R-2899-3-10RESOLUTION NO. 2899-3-10(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, 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 11, 2010; 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,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The Finance Director for the City, together with the City's financial advisor, Estrada
Hinojosa & Company, Inc. and bond counsel, Fulbright and Jaworski L.L.P., 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 $12,000,000;
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 11, 2010.
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 23RD DAY OF MARCH, 2010.
APPROVED:
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Stephenwferrell, MAYOR
ATTEST:
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Shelley B. Georg ITY SEC ARY