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BAWA Resolution No. 2006-08 RESOLUTION NO.2006-0008
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
low AREA WATER AUTHORITY,AUTHORIZING PAYMENT FOR SERVICES
RELATING TO THE ISSUANCE OF THE 2006 BAWA REVENUE BONDS
IN AN AMOUNT OF FOUR HUNDRED TWENTY-SIX THOUSAND TWO
HUNDRED TWO AND 01/100 DOLLARS(S426,202.01);AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA
WATER AUTHORITY:
Section 1:That the Board of Directors of the Baytown Area Water Authority
("BAWA"),hereby authorizes payment in an amount of FOUR HUNDRED TWENTY-SIX
THOUSAND TWO HUNDRED TWO AND 01/100 DOLLARS(S426,202.01)for services
relating to the issuance of the 2006 BAWA Revenue Bonds,in accordance with Exhibit"A,"
which is attached hereto and incorporated herein for all intents and purposes.
Section 2:That the General Manager is hereby granted the general authority to
approve a decrease or an increase in costs by TWENTY-FIVE THOUSAND AND NO/100
DOLLARS(S25,000.00)or less,provided that the amount authorized in Section I hereof may
not be increased by more than twenty-five percent(25%).
Section 3:This resolution shall take effect immediately from and after its passage by
the Board of Directors of the Baytown Area Water Authority.
INTRODUCED,READ and PASSED,by the affirmative vote of the Board of Directors
of the Baytown Area Water Authority this the 21"day of June,2006.
B RT L.GILLETTE,President
A T
LORRI COOD,Assistant Secretary
APPROVED AS TO FORM:
s^NACIO RAMIREZ,General Counsel
R:Veanene\My Documents\BAWA\IssuanceCostsAuthorized4Payment.doc
EXHIBIT A
Service Payment
SRF Loan Origination Fee 5292,445.00
Bond Insurance 61,948.01
Financial Advisor&Bond Counsel 71,509.00
Paying Agent 300.00
Total Estimated Issuance Costs 5426,202.01
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