HomeMy WebLinkAboutR-2808-3-09RESOLUTION NO. 2808-3-09(R)
' A RESOLUTION approving a date for the sale of general obligation
bonds; authorizing appropriate personnel and consultants to proceed with
arrangements and the preparation of documents for the issuance and sale
of such 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 12,
2009; 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 Finance Director for the City, together with the City's financial
advisor, Estrada Hincjosa & Company, Inc. and bond counsel, Fulbright and Jaworski L.L.P., are
hereby authorized and directed to procced on behalf of the City with the preparation of the
documents and make the appropriate arrangements for the offering and sale of general obligation
bonds in the approximate amount of $15,400,000, and the Finance Director 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 12, 2009.
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.
PASSED AND ADOPTED, this March 24, 2009.
CITY OF ALLEN, TEXAS
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'Stepheb Terrell, MAYOR
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' Mfr "ile ley B. Gdeige, CITY
(City Seal)
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