R99-060 08-23-99RESOLUTION NO. R99-60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, DELAYING AND POSTPONING THE ISSUANCE OF THE CITY'S
WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 1999, UNTIL
SEPTEMBER 13, 1999.
WHEREAS, by notice published on August 4, 1999, and August 11, 1999, the City
of Pearland, Texas (the "City"), gave notice of its intention to authorize the issuance of the
City's Water and Sewer System Revenue Bonds, Series 1999 (the "Bonds"), payable solely
from a pledge of the net revenues of the City's water and sewer system, in the maximum
aggregate principal amount of $8,000,000; and
WHEREAS, the City Council of the City (the "City Council") has determined that
consideration of the issuance of the Bonds should be delayed and postponed until
September 13, 1999; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That consideration of the issuance of the Bonds is postponed until the
City Council meeting to be held at its regular meeting place at City Hall, Pearland, Texas,
at 7:30 p.m. on September 13, 1999.
PASSED, APPROVED, AND ADOPTED this~ r~ day
~ of ,
A.D., 1999.
ATTEST:
TOM REID
MAYOR
RESOLUTION NO. R99-60
APPROVED AS TO FORM:
CITY ATTORNEY