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CC Resolution No. 1830 3 RESOLUTION NO. 1830 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, APPROVING THE PRELIMINARY OFFICIAL STATEMENT FOR SALE OF CITY OF BAYTOWN, TEXAS CERTIFICATES OF OBLIGATION, SERIES 2007; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the City Council has determined to proceed with the sale of the City's Certificates of Obligation, Series 2007 (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 1T RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section l: 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 January 25, 2007, 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 vott�f the City Council of the City of Baytown, this the 11`I' day of January, 2007. ST HEN H. DONCARLOS, Mayor TT ST. 1Y xi Y LOIZRI GOODY, ity Clerk APPROVED AS TO FORM: GNACIO RAMIREZ, SR., ty Attorney R:\Jeanene\My Documents\Counci1\06-07\January Ist\ApprovePOS4Certificatesof0bligation2007.DOC