ORDINANCE NO. 246-18, AMENDING THE LAND USE DISTRICT MAP - APPLICATION NO. 26 TOMMY HAMBY, ET UX: ..�. Ordinance No. 246-18 was read in full by Councilman Reid. (Second Reading) It was moved by Councilman Reid, seconded by Councilman Frank that Ordinance No. 246-18 be passed and approved on second and final reading. Said Ordinance No. 246-18 reads in caption as follows: ORDINANCE NO. 246-18 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS, AMENDING ORDINANCE NO. 246, KNOWN AS THE LAND USE AND URBAN DEVELOPMENT ORDINANCE OF THE CITY OF PEARLAND, TEXAS; PROVIDING FOR AMENDMENT OF THE LAND USE DISTRICT MAP, PROVIDING AN EFFECTIVE DATE AND CONTAINING OTHER PRO- VISIONS RELATING TO THE SUBJECT. Being 2 1/2 acres out of the East 1/2 of Lot or Tract 47, Section 4, H.T. & B.R.R. Co. Survey, Abstract No. 543, Brazoria County, Texas, and being more fully described by metes and bounds. Voting "Aye" - Councilman Frank, Councilman Gray, Councilman Reid, and Councilman Farley. Voting "No" - None r-` Motion passed 4 to 0. AGREEMENT WITH FRANK BARRINGER - CORRIGAN NORTH SUBDIVISION: The Council considered the agreement with the developer of Corrigan North Subdivision regarding maintenance of sewer lines. The Council had previously agreed to release the building permits on this subdivision as soon as an agreement satisfactory to all involved was prepared and approved by the City Council. 184 It was moved by Councilman Frank, seconded by Councilman Gray that the Mayor be authorized to execute the Agreement between Frank Barringer and the City of Pearland regarding maintenance of sewer lines in Corrigan North Subdivision. Motion passed 4 to 0. AUDITOR - FISCAL YEAR ENDING SEPTEMBER 30, 1976: City Manager Wolff recommended that the firm of Lairson, Young & Fitch be retained as auditors for the City for the fiscal year ending September 30, 1976. It was moved by Councilman Reid, seconded by Councilman Frank that the firm be retained as auditors for the fiscal year ending September 30, 1976, for the purpose of examining the financial statements of the City for a fee of $3,600.00, plus out-of-pocket expenses. Motion passed 4 to 0. ORDINANCE NO. 327 - CLOSING HEARING ON SPECIAL ASSESSMENTS AGAINST THE OWNERS OF REAL PROPERTY ABUTTING WILLITS DRIVE, CREEKRIDGE DRIVE, MCGINNIS DRIVE AND TAYLOR LANE: Ordinance No. 327 was read in full by City Attorney Bobby Williams. (First Reading) It was moved by Councilman Farley, seconded by Councilman Reid that Ordinance No. 327 be passed and approved on first reading. Said Ordinance No. 327 reads in caption as follows: ORDINANCE NO. 327 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS CLOSING THE HEARING ON SPECIAL ASSESSMENT AGAINST THE OWNERS OF CERTAIN REAL PROPERTY ABUTTING CERTAIN PORTIONS OF WILLITS DRIVE, CREEKRIDGE DRIVE, MCGINNIS DRIVE AND TAYLOR LANE WITHIN THE CITY OF PEARLAND, TEXAS; FINDING AND DETERMINING THE SPECIAL BENEFITS TO EACH PARCEL OF ABUTTING PROPERTY AND THE ENHANCE- MENT OF VALUE OF EACH PARCEL OF ABUTTING PROPERTY BY REASON OF THE CONSTRUCTION OF IMPROVEMENTS TO SAID PORTIONS OF SAID PUBLIC STREETS; DECLARING THE AMOUNT OF ASSESSMENT AGAINST SAID ABUTTING PROPERTIES AND DECLARING AN EFFECTIVE DATE. Voting "Aye" - Councilman Frank, Councilman Gray, Councilman Reid, and Councilman Farley. Voting "No" - None Motion passed 4 to 0. ORDINANCE NO. 328 - ACCEPTING STREET IMPROVEMENTS ON WILLITS DRIVE, CREEKRIDGE DRIVE, MCGINNIS DRIVE AND TAYLOR LANE: Ordinance No. 328 was read in full by Councilman Frank. (First Reading) It was moved by Councilman Frank, seconded by Councilman Gray that Ordinance No. 328 be passed and approved on first reading. Said Ordinance No. 328 reads in caption as follows: ORDINANCE NO. 328 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS,ACCEPTING STREET IMPROVEMENTS ON WILLITS DRIVE, CREEKRIDGE DRIVE, MCGINNIS DRIVE AND TAYLOR LANE. • Voting "Aye" - Councilman Farley, Councilman Reid, Councilman Gray and Councilman Frank. Voting "No" - None Motion passed 4 to 0. MEETING RECESSED 10:00 P.M. - RECONVENED 10:05 P.M. RECESS OF MEETING: Mayor McComb recessed the meeting until 5:30 P. M., Friday, July 16, 1976 and at that time the meeting will be reconvened for the purpose of considering Ordinance No. 332, AN ORDINANCE AUTHORIZING THE ISSUANCE OF $240,000 CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION AND ORDINANCE NO. 333, AN ORDINANCE AUTHORIZING THE ISSUANCE OF $195,000 CERTIFICATES OF OBLIGATION. MEETING RECESSED AT 10:10 P.M. MEETING RECONVENED AT 5:30 P.M., FRIDAY, JULY 16, 1976: THE STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND The City Council of the City of Pearland, Texas, convened in regular meeting, open to the public, on the 12th day of July, 1976, at the City Hall, and the roll was called of the duly constituted officers and members of the City Council and the City Secretary of the City, to -wit: Carlton McComb Mayor Tom Reid Councilman and Mayor Pro Tem Cecil W. Griffin Councilman Harry Farley Councilman Terry Gray Councilman Benny J. Frank Councilman Dorothy L. Cook City Secretary Dorothy S. Thompson Assistant City Secretary and all of said persons were present, except the following absentees: Cecil W. Griffin, thus constituting a quorum. After certain business was transacted the Mayor announced publicly that said meeting was recessed and would be reconvened on the 16th day of July, 1976, at 5:30 P.M. at the same place. The meeting was duly reconvened at such time and place, and all of the persons listed above were present, except the following absentees: Councilmen Farley and Griffin, and City Secretary Dorothy L. Cook, thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written ordinance entitled: ORDINANCE NO. 332 ORDINANCE AUTHORIZING ISSUANCE OF $240,000 CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT r (the "Ordinance") was duly introduced for the consideration of the City Council and reviewed in full. It was then duly moved and seconded that the Ordinance be passed; and, after due discussion, the motion, carrying with it the passage of the Ordinance, prevailed and carried by the following vote: AYES: All members of the City Council shown present above voted ..Aye... NOES: None. The Mayor thereupon announced that the Ordinance had been duly and lawfully adopted on first reading. The Ordinance thus adopted follows: 186 ORDINANCE NO. 332 ORDINANCE AUTHORIZING ISSUANCE OF $240,000 CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT THE STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND WHEREAS, the City Council of the CITY OF PEARLAND, TEXAS (the "City"), authorized the publication of a notice of intention to issue certificates of Obligation to the effect that the City Council will meet in the City Hall of the City on July 12, 1976, to adopt a resolution authorizing the issuance of certifi- cates of obligation, payable from City ad valorem taxes, for the purpose of evi- dencing the indebtedness of the City for all or any part of the cost of the pur- chase of land, rights-of-way for the roads, bridges and streets of the City, and the cost of professional services incurred in connection therewith; and WHEREAS, such notice was published at the times and in the manner required by the Constitutions and laws of the State of Texas and of the United States of America, respectively, particularly Article 2368a.1, Vernon's Texas Civil Statutes, as amended; THAT: THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND Section 1. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. Section 2. The City's negotiable certificates of obligation, to be designated CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976 (hereinafter called the "Certificates"), are hereby authorized to be issued and delivered in the principal amount of $240,000 for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the purchase of land, rights-of-way for the roads, bridges and streets of the City, and the cost of professional services incurred in connection therewith. Section 3. The Certificates shall be dated July 1, 1976, shall be numbered consecutively from 1 through 48, shall be in the denomination of $5,000 each and shall mature serially on August 1 of each of the years, and in the amounts, respectively, set forth in the following schedule: YEAR AMOUNT 1978 $30,000 1979 20,000 1980 25,000 1981 25,000 1982 30,000 1983 25,000 1984 30,000 1985 30,000 1986 25,000 Section 4. The Certificates shall bear interest from their date to maturity or redemption at the rate of 6.25% per annum, evidenced by interest coupons which shall appertain to the Certificates and which shall be payable on the dates indicated in the FORM OF CERTIFICATE set forth in this ordinance. Section 5. The Certificates, and the interest coupons appertaining there- to, shall be payable, shall have the characteristics, and shall be signed and executed (and the Certificates shall be sealed), all as provided and in the manner indicated in the FORM OF CERTIFICATE set forth in this ordinance. Section 6. The form of the Certificates, including the form of regis- tration certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each of the Certificates, and the form of the afore- said interest coupons which shall appertain and be attached initially to each of the Certificates, shall be, respectively, substantially as follows: NO. FORM OF CERTIFICATE: UNITED STATES OF AMERICA STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND, TEXAS CERTIFICATE OF OBLIGATION SERIES 1976 $5,000 ON AUGUST 1, 19 , the CITY OF PEARLAND (the "City"), in the Counties of Brazoria and Harris, in the State of Texas, promises to pay to bearer the principal amount of FIVE THOUSAND DOLLARS and to pay interest thereon, from the date hereof, at the rate of 6.25% per annum, evidenced by interest coupons payable August 1, 1977, and annually thereafter on each August 1 while this Certificate is outstanding. The principal of this Certificate and the interest coupons appertain- ing hereto shall be payable to bearer, in lawful money of the Unite States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this Certificate or proper interest coupon at the PEARLAND STATE BANK, .... Pearland, Texas, which shall be the paying agent for this series of Certificates. THIS CERTIFICATE is one of a series of negotiable, coupon certificates, dated July 1, 1976, numbered consecutively from 1 through 48, in the denomination Of $5,000 each, aggregating $240,000, issued in accordance with the Constitution and laws of the State of Texas, particularly Article 2368a.1, Vernon's Texas Civil Statutes, as amended, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the purchase of land, rights-of-way for the roads, bridges and streets of the City, and the cost of professional services in- curred in connection therewith, and pursuant to an ordinance adopted by the City Council of the City on the 12th day of July, 1976. IT IS HEREBY certified, recited, and covenanted that this Certificate has been duly and validly authorized, issued, and delivered; that all acts, condi- tions, and things required or proper to be performed, exist, and be done precedent to or in the issuance and delivery of this Certificate, have been per.formed,existed, and'been done in accordance with law; that this Certificate is a general obligation of the City, issued on the full faith and credit thereof; that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this Certificate, as such interest comes due and such principal matures, have been levied and ordered to be levied against all taxable property in the City and have been pledged irrevocably for such payment within the limits prescribed by law; that this Certificate shall be a debt of the City within the meaning of Article XI, Sections 5 and 7 of the Constitution of Texas; and that, when delivered, this Certificate shall be deemed and construed (i) to be a "Security" within the meaning of Chapter 8, Investment Securities, Uniform Commercial Code (Chapter 785, Acts of the 60th Legislature, Regular Session, 1967), and (ii) to be a general obligation of the City within the meaning of Chapter 784, Acts of the 61st Legislature of Texas, Regular Session, 1969. "31: IN WITNESS WHEREOF, this Certificate of Obligation and the interest coupons appertaining hereto have been signed with the facsimile signature of the Mayor and countersigned with the facsimile signature of the City Secretary of the City, respectively, and the official seal of the City has been duly impressed, or placed in facsimile, on this Certificate. COUNTERSIGNED: xxxxxxxxxxxxxxxx City Secretary CITY OF PEARLAND, TEXAS (SEAL) xxxxxxxxxxxxxxxx Mayor CITY OF PEARLAND, TEXAS FORM OF REGISTRATION CERTIFICATE: COMPTROLLER'S REGISTRATION CERTIFICATES § REGISTER NO. I hereby certify that this Certificate of Obligation has been examined, certified as to validity, and approved by the Attorney General of the State of Texas, and that this Certificate of Obligation has been registered by the Comptroller Of Public Accounts of the State of Texas. WITNESS my signature and seal this xxxxxxxxxxxxxxxxx (SEAL) Comptroller of Public Accounts of the State of Texas FORM OF INTEREST COUPON: NO. $ ON AUGUST 1, 19 , the CITY OF PEARLAND, in the Counties of Brazoria and Harris, State of Texas, promises to pay to bearer the amount shown on this interest coupon, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this interest coupon, at the PEARLAND STATE BANK, Pearland, Texas, said amount being interest due that day on the Certificates of Obligation bearing the number hereinafter designated of that issue Of CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976, dated July 1, 1976. Certificate No. xxxxxxxxxxxxxxxxxxxxxx City Secretary xxxxxxxxxxxxxxxx Mayor Section 7. A special fund or account, to be designated the "City of Pearland, Texas, Certificates of Obligation, Series 1976, Interest and Sinking Fund" (hereinafter called the "Interest and Sinking Fund", is hereby created and shall be established and maintained by the City at an official depository bank of the City. The Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of the City and shall be used only for paying the interest on and principal of the Certificates. All ad valorem taxes levied and collected for and on account of the Certificates shall be deposited, as collected, to the credit of the Interest and Sinking Fund. During each year while any of the Certificates or interest coupons appertaining thereto are outstanding and unpaid, the City Council Of the City shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to raise and produce the money required to pay the interest on the Certificates as such interest comes due and to provide and maintain a sinking fund adequate to pay the principal of the Certificates as such principal matures but never less than 2% of the original principal amount of the Certificates as a sinking fund each year; and said tax shall be based on the latest approved tax rolls of the City, with full allowance being made for tax delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax are hereby levied, and are hereby ordered to be levied, against all taxable property in the City for each year while any of the Certificates or interest coupons appertaining thereto are outstanding and unpaid; and said tax shall be assessed and collected each such year and deposited to the credit of the Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of the Certificates, as such interest comes due and such principal matures, are hereby pledged irrevocably for such payment within the limits prescribed by law. Section 8. Immediately following delivery of the Certificates to the purchaser thereof, the accrued interest and premium, if any, shall be deposited in the Interest and Sinking Fund. Section 9. The City certifies that based upon all facts, estimates and circumstances now known or reasonably expected to be in existence on the date the Certificates are delivered and paid for, the City reasonably expects that the proceeds of the Certificates will not be used in a manner that would cause the Certificates or any portion of the Certificates to be an "arbitrage certificate" under Section 103 (d) (2) of the Internal Revenue Code of 1954, as amended, and the temporary and proposed regulations heretofore prescribed thereunder, including, without limitation, Sections 1.103-13 and 1.103-14 of the proposed regulations published in the Federal Register on May 13, 1973. Furthermore, all officers, employees and agents of the City are authorized and directed to provide cer- tifications of facts, estimates and circumstances which are material to the reason- able expectations of the City as of the date the Certificates are delivered and paid for, and any such certifications may be relied upon by counsel, by the owners or holders of the Certificates, or by any person interested in the exemption of interest on the Certificates from Federal income taxation. Moreover, the City covenants that it shall make such use of the proceeds of the Certificates, regulate investments of proceeds of the Certificates, and take such other and further action as may be required so that the Certificates shall not be "arbitrage certificates" under Section 103(d) of the Internal Revenue Code of 1954, as amended, and regulations prescribed from time to time thereunder. Section 10. The Mayor of the City is hereby authorized to have control of the Certificates and all necessary records and proceedings pertaining to the Certificates pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of the Certificates, the Comptroller of Public Accounts (or a deputy designated in writing to act for the Comptroller) shall manuallysign the Comptroller's Regis- tration Certificate prescribed herein to be printed and endorsed on each Certifi- cate; and the seal of the Comptroller shall be impressed, or placed in facsimile, on each of the Certificates. Section 11. The Certificates are hereby sold and shall be delivered to UNDERWOOD, NEUHAUS & CO., INCORPORATED, Houston, Texas, for the par value thereof and accrued interest thereon to date of delivery, subject to the unqualified approving opinions, as to the legality of the Certificates, of the Attorney General of the State of Texas and of Vinson, Elkins, Searls, Connally & Smith, Houston, Texas, market attorneys. 190 Section 12. The approving opinion of Vinson, Elkins, Searls, Connally & Smith, Houston, Texas, may be printed on the back of each of the Certificates, but errors or omissions in such opinion shall have no effect on the validity of the Certificates. Section 13. The Mayor and all other appropriate officers of the City are hereby authorized and directed to do any and all things necessary or convenient to carry out the provisions of this ordinance. Section 14. This ordinance shall take effect immediately upon its passage on second reading. Section 15. It is hereby officially found and determined that the need of the City for such financing creates an emergency and an urgent public necessity for the holding, at the scheduled time, of the meeting of the City Council at which this ordinance is adopted and for the adoption of this ordinance; and the NOTICE OF MEETING relating to said meeting and heretofore posted by the City Secretary, and the posting thereof, is hereby authorized, approved, adopted, ratified, and confirmed. PASSED AND APPROVED this 16th day of July, 1976. ATTEST: Mayor CITY OF PEARLAND, TEXAS City Secretary CITY OF PEARLAND, TEXAS (SEAL) THE STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND The City Council of the City of Pearland, Texas, convened in regular meeting, open to the public, on the 12th day of July, 1976, at the City Hall, and the roll was called of the duly constituted officers and members of the City Council and the City Secretary of the City, to -wit: Carlton McComb Mayor Tom Reid Councilman and Mayor Pro Tem Cecil W. Griffin Councilman Harry Farley Councilman Terry Gray Councilman Benny J. Frank Councilman Dorothy L. Cook City Secretary Dorothy S. Thompson Assistant City Secretary and all of said persons were present, except the following absentees: Cecil W. Griffin, thus constituting a quorum. After certain business was transacted the Mayor announced publicly that said meeting was recessed and would be reconvened on the 16th day of July, 1976, at 5:30 P.M. at the same place. The meeting was duly reconvened at such time and place, and all of the persons listed above were present, except the following absentees: Councilmen Farley and Griffin, and City Secretary Dorothy L. Cook, thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written ordinance entitled: ORDINANCE NO. 333 ORDINANCE AUTHORIZING ISSUANCE OF $195,000 CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976-A; RATIFYING CONTRACT OR CONTRACTS; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT (the "Ordinance") was duly introduced for the consideration of the City Council and reviewed in full. It was then duly moved and seconded that the Ordinance be passed; and, after due discussion, the motion, carrying with it the passage of the Ordinance, prevailed and carried by the following vote: AYES: All members of the City Council shown present above voted "Aye". NOES: None. The Mayor thereupon announced that the Ordinance had been duly and lawfully adopted on first reading. The Ordinance thus adopted follows: Ell ORDINANCE NO. 333 ORDINANCE AUTHORIZING ISSUANCE OF $195,000 CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976-A; RATIFYING CONTRACT OR CONTRACTS; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT THE STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND WHEREAS, the City Council of the CITY OF PEARLAND, TEXAS (the "City"), authorized the publication of a notice to bidders to the effect that competitive bids would be received by the City Council on July 12, 1976, for furnishing mater- ials and supplies for improving the roads, bridges and streets of the City, to -wit: (1) base material and fill; (2) hot -mix asphalt surfacing material; and (3) bridge construction materials and supplies, and that the City intends to issue certificates of obligation for the purchase, or purchases, of such materials and supplies; and WHEREAS, such notice was published at the times and in the manner required by the Constitutions and laws of the State of Texas and of the United States of America, respectively, particularly Article 2368a.1, Vernon's Texas Civil Statutes, as amended; and WHEREAS, on the date specified in said notice the City Council caused the bids received to be opened and tabulated and the following have been determined to be the lowest and best bids: Bidder Amount of Bid CHENNAULT MATERIALS, INC., Houston (base material and fill) $74,450.00 WARREN BROTHERS, CO., Houston (hot -mix asphalt surfac.mat.) 60,310.00 PEARLAND LUMBER CO., Pearland (bridge construc. mat. & sup.) 25,632.33 and the City Council has heretofore, by resolution, determined to accept such bids and has entered into contracts for such materials and supplies; and WHEREAS, it is hereby found and determined that such bids in every respect meet the specifications mentioned in the notice to bidders; and WHEREAS, the said bidders elected at the time of the receipt by the City Council of such bids to assign such certificates without discount to UNDERWOOD, NEUHAUS & CO., INCORPORATED, Houston, Texas, with whom the City Council has made provision for such assignment; and WHEREAS, it is hereby found and determined that the City Council is authorized to proceed with the issuance of said certificates of obligation in accordance with the terms and provisions of this ordinance; THAT: THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND Section 1. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. Section 2. The City Council hereby approves, ratifies, and confirms in all respects the contracts mentioned in the preamble of this ordinance. Section 3. The City's negotiable certificates of obligation, to be designated CITY OF PEARLAND, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 1976-A (hereinafter called the "Certificates"), are hereby authorized to be issued and delivered in the principal amount of $195,000 for the purpose of evidencing the indebtedness of the City for all or any part of the cost of purchasing materials and supplies for improving the roads, bridges and streets of the City, to -wit: (1) base material and fill; (2) hot -mix asphalt surfacing material; and (3) bridge 192 construction materials and supplies, including the cost of professional services in connection therewith, in strict conformity with the Constitution and laws of the State of Texas, particularly Article 2368a.1, Vernon's Texas Civil Statutes, as amended. Section 4. The Certificates shall be dated July 1, 1976, shall be numbered consecutively from 1 through 195, shall be in the denomination of $1,000 each and shall mature serially on August 1 of each of the years, and in the amounts, respec- tively, set forth in the following schedule: YEAR AMOUNT 1986 $ 51000 35,000 1987 35,000 1988 40,000 1989 40,000 1990 1991 40,000 Section 5. The Certificates shall bear interest from the date of initial delivery shown on the face of each Certificate at the rate of 6.25% per annum, interest payable on the dates indicated in the FORM OF CERTIFICATE set forth in this ordinance. Section 6. The Certificates shall be registrable both as to principal and interest, shall be payable, and shall have the characteristics, and shall be signed and executed (and the Certificates shall be sealed), all as provided and in the man- ner indicated in the FORM OF CERTIFICATE set forth in this ordinance. Section 7. The form of Certificates, including the form of the Certificate of Registration, shall be, respectively, substantially as follows: NO. FORM OF CERTIFICATE: $1,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS CITY OF PEARLAND, TEXAS CERTIFjjaj R Q72BIGATION ON AUGUST 1, 19 , the CITY OF PEARLAND (hereinafter called the "City"), in the Counties of Brazoria and Harris, in the State of Texas, promises to pay to bearer or, if this Certificate is registered, to the registered owner hereof, the principal amount of ONE THOUSAND DOLLARS and to pay interest thereon, FROM THE DATE OF INITIAL DELIVERY SHOWN ON THE FACE HEREOF, to bearer or, if this Certificate is registered, to the registered owner hereof, at the rate of 6.25% per annum, interest payable August 1, 1977, and annually thereafter on each August 1 while this Certificate is outstanding. Both the principal of and interest on this Certificate shall be payable, without exchange or collection charges to the owners or holders, upon presentation and, in the case of the principal when due, surrender of this Certificate at the PEARLAND STATE BANK, Pearland, Texas, which shall be the paying agent for this series of Certificates. THIS CERTIFICATE is one of a series of negotiable, registrable Certificates of Obligation, dated July 1, 1976, numbered from 1 through 195, in the denomination Of $1,000 each, aggregating $195,000, issued in accordance with the Constitution and laws of the State of Texas, particularly Article 2368a.1, Vernon's Texas Civil Statutes, as amended, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of purchasing materials and supplies for improving the roads, bridges and streets of the City, to -wit: (1) base material and fill; (2) hot -mix asphalt surfacing material; and (3) bridge construction materials and 193 supplies, including the cost of professional services in connection therewith, and pursuant to an ordinance adopted by the City Council of the City on the 12th day of July, 1976. IT IS HEREBY certified, recited, and covenanted that this Certificate has been duly and validly authorized, issued, and delivered; that all acts, conditions, and things required or proper to be performed, exist, and be done precendent to or in the issuance and delivery of this Certificate, have been performed, existed, and been done in accordance with law; that this Certificate is a general obligation of the City, issued on the full faith and credit thereof; that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this Certificate, as such interest comes due and such principal matures, have been levied and ordered to be levied against all taxable property in the City and have been pledged irrevocably for such payment within the limits prescribed by law; that this Certificate shall be a debt of the City within the meaning of Article XI, Sections 5 and 7 of the Constitution of Texas; and that, when delivered, this Certificate shall be deemed and construed (i) to be a "Security" within the meaning of Chapter 8, Investment Securities, Uniform Commercial Code (Chapter 785, Acts of the 60th Legislature, Regular Session, 1967), and (ii) to be a general obligation of the City within the meaning of Chapter 784, Acts of the 61st Legislature of Texas, Regular Session, 1969. THIS CERTIFICATE shall be transferable by delivery unless registered as to principal in the owner's name upon books of the City to be kept for that purpose at the office of the City Secretary of the City, the registrar, such registration to be noted hereon. After such registration, no transfer of this Certificate shall be valid unless made on said books at the request of the registered owner hereof, or his duly authorized agent, and similarly noted hereon; but this Certificate may be discharged from registration by being in like manner transferred to bearer, whereupon transferability by delivery shall be restored; and this Certificate may again and from time to time be registered or made payable to bearer as before. IN WITNESS WHEREOF, this Certificate of Obligation has been signed by the Mayor of the City and countersigned by the City Secretary of the City, and the official seal of the City has been duly impressed, or placed in facsimile, on this Certificate. DATE OF INITIAL DELIVERY OF THIS CERTIFICATE: COUNTERSIGNED: xxxxxxxxxxx City Secretary CITY OF PEARLAND, TEXAS xxxxxxxxxxxxxxx Mayor CITY OF PEARLAND, TEXAS (SEAL) ------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------- CERTIFICATE OF REGISTRATION: IT IS HEREBY CERTIFIED that, at the request of the holder of the within Certificate, I have this day registered it as to principal in the name of such holder as indicated in the registration blank below, on the books kept by me for such purpose. The principal of and interest on this Certificate shall be payable only to the registered holder named in the below registration blanks. If the last transfer recorded on the books of the Registrar and in the below registration blank shall be to bearer, the principal and interest of this Certificate shall be payable to bearer, and such Certificate shall be in all respects negotiable. UWA Signature of Name of Registered Holder Date of Registration City Secretary (Registrar) Section 8. A special fund or account, to be designated the "City of Pearland, Texas, Certificates of Obligation, Series 1976-A, Interest and Sinking Fund" (hereinafter called the "Interest and Sinking Fund"), is hereby created and shall be established and maintained by the City at an official depository blank of the City. The Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of the City and shall be used only for paying the interest on and principal of the Certificates. All ad valorem taxes levied and collected for and on account of the Certificates shall be deposited, as collected, to the credit of the Interest and Sinking Fund. During each year while any of the Certificates are outstanding and unpaid, the City Council of the City shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to raise and produce the money required to pay the interest on the Certificates as such interest comes due and to provide and maintain a sinking fund adequate to pay the principal of the Certificates as such principal matures but never less than 2% of the original principal amount of the Certificates as a sinking fund each year; and said tax shall be based on the latest approved tax rolls of the City, with full allowance being made for tax delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax are hereby levied, and are hereby ordered to be levied, against all taxable property in the City for each year while any of the Certificates are outstanding and unpaid; and said tax shall be assessed and collected each such year and deposited to the credit of the Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of the Certificates, as such interest comes due and such principal matures, are hereby pledged irrevocably for such payment within the limits pre- scribed by law. Section 9. Claims incurred for the purposes set forth in Section 3 hereof may be funded and exchanged for a like total principal amount of Certificates, and any amount in excess of the principal amount of Certificates delivered at any one time may be paid in cash or carried forward to a subsequent exchange, or exchanges, of claims for Certificates. However, none of the Certificates authorized by this ordinance shall be delivered except pursuant to a further ordinance, or ordinances, to be adopted by this City Council. Section 10. The Mayor and all other appropriate officers of the City are hereby authorized and directed to do any and all things necessary or convenient to carry out the provisions of this ordinance. Section 11. This ordinance shall take effect immediately upon its passage on second reading. Section 12. It is hereby officially found and determined that the need of the City for such financing creates an emergency and an urgent public necessity for the holding, at the scheduled time, of the meeting of the City Council at which this ordinance is adopted and for the adoption of this ordinance; and the NOTICE OF MEETING relating to said meeting and heretofore posted by the City Secretary, and the posting thereof, are hereby authorized, approved, adopted and ratified. PASSED AND APPROVED this 16th day of July, 1976. ATTEST: Mayor City Secretary CITY OF PEARLAND, TEXAS CITY OF PEARLAND, TEXAS MEETING ADJOURNED AT 6:05 P.M. Minutes approved as submitted and/or corrected this Z day of A. D. 1976. Mayor ATTEST: City Secretary