R-2640-7-07RESOLUTION NO. 2640-7-07(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
REVENUE BONDS BY THE ALLEN COMMUNITY DEVELOPMENT
CORPORATION AND THE ALLEN ECONOMIC DEVELOPMENT
CORPORATION, AND RESOLVING OTHER MATTERS INCIDENT AND
RELATED THERETO.
WHEREAS, the City Council hereby finds and determines the staff of the City, Estrada Hinojosa &
Company, Inc., financial advisor, and Fulbright & Jaworski, L.L.P., bond counsel, should be authorized and
directed to proceed with the preparation of documents for the offering and sale of (i) revenue bonds by the
Allen Community Development Corporation and the Allen Economic Development Corporation to finance
the construction of an events center complex, infrastructure improvements relating thereto, and infrastructure
improvements for the Village at Allen development and (ii) refunding bonds by the Allen Community
Development Corporation for the refinancing of the outstanding "Allen Community Development
Corporation Sales Tax Revenue Bonds, Series 1997' and the "Allen Community Development Corporation
Sales Tax Revenue bonds, Series 1999'; and
WHEREAS, the City Council anticipates such bonds will be approved by the City Council at meetings to be
held on or about September 25, 2007, with respect to the refunding bonds and on or about October 23, 2007,
with respect to the revenue bonds.
' 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 Estrada Hinojosa & Company, Inc., financial
advisor, and Fulbright and Jaworski L.L.P, bond counsel, are hereby authorized and directed to proceed with
the preparation of the documents and make the appropriate arrangements for the offering and sale of (i)
revenue bonds in the approximate amount of $36,000,000 by the Allen Community Development Corporation
and revenue bonds in the approximate amount of $17,000,000 by the Allen Economic Development
Corporation to finance the construction of an events center complex, infrastructure improvements relating
thereto, and infrastructure improvements for the Village at Allen development and (ii) refunding bonds in the
approximate amount of $1,630,000 by the Allen Community Development Corporation to refinance the
Series 1997 Bonds and Series 1999 Bonds described in the preamble hereof, and the Finance Director and
other appropriate officials of the City are hereby authorized and directed to furnish said consultants with
information and data, including the amount of bonds ultimately to be offered for sale, necessary for the
preparation of documents in relation to the sale of such bonds.
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 TINS TME 24TH DAY OF JULY, 2007.
APPROVED:
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Stephen Terrell, Mayor
ATTEST:
Shelley B. Geo ity Secretary
Resolution No. 2640-7-07(R), Page 2