02-01-1982-Resolution-Authorizing Certificates of Obligation for Emergency Public Improvements to Purchase Landfill Site-02/01/1982RESOLUTION AUTHORIZING CERTIFICATES OF OBLIGATION
FOR EMERGENCY PUBLTO IMPROVEMENTS
WHEREAS, the voters of Sanger, Texas, have authorized an
Issuance of bonds in the sum of $1�.000 to purchase
and operate a sari Lary landfill site, however, said
bonds have not seen sold to date. ara.
WHEREAS, the City of Sanger, Texas has filed a condemnat�o<.
-Droceeding to obt=a_n said site and e commissioners
appointed by court nave assessed the 'amage at $50,000
plus approximately $l , 000 in costs an. the city is also
accuiring a roar., s=te for direct acce s to said land-
il^l s ite, ane.
WHEREAS, it is desirable in the public interest that said
purchase be completed and work on said road and land-
fill1 site commexce at the earliest practical date all
Cl. which constt-tes emergency public improvements
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL, CITY OF
SAr�GER, TEXAS , T�-IAT .
Paragraph '. The issuance of Certificates of
Obligation in the amount of �i ~y F ve Thousand_
Do -.Lars ($55,000) shall be in the same is hereby
authorized for a period of six (.6) months at a
rate o.` interest not to exceed nine percent (%)
an d
Paragraph 2: The Mayor and City Manager are
hereby authorized to sign the Cert�_.ficates of
Obligation for and _n behalf of he C _ty of
Sanger, Texas.
PASSED and approved at a regular meeting of the City Council
on �hi s lst day of Febr�:ary , 1982 .
vor
ATTEST
_ y �e ._e= a y