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Octiber 7, 2011 - City of Alton ORDINANCE 2011-09

ORDINANCE 2011-09

AN ORDINANCE ABANDONING A SECTION OF UNPAVED STREET DESCRIBED AS a .26 ACRE TRACT, 60.00’ OF THE N81 22’37”W AND 189.50’ OF THE S 0837’30” W, AND MORE ACCURATELY DEPICTED IN EXHIBIT “A” WHICH IS ATTACHED AND INCORPORATED FOR ALL PURPOSES; AUTHORIZING THE MAYOR TO EXECUTE A DEED CONVEYING SAID REAL PROPERTY TO FE-MA ENTERPRISES, INC.; PROVIDING FOR AN EFFECTIVE DATE AND SEVERABILITY CLAUSE, WAIVING SECOND AND THIRD READING.

READ, APPROVED, AND PASSED on this the 13th day of September, 2011.

Salvador Vela, Mayor

ATTEST:  Baudelia Rojas, City Secretary

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October 7, 2011 - ORDINANCE 2011-10

ORDINANCE 2011-10

Adoption of Ordinance 2011-10, an ordinance authorizing the issuance of “City of Alton, Texas General Obligation Refunding Bonds, Series 2011” in a maximum par amount of $5,000,000, at an interest rate (NIC) to not exceed 5% and achieving a minimum present value savings of 3%; approving and authorizing the execution of a paying agent/registrar agreement, an official statement or a purchase and investment letter and other instruments and procedures related thereto; delegating authority to the Mayor and the City Manager (either one duly authorized to act on his own) to select outstanding bonds to be refunded and to decide whether it is a negotiated, competitive or privately placed financing; calling certain bonds for redemption and approving all final terms of the bonds.

READ, APPROVED, AND PASSED on this the 4th day of October, 2011.

Salvador Vela, Mayor

ATTEST:  Baudelia Rojas, City Secretary

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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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