R-2310-7-04RESOLUTION NO. 2310-7-04(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, APPROVING A DATE FOR THE SALE OF CERTIFICATES OF
OBLIGATION; AUTHORIZING APPROPRIATE PERSONNEL AND
CONSULTANTS TO PROCEED WITH ARRANGEMENTS AND THE
PREPARATION OF DOCUMENTS FOR THE ISSUANCE AND SALE OF SUCH
CERTIFICATES AND RESOLVING OTHER MATTERS INCIDENT AND
RELATED THERETO.
WHEREAS, state of the City has requested approval and authorization to proceed with the issuance and sale
of certificates of obligation on or about September 14, 2004 to finance the costs of purchasing land, buildings,
equipment and materials for a municipal golf course and to pay costs of making improvements thereto; and,
WHEREAS, the City Council hereby finds and determines such approval and authorization to proceed with
the sale of such certificates of obligation should be given.
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 certificates of obligation in the approximate amount of 11,500,000 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 certificates ultimately to be offered for sale,
necessary for the preparation of an official statement and other documents for a competitive sale of such
obligations to occur and be approved by the City Council at a meeting to be held on or about September 14,
2004.
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 ISM DAY OF 2004.
APPROVED:
ATTEST: Stephen lGrell, MAYOR
Shelley B. GwOo, CITY SECRETARY