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PUBLIC NOTICE: CITY OF WILMER NOTICE OF INTENTION TO ISSUE CERTIFICATES

Publish 2 times in the Ellis County Press on Thursday, July 28, 2022 and Thursday, Aug. 4, 2022.

 

CITY OF WILMER

NOTICE OF INTENTION TO ISSUE CERTIFICATES

 

EXHIBIT A

 

NOTICE IS HEREBY GIVEN that the City Council of the City of Wilmer, Texas (the “City”) will meet at its regular meeting place at Wilmer Community Center, Wilmer, Texas (or if necessary, via teleconference in compliance with an advisory issued by the Office of the Governor) at 7 :00 p.m. on the 15th day of September, 2022, which is the time and place tentatively set for the passage of an ordinance and such other action as may be deemed necessary to authorize the issuance of the City’s certificates of obligation, payable from ad valorem taxation and a limited (in an amount not to exceed $1,000) subordinate pledge of certain revenues of the water and sewer system of the City, in the maximum aggregate principal amount of $15,850,000 bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council at the time of issuance and maturing over a period of years not to exceed forty (40) years from the date thereof, for the purpose of evidencing the indebtedness of the City to pay all or any part of the contractual obligations to be incurred for the construction of public works and the purchase of materials, supplies, equipment, machinery, buildings, land and rights-of-way for authorized needs and purposes and for the payment of contractual obligations for professional services, to wit:

(i) construction and improvements of a new public safety facility at the southeast comer of Distribution Road and N. Goode Road., including site preparation and the purchase of materials, supplies, equipment, machinery, facilities, and rights-of-way in relation thereto,

(ii) construction and improvements of a new public works facility on N. Goode Rd. that will be physically connected to the new public safety facility, including site preparation and the purchase of materials, supplies, equipment, machinery, facilities, and rights-of-way in relation thereto; (iii) the purchase of vehicles and equipment, including a new Quint Fire Truck, a new fire engine/rescue pumper and a new hydraulic arm mower for the Public Works department;

(iv) construction and improvement of parking structures for parking and storage of vehicles; and

(v) professional services rendered in connection with the above listed projects.

The estimated combined principal and interest required to pay the Certificates on time and in full is $26,771,346. Such estimate is provided for illustrative purposes only and is based on an assumed interest rate of 4.89%.

Market conditions affecting interest rates vary based on a number of factors beyond the control of the City, and the City cannot provide any assurance regarding the rate of interest that the Certificates will bear upon their issuance.

As of the date of this notice, the aggregate principal amount of outstanding public securities of the City secured by and payable from ad valorem taxes is $19,931,000 and based on the City’s expectations, as of the date of this notice the combined principal and interest required to pay all of the outstanding public securities of the City secured by and payable from ad valorem taxes ( excluding public securities secured by an ad valorem tax but designated by the City as self-supporting) on time and in full is $26,871,132.

WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 21st day of July, 2022

/s/ Mayra Ortiz

City Secretary City of Wilmer, Texas

Ellis County Press

208 S Central St. 
Ferris, TX 75125
972-544-2369