CC Resolution No. 2224 - Houston_City of Baytown_NOI_POS_Reimbursement RESOLUTION NO. 2224
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE CERTIFICATES OF OBLIGATION; APPROVING THE
PREPARATION OF ONE OR MORE PRELIMINARY OFFICIAL
STATEMENTS; 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 (the "Certificates") of the City in accordance with the
notice hereinafter set forth; and
WHEREAS, the City desires to approve the preparation of one or more preliminary
official statements (the "Preliminary Official Statements") in anticipation of its issuance of the
Certificates and a series of general obligation bonds (the "Bonds"); NOW, THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: The findings, definitions and recitations set out in the preamble to this
resolution are found to be true and correct and are hereby adopted by City Council and made a
part hereof for all purposes.
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 as Exhibit "A," a
notice of the City's intention to issue the Certificates (the "Notice").
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 thirty-one (31) days before the date tentatively set in the Notice for the passage of the
ordinance authorizing the issuance of the Certificates.
Section 4: The Finance Director and other appropriate officials of the City, the City's
financial advisor First Southwest Company, and bond counsel Bracewell & Giuliani LLP, are
authorized and directed to proceed with the preparation of the Preliminary Official Statements,
Notices of Sale and other arrangements for the sale of the Certificates and Bonds at a future
meeting.
Section 5: 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 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 v to of the City Council of the
City of Baytown this 24"day of January, 2013.
STE EN I-I. DONCARLOS, Mayor
ATT T: `',ns. .%
LE ICIP BRYSCH, Ciry��
APPROVED AS TO FORM:
NACIO RAMIREZ, SR. 'ty Attorney
N\ MMFIICSOity C0meiMMIWi0v@013J=Uu 24\II0USTON 04234603-v2-C,_af Bapown_ N01_YOS Reimbursement ResolmionDOC%
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EXHIBIT A
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 City Hall, 2401 Market Street, Baytown, Texas, 77520, at 6:30 p.m. on the
141h day of March, 2013, 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 not to exceed
SIXTEEN MILLION EIGHT HUNDRED THOUSAND AND NO/100 DOLLARS
($16,800,000), payable from ad valorem taxes 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 of the City at the time of issuance of the
certificates of obligation, and maturing over a period not to exceed thirty (30) years from the date
of issuance, for the purposes of evidencing the indebtedness of the City for all or any part of the
costs associated with the (i) repair and renovation of, the construction of improvements to and
the equipment of the City's waterworks and sanitary sewer system, (ii) repair and renovation of,
the construction of improvements to and the equipment of the City's parks and recreational
facilities, including associated parking facilities and drainage improvements, and (iii) cost of
professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 24`h day of
January, 2013.
Leticia Brysch
City Clerk
City of Baytown, Texas
(SEAL)