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Thu - Mostly Clear. High: 98 Low: 76
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August 31, 2012 - City of Penitas Notice of Intent

NOTICE OF INTENT TO ISSUE
CITY OF PEÑITAS, TEXAS
CERTIFICATES OF OBLIGATION, SERIES 2012

    TAKE NOTICE that the Board of Aldermen (the “City Council”) of the City of Peñitas, Texas (the “City”), shall tentatively convene at 6 o'clock p.m. on the 2nd day of October, 2012, at its regular meeting place in the City Council meeting room at 1 mile South FM 1427, Texas 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 $2,250,000 for the purpose of paying contractual obligations of the City to be incurred to construct a wastewater treatment facility and collection system and payment of cost of issuance of such certificates of obligation.  The certificates of obligation will be payable from the City's ad valorem tax within the limits authorized by law on all taxable property of the City and a limited 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.

Marcos Ochoa, Mayor
City of Peñitas, 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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