HomeMy WebLinkAboutR-2270-3-04RESOLUTION NO. 2270-3-04181
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 11, 2004; 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 Director of Finance for the City, together with the City's financial advisor,
Southwest Securities 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 $11,700,000, and the Director of Finance 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 competitive sale of such bonds to occur and be
approved by the City Council at a meeting to be held on or about May 11, 2004.
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 23, 2004.
CITY OF ALLEN, TEXAS
/4g -
Stephen Terrell, Mayor
ATTEST:
Shelley B. Geo e, TRMC, City Secretary