CC Resolution No. 1781 3U
RESOLUTION NO. 1781
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 set forth in Section 2 above 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: The notice and agenda relating to this meeting and heretofore posted by the City
Clerk, and the posting thereof, are hereby authorized, approved and ratified.
Section 6: 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 9"day of March, 2006.
CALVIN MUNDINDER, Mayor
T S /
LORRI COOD , City Clerk
APPROVED A TO FORM:
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47NACIO RAMIREZ, SR.,Oty Attorney
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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 4:30 p.m.on the 13th day
of April, 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$19,700,000,payable from ad valorem
taxation and from 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
construction of improvements for the City's sanitary sewer system, and the cost of professional
services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,this 91
h day of March,
2006.
/s/ Lorri Coody
City Clerk
City of Baytown, Texas
(SEAL)