R-2403-5-05RESOLUTION NO. 2403-5-05(R1
A RESOLUTION approving a date for the sale of revenue 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 revenue bonds to finance the costs thereof on or about August 9, 2005;
and
WHEREAS, the City Council hereby finds and determines such approval and
authorization to proceed with the sale of such revenue bonds should be given; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS:
SECTION is The Director of Finance for the City, together with the City's financial
advisor, Estrada, Hinojosa & Company, Inc. 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 revenue bonds
in the approximate amount of $4,250,000, 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 August 9, 2005.
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 May 24, 2005.
CITY OF ALLEN, TEXAS
Stephen Terrell
ATTEST:
Shelley B. GeoeqQ TRMC, Cityecretary
(City Seal)
45604796.1