R-2483-2-06RESOLUTION NO. 2483-2-06(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AUTHORIZING APPROPRIATE PERSONNEL AND
CONSULTANTS TO PROCEED WITH ARRANGEMENTS AND THE
PREPARATION OF DOCUMENTS FOR THE ISSUANCE AND SALE OF
REVENUE REFUNDING BONDS OF THE ALLEN COMMUNITY DEVELOPMENT
CORPORATION AND RESOLVING OTHER MATTERS INCIDENT AND
RELATED THERETO.
WHEREAS, the City Council of the City of Allen, Texas, has been presented with information
demonstrating that in today's market the refinancing of certain outstanding "Allen Community Development
Corporation Sales Tax Revenue Bonds, Series 199T' and "Allen Community Development Corporation Sales
Tax Revenue Bonds, Series 1999" will result in interest costs savings to the Allen Community Development
Corporation (the "Corporation") of approximately 3%; and,
WHEREAS, the City Council hereby finds and determines such refinancing should be undertaken and, the
staff of the City, Estrada Hinojosa & Company, Inc., financial advisor, and Fulbright & Jaworski, L.L.P.,
bond counsel, should be authorized and directed to proceed with the preparation of an official statement and
other documents for the offering and sale of refunding bonds to realize the savings in substantially the
percentage provided herein.
' NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The Finance Director for the City, together with Estrada Hinojosa & Company, Inc., financial
advisor, and Fulbright and Jaworski LLP, bond counsel, are hereby authorized and directed to proceed with
the preparation of the documents and make the appropriate arrangements for the authorization by the
Corporation of revenue refunding bonds in the approximate amount of $5,615,000 on or about March 20,
2006; and the Finance Director and other appropriate officials of the City are hereby authorized and directed
to furnish said consultants with information and data, including the amount of bonds ultimately to be offered
for sale, necessary for the preparation of an official statement and other documents for a negotiated sale of
such bonds to be approved by the City Council at a meeting to be held on or about March 28, 2006.
SECTION 2. It is officially found, determined and declared that the meeting at which this Resolution is
adopted was open to the public and public notice of the time, place, and subject matter of the public business
considered at said meeting, including this Resolution, was given, all as required by V.T.C.A., Government
Code, Chapter 551, as amended.
SECTION 3. This Resolution shall be in force and effect from and after its passage on the date shown
below.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE le DAY OF FEBRUARY, 2006.
APPPRR/'O' VVEED::
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ATTEST:
phel Terrell, MAYOR
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