Loading...
CCPD Resolution No. 28 RESOLUTION NO. 28 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN CRIME CONTROL AND PREVENTION DISTRICT CERTIFYING EACH OUTSTANDING SHORT-TERM AND LONG-TERM LIABILITY OF THE DISTRICT;AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS,on February 2,2002,the Baytown Crime Control and Prevention District(the"District") held a special election regarding the continuation of the District and the associated sales tax; and WHEREAS, a majority of the votes cast at the such election were not in favor of continuing the District for 10 years nor continuing the Crime Control and Prevention District sales tax for 10 years;and WHEREAS,due to the results of the election,the District was dissolved pursuant to the Crime Control and Prevention District Act(the"Act')on August 2,2002; and WHEREAS,pursuant to the Act,not later than the 30''day after the date of dissolution,the District must certify each outstanding liability; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN CRIME CONTROL AND PREVENTION DISTRICT: Section 1: That the Board of Directors of the Baytown Crime Control and Prevention District hereby certifies that each outstanding short-term and long-term liability is evidenced in Exhibit"A,"which is attached hereto and made a part hereof for all intents and purposes. Section 2: This resolution shall take effect immediately from and after its passage by the Board of Directors of the Baytown Crime Control and Prevention District. INTRODUCED, READ and PASSED by the affinnative vote of the Board of the Baytown Crime Control and Prevention District this the 8`h day of August, 2002. /& PETE C. ALFARO,Presi ent ATTEST: —G W.4MITH, Secretary APPROVED AS TO FORM: 9".D� 1��4 dtMACIO RAMIREZ, SR.,"I Counsel FAKarcn\Files\City CounciWrime Control&Prevention District\CCPDCertifyingOhGgatians.doc Crime Control and Prevention district Long Term Liabilities 1998 Tax&Revenue Certificates of Obligation Original Issue: $5,955,000 Series 1998 Date of Issue- 5/15/1998 Term-10 Years Fiscal Interest Principal Interest Interest Total Total Debt Balance of Year Rate Due 2/1 Due 2/1 Due 8/1 Interest for Fiscal Yr Principal $5,955,000.00 1999* 4.5% $ 470,000.00 $198,432.00 $128,947.50 $ 327,379.50 $ 797,379.50 5,485,000.00 2000* 4.5% 510,000.00 128,947.50 117,472.50 246,420.00 756,420.00 4,975,000.00 2001* 4.5% 535,000.00 117,472.50 105,435.00 222,907.50 757,907.50 4,440,000.00 2002* 4.5% 555,000.00 105,435.00 92,947.50 198,382.50 753,382.50 3,885,000.00 2003 4.5% 580,000.00 92,947.50 79,897.50 172,845.00 752,845.00 3,305,000.00 2004 4.5% 605,000.00 79,897.50 66,285.00 146,182.50 751,182.50 2,700,000.00 2005 4.5% 630,000.00 66,285.00 52,110.00 118,395.00 748,395.00 2,070,000.00 2006 4.5% 660,000.00 52,110.00 37,260.00 89,370.00 749,370.00 1,410,000.00 2007 6.0% 690,000.00 37,260.00 16,560.00 53,820.00 743,820.00 720,000.00 2008 4.6% 720,000.00 16,560.00 - 16,560.00 736,560.00 - Subtotal 5,955,000.00 895,347.00 696,915.00 1,592,262.00 7,547,262.00 *Less payments thru 2002 (2,070,000.00) (550,287.00) (444,802.50) (995,089.50) (3,065,089.50) Total $3,885,000.00 $345,060.00 $252,112.50 $ 597,172.50 $4,482,172.50 TWIT A