CC Resolution No. 2902 RESOLUTION NO. 2902
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS,
APPROVING HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 473'S
ISSUANCE OF ONE MILLION FIVE HUNDRED TWENTY FIVE THOUSAND AND
NOi100 DOLLARS ($1,525,000.00) UNLIMITED TAX ROAD BONDS, SERIES 2024,
AS MEETING THE REQUIREMENTS OF SECTION 98-703(17) OF THE CODE OF
ORDINANCES, BAYTOWN, TEXAS, FOR ROAD FACILITIES AS AUTHORIZED
PURSUANT TO RESOLUTION NO. 2508 PASSED BY THE CITY COUNCIL ON
JANUARY 11, 2018; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS,Harris County Municipal Utility District No.473 ("MUD 473")has submitted a copy
of MUD 473's proposed bond order, MUD 473's proposed preliminary official statement, bid form and
notice of sale, and MUD 473's pro forma cash flow analysis to the City for review; and
WHEREAS,the City staff reviewed the information 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
473 for road facilities as authorized pursuant to Resolution No. 2508; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby approves Harris County
Municipal Utility District No. 473's issuance of ONE MILLION FIVE HUNDRED TWENTY FIVE
THOUSAND AND NO 100 DOLLARS ($1,525,000.00) Unlimited Tax Road Bonds, Series 2024, as
meeting the requirements of Section 98-703(17) of the Code of Ordinances, Baytown, Texas, for road
facilities as authorized pursuant to Resolution No. 2508 passed by the City Council on January 11, 2018.
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 taND
vote of the Ci uncil of the City of
Baytown this the 28`h day of March,2024.
ON C PETILL ,MAYOR
ATTEST:
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APPROVED S T FORM: N�gTF—See-OF
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SCOTT LEMOND, City Attorney
R:1Kristin Holmes\Ordmances 2024 03.28.2024 Agenda•.Resolution Approving Issuance of Tax Road Bonds.MUD 473.kh.docx