HomeMy WebLinkAboutR-3207-2-14RESOLUTION NO. 3207-2-14(R)
A RESOLUTION AUTHORIZING APPROPRIATE PERSONNEL AND
CONSULTANTS TO PROCEED WITH ARRANGEMENTS AND THE
PREPARATION OF DOCUMENTS FOR THE ISSUANCE AND SALE OF
GENERAL OBLIGATION BONDS AND RESOLVING OTHER MATTERS
INCIDENT AND RELATED THERETO.
WHEREAS, based on capital improvement projects currently planned and authorized to be undertaken, staff
of the City has requested approval and authorization to proceed with the issuance and sale of general
obligation bonds to finance the costs thereof on or about May 13, 2014; and
WHEREAS, the City Council hereby finds and determines such approval and authorization to proceed with
the sale of such general obligation bonds should be given; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS:
SECTION 1. The Chief Financial Officer for the City, together with the City's financial advisor, Estrada
Hincjosa & Company, Inc. and bond counsel, Fulbright and Jaworski LLP, are hereby authorized and directed
to proceed on behalf of the City with the preparation of the documents and to make the appropriate
arrangements for the offering and sale of general obligation bonds in the approximate amount of $10,865,000.
The Chief Financial Officer and other appropriate officials of the City are hereby authorized and directed to
assist and 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 sale of such
' bonds to occur and be approved by the City Council at a meeting to be held on or about May 13, 2014.
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 Texas 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 11'ra DAY OF FEBRUARY, 2014.
APPROVE
Stephen Terre6, MAYOR
ATTEST:
' Shelley B. George, 4C, CITY S ERL