CC Resolution No. 1285 2481
RESOLUTION NO. 1285
RESOLUTION AUTHORIZING APPLICATION TO TEXAS WATER
DEVELOPMENT BOARD FOR FINANCIAL ASSISTANCE
THE STATE OF TEXAS §
COUNTIES OF HARRIS AND CHAMBERS §
CITY OF BAYTOWN §
WHEREAS, the City of Baytown, Texas (the "City") is now in the process of issuing its
$4,680,000 Combination Tax and Revenue Certificates of Obligation, Series 1996, to finance
improvements to the City's waterworks and sanitary sewer system; and
WHEREAS, the City has determined to request financial assistance from the Texas Water
Development Board; and
WHEREAS,the amount of such required assistance is presently estimated to be $4,680,000;
and
WHEREAS, the City Council of the City desires to authorize an application to the Texas
Water Development Board for such assistance;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN:
1. That the City hereby requests financial assistance from the Texas Water
Development Board in the amount of$4,680,000,to be evidenced by the sale
of the City's $4,680,000 Combination Tax and Revenue Certificates of
Obligation, Series 1996, to the Texas Water Development Board.
2. That Monte Mercer, Assistant City Manager of the City, be, and he hereby
is, designated as the City's official representative for execution of the
Application and for appearances before the Texas Water Development Board.
3. That the Mayor and members of the City Council of the City, the City's
consulting engineers, financial advisors and attorneys be, and they hereby
are, authorized and directed to submit an Application to the Texas Water
Development Board for financial assistance and to do any and all things
necessary and/or desirable to carry out the purpose of this Resolution.
2482
PASSED AND APPROVED this 1 lth day of July, 1996.
Mayor
City of Baytown, Texas
ATTEST:
City Secretary
City of Baytown, Texas
(SEAL)
APPROVED AS TO FORM:
4z� � ea /-'1�4
,16AACIO RAMIREZ, S City Attorney