R-2146-3-03RESOLUTION NO. 2146-3-03(R)
A RESOLUTION OF THE CITY COUNTY OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, APPROVING A DATE FOR THE SALE OF 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 proceeds with the issuance and sale of general
obligations bonds to finance the costs thereof on or about May 13, 2003; 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,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
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 $7,210,000 and the Director of
Finance and other appropriate officials of the City we hereby authorized and directed to assist and famish said
' consultants with information and data needed for the preparation of an official statement and other documents
needed for a competitive sale of such bonds on or about May 13, 2003.
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 25" DAY OF MARCH. 2003.
APPROVED:
W!�L,
Stephen Terrell, MAYOR
ATTEST:
Shelley B. George'TRMC, CITY SWRETARY