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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