Home

Posted on: October 3, 2017

Notice of Bond Election

Notice is hereby given that an election will be held within the City of Mineral Wells, Texas, on Tuesday, November 7, 2017, as provided in the ordinance calling the election passed by the City Council of the City of Mineral Wells,

NOTICE OF BOND ELECTION

TO THE RESIDENT QUALIFIED VOTERS OF THE CITY OF MINERAL WELLS, TEXAS:

NOTICE IS HEREBY GIVEN THAT an election will be held within the City of Mineral Wells, Texas, on Tuesday, November 7, 2017, as provided in the ordinance calling the election passed by the City Council of the City of Mineral Wells, a substantial copy of which ordinance is printed below:

AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF MINERAL WELLS, TEXAS, CALLING A BOND ELECTION TO BE HELD ON NOVEMBER 7, 2017; PROVIDING FOR THE CONDUCT AND THE GIVING NOTICE OF THE ELECTION; PROVIDING AN EFFECTIVE DATE; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT

WHEREAS, this City Council finds and determines that it is necessary and advisable to call and hold an election within said City on the propositions hereinafter set forth; Now, Therefore

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MINERAL WELLS, TEXAS:

Section 1.  Findings.

The statements contained in the preamble of this Ordinance are true and correct and are adopted as findings of fact and as a part of the operative provisions hereof.

Section 2.  Election Ordered; Propositions.

An election shall be held in the City of Mineral Wells Texas (the "City"), on November 7, 2017, at which election the following propositions shall be submitted in accordance with law:

CITY OF MINERAL WELLS, TEXAS PROPOSITION A

Shall the City Council of the City of Mineral Wells, Texas, be authorized to issue and sell the bonds of said City in the aggregate principal amount of $7,500,000, for the purpose of constructing, reconstructing and improving streets and roads, including replacement of water and sewer lines in connection with such street and road improvements (with such projects having a probable period of usefulness of 30 years); with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 30 years from their date and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, as the City Council in its discretion shall determine; and shall there be levied and pledged, assessed and collected annually ad valorem taxes on all taxable property in said city in an amount sufficient, within the limits prescribed by law, to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity?

CITY OF MINERAL WELLS, TEXAS PROPOSITION B

Shall the City Council of the City of Mineral Wells, Texas, be authorized to issue and sell the bonds of said City in the aggregate principal amount of $5,805,00 for the purpose of acquiring a building, and constructing and equipping improvements to said building, to be used for a new City Hall, including municipal courts, and related furnishings, landscaping, parking and infrastructure, and constructing and equipping renovations to the existing City Hall building and City Hall Annex (with such projects having a probable period of usefulness of 30 years); with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 30 years from their date and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, as the City Council in its discretion shall determine; and shall there be levied and pledged, assessed and collected annually ad valorem taxes on all taxable property in said city in an amount sufficient, within the limits prescribed by law, to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity?

CITY OF MINERAL, TEXAS WELLS PROPOSITION C

Shall the City Council of the City of Mineral Wells, Texas, be authorized to issue and sell the bonds of said City in the aggregate principal amount of $3,960,000, for the purpose of constructing and installing a water line along US Highway 180 West (with such project having a probable period of usefulness of 30 years); with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 30 years from their date and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, as the City Council in its discretion shall determine; and shall there be levied and pledged, assessed and collected annually ad valorem taxes on all taxable property in said city in an amount sufficient, within the limits prescribed by law, to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity?


Este aviso está disponible en Español aquí.

Download...
Facebook Twitter Google Plus Email

Other News in Home

City / County Fall Clean Up Day

Posted on: October 9, 2017

Aviso de Eleccion de Bonos

Posted on: October 3, 2017

City Council Meeting Minutes

Posted on: February 24, 2016

Proposed Bond Election Projects

Posted on: July 21, 2017

Request for Proposals for Auditing Services

Posted on: September 27, 2017