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1997 10 15 CC Minutes, SpecialIN MINUTES OF THE SPECIAL SESSION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN October 15, 1997 The City Council of the City of Baytown, Texas, met in special session on October 15, 1997, at 7:00 a.m., in Room 117, City Hall, 2123 Market Street, with the following in attendance: Victor Almendarez Council Member Manuel Escontrias Council Member E. Frank Hinds, Jr. Council Member Stephen DonCarlos Council Member Scott Sheley Council Member Pete C. Alfaro Mayor Bobby Rountree City Manager Ignacio Ramirez City Attorney Eileen P. Hall City Clerk Absent: David Byford Council Member The meeting was opened with a quorum present, and the following business was conducted: Consider Approval of Preliminary Official Statement of Sale of Four Million Seventy Thousand and No /100 Dollars ($4,070,000) The City Manager noted that the Preliminary Official Statement provides a history of the City of Baytown including its financial position. The sale is scheduled for the regular council meeting on October 23 at which time the Official Statement and other bond documents will be approved as part of the bond ordinance. Prior to the council meeting, plans are to hold the BAWA sale which will require a special meeting of Council to approve the amended and restated contract for sale of treated water between BAWA and the City of Baytown. When the contract expired in 1996, a new contract was developed utilizing the same format as that of the City of Houston contract. The provision whereby the City of Baytown guarantees BAWA's bonded indebtedness was inadvertently omitted. Council Member Hinds moved to approve the Preliminary Official Statement. Council Member Sheley seconded the motion. The vote follows: im MINUTES OF THE SPECIAL SESSION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN October 15, 1997 The City Council of the City of Baytown, Texas, met in special session on October 15, 1997, at 7:00 a.m., in Room 117, City Hall, 2123 Market Street, with the following in attendance: Victor Almendarez Council Member Manuel Escontrias Council Member E. Frank Hinds, Jr. Council Member Stephen DonCarlos Council Member Scott Sheley Council Member Pete C. Alfaro Mayor Bobby Rountree City Manager Ignacio Ramirez City Attorney Eileen P. Hall City Clerk Absent: David Byford Council Member The meeting was opened with a quorum present, and the following business was conducted: Consider Approval of Preliminary Official Statement of Sale of Four Million Seventy Thousand and No /100 Dollars ($4,070,000) The City Manager noted that the Preliminary Official Statement provides a history of the City of Baytown including its financial position. The sale is scheduled for the regular council meeting on October 23 at which time the Official Statement and other bond documents will be approved as part of the bond ordinance. Prior to the council meeting, plans are to hold the BAWA sale which will require a special meeting of Council to approve the amended and restated contract for sale of treated water between BAWA and the City of Baytown. When the contract expired in 1996, a new contract was developed utilizing the same format as that of the City of Houston contract. The provision whereby the City of Baytown guarantees BAWA's bonded indebtedness was inadvertently omitted. Council Member Hinds moved to approve the Preliminary Official Statement. Council Member Sheley seconded the motion. The vote follows: W 971015 -2 Minutes of the Special Session — October 15, 1997 Ayes: Council Members Escontrias, Hinds DonCarlos, Almendarez, and Sheley Mayor Alfaro Nays: None Adjourn As there was no further business to be transacted, the meeting was adjourned. Eileen P. Hall, City Clerk