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CC Resolution No. 16980, RESOLUTION NO. 1698 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, APPROVING THE PRELIMINARY OFFICIAL STATEMENT FOR SALE OF CITY OF BAYTOWN, TEXAS GENERAL OBLIGATION BONDS, SERIES 2005; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the City Council has determined to proceed with the sale of the City's General Obligation Bonds, Series 2005 (the "Obligations "); and WHEREAS, the City Council has received a Preliminary Official Statement relating to the sale of the Obligations and wishes to approve said document for use in connection with the sale of the Obligations; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the Preliminary Official Statement for the sale of the Obligations is hereby approved. Section 2: That the City's financial advisor, First Southwest Company, is authorized and directed to proceed with the necessary arrangements for the sale of the Obligations on February 10, 2005, in accordance with the aforesaid Preliminary Official Statement. Section 3: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 27`h day of January, 2005. CALVIN MUNDINGER, Mayor ATTEST: GARY W. SMITH, City Clerk APPROVED AS TO FORM: NACIO RAMIREZ, SR., i Attorney R:Veanene\My Documents \Council \04- 05Vanuary 2nd\ApprovePOS4Bonds2005.DOC