CC Resolution No. 1836 12
RESOLUTION NO. 1836
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 ofthe City of Baytown,Texas(the"City"),deems itadvisable 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 dii n the
manner required by law and in substantially the form attached hereto,s 3� cafes
2 of obligation. Z.
Section 3: The notice shall be published once a week �� in a
newspaper which is of general circulation in the City,the date ofthe fi i(15)
days before the date tentatively set in said notice for the passage of the auutut tzutg 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 vo o the City Council of the City of
Baytown this the 22nd day of February, 2007.
I
t
ST PH ONCARLOS, Mayor
_.ATTEST::
LO , City Clerk
APPROVED AS TO FORM:
4RNACIO RAMIREZ, SR., CiU ttomey
R. KarenlFi IesVCity Council,Resolutions\200 February22VCityof Baytown-2007 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 22"a day of March, 2007,
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$1,000,000,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 costs associated with the of construction and improvement of City streets,including the
preliminary and final design,bidding,construction oversight,surveying,geotechnical and inspection services
and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,this day day of February,2007.
/s/ Lorri Coody
City Clerk
City of Baytown, Texas
(SEAL)