CC Resolution No. 2556RESOLUTION NO. 2556
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 A PRELIMINARY OFFICIAL STATEMENT AND A
NOTICE 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 the preparation of a notice of sale ("Notice
of Sale"), in anticipation of its issuance of the Certificates; NOW THEREFORE,
BE IT 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 tentative 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" from proceeds of the Certificates.
Section 5: The Finance Director and other appropriate officials of the City, the City's
financial advisor, 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, if any, 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 vote of the City Council of the
City of Baytown, this 10th day of January, 2019.
ATTE
LYSTICIA BRYSCH, City Jerk
APPROVED AS TO FORM
ACIO RAMIREZ, SR., i y Attorney
J Aj A 't
4HA4FE. R BETANC URTH, Mayor Pro Tem
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 14th day of February, 2019, 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 NINETEEN MILLION AND NO/100 DOLLARS ($19,000,000),
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 (30) 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 the City's
waterworks and sewer system; and (ii) costs of professional services incurred in connection
therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 10th day of
January, 2019.
Leticia Brysch
City Clerk
City of Baytown, Texas
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