CITY OF FATE, TEXAS NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Fate, Texas, at its meeting to commence at 6:00 P.M. on August 17, 2015, at its regular meeting place, Fate Community Center, located at 104 South W.E. Crawford, Fate, Texas, tentatively proposes to adopt an ordinance authorizing the issuance of interest bearing certificates of obligation, in one or more series, in an amount not to exceed $4,200,000 for paying all or a portion of the City's contractual obligations incurred in connection with: (i) constructing, installing, acquiring and equipping additions, extensions and improvements to the City's waterworks and sewer system, including a water storage tank, and the acquisition of land and interests in land for such projects; (ii) constructing and improving streets, roads and sidewalks including related drainage, signalization, landscaping, lighting, signage and utility relocation, and the acquisition of land and interests in land for such projects; and (iii) legal, fiscal and engineering 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 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 waterworks and sewer system. The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter 271. CITY OF FATE, TEXAS
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