CC Resolution No. 1530 4
RESOLUTION NO. 1530
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 (MORTGAGE-BACKED
SECURITIES PROGRAM), SERIES 2002A, 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 (Mortgage-backed Securities Program), Series 2002A, in an
amount not to exceed$28,000,000 in order to provide funds to refund certain outstanding obligations of STHFC
thereby preserving the availability of funds to assist in financing the origination of certain mortgage loans for
the purchase of single family residences by persons and families of low and moderate income throughout
STHFC's territory; and
WHEREAS, the issuance of the above-referenced notes 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 (Mortgage-backed Securities Program), Series 2002A, 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 24`h day of January, 2002..
/,ram e. 4V:A�
PETE C. ALFARO, ayor
A
l
GAY W. M1TH, City Clerk
APP OVED AS TO FORM:
ACIO RAMIREZ, SR ity Attorney
F:Ueanene\My Documents\Council\01-02Uanuary\STHFCSingleFamilyMortgageRefundingNotes.doc
GENERAL CERTIFICATE
OF LOCAL GOVERNMENTAL 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(Mortgage-Backed Securities
Program), Series 2002A in an estimated amount of $28,000,000(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,dated March 28, 1983 and filed
with the Secretary of State of the State of Texas on March 29, 1983, 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 Galveston County Housing Finance Corporation, 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.
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 or until such time
as a replacement representative has been appointed by the Local Governmental Unit. 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,
LWIT 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.
8. 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 this Certificate on behalf
of the undersigned Local Governmental Unit and to rely upon such information unless notified
otherwise.
Signature:
Printed Name: Pete Alfaro
OFFICE:
County Judge
County Clerk El
County Attorney
City Mayor
LOCAL GOVERNMENTAL UNIT:
City of Baytown
Name of Member of Expiration of
Issuer's Board of Directors: Daniel Sandoval Director's Term: 01/26/07
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Date of this
Certificate: