CC Resolution No. 1761 2
RESOLUTION NO. 1761
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION;AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
WHEREAS,the City Council of the City of Baytown,Texas(the"City"),deems it advisable to issue
certificates of obligation of the City in accordance with the notice hereinafter set forth;NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS:
Section 1: The facts and recitations contained in the preamble of this resolution are hereby
found and declared to be true and correct.
Section 2: The City Clerk is hereby authorized and directed to cause to be published in the
manner required by law and in substantially the form attached hereto,a notice of intention to issue certificates
of obligation.
Section 3: The notice shall be published once a week for two (2) consecutive weeks in a
newspaper which is of general circulation in the City,the date of the first publication to be at least fifteen(15)
days before the date tentatively set in said notice for the passage of the ordinance authorizing the issuance of
such certificates of obligation.
Section 4: The Mayor, City Clerk, and other officers and agents of the City are hereby
authorized and directed to do any and all things necessary or desirable to carry out the provisions of this
resolution.
Section 5: 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 121h day of January, 2006.
CALVIN MUNDINGER, or
TEST:
LORRI COODY, ity Clerk
APPROVED AS TO FORM:
ACIO RAMIREZ, SR., C Attorney
R:\Kacen\Files\City Council\Resolutions\2 6Uanuary 12\City of Baytown-2006 Notice of Intention.DOC
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of Baytown, Texas (the
"City"), will meet at the City Hall, 2401 Market Street,Baytown,Texas, at 6:30 p.m. on the 9`h day
of February, 2006, which is the time and place tentatively set for the passage of an ordinance and
such other action as may be deemed necessary to authorize the issuance of the City's certificates of
obligation, in the maximum aggregate principal amount of$12,230,000, payable from ad valorem
taxation and from a limited pledge of a subordinate lien on the net revenues of the City's waterworks
and sanitary sewer system, bearing interest at any rate or rates not to exceed the maximum interest
rate now or hereafter authorized by law, as shall be determined within the discretion of the City
Council at the time of issuance, and maturing over a period of years not to exceed thirty(30) years
from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of
the cost of the purchase of equipment and construction of improvements for the City's water and
sanitary sewer system, and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 12`h day of
January, 2006.
/s/ Lorri Coody
City Clerk
City of Baytown, Texas
(SEAL)
EXHIBIT A