Ordinance No. 9,569ORDINANCE NO. 9569
® AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING PAYMENT FOR SERVICES RELATING TO THE
ISSUANCE OF THE CITY'S SERIES 2003 CERTIFICATES OF OBLIGATION
AND SERIES 2003 GENERAL OBLIGATION BONDS IN AN AMOUNT OF
NINETY -TWO THOUSAND SEVEN HUNDRED EIGHTY -SIX AND 29/100
DOLLARS ($92,786.29); AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
•
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes payment
in an amount of NINETY -TWO THOUSAND SEVEN HUNDRED EIGHTY -SIX AND 29/100
DOLLARS ($92,786.29) for services relating to the issuance of the City's Series 2003
Certificates of Obligation and Series 2003 General Obligation Bonds, in accordance with Exhibit
"A," which is attached hereto and incorporated herein for all intents and purposes.
Section 2: That the City Manager is hereby granted the general authority to approve a
decrease or an increase in costs by TWENTY -FIVE THOUSAND AND NO 1100 DOLLARS
($25,000.00) or less, provided that the amount authorized in Section 1 hereof may not be increased by
more than twenty-five percent (25 %).
Section 4: This ordinance shall take effect immediately from and after its passage by the
City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of
Baytown this the 22nd day of May, 2003.
ATTEST:
GA, 1 W. SMTH, City Clerk
APPROVED AS TO FORM:
4i_� _ /
'O IR r Attorney
FA Karen\Files \City Counci}\ Ordinances\ GeneralAu thorizePayment4Bonds.doc
PETE C. ALFARO, Mayor
0
Company
Vinson & Elkins
First Southwest
Chase Bank
Moody's
Standard & Poor's
0
Exhibit A
Service
Bond Counsel
Financial Advisor
Paying Agent
Bond Rating
Bond Rating
Total
Payment
$26,306.10
$46,880.19
$600.00
$9,500.00
$9,500.00
$92,786.29