• NOTICE

CITY OF CORSICANA
NOTICE OF INTENTION TO ISSUE CITY OF CORSICANA, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2018
NOTICE
IS HEREBY GIVEN that the
City Council of the City of Corsicana, Texas, at its meeting to commence at 6:00 P.M. on February 28, 2018, at its regular meeting place in the Corsicana Government Center, 200 North 12th St, Corsicana, Texas 75110, tentatively proposes to adopt an ordinance authorizing the issuance of interest bearing certificates of obligation, in one or more series, in an aggregate principal amount not to exceed $2,500,000, for paying all or a portion of the City’s contractual obligations incurred in connection with (i) acquiring, constructing, installing, and equipping a public safety training facility, and the acquisition of land and interests in land and properties therefor; and (ii) legal, fiscal, design and other professional fees in connection with such projects. The City proposes to provide for the payment of such certificates of obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from a pledge of surplus revenues of the City’s combined waterworks and sewer system, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City’s revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the net revenues of the City’s combined waterworks and sewer system. The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271.
Don Denbow, Mayor CITY OF CORSICANA, TEXAS
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PostedJanuary 13, 2018