NOTICE OF INTENTION TO ISSUE CERTIFICATES
NOTICE IS HEREBY GIVEN that the City Council of the City of DeSoto, Texas (the “City”) will meet at its regular meeting place at Jim Baugh Government Center, DeSoto, Texas at 7:00 p.m. on the 6th day of September 2016, which is the time and place tentatively set for the passage of an ordinance and such other action as may be deemed necessary to authorize the issuance of the City’s certificates of obligation, payable from ad valorem taxation and a limited (in an amount not to exceed $1,000.00) pledge of certain revenues of the water and sewer system of the City, in the maximum aggregate principal amount of $1,100,000, 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 at the time of issuance and maturing over a period of years not to exceed forty (40) years from the date thereof, for the purpose of evidencing the indebtedness of the City to pay all or any part of the contractual obligations to be incurred for the construction of public works and the purchase of materials, supplies, equipment, machinery, buildings, land and rights of way for authorized needs and purposes and for the payment of contractual obligations for professional services, to wit: (i) design and construct street and roadway improvements on Chattey Road, including certain road, street, sidewalks, alleyways, curb, drainage and related improvements and (ii) pay professional services rendered in connection with the above listed projects.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 19th day of July, 2016.
Kisha R. Morris, City Secretary
City of DeSoto, Texas