BAWA Resolution No. 2018-15RESOLUTION NO. 2018-15
RESOLUTION BY THE BOARD OF DIRECTORS OF THE BAYTOWN
AREA WATER AUTHORITY APPROVING THE PRELIMINARY OFFICIAL
STATEMENT AND NOTICE OF SALE; APPOINTING THE PAYING
AGENT/REGISTRAR; APPROVING OTHER MATTERS INCIDENTAL
THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS, the Board of Directors (the `Board") of Baytown Area Water Authority (the
"Authority") desires to issue its Baytown Area Water Authority Water Supply Contract Revenue
Bonds, Series 2018 (City of Baytown Project) (the "Bonds") in an aggregate principal amount
not to exceed $30,000,000 for the purposes of (i) making, purchasing, constructing, leasing or
otherwise acquiring, enlarging, expanding and modifying the Project (as defined in the Amended
and Restated Water Supply Contract — Treated Water, as amended, entered into between the
Authority and the City of Baytown, Texas) and (ii) paying the costs of issuing the Bonds; and
WHEREAS, the Authority desires to approve the form and content of a preliminary
official statement (the "Preliminary Official Statement") and notice of sale ("Notice of Sale") in
anticipation of its issuance of the Bonds, and appoint the paying agent/registrar for the Bonds
(the "Paying Agent/Registrar"); NOW THEREFORE,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA
WATER AUTHORITY:
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 the Board and made a part
hereof for all purposes.
Section 2: The form and content of the Preliminary Official Statement and Notice of Sale
for the Bonds, as presented to the Board at this meeting, are hereby approved, with such
additions, corrections and revisions as may be necessary or appropriate and approved by the
General Manager of the Authority or his designee, and the General Manager of the Authority or
his designee is authorized to deem such Preliminary Official Statement, with such additions,
corrections and revisions as are approved by the General Manager of the Authority or his
designee, final within the meaning and for the purposes of paragraph (b)(1) of Rule 15c-2-12 of
the Securities and Exchange Commission. The use of the Preliminary Official Statement and
Notice of Sale in connection with the sale of the Bonds is hereby approved.
Section 3: The Authority's financial advisor, Hilltop Securities Inc., and bond counsel,
Bracewell LLP, are authorized and directed to proceed with the necessary arrangements for the
sale of the Bonds in accordance with the aforesaid Preliminary Official Statement.
Section 4: The Bank of New York Mellon Trust Company, N.A. is hereby appointed as
Paying Agent/Registrar for the Bonds.
Section 5: The President, Vice President and Secretary of the Board, the General
Manager of the Authority, and other officers and agents of the Authority are hereby authorized
and directed to do any and all things necessary or desirable to carry out the provisions of this
resolution.
#5629728.4
Section 6. This resolution shall take effect immediately from and after its passage
by the Board of Directors of the Baytown Area Water Authority.
INTRODUCED, READ and PASSED by the affirmative vote of the Board of Directors
of the Baytown Area Water Authority this the 18th day of April, 2018.
B NDA BRADLEY SMITH, President
AT ST:
LE ICIA BRYSCH, Ass ant Secretary
IM
APPROVED AS TO FORM:
WI�ACIO RAMIREZ, SR., Oeral Counsel
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