R71-32 11-08-71RESOLUTION NO._Z�_-,YA
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 in which 60% of the property owners on any street, or 600 foot "'portion
thereof, have agreed to participate with the City in the cost of said improve-
ments, and
WHEREAS, the terms and conditions of participation as expressed in the
City of Pearland Street Paving Policy Resolution No. 71-26 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 City Budget for the Fiscal Year of 1971-72 did not include
funds for such improvements, 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 OF PEARLAND,
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
l
Warrants in substantially the following form, to -wit:
Notice of Intention to Issue Time Warrants 1
To the Qualified Voters of the City of Pearand, Texas, whoe names appear
in the last approved tax rolls of Property Taxpayers, 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, in which 60% of the property owners on
any street, or 600 foot portion thereof, have agreed to participate with
the City in the cost of said improvements, as expressed in the City of Pearland
Street Paving Policy Resolution No. 71-26, by the issuance of Time Warrants
in the maximum amount of $50,000.00.
Said Time Warrants to bear interest at a rate not to exceed Six and
one-half percent (6 1/2%) per annum, and maturing serially over a period of
years not to exceed Five (5) years from their date or dates, with maximum
maturing date not later than January 1, 1977.
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 December 3, 1971 , the date of the first publication to be
at least fourteen (14) days prior to December 3, 1971 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 December 3, 1971.
Section IV.
That this resolution shall take effect from and after its passage.
Passed and approved this �_ day of1971.
CITY OF PEARLAND, T
D. R. Kel eV, Mayor
Attest:
City Secretary
2.
i
POSTED ON NOVEMBER 11, 1972
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 TAXPAYERS, 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, in which 60% of the property owners on any street,
or 600 foot portion thereof, have agreed to participate with the City in the
cost of said improvements, as expressed in the City of Pearland Street Paving
Policy Resolution No. 71-26, by the issuance of Time Warrants in the maximum
amount of $50,000.00.
Said Time Warrants to bear interest at a rate not to exceed Six and
one-half percent (6 1/2%) per annum, and maturing serially over a period of
years not to exceed Five (5) years from their date or dates, with maximum
maturing date not later than January 1, 1977.
By order of the City Council of the City of Pearland, Texas.
Dorothy L. Cook
City Secretary
City of Pearland, Texas
4e
s
AFFIDAVIT OF PUBLICATION
THE STATE OF TEXAS
COUNTY 1 i i :
BEFORE ME, the undersigned authority, a Notary Public in and
for said State and County, on this day personally appeared
A. E. BOWEN , being known
to me, and being by me first duly sworn, upon his q6th deposes and says:
that he is the editor -publisher of SUN PROMESS
a newspaper of general circulation published in—BRA70RTA
County, Texas: that a copy of the attached notice was published in the
English language in said newspaper on the following dates:
November --18---. 19 71
------------------------------------------------ Navembex---25.... 19
--------------------- 19
19
----------------------------- 19
19 ------
A copy of such notice being attached hereto and expressly made a
part of this affidavit of publisher or other duly authorized person.
SUN PROGRESS
By:
SWORN TO AND SUBSCRIBED before me by the said
_A.*" E. BOWEN
, publisher of
SUN PROGRESS , on this the 181-
day
st
day of December 19 71 to certify which
witness my hand and seal of office.
L. S. Sraiorr a --- C�
Notar Publ- d for
ex9s. a sy j. Derisby—.
Printer's Fee: ......x.7,9-90 ....................
DEC R 191 JJ
C'Ty OF
PEARLAND
LEGAL NONCE
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 TAXPAYtRS,
AND TO ALL OTHER IN-
TERESTED PERSONS
Notice is hereby given, that it
is the intent -ion of the City
Council to pay for a part of the
cost of constructing ppr nanent
street improvements within
certain areas of the City, in
which 60% of the property
owners on any street, or 600 foot
portion thereof, have agreed to
participate with the City in the
cost of said improvements, ifs
expressed in the City 01
Pearland Street Paving Policy
Resolution No. 71-26, by the
issuance of Time Warrants in
the maximum amount of
$50,000.00.
Said Time Warrants to bear
interest at,a rate not to exceed
Six and one-half percent (6
1/2%) per annum, and maturing
serially over a period of years
not to exceed Five (5) years
from their date or dates, with
maximum maturing date not
later than January 1, 1977.
By order of the City Council of
the City of Pearland, Texas.
/s/ Dorothy L. Cook
Dorothy L. Cook
City Secretary
City of Pearland, Texas