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NOTICE OF INTENTION TO ISSUE CITY OF KARNES CITY, TEXAS CERTIFICATES OF OBLIGATION NOTICE IS

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78022

Description:

NOTICE OF INTENTION

TO ISSUE

CITY OF KARNES CITY, TEXAS

CERTIFICATES OF

OBLIGATION

NOTICE IS HEREBY GIVEN that the City Council of the City of Karnes City, Texas will convene at its regular meeting place in the City Hall in Karnes City, Texas, at 6:00 o'clock P.M., Karnes City, Texas time on July 22, 2014, and, during such meeting, the City Council will consider the passage of an ordinance or ordinances and take such other actions as may be deemed necessary to authorize the issuance of one or more series of certificates of obligation in an aggregate principal amount not to exceed $2,500,000 for the purpose or purposes of paying contractual obligations of the City to be incurred for making permanent public improvements and for other public purposes, to-wit: (1) constructing street improvements (including utilities repair, replacement, and relocation), curb, gutters, and sidewalk improvements and drainage incidental thereto, (2) the purchase of materials, supplies, equipment, machinery, landscaping, land, and rights-of-way for authorized needs and purposes relating to the aforementioned capital improvements; and (3) the payment of professional services related to the design, construction, project management, and financing of the aforementioned projects. The certificates of obligation (the Certificates) will be payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all taxable property within the City and from a lien on and pledge of certain revenues derived by the City from the operation of the City's utility system. The Certificates are to be issued, and this notice is given, under and pursuant to the provisions of the Certificate of Obligation Act of 1971, as amended, Texas Local Government Code Section 271.041 through Section 271.064, and Chapter 1502, as amended, Texas Government Code.

/s/ Amelia Martinez

City Secretary,

City of Karnes City, Texas

WO6-18&25