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R-87-1053 - 10/2/1987RECEIVED SEP 2 4 1987 W.A. "BILL" HARRISON 111 PRESIDENT September 22, 1987 Joanne Land City Secretary 214 E. Main Round Rock, Texas 78664 Dear Joanne: Enclosed is the timetable of the schedule of events for the issuance of the City's Certificates of Obligation. The timetable discloses the required dates and actions needed to take place for their legal issuance. If you have any questions whatsoever, please do not hesitate to call. With kindest and personal regards, I am WAH /mp cc: Sam Huey 327 NORTH CONGRESS AVENUE HARRISON - MAYES SECURITIES INVESTMENT BANKERS Sincerely yours, William A. Harrison III • SUITE 200 512 322 0133 a)/ /6 - 3/2_ AUSTIN, TEXAS 78701 MEMBER NASD SIPC City of Round Rock, Texas Timetable for Issuance of Certificates of Obligation October 6, 1987 - Tuesday Regular Council Meeting: Passage of City's Notice of Intent to sell Certificates of Obligation. Adopt Financial Advisory contract. October 12, 1987 - First publication of City's Notice of Intent Monday to sell Certificates of Obligation in Round Rock Leader. October 19, 1987 - Second required publication of the Notice of Monday Intent. Submission of all materials to the rating agencies. October 26, 1987 - Mail out of Prospectus. copies delivered to Monday the City. November 12, 1987 - Regular Council Meeting: Thursday A) Receipt of bids for Certificates of Obligation. B) Award sale and adopt bond ordinance. C) Pass resolution adopting and approving the prospectus (Notice of Sale, Bid Form and Official Statement). D) Enter into Paying Agent agreement. December 15, 1987 - Delivery of Certificates of Obligation Tuesday proceeds. Re- investment of all available monies. NOTICE IS HEREBY GIVEN that the City Council of the City of Round Rock, Texas (the "City "), will meet in the Council Chambers, City of Round Rock, 221 East Main, Round Rock, Texas, at 7:00 p.m. on the 1st day of December, 1987, to adopt an ordinance and take such other action as may be deemed necessary to authorize the issuance of the City's Combination Tax and Revenue Certificates of Obligation, Series 1987, payable from City ad valorem taxes and certain revenues of the waterworks and sanitary sewer system of the City, in the maximum aggregate principal amount of $2,200,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council, and maturing over a period of years not to exceed twenty (20) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the construction and improvement of roads, bridges and streets for the City and equipment associated therewith and the acquisition of any right -of -way necessary therefor; and the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 6th day of October, 1987. (SEAL) NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION PUB. DATES: October 12, 1987 October 19, 1987 s/ Joanne ALAI 41 C y Secretary C TY OF ROUND ROCK, TEXAS AVISO DE INTENCION DE EMITIR CERTIFICADOS DE OBLIGACION SE NOTIFICA POR EL PRESENTE que el Cabildo Municipal de la Ciudad de Round Rock, Texas (la "Ciudad "), se reunira en la Sala del Cabildo de la Ciudad de Round Rock, 221 East Main, Round Rock, Texas, a las 7:00 p.m. del dia 1° de diciembre de 1987, para adoptar una ordenanza y tomar cualquiera otra accion que se considere necesaria para autorizar la emision de los Certificados de Obligacion Combinados de Impuestos e Ingresos de la Ciudad, Serie 1987, pagaderos de impuestos Municipales al valor y de ingresos del sistema de abastecimiento de aquas y alcantarillas sanitarias de la Ciudad, en la cantidad maxima total princi- pal agregada de $2,200,000, lievando interns a cualquiera tasa o tasas, a no exceder la tasa maxima de interds en el presente o en el futuro autorizada por la ley, segun sea determinado a discrecion del Cabildo Municipal, y con vencimiento sobre un periodo de anos a no exceder veinte (20) anos a partir de la fecha de los mismos, para el proposito de evidenciar el adeudo de la Ciudad por el total o alguna parte del costo de la construccion y el mejorami- ento de caminos, puentes y calles para la Ciudad y equipo relacionado a to mismo y la adquisicion de cualquier derecho de paso necesario para lo mismo; y el costo de servicios profesionales incurridos en relacibn a lo mismo. OTORGADO ANTE MI Y EL SELLO OFICIAL DE LA CIUDAD, este dia 6 de octubre de 1987. (SELLO) do/ Joa e L .d I0■Lt .i il' Sa retario Municipa1 CIUDAD DE ROUND ROCK, TEXAS RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK § WHEREAS, the City Council of the City of Round Rock, Texas (the "City "), deems it advisable to issue Certificates of Obligation of the City in accordance with the notice hereinafter set forth; Now, Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: Section 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. Section 2. The City Secretary is hereby authorized and directed to cause to be published in the manner required by law and in substantially the following form, a notice of intention to issue Certificates of Obligation: NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Round Rock, Texas (the "City "), will meet in the Council Chambers, City of Round Rock, 221 East Main, Round Rock, Texas, at 7:00 p.m. on the 1st day of December, 1987, to adopt an ordinance and take such other action as may be deemed necessary to authorize the issuance of the City's Combination Tax and Revenue Certificates of Obligation, Series 1987, payable from City ad valorem taxes and certain revenues of the waterworks and sanitary sewer system of the City, in the maximum aggregate principal amount of $2,200,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council, and maturing over a period of years not to exceed twenty (20) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the construction and improvement of roads, bridges and streets for the City and equipment associated therewith and the acquisition of any right -of -way necessary therefor; and the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 6th day of October, 1987. (SEAL) Joanne La City Secretary CITY OF ROUND ROCK, TEXAS -2- Section 3. The notice set forth in Section 2 above shall be published in both English and Spanish once a week for two (2) consecutive weeks in a newspaper which is of general circulation in the City, the date of the first publication to be not less than fourteen (14) days prior to the date tentatively set in said notice for the passage of the ordinance authorizing the issuance of such Certificates of Obligation. Section 4. The Mayor, City Secretary, and other officers of the City are hereby authorized and directed to do any and all things necessary or desirable to carry out the provisions of this resolution. Section 5. This resolution shall take effect immedi- ately upon its passage. Section 6. It is hereby officially found and de- termined 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 resolution is adopted and for the adoption of this resolution; and the NOTICE OF MEETING relating to said meeting and heretofore posted by the City Secretary, and the posting thereof, are hereby authorized, approved, and ratified. PASSED AND APPROVED this 6th day of October, 1987. Mayor ATTEST: CITY OF ROUND ROCK, TEXAS s/ Joanne Land Ci Secretary 0 CITY OF ROUND ROCK, TEXAS (SEAL) i /s/ Mike o 'ns n -3- THE STATE OF TEXAS § COUNTY OF WILLIAMSON § CERTIFICATE FOR RESOLUTION We, the undersigned officers of the City Council of the CITY OF ROUND ROCK, TEXAS, hereby certify as follows: 1. That the City Council of the CITY OF ROUND ROCK, TEXAS, convened in regular session on October 6, 1987, at the regular meeting place thereof, within the City and the roll was called of the duly constituted officers and members of the City Council, to -wit: Mike Robinson Mayor Charles Culpepper Councilmember Trudy L. Lee Councilmember Pete Correa Councilmember Mike Heiligenstein Councilmember Ronnie Jean Councilmember Glenn T. King Councilmember and all of said persons were present, except the following absentee(s): N ore, , thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION was duly introduced for the consideration of the City Council and read in full. It was then duly moved and seconded that said resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the resolution, prevailed and carried by the following vote: AYES: NOES: 0 2. A true, full and correct copy of the aforesaid resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certi- ficate; that the resolution has been duly recorded in the City Council's minutes of said meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the City Council's minutes of said meeting pertaining to the adoption of the resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the City Council as indi- cated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and purpose of the aforesaid meeting, and that the resolution would be introduced and considered for adoption at said meeting, and each of said officers and members consented, in advance, to the holding of said meeting for such purpose; that said meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of said meeting was given as required by Vernon's Texas Civil Statutes, Article 6252-17, as amended. ,,, SIGNED AND SEALED this S day of October, 1987. J City Secretgry C) Mayor -2- RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK .§ S WHEREAS, the City Council of the City of Round Rock, Texas (the "City "), deems it advisable to issue Certificates of Obligation of the City in accordance with the notice hereinafter set forth; Now, Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: Section 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. Section 2. The City Secretary is hereby authorized and directed to cause to be published in the manner required by law and in substantially the following form, a notice of intention to issue Certificates of Obligation: 1A /CRRK(c) (SEAL) NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Round Rock, Texas (the "City "), will meet in the Council Chambers, City of Round Rock, 221 East Main, Round Rock, Texas, at .m. on the 1st day of December, 1987, to adopt an ordinance and take such other action as may be deemed necessary to authorize the issuance of the City's Combination Tax and Revenue Certificates of Obli- gation, Series 1987, payable from City ad valorem taxes and certain revenues of the waterworks and sanitary sewer system of the City, in the maximum aggregate principal amount of $2,200,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council, and maturing over a period of years not to exceed twenty (20) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the construction of roads, bridges and streets for the City and equipment associated therewith; and the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 6th day of October, 1987. 1A /CRRK(c) -2- /s/ Joanne Land City Secretary CITY OF ROUND ROCK, TEXAS Section 3. The notice set forth in Section 2 above shall be published in both English and Spanish once a week for two (2) consecutive weeks in a newspaper which is of general circulation in the City, the date of the first publication to be not less than fourteen (14) days prior to the date tentatively set in said notice for the passage of the ordinance authorizing the issuance of such Certificates of Obligation. Section 4. The Mayor, City Secretary, and other officers of the City are hereby authorized and directed to do any and all things necessary or desirable to carry out the provisions of this resolution. Section 5. This resolution shall take effect immedi- ately upon its passage. Section 6. It is hereby officially found and de- termined 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 resolution is adopted and for the adoption of this resolution; and the NOTICE OF MEETING relating to said meeting and heretofore posted by the City Secretary, and the posting thereof, are hereby authorized, approved, and ratified. PASSED AND APPROVED this 6th day of October, 1987. /s/ Mike Robinson ATTEST: CITY OF ROUND ROCK, TEXAS /s/ Joanne Land City Secretary CITY OF ROUND ROCK, TEXAS (SEAL) 1A /CRRK(c) -3- Mayor THE STATE OF TEXAS § COUNTY OF WILLIAMSON § CERTIFICATE FOR RESOLUTION We, the undersigned officers of the City Council of the CITY OF ROUND ROCK, TEXAS, hereby certify as follows: 1. That the City Council of the CITY OF ROUND ROCK, TEXAS, convened in regular session on October 6, 1987, at the regular meeting place thereof, within the City and the roll was called of the duly constituted officers and members of the City Council, to -wit: Mike Robinson Mayor Charles Culpepper Councilmember Trudy L. Lee Councilmember Pete Correa Councilmember Mike Heiligenstein Councilmember Ronnie Jean Councilmember Glenn T. King Councilmember and all of said persons were present, except the following absentee(s): N oY\c, , thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION was duly introduced for the consideration of the City Council and read in full. It was then duly moved and seconded that said resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the resolution, prevailed and carried by the following vote: AYES: NOES: O 2. A true, full and correct copy of the aforesaid resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certi- ficate; that the resolution has been duly recorded in the City Council's minutes of said meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the City Council's minutes of said meeting pertaining to the adoption of the resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the City Council as indi- cated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and purpose of the aforesaid meeting, and that the resolution would be introduced and considered for adoption at said meeting, and each of said officers and members consented, in advance, to the holding of said meeting for such purpose; that said meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of said meeting was given as required by Vernon's Texas Civil Statutes, Article 6252 -17, as amended. SIGNED AND SEALED this 8'day of October, 1987. C Sara_ bu Atk v Uu1 J City Secretary �1 Mayor (SEAL) ) �J -2- RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK § WHEREAS, the City Council of the City of Round Rock, Texas (the "City "), deems it advisable to issue Certificates of Obligation of the City in accordance with the notice hereinafter set forth; Now, Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: Section 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. Section 2. The City Secretary is hereby authorized and directed to cause to be published in the manner required by law and in substantially the following form, a notice of intention to issue Certificates of Obligation: 1A /CRRK(c) NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Round Rock, Texas (the "City "), will meet in the Council Chambers, City of Round Rock, 221 East Main, Round Rock, Texas, at .m. on the 1st day of December, 1987, to adopt an ordinance and take such other action as may be deemed necessary to authorize the issuance of the City's Combination Tax and Revenue Certificates of Obli- gation, Series 1987, payable from City ad valorem taxes and certain revenues of the waterworks and sanitary sewer system of the City, in the maximum aggregate principal amount of $2,200,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council, and maturing over a period of years not to exceed twenty (20) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the construction of roads, bridges and streets for the City and equipment associated therewith; and the cost of professional services incurred in connection therewith. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 6th day of October, 1987. (SEAL) 1A /CRRK(c) -2- /s/ Joanne Land City Secretary CITY OF ROUND ROCK, TEXAS %' Section 3. The notice set forth in Section 2 above shall be published in both English and Spanish once a week for two (2) consecutive weeks in a newspaper which is of general circulation in the City, the date of the first publication to be not less than fourteen (14) days prior to the date tentatively set in said notice for the passage of the ordinance authorizing the issuance of such Certificates of Obligation. Section 4. The Mayor, City Secretary, and other officers of the City are hereby authorized and directed to do any and all things necessary or desirable to carry out the provisions of this resolution. Section 5. This resolution shall take effect immedi- ately upon its passage. Section 6. It is hereby officially found and de- termined 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 resolution is adopted and for the adoption of this resolution; and the NOTICE OF MEETING relating to said meeting and heretofore posted by the City Secretary, and the posting thereof, are hereby authorized, approved, and ratified. PASSED AND APPROVED this 6th day of October, 1987. Mayor ATTEST: CITY OF ROUND ROCK, TEXAS /s/ Joanne Land City Secretary CITY OF ROUND ROCK, TEXAS (SEAL) 1A /CRRK(c) -3- /s/ Mike Robinson WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY, this the a t day of October, 1987. NOTICE OF MEETING NOTICE IS HEREBY GIVEN of a meeting of the City Council of the City of Round Rock, Texas, to be held on the 6th day of October, 1987, at 7:00 o'clock p.m. at the Council Chambers, City of Round Rock, 221 East Main, Round Rock, Texas within said City for the purpose of considering and, if deemed advisable by the City Council adopting a resolution authorizing publication of notice of intention to issue certificates of obligation, and for the purpose of conducting, considering and acting upon such other business as shall come before the meeting. The need of the City for such financing creates an emergency and an urgent public necessity for the holding of the meeting and for the adoption of the resolution at the meeting. (SEAL) ty Secretary ty of Round Rock, Texas SE NOTIFICA por el presente de una reunion del Cabildo Municipal de la Ciudad de Round Rock, Texas, a efectuarse el dia 6 de octubre, de 1987, a las 7:00 p.m. en la Sala del Cabildo de la Ciudad de Round Rock, 221 East Main, Round Rock, Texas, dentro de dicha Ciudad, con el proposito de considerar y, si to encontrara aconsejable el Cabildo Municipal, adoptar una resolucibn autorizando la publicacidn del aviso de intencion de emitir certificados de obligacidn, y con el proposito de conducir, considerar, y actuar sobre cualquier otro asunto que sea presentado ante la reunion. La necesidad de la Ciudad para dicho financiamiento crea una emergencies y una urgente necesidad pCiblica para la celebracion de la reunion y para la adopcion de la reso- lucidn durante la reunion. OTORGADO ANTE MI Y EL SELLO OFICIAL DE LA CIUDAD, este dia de octubre de 1987. (SELLO) AVISO DE REUNION i .�_41 0 S retario M "n cipal Ci dad de Round Rock, Texas DATE: October 2, 1987 SUBJECT: Council Agenda, October 6, 1987 ITEM: 10B. Consider a resolution authorizing the Notice of Intent to sell C.O.'s. STAFF RESOURCE PERSON: Sam Huey This Resolution is to give legal notice of the Intent to Sell Series 1988 Certificates of Obligation in the amount of $2.2 million dollars. These funds will be used as the City's share to participate with the Texas Department of Highways for construction of frontage roads through Round Rock.