R-96-08-08-10D - 8/8/1996RESOLUTION NO. R- 96- 08- 08 -10D .
WHEREAS, the City of Round Rock has published notice of
intention to issue its Anticipation Notes, Series 1996 in the
principal amount not to exceed $11,500,000, and
WHEREAS, the City finds it necessary to postpone action on
the ordinance authorizing the Anticipation Notes, Series 1996 until
the City determines the exact funding dates for the wastewater
plant expansion, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
ATTEST:
That the City Council hereby postpones action on the ordinance
authorizing the City of Round Rock, Texas Anticipation Notes,
Series 1996 in the amount of $11,500,000 until the regular meeting
on September 12, 1996 at 7:00 p.m. at the regular meeting place of
the City Council at the City Hall, 221 E. Main Street, Round Rock,
Texas.
RESOLVED this 8th day of August, 1996.
LAND, City Secretary
R:\ WPDOCS \RRSOLVPI \RS60808D.WPD /ec9
CHARLES CULPF]PPER, Mayor
City of Round Rock, Texas
6
DATE: August 6, 1996
SUBJECT: City Council Meeting, August 8, 1996
ITEM: 10. D. Consider a resolution delaying action on an ordinance authorizing Anticipation
Notes, Series 1996
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION:
On June 25, 1996, the Council authorized publication of a notice to issue anticipation notes for the
purpose of financing utility system and wastewater plant expansions. Because funds on hand
are still sufficient to cover the wastewater plant construction cash flow, it is not yet necessary to
obtain interim financing.
This item delays action on the ordinance authorizing the anticipation notes until the City
determines the exact funding date for the wastewater plant expansion.