R-2715-3-08RESOLUTION NO. 2715-3-08(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 13, 2008; 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 & 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
make the appropriate arrangements for the offering and sale of general obligation bonds, 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 13, 2008.
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 11, 2008.
CITY FALLEN, TEXAS
Mayor
ATTEST:
City Secretary �---
(City Seal)
75215733 1/08009902