R74-14 06-24-74RESOLUTION NO. 74-14
A RESOLUTION AUTHORIZING THE GIVING OF NOTICE
OF INTENTION TO ISSUE TIME WARRANTS; PROVIDING
THE DETAILS RELATING THERETO; AND CONTAINING
OTHER PROVISIONS RELATING TO THE SUBJECT.
WHEREAS, the City Council of the City of Pearland, Texas, has determined,
and hereby determines and declares, that it is necessary and desirable for the
City to construct permanent street improvements within certain areas of the
City on which 50% of the residents, and 30% of abutting property owners on any
street, or 600 foot portion thereof, have agreed to participate with the City
in the cost of said improvements, and
WHEREAS, the terms and conditions of participation as expressed in the
City of Pearland Street Paving Policy Resolution No, 73,5 make it necessary
for the City to construct the indicated streets and pay for all materials
prior to billing the residents along such streets for their participation cost,
and
WHEREAS, certain property owners who will not participate with the City
in street improvements will be assessed for the improvements in accordance with
applicable State Statutes thereby making it necessary for the City to finance
certain portions of the project for a period of time, and
WHEREAS, the funds obtained by Ordinance No, 225 are currently commttted
to projects presently in various stages of completion, and
WHEREAS, it is the desire to the City to initiate construction of additional
streets, meeting the aforementioned requisites, during the Summer of 1974, thereby
making it necessary and desirable to issue Time Warrants of the City for the
purpose of evidencing the indebtedness of the City to pay part of the cost of
said improvements as heretofore expressed.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY orPEARLAND,
TEXAS
Section I.
That the facts and recitations contained in the preamble of this Resolution
are hereby found and declared to be true and correct.
Section II.
That the City Secretary is hereby authorized and directed to cause to be
published in the manner required by law, a notice of intention to issue Time
Warrants in substantially the following form, to -wit:
NOTICE OF INTENTION TO ISSUE TIME WARRANTS
To tha Qualified Voters of the City of Pearland, Texas, whose names appear
in the last approved tax rolls of Property Taxpayers, andto all other interested
persons:
Notice is hereby given, that it is the intention of the City Council to
pay for a part of the cost of constructing permanent street improvements within,
certain areas of the City of which 50% of the residents, and 30% of the abutting
property owners on any street, or 600 foot portion thereof, have agreed to
participate with the City in the cost of such improvements, as expressed in the
City of Pearland Street Paving Policy Resolution No. 73-5, by the issuance of
Time Warrants in the maximum amount of $60,000,00
Said Time Warrants to bear interest at a rate not to exceed ajs mum of six and
$) one-half
(6402 per annum, and maturing serially over a period of years not to exceed 6 percent
years from their date or dates, with maximum maturing date not later than
August; 1, 1981.
By order of the City Council of the City of Pearland, Texas.
Dorothy L. Cook
City Secretary
City of Pearland, Texas
Section III.
That the notice set forth in Section II of this Resolution shall be
published in the Sun Progress, once a week for two (2) consecutive weeks prior
to July 22, 1974, the date of the first publication to be at least fourteen
(14) days prior to July 22, 1974. It is hereby found and declared that the
Sun Progress is the official newspaper of the City of Pearland and is a
newspaper of general circulation within the City of Pearland, Texas, A copy
of said notice shall also be posted at least fourteen .(14) days prior to
July 22, 1974.
Section IV.
That this Resolution shall take effect from and after it passage on
first and final reading.
Passed and approved this -Z((�� 9' day of �2. conc., , 1974,
Attest.
CITY' S PEARLAND, TEXAS
Carlton. McComb, Mayor
City Secretary
1
1
NOTICE OF INTENTION TO ISSUE
TIME WARRANTS
TO THE )QUALIFIED VOTERS OF THE CITY OF PEARLAND , TEXAS , WHOSE
NAMES APPEAR IN THE LAST APPROVED TAX ROLLS OF PROPERTY TAX-
PAYERS, AND TO ALL OTHER INTERESTED PERSONS .
Notice is hereby given, that it is the intention of the
City Council to pay for a part of the cost of constructing
permanent street improvements within certain areas of the City
of which 50% of the residents , and 30% of the abutting property
owners on any street, or 600 foot portion thereof , have agreed
to participate with the City in the cost of such improvements ,
as expressed in the City of Pearland Street Paving Policy
Resolution No. 73-5 , by the issuance of Time Warrants in the
Maximum amount of $60 ,000 , 00 .
Said Time Warrants to bear interest ,at a rate not to exceed
a maximum of six and one-half;Hpercex t) (6(,Z/2 0)' per annum, and
maturing serially over a period of years not to exceed six years
from their date or dates , with maximum maturing date not later -
than August 1 , 1981.
By order of the City Council of the City of Pearland, Texas .
Dorothy L. C21ok
City Secretary
City of Pearland, Texas
I J y
AFFIDAVIT OF PUBLICATION
Pt • 1/LIC '�
)�T� 141
I(
BECAUSE THE PEOPLE
MUST KNOW"
Publish July'4 & lli<<1974 Y
et, NOTICE OF INTEVION , "
TO9SS IE . - -
THE STATE OF TEXAS ) TIME WARRAN s� �
Brazoria To the qualified votetf ofa e`s
COUNTY OF ) city of Pearland,.Texas -whose,,"
names appear :in the lastm p •
proved tax`'rolls ofs proper4,-.:
taxpayers,and to ale other in'; 7
BEFORE ME, the undersigned authority, a Notary Public in and tesstadrperson's _--3- _•
Nofice ereby given that it�r
for said State and County, on this day personally appearedsthe +tntenrtonsrof ahe city .
Councilito pay,for a3P ttof�t ens
Priscilla Hawkins cosfof constructing permanent
, being known street improvementst�,Ittiin4�
certain areas' of iheCity
to me, and being by me first duly sworn, upon his oath deposes and says: whim so%of the residents, and"
owon�ersfon en abuttingtiprlpp#rhy„y
that he is the editet-publisher of TiPga1 s for S17n Progress , y street or 6 d'fcot;
a news a er of general circulation ublished in Bra zoria partici they ith have'Ci yreed�ho ti
p p p � participate with fhe City�i��the*�;.
cost,of such improvements as
County, Texas: that a copy of the attached notice was published in the
y expressed 'in.' fne c;iryof.
En lish lan ua a in said news a er on the followin dates•: ! Pearland Street Paving:+Po icy`: .
g g g p p g Resolution Nov. 73 s ,'�by the :,
issuance of Time War ants inh
July 19 71.{. the maximum amount, of-'
$6o,000.00. �.
Said Time Warrenys 3o�bear .i
July U. 19 .74interest at a rate nor�fo zceeed
a maximum of sx3and one alf
percent (6 1/2%) per,ann m h
. , 19 and maturing serially;of er; a`'._
period of years not•to exceed six i
19 years from their.'dtec
aoR dot s -
' with maximum .maturingtdate
not later than August 1';1981 act
, 19 By order of the City Cou oil of-
the City of Pearland, Texas
• /s/Dorothy. L. Cook ,' `
19 City Secretary . `,y,�a
_CO
of Pearland,,:Texas<; '
{
A copy of such notice being attached hereto and expressly made a
part of this affidavit of publisher or other duly authorized person.
Priscilla Hawkins .
By: :-- - C?,� �e�_c.,4.,/, -
Classified Manager
SWORN TO AND SUBSCRIBED before me by the said
- Pr.iseilla--Hawkins_ - - - - - _ •-. _ _ --
, publisher of
�Lega18 for Sun Progress 19th
= , on this the
day of .Tilly , 19 74 , to certify which _
witness my hand and seal of office.
_=-L. S. Brazoria--- Oil : r
• , Notary Public in and for
:i
Printer's Fee: $20,L20
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NOTICE OF INTENTION TO ISSUE
TIME WARRANTS
TO THE _QUALIFIED VOTERS OF THE CITY OF PEARLAND, TEXAS , WHOSE
NAMES APPEAR IN THE LAST APPROVED TAX ROLLS OF PROPERTY TAX-
PAYERS , AND TO ALL OTHER INTERESTED PERSONS .
Notice is hereby given, that it is the intention of the
City Council to pay for a part of the cost of constructing
permanent street improvements within certain areas of the City
of which 50% of the residents , and 30% of the abutting property
owners on any street , or 600 foot portion thereof , have agreed
to participate with the City in the cost of such improvements ,
as expressed in the City of Pearland Street Paving Policy
. Resolution No. 73-5 , by the issuance of Time Warrants in the
Maximum amount of $60 ,000 . 00 .
Said Time Warrants to bear interest at a rate not to exceed
a maximum of six and one-half :percent' (601/2-0).= per annum, and
maturing serially over a period of years not to exceed six years
from their date or dates , with maximum maturing date not later
than August 1 , 1981.
By order of the City Council of the City of Pearland, Texas .
\^ -
Dorothy L. Cook
City Secretary
City of Pearland, Texas - -