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CC Resolution No. 1521 2845 RESOLUTION NO. 1521 RESOLUTION APPROVING PRELIMINARY OFFICIAL STATEMENT FOR SALE OF BAYTOWN AREA WATER AUTHORITY WATER SUPPLY CONTRACT REVENUE BONDS, SERIES 2002 STATE OF TEXAS § COUNTIES OF HARRIS § AND CHAMBERS § CITY OF BAYTOWN § WHEREAS, the Baytown Area Water Authority has determined to proceed with the sale of the BAYTOWN AREA WATER AUTHORITY WATER SUPPLY CONTRACT REVENUE BONDS, SERIES 2002 (the "Obligations"), and WHEREAS, the Baytown Area Water Authority has received a Preliminary Official Statement relating to the sale of said Obligations, and has approved said document for use in connection with the sale of said Obligations; therefore Be it Resolved by the City Council of the City of Baytown, Texas: Section 1: The Preliminary Official Statement for the sale of the Obligations is hereby approved. Section 2: The City's and Baytown Area Water Authority's financial advisor, First Southwest Company, is authorized and directed to proceed with the necessary arrangements for the sale of the Obligations in accordance with the aforesaid Preliminary Official Statement. Approved and adopted on November 20, 2001. /�' e' Mayor ATTEST: 4Cie' C\Documents and Settings\ignacio ramirez\My Documents\BAWAbondapproval.doc