Subject: 20479/RvsdBonds/Sale/$36+mil/SchLab,BHall,,etc. Date: Tue, 5 May 1992 10:19:00 -0500 INITIAL RESOLUTION RESOLUTION NO. 20479 A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF BONDS IN THE AGGREGATE AMOUNT OF THIRTY-SIX MILLION, SIX HUNDRED THIRTY-FIVE THOUSAND DOLLARS ($36,635,000.00) OF THE CITY OF CHATTANOOGA, TENNESSEE, FOR THE PURPOSE OF PAYING ALL OR A PORTION OF THE COSTS OF SCHOOL LABORATORY EQUIPMENT, BESSIE SMITH HALL CONSTRUCTION, 800 MHZ RADIO SYSTEM, FINGERPRINT READER SYSTEM, COMMUNICATION CENTER DESIGN, FIRE APPARATUS-PUMPER, EXHAUST SYSTEMS-FIRE HALLS, ROOF REPLACEMENTS-FIRE HALLS, STREET IMPROVEMENTS, EASTLAKE COURTS ACCESS ROAD I, CURBS, GUTTERS, SIDEWALKS, LAND ACQUISITION-CITY YARDS, DOWNTOWN STREETSCAPE PROGRAM, STREET PAVING/ IMPROVEMENTS, TRAFFIC ENGINEERING SIGNALS, TENNESSEE RIVERWALK EXPANSION, LANDSCAPING EQUIPMENT, RECREATION CENTERS-AIR CONDITIONING, ENGEL STADIUM IMPROVEMENTS, 1200 MARKET STREET DEMOLITION, MINOR CONSTRUCTION-ADA COMPLIANCE, HVAC REPLACEMENT-POLICE CENTER, COMMUNICATION CENTER CONSTRUCTION, FIRE HALL AUTOMATION, 800 MHZ RADIOS, FIRE HALL #12 CONSTRUCTION, FUEL DELIVERY SYSTEM, HEAVY EQUIPMENT REPLACEMENTS, BRIDGE REHABILITATION, EASTLAKE COURTS ACCESS ROAD II, RIVERBANK STABILIZATION PROJECT, GUNBARREL ROAD WIDENING PROJECT, FIELD HOUSE UPGRADE PROJECT, ROOF REPLACEMENTS- RECREATION CENTERS, CONSTRUCTION DIVISION EQUIPMENT, HIGH-LIFT BUCKET TRUCK, ROSS'S LANDING MAINTENANCE COMPLEX, BALLFIELD LIGHTING SYSTEMS, VACUUM TRUCKS, AERIAL PHOTOGRAPHY/SURVEYS, MOCCASIN BEND WWTP EXPANSION DESIGN, INTERIM OUTFLOW DIFFUSER IMPROVEMENTS, OVERFLOW MONITOR/ALARM SYSTEM, COMBINED SEWER OVERFLOW (CSO) FACILITY PLAN AMENDMENTS, CSO BASINS FLOW METER AND SAMPLES, CONTR. CSO #8 CONTROLS, CONTR. CSO #2 CH. CR. HOWARD, CONTR. CSO #3 CH. CR. WILLIAMS, CONTR. CSO #4 CH. CR. CARTER, CONTR. CSO #5 CITICO CR., PHASE II LINER-20 ACRES, LEACHATE COLLECTION SYSTEM, PHASE I CLOSURE-55 ACRES, LANDFILL DRAINAGE DIVERSION, HEAVY EQUIPMENT REPLACEMENT, ACCESS ROAD IMPROVEMENTS, N. HAWTHORNE TRANSFER PAD, LANDFILL FENCING, CLOSURE-36TH STREET LANDFILL, MONITORING WELLS-SUMMIT LANDFILL, NEW DEMOLITION LANDFILL, PROPERTY ACQUISITION - SUMMIT LANDFILL AND ADMINISTRATION/MAINTENANCE BUILDING. 0C WHEREAS, A79-21-101 to A79-21-1017, both inclusive, Tennessee Code Annotated, authorize municipalities in the State of Tennessee to issue bonds for public works projects; and WHEREAS, A79-21-205 of said Code provides that before bonds may be issued the governing body of the municipality shall adopt a resolution known as the "INITIAL RESOLUTION" determining to issue such bonds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CHATTANOOGA, TENNESSEE, That pursuant to the provisions of Tennessee Code Annotated, referred to in the preamble hereof, there be issued and sold Bonds in the aggregate amount of Thirty- Six Million, Six Hundred Thirty-Five Thousand Dollars ($36,635,000) of the City of Chattanooga, Tennessee, for the purpose of paying all or a portion of the costs of: School Laboratory Equipment, Bessie Smith Hall Construction, 800 MHz Radio System, Fingerprint Reader System, Communication Center Design, Fire Apparatus-Pumper, Exhaust Systems-Fire Halls, Roof Replacements-Fire Halls, Street Improvements, Eastlake Courts Access Road I, Curbs, Gutters, Sidewalks, Land Acquisition-City Yards, Downtown Streetscape Program, Street Paving Improvements, Traffic Engineering Signals, Tennessee Riverwalk Expansion, Landscaping Equipment, Recreation Centers-Air Conditioning, Engel Stadium Improvements, 1200 Market Street Demolition, Minor Construction-ADA Compliance, HVAC Replacement-Police Center, Communication Center Construction, Fire Hall Automation, 800 MHz Radios, Fire Hall #12 Construction, Fuel Delivery System, Heavy Equipment Replacements, Bridge Rehabilitation, Eastlake Courts Access Road II, Riverbank Stabilization Project, Gunbarrel Road Widening Project, Field House Upgrade Project, Roof Replacements- Recreation Centers, Construction Division Equipment, High-lift Bucket Truck, Ross's Landing Maintenance Complex, Ballfield Lighting Systems, Vacuum Trucks, Aerial Photography/Surveys, Moccasin Bend WWTP Expansion Design, Interim Outflow Diffuser Improvements, Overflow Monitor/Alarm System, Combined Sewer Overflow (CSO) Facility Plan Amendments, CSO Basins Flow Meter and Samples, Contr. CSO #8 Controls, Contr. CSO #2 Ch. Cr. Howard, Contr. CSO #3 Ch. Cr. Williams, Contr. CSO #4 Ch. Cr. Carter, Contr. CSO #5 Citico Cr., Phase II Liner-20 Acres, Leachate Collection System, Phase I Closure-55 Acres, Landfill Drainage Diversion, Heavy Equipment Replacement, Access Road Improvements, N. Hawthorne Transfer Pad, Landfill Fencing, Closure-36th Street Landfill, Monitoring Wells-Summit Landfill, New Demolition Landfill, Property Acquisition-Summit Landfill and Administration/Maintenance Building. Said bonds shall bear interest at such rate or rates not to exceed the rate or rates prescribed by law payable semiannually and shall be payable exclusively from taxes and shall be issued at the time or times and bear such date or dates and mature at such times as may hereafter be determined by resolution. ADOPTED: January 31, 1995 RLN:cjc