CC Resolution No. 1902 106
RESOLUTION NO. 1902
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: 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 af/aoe City Council of the City of
Baytown this the 13 " day of Dee;:mber, 2007.
-__ CARLOS, Mayor
TTE T:
O DY, City Clerk
APPROVED AS TO FORM:
1 ACIO RAMIREZ, SR., City torney
R:AKarenTilesVCity CouncilAResol Lit ions\2007ADecember 13VCily ofBaytown-2007 Notice of IntentionRE,ised_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 24th day of January, 2008,
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 ofobligation,in the maximum aggregate
principal amount ofTW ENTY-NINE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS
($29,500,000.00),payable from ad valorem taxation and from a limited pledge ofa 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 the expansion of the West District Wastewater Treatment Plant, improvements to the
Central Wastewater Treatment Plant,the rehabilitation and improvement of the City's water and sewer system
and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this _ day of December,
2007.
/s/ Lorri Coody
City Clerk
City of Baytown, Texas
(SEAL)