CC Resolution No. 1690 94
RESOLUTION NO.1690
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE
THE GENERAL CERTIFICATE OF LOCAL GOVERNMENTAL UNIT
RELATING TO SOUTHEAST TEXAS HOUSING FINANCE
CORPORATION'S ISSUANCE OF MULTIFAMILY HOUSING REVENUE
BONDS (ROSEMONT AT GARTH APARTMENTS) IN ONE OR MORE
SERIES IN AN AGGREGATE AMOUNT NOT TO EXCEED FIFTEEN
MILLION AND NO/100 DOLLARS ($15,000,000.00) AND TO EXECUTE
THE CERTIFICATES OF HIGHEST RANKING OFFICIAL RELATING TO
SOUTHEAST TEXAS HOUSING FINANCE CORPORATION'S ISSUANCE
OF SUCH BONDS; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
WHEREAS, the Southeast Texas Housing Finance Corporation (the "Corporation") is
proposing to issue the Corporation's Multifamily Housing Revenue Bonds for a multifamily
property in or near the City of Baytown, Texas; and
WHEREAS, the Corporation has represented to the City of Baytown that (i) it has held a
public hearing concerning the anticipated bond issuance on November 30, 2004, in the lone Star
Room, Baytown Community Center of Baytown, Texas; (ii) there were no comments received at
the public hearing; and(iii) no one submitted any written comments for the same; 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; 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
Southeast Texas Housing Finance Corporation's issuance of Multifamily Housing Revenue
Bonds (Rosemont at Garth Apartments) in one or more series in an aggregate amount not to
exceed FIFTEEN MILLION AND NO/100 DOLLARS ($15,000,000.00). The Mayor is further
directed to execute the certificate of highest elected official relating to Southeast Texas Housing
Finance Corporation's issuance of the bonds referenced herein 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 certificates.
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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 91
h day of December,2004.
CALVIN MUNDINGER, May
ATTEST:
iE]
AR W. SMITH, City Clerk
APPROVED AS TO FORM:
IGJCIO RAMIREZ, SR. Cit A orney
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Resolution No. 1689 was incorrectly
listed and filed as a resolution, when, in
fact, it was prepared as an ordinance. It
is now filed as Ordinance No. 9947A.