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March 2, 2012 - City of Mission Notice of Intent

CITY OF MISSION, TEXAS

CERTIFICATES OF OBLIGATION, SERIES 2012

TAKE NOTICE that the City Council (the City Council) of the City of Mission, Texas (the City), shall tentatively convene at 4:30 o’clock p.m. on the 9th day of April, 2012, at its regular meeting place in the City Council Chambers at 1201 E. 8th Street, Mission, Texas 78572 and during such meeting, the City Council will consider the passage of an ordinance authorizing the issuance of certificates of obligation in an amount not to exceed $2,750,000 for the purpose of paying contractual obligations for engineering and other design costs for the Inspiration Road widening project and payment of cost of issuance of the Certificates of Obligation.  The Certificates of Obligation will be payable from a combination of the City’s ad valorem tax within the limits authorized by law on all taxable property of the City and (if necessary) a pledge of $1,000 from the net revenues from the operation of the City’s waterworks and sewer system. The Certificates of Obligation are to be issued, and this notice is given, under and pursuant to the provisions of the Certificates of Obligation Act of 1971, as amended, Local Government Code Section 271.041 through Section 271.063.

Mayor
City of Mission, Texas

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CoverageAreaThe Progress Times is the hometown newspaper for the local communities of Mission, Sharyland, Alton, Palmview, La Joya and surrounding areas in Western Hidalgo County. We have a staff of veteran reporters who work diligently every week to bring our readers the latest news as it affects their hometown area and people.

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