CC Resolution No. 1433 2702
RESOLUTION NO. 1433
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS;
AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE THE GENERAL
CERTIFICATES OF LOCAL GOVERNMENTAL UNIT RELATING TO THE ISSUANCE OF
SINGLE FAMILY MORTGAGE REVENUE BONDS, SERIES 2000, BY SOUTHEAST TEXAS
HOUSING FINANCE CORPORATION; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
WHEREAS, the Southeast Texas Housing Finance Corporation (the "Corporation") has proposed offering
Single Family Mortgage Revenue Bonds, Series 2000, in the aggregate principal amount not to exceed $25,000,000
in order to recapture prepayment funds from previously issued single family mortgage revenue bonds, and convert the
prepayments into convertible notes for the use in generating new mortgages; and
WHEREAS,the issuance of the above-referenced bonds is expected to advance the Corporation's continued
efforts in providing safe,decent, sanitary and affordable housing to residents of its sponsoring political subdivisions,
including the City of Baytown; and
WHEREAS, to gain approval of the Texas Attorney General's Office for the issuance of the bonds, the
Corporation has asked that the City of Baytown confirm certain information regarding the Corporation; NOW
THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown,Texas,hereby authorizes and directs the Mayor
to execute the General Certificate of Local Governmental Unit relating to the issuance of Single Family Mortgage
Revenue Bonds, Series 2000, by Southeast Texas Housing Finance Corporation, which certificate is attached hereto
as Exhibit "A" and made a part hereof for all intents and purposes. The Mayor is further directed to execute the
certificate of highest elected official and to authorize the Attorney General of the State of Texas,any Assistant Attorney
General of the State of Texas or any of their respective delegates or assigns, to complete the date on the certificate.
Section 2: This resolution shall take effect immediately from and after its passage by the City Council
of the City of Baytown, Texas.
INTRODUCED,READ and PASSED, by the affirmative vote of the City Council of the City of Baytown this
the 23rd day of March,2000.
PETE C. ALFARO, M yor
ATTEST:
GARY W. MITH, City Clerk
APPROVED AS TO FORM:
ACID RAMIREZ, SR., Cit0 A omey
d:kl h240\Counc i I\Resolutions\STHFCSingleFmi IyHousi ngRevenueRefund ingBonds.Resolution
GENERAL CERTIFICATE
OF T OCAT GOVFRNMFNTAT UNIT
I have executed this Certificate for the benefit of all persons interested in the validity of the
proceedings of The Southeast Texas Housing Finance Corporation (the "Issuer") related to the
issuance by the Issuer of its Single Family Mortgage Revenue Bonds, Series 2000C in an amount
not to exceed$25,000,000(the"Bonds"). Capitalized terms used herein and not otherwise defined
shall have the same meanings ascribed to such terms in the Texas Housing Finance Corporations
Act, Chapter 394, Texas Local Government Code, as amended (the "Act"). I hereby certify as
follows:
1. I am the duly elected and incumbent official of City of Baytown (the "Local
Governmental Unit") holding the office indicated below.
2. The Issuer has been authorized to act on behalf of the Local Governmental Unit by
action of the governing body of the Local Governmental Unit.
3. The Restated Articles of Incorporation of the Issuer have been approved by the
governing body of the Local Governmental Unit. The minutes of the governing body of the Local
Governmental Unit do not reflect any amendment to the Restated Articles of Incorporation of the
Issuer.
4. The minutes of the governing body of the Local Governmental Unit do not reflect any
action for the purpose of(i)changing the structure, organization,programs or activities of the Issuer,
(ii) terminating the Issuer, (iii) withdrawing from the Issuer or(iv) limiting the effectiveness of the
resolution of the Issuer's board of directors authorizing the issuance of the Bonds or otherwise
affecting the Bond transaction.
5. Except for the Issuer, the Local Governmental Unit has not created or authorized to
act on its behalf any housing finance corporation(including any joint housing finance corporation),
except a housing finance corporation that has no power to make home mortgages or to make loans
to lending institutions, the proceeds of which are to be used to make home mortgages or to make
loans on residential developments.
6. The Local Governmental Unit has appointed the individual named below to act as a
member of the board of directors of the Issuer for a term ending as indicated below. That individual
is a resident of a Local Governmental Unit which is a member of the Issuer. The minutes of the
governing body of the Local Governmental Unit do not reflect that such individual has been removed
as a member of the Issuer's board of directors.
7. No litigation is pending or, to my knowledge, threatened against the Local
Governmental Unit relating to the Issuer, the Bonds, the proceeding regarding the issuance of Bonds,
G9CNP.PGM\?OW\GC_CITY.W PD
March 2,20W
EXHIBIT A
the bonds being refunded with the Bonds, the representation on the Issuer's board of directors of the
Local Governmental Unit, or the participation of the Local Governmental Unit in the Issuer or the
Program.
Signature: ,CXe e• ��
Printed Name: Pete C. Alfaro, Mayor
OFFICE:
County Judge Mayor u
❑ County Attorney Mayor Pro Tern
Other City Secretary El
LOCAL GOVERNMENTAL UNIT:
City of Baytown
Name of Member of Expiration of
Issuer's Board of Directors: Daniel Sandoval Director's Term: 01/31/01
[DO NOT DATE THIS PAGE]
Date of this
Certificate:
GACNP.PGM0000\GC CITY.WPD
Mach 2,2000
March 15, 2000
Jim Thomassen, Assistant Attorney General
Chief-- Public Finance Division
Office of the Attorney General
300 West 15th Street, 9th Floor
Austin, Texas 78701
RE: The Southeast Texas Housing Finance Corporation -- Single Family
Mortgage Revenue Bonds, Series 2000C
Dear Mr. Thomassen:
By this letter, the Attorney General of the State of Texas, any Assistant Attorney General or
any of their respective delegates or assigns, is authorized to complete the date of the "General
Certificate of Local Governmental Unit" of the undersigned Local Governmental Unit and to rely
upon such information unless notified otherwise.
By: ljze, C'. CI.L ✓"
Printed Name: Pete C. Alfaro
Title: Mayor
LOCAL GOVERNMENTAL UNIT
City of Baytown
GACNP.PGM\2000\GC_QTY.W PD
Match 2,2000
CERTIFICATE OF HIGHEST ELECTED OFFICIAL
EVIDENCING PUBLIC APPROVAL PURSUANT TO
§ 147(f) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
WHEREAS, The Southeast Texas Housing Finance Corporation (the"Corporation") has,
in accordance with the provisions of the Housing Finance Corporations Act, Chapter 394, Local
Government Code, as amended, duly authorized the issuance of The Southeast Texas Housing
Finance Corporation Single Family Mortgage Revenue Bonds, Series 2000C in the aggregate
principal amount not to exceed S25,000,000(the`Bonds"). The Corporation authorized the issuance
of the Bonds to provide funds to qualified persons of families of low or moderate income to finance
the purchase of single family residences in the State of Texas (the "Program").
WHEREAS, on Monday, March 20, 2000, the Corporation held a public hearing in
connection with the issuance of the Bonds after due notice thereof was published in The Chronicle,
a newspaper of general circulation within the jurisdictions of each of the Local Governmental Units
which comprise the Corporation and which meets the requirements of§ 2051.044, Government
Code, at which no objections were raised by anyone present at the hearing.
WHEREAS, the provisions of Section 147(f)of the Code require that the issuance of certain
private activity bonds, such as the Bonds, must be approved by the "applicable elected
representative" of the "governmental unit" issuing said bonds or on whose behalf said bonds are
being issued;
WHEREAS, under Section 147(f)(2)(E)(i)(II) of the Code, the applicable elected
representative of the governmental unit is, in this case, the Mayor of City of Baytown (the"City");
and
WHEREAS, as the highest elected official of the City, the undersigned desires to approve
the issuance of the Bonds in one or more series for the purpose of financing the Project, on behalf
of the Corporation, all in accordance with Section 147(f) of the Code.
NOW, THEREFORE, I, Pete C. Alfaro, Mayor, do hereby certify that I am the highest
elected official of the City and I do hereby approve the issuance of the Bonds for the purpose of
financing the acquisition and rehabilitation of the Project to further the public purpose of the
Corporation by providing safe, decent and sanitary housing for persons of low-to-moderate income
level, all in accordance with Section 147(f) of the Code. I do hereby authorize the members of the
Corporation and its officers to cause this Certificate to be filed of record in the Transcript of
Proceedings for the Bonds and to file a copy thereof with any state or federal agency, board or
commission as may be required by any applicable state or federal laws, rules or regulations.
WITNESS my signature as of the 21 st day of March, 2000.
x� (7-
Pete C. Alfaro, Mayor
City of Baytown, Texas