Notices

CITY OF CELINA, TEXAS
 NOTICE OF INTENTION TO ISSUE
 CERTIFICATES OF OBLIGATION
posted on City's website January 17, 2023

TAKE NOTICE that the City Council of the City of Celina, Texas, shall convene at 5:00 p.m. on April 11, 2023, at the City Council chambers located at 112 N. Colorado Street, in the City of Celina, Texas, and, during such meeting, the City Council will consider the passage of one or more ordinances authorizing the issuance of certificates of obligation in one or more series in an amount not to exceed NINETY-EIGHT MILLION DOLLARS ($98,000,000) for the purpose of paying contractual obligations to be incurred for:  (i) acquiring, constructing, improving, remodeling, renovating and equipping park facilities, including the acquisition of land and rights-of-way therefor, (ii) acquiring, designing, constructing, equipping and improving public safety facilities, including the acquisition of land and rights-of-way and the acquisition of vehicles therefor, (iii) acquiring and equipping telecommunication, wireless communication, and information technology system equipment, (iv) designing, constructing, equipping and improving a municipal government facility, (v) constructing and improving streets, including drainage, landscaping, curbs, gutters, sidewalks, entryways, pedestrian pathways, signage and traffic signalization and the acquisition of land and rights-of-way therefor, (vi) acquiring, designing and constructing a municipal parking facility, including the acquisition of land and rights-of-way therefor, (vii) improving and extending the City’s combined waterworks and sewer system, including the acquisition of land and rights-of-way therefor and (viii) professional services rendered in connection therewith; and; such certificates to be payable from ad valorem taxes and a limited pledge of the net revenues of the City’s combined waterworks and sewer system.  In accordance with Texas Local Government Code Section 271.049, (i) the current principal amount of all of the City’s outstanding public securities secured by and payable from ad valorem taxes is $272,945,000; (ii) the current combined principal and interest required to pay all of the City’s outstanding public securities secured by and payable from ad valorem taxes on time and in full is $382,490,545.95; (iii) the estimated combined principal and interest required to pay the certificates of obligation to be authorized on time and in full is $176,985,839; (iv) the maximum interest rate for the certificates may not exceed the maximum legal interest rate; and (v) the maximum maturity date of the certificates to be authorized is September 1, 2048.  The certificates are to be issued, and this notice is given, pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271, as amended.

City Secretary
City of Celina, Texas