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Resolution No. 2852RESOLUTION NO.2852 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS, APPROVING CHAMBERS COUNTY MUNICIPAL UTILITY DISTRICT NO.I'S ISSUANCE OF TWO MILLION ONE HUNDRED THIRTY-FIVE THOUSAND AND NO/lOO DOLLARS {$2,135,000.00}UNLIMITED TAX BONDS,SERIES 2023,AS MEETING THE REQUIREMENTS OF SECTION 98-703(17)OF THE CODE OF ORDINANCES,BAYTOWN,TEXAS;AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS,Chambers County Municipal Utility District No. I ("MUD I") has submitted a copy of the following to the City for review; 1.The Order and Staff Memorandum of Texas Commission on Environmental Quality approving MUD I's projects and bonds, 2.MUD I's proposed bond order, 3. MUD I's preliminary official statement,bid fonn and notice of sale, and 4. Pro Forma Cash Flows Analysis; and WHEREAS,the City staff reviewed the infomiation submitted and has determined that the criteria contained in Section 98-703(17)of the Code of Ordinances,Baytown,Texas,have been satisfied by MUD 1;NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS: Section I: That the City Council of the City of Baytown,Texas,hereby approves Chambers County Municipal Utility District No.I's issuance of TWO MILLION ONE HUNDRED THIRTY-FIVE THOUSAND AND NO/lOO DOLLARS ($2,135,000.00)Unlimited Tax Bonds,Series 2023,as meeting the requirements of Section 98-703(17)of the Code of Ordinances,Baytown,Texas. Section 2:This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED,READ and PASSED by the affmnative vote of the City Council of tlie City of Baytownthisthe 27"'dayof July,2023. (—brSmdo^apetillo, ATTEST: ANGELA JL^K APPROVED ORM: SCOTT LEMOND,City Attorney R-.\Karen And/rson\RESOLUTIONS\CITY COUNClL\2023'2023.07.27>Appro\'eIssuaticcofBoncisbyMUDl .docx ayor