HomeMy WebLinkAboutR-2513-4-06RESOLUTION NO. 2513-4-06(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, 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 June 27,
2006; 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, Hinojosa S 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 make the appropriate arrangements for the offering and sale of general
' obligation bonds in the approximate amount of $1,595,000, 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
June 27. 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.
PASSED AND ADOPTED, this April 25, 2006.
APPROVED:
Stephen errell, MAYOR
ATTEST:
Shelley B. Geo , TRMC, CITY SECRETARY
457399501/10604545