CC Resolution No. 1674 72
RESOLUTION NO. 1674
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, REPEALING RESOLUTION NO. 1629 APPROVED BY THE CITY
COUNCIL ON FEBRUARY 12, 2004; AUTHORIZING THE CITY MANAGER
TO APPLY FOR FINANCIAL ASSISTANCE FROM THE TEXAS WATER
DEVELOPMENT BOARD FOR THE UTILITY CAPITAL IMPROVEMENT
PROGRAM; MAKING OTHER PROVISIONS RELATED THERETO; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, on February 12, 2004, the City Council authorized the City Manager to
apply for financial assistance in the amount of THIRTY-TWO MILLION FOUR HUNDRED
SEVENTY THOUSAND AND NO/100 DOLLARS ($32,470,000.00) from the Texas Water
Development Board ("TWDB") for the Utility Capital Improvement Program; and
WHEREAS, such amount omitted SIX HUNDRED THOUSAND AND NO/100
DOLLARS ($600,000.00) in issuance costs; and
WHEREAS, TWDB requires that issuance costs be likewise authorized by resolution so
that the total amount authorized matches the corresponding loan application; and
WHEREAS, the City of Baytown desires to add SIX HUNDRED THOUSAND AND
NO/100 DOLLARS ($600,000.00) in issuance costs to its initial authorization for financial
assistance and so that the total authorized application for assistance from TWDB equals
THIRTY-THREE MILLION SEVENTY THOUSAND AND NO/100 DOLLARS
($33,070,000.00); NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That Resolution No. 1629 approved by the City Council on February 12,
2004, is hereby repealed in its entirety.
Section 2: That the City Council of the City of Baytown hereby authorizes the City
Manager to apply for financial assistance from the Texas Water Development Board for the
Utility Capital Improvement Program in the amount of THIRTY-THREE MILLION SEVENTY
THOUSAND AND NO/100 DOLLARS ($33,070,000.00).
Section 3: That the City Manager is hereby designated as the authorized
representative for submitting the application, executing any necessary documents associated
therewith and making appearances before the Texas Water Development Board.
Section 4: That the City Manager of the City of Baytown is hereby authorized to
accept or affirm any financial assistance granted that may result from the above-referenced
application.
Section 5: This resolution shall take effect immediately from and after its passage by
the City Council of the City of Baytown.
73
INTRODUCED, READ and PASSED, by the affirmative vote of the City Council of the
City of Baytown this the 26`h day of August, 2004.
CALVIN MUNDINGER, Mayor
ATTEST:
G RY . SMITH, City Clerk
APPROVED AS TO FORM:
I NACIO RAMIREZ, S ity Attorney
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