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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. 1 95 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 mneraejsm­nx.re,j uesray CoumlCMewlu4o:�nIFC.Nu1(IAm'iruoo.m Rx.... 3"aeno:eoa'(me 2 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.