Notice of Intention to Issue | Public Notice

NOTICE OF INTENT TO ISSUE CERTIFICATES OF BOND NOTICE IS HEREBY GIVEN that the City Council of the City of Angleton, Texas (the “City”), will meet at 120 S. Chenango Street, Angleton, Texas, 77515 at 6:00 p.m. on May 24, 2022, the date and place tentatively set for the final passage of an ordinance authorizing the issuance by the City of a series of bond certificates (the “Certificates”) and any other action that may be deemed necessary to authorize the issuance of the certificates, of a maximum aggregate principal amount not to exceed $10,000,000 payable from ad valorem taxes and a limited pledge of a subordinate lien on the net proceeds of the system of City water and sanitary sewer, bearing interest at all times at the rate(s) not to exceed the maximum rate of interest permitted by law, as determined at the discretion of the City Council of the City at the time of issue of the certificates, and applicable on a a period not exceeding forty (40) years from the date of issue, for the purposes of proving the indebtedness of the City for all or part of the costs associated with (i) the acquisition, construction and parks and recreation facility equipment, works and information technology; (ii) acquisition, construction and equipment of fire-fighting facilities; (iii) procurement of water supply and sanitation equipment; (iv) acquisition, construction and equipment of city streets and related infrastructure; and (v) the costs of professional services relating thereto. The combined estimated amount of principal and interest required to pay the certificates on time and in full is approximately $13,671,150. This estimate is provided for information purposes only and is based on a hypothetical interest rate of 3.00%. Market conditions affecting interest rates vary depending on a number of factors beyond the City’s control, and the City cannot and does not guarantee any particular interest rate associated with the Certificates. As of the date of this notice, the total principal amount outstanding of debt obligations financed by the City’s tax (excluding public securities guaranteed by an ad valorem tax but designated by the City as self-supporting in resolution no. ° 2022-0322-007, dated March 22, 2022, the resolution of which is available on request from the City) is $9,030,000. Based on the City’s expectations, as of the date of this notice, the combined principal and interest required to pay all outstanding debt securities funded by City taxes (excluding public securities secured by an ad valorem tax but designated by the City as autonomous) on time and in full is $11,287,755. BEAR MY HAND AND THE OFFICIAL SEAL OF THE CITY, this March 22, 2022. Frances AguilarCity ClerkCity of Angleton, Texas

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