CC Resolution No. 2481RESOLUTION NO. 2481
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION; APPROVING THE PREPARATION OF ONE OR
MORE PRELIMINARY OFFICIAL STATEMENTS AND NOTICES OF SALE; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS, the City Council of the City of Baytown, Texas (the "City"), deems it advisable to
issue certificates of obligation (the "Certificates") of the City in accordance with the notice hereinafter set
forth; and
WHEREAS, the City desires to approve the preparation of a preliminary official statement (the
"Preliminary Official Statement") and notice of sale ("Notice of Sale") in anticipation of its issuance of
the Certificates; NOW, THEREFORE
BE TT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1. The findings, definitions and recitations set out in the preamble to this resolution
are found to be true and correct and are hereby adopted by City Council and made a part hereof for all
purposes.
Section 2. The City Clerk is hereby authorized and directed to cause to be published in the
manner required by law and in substantially the form attached hereto as Exhibit "A", a notice of the
City's intention to issue the Certificates (the "Notice").
Section 3. The notice shall be published once a week for two (2) consecutive weeks in a
newspaper which is of general circulation in the City, the date of the first publication to be at least thirty-
one (3 1) days before the date tentatively set in the notice for the passage of the ordinance authorizing the
issuance of the Certificates.
Section 4. The City reasonably expects to reimburse itself for costs that have been or will be
paid subsequent to the date that is 60 days prior to the date hereof and that are to be paid in connection
with the projects listed in Exhibit A (the "Financed Project") from proceeds of the Certificates.
Section 5. The Finance Director and other appropriate officials of the City, the City's
financial advisor, First Southwest, a Division of Hilltop Securities Inc., and bond counsel, Bracewell
LLP, are authorized and directed to proceed with the preparation of the Preliminary Official Statement
and the Notice of Sale and to make other necessary arrangements for the sale of the Certificates at a future
meeting of the City Council of the City.
Section 6. The Mayor, the Finance Director, City Clerk, and other officers and agents of the
City are hereby authorized and directed to do any and all things necessary or desirable to carry out the
provisions of this resolution.
Section 7. This resolution shall take effect immediately from and after its passage by the
City Council of the City.
INTRODUCED, READ and PASSED by the affirmative
City of Baytown, Texas this 13th day of July, 2017.
ATTEST:
LETICIA BRYSCH, CiV Clerk
APPROVED AS TO FORM:
ef'GNACIO RAMIREZ, SR.& Attorney
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of the City Council of the
CARLOS, Mayor
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of Baytown, Texas (the
"City"), will meet in the City Council Chamber at City Hall, 2401 Market Street, Baytown,
Texas, 77520, at 6:30 p.m. on the 24th day of August, 2017, which is the time and place
tentatively set for the passage of an ordinance and such other action as may be deemed necessary
to authorize the issuance of the City's certificates of obligation, in the maximum aggregate
principal amount not to exceed TWENTY MILLION AND NO/100 DOLLARS ($20,000,000),
payable from ad valorem taxes and from a limited pledge of a subordinate lien on the net
revenues of the City's waterworks and sanitary sewer system, bearing interest at any rate or rates
not to exceed the maximum interest rate now or hereafter authorized by law, as shall be
determined within the discretion of the City Council of the City at the time of issuance of the
certificates of obligation, and maturing over a period not to exceed thirty (3 0) years from the date
of issuance, for the purposes of evidencing the indebtedness of the City for all or any part of the
costs associated with the (i) construction of improvements to and the equipment of, streets,
thoroughfares, sidewalks, and other public ways of the City, including street lighting,
streetscape, utility relocation and related water, sewer and storm drainage improvements; and
(ii) costs of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 13th day of
July, 2017.
Leticia Brysch
City Clerk
City of Baytown, Texas
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