CC Resolution No. 2760RESOLUTION NO.2760
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS,
APPROVING HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO.459'S
ISSUANCE OF ELEVEN MILLION SEVEN HUNDRED FIVE THOUSAND AND
NO/100 DOLLARS ($11,705,000.00)UNLIMITED TAX BONDS,SERIES 2022,
AS MEETING THE REQUIREMENTS OF SECTION 98-703(17)OF THE CODE OF
ORDINANCES,BAYTOWN,TEXAS;AND PROVIDING FOR THE EFFECTIVE
DATE THEREOF.
WHEREAS,Harris County Municipal Utility District No. 459 ("MUD 459")has submitted a copy
of the following to the City for review:
1.The Order and Staff Memorandum of Texas Commission on Environmental Quality
approving MUD 459's projects and bonds,
2.MUD 459's proposed bond order,
3.MUD 459's preliminaiy official statement,bid fonn and notice of sale, and
4. Pro Forma Cash Flows Analysis;
and
WHEREAS,the City staff reviewed the infonnation submitted and has determined that the criteria
contained in Section 98-703(17)of the Code of Ordinances,Baytown,Texas,have been satisfied by MUD
459;NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS:
Section 1:That the City Council of the City of Baytown,Texas,hereby approves Harris
County Municipal Utility District No.459's issuance of ELEVEN MILLION SEVEN HUNDRED FIVE
THOUSAND AND NO/lOO DOLLARS ($11,705,000.00)Unlimited Tax Bonds,Series 2022,as
meeting the requirements of Section 98-703(17)of the Code of Ordinances,Baytown,Texas.
Section 2: 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 affinnative vote of the City Council of the City of
Baytownthisthe 28"'dayof October,2021.
^NDON CAPETILLO,t^ayor
ATTEST:•<*r«
ANGELA^CKSON,City
APPROVED AS TO FORM:
'mOJ:}
iN L.HORNER,City Attomey
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