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CC Resolution No. 1703 13 RESOLUTION NO. 1703 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, APPROVING THE PRELIMINARY OFFICIAL STATEMENT FOR SALE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2005; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the City Council has determined to proceed with the sale of the City of Baytown's General Obligation Refunding Bonds, Series 2005 (the "Obligation"); and WHEREAS, the City Council has received a Preliminary Official Statement relating to the sale of the Obligation and wishes to approve said document for use in connection with the sale of the Obligation; 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 Obligation 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 Obligation on April 1, 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 10`h day of March, 2005. CALVIN MUNDINGER, Mayo ATTEST: G W. SMITH, City Clerk APPROVED AS TO FORM: NACIO RAMIREZ, City Attorney R:Ueanene\My Documents\CounciA04-05\Much Ist\ApprovePOS4BondsSeries2005.DOC