CC Resolution No. 2283 RESOLUTION NO. 2283
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 refunding bonds (the "Refunding 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
and other arrangements for the sale of the Certificates and Refunding 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 vote of the City Council of the
City of Baytown, Texas this 23rd day of January, 2014.
S PH . DONCARLOS, Ma or
ATTEST:
ys,; ...c!r o
kN
LETICIA BRYSCH, City Cl -n` c
A
M ;
APPROVED AS TO FORM:
ACIO RAMIREZ, SR., Ca Attorney
RAKaren\Files\City Council\Resolutions1201411anuary 23\DM-44451771-v2-City_af Baytown_-_NOl_Resolution_{2014_Co}.DOCX
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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
27`h day of February, 2014, 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
TWELVE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($12,500,000),
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, and(iii)cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 23`d day of
January, 2014.
Leticia Brysch
City Clerk
City of Baytown, Texas
(SEAL)
#4451771.2