• NOTICE OF INTENTION TO ISSUE C...

NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF

OBLIGATION OF THE CITY OF ROYSE CITY, TEXAS NOTICE IS HEREBY GIVEN that the City Council of Royse City, Texas, at its meeting to

commence at 7:00 P.M. on August 28, 2018, at its regular meeting place in the Council Chambers, 100 W. Main Street, Police and Courts Building, Royse City, Texas, tentatively proposes to adopt an ordinance authorizing the issuance of interest

bearing certificates of obligation, in one or more

series, in an amount not to exceed $4,000,000, for paying all or a portion of the City’s contractual

obligations incurred in connection with: (i)

constructing, reconstructing and improving streets, roads, sidewalks and alleys, including bridges and intersections, street overlay, landscaping, lighting, signalization, traffic safety and operational

improvements, culverts and related storm drainage and utility relocation, and the acquisition of land and interests in land as necessary therefor; (ii)

acquisition of vehicles and equipment for the fire department, police department and parks

department (iii) purchase of land sites for future municipal complex; (iv) park improvements,

including a new restroom facility; (v) renovating and improving existing police and courts building and city hall building; and (vi) paying legal, fiscal and engineering fees in connection with these projects. The City proposes to provide for the payment of such certificates of obligation from the levy and

collection of ad valorem taxes in the City as

provided by law and from a pledge of surplus

revenues of the City’s waterworks and sewer

system, remaining after payment of all operation and maintenance expenses thereof, 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 City’s waterworks and sewer

system. The certificates of obligation are to be

issued, and this notice is given, under and

pursuant to the provisions of Texas Local

Government Code, Subchapter C of Chapter 271.

CITY OF ROYSE CITY, TEXAS
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PostedJuly 13, 2018