HomeMy WebLinkAbout02-11-21-3.3 - Resolution - 02/11/2021
RESOLUTIONNO.
A RESOLUTION OF THE CITYCOUNCIL OF THE CITYOF COLLEGE STATION, TEXAS,
GRANTING CONSENT TO ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 FOR THE
SALE AND ISSUANCE OF UNLIMITED TAX ROAD BONDS, SERIES 2021, IN AN
AMOUNT NOT TO EXCEED $2,500,000
WHEREAS, the City of College Station, Texas (the "City") consented to the creation of Rock
Prairie Management District No. 2 (the "District") on July 9, 2015, through Resolution No. 07-09-
15-02 (the "Consent Resolution"); and
WHEREAS, on February 17, 2015, the City Council of the City approved a Utility and Road
Agreement between the City and the District (the "Utility Agreement") which authorizes the
District to issue, sell, and deliver bonds from time to time, as deemed necessary and appropriate
by the Board of Directors of the District, for the purposes, in such form and manner as permitted
or provided by federal law, the general laws of the State of Texas, and the Consent Resolution;
and
WHEREAS, the Utility Agreement further requires that the authorizing resolution of the District's
Board of Directors be approved by the City Council to the extent such resolution is in compliance
with the Consent Resolution; and
WHEREAS, the District has requested the City's consent to the District's sale and issuance of
Unlimited Tax Road Bonds, Series 2021, in an amount not to exceed $2,500,000 (the "Bonds");
and
WHEREAS, the City Council has reviewedthe District's request for consent to the sale and
issuance of the Bonds and the certifications and documentation submitted by the District in support
thereof, and has determined that the sale and issuance of the Bonds by the District complies with
the terms of the Utility Agreement and Consent Resolution; now, therefore,
BE ITRESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION THAT:
PART 1:That the facts and recitations set forth in the preamble of this Resolution are hereby
found to be true and correct.
PART 2: That the City Council officially finds, determines, recites and declares that
sufficient written notice of the date, hour, place and subject of this meeting of the
City Council was posted at a place convenient to the public at the City Hall of the
City for the time required by law preceding this meeting, as required by the Texas
Open Meetings Act, Texas Government Code, Chapter 551, as amended, and that
this meeting has been open to the public as required by law at all times during which
this Resolution and the subject matter thereof has been discussed, considered, and
formally acted upon. The City Council further ratifies, approves, and confirms such
written notice and the contents and posting thereof.
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PART 3:That the City Council hereby consents tothe sale and issuance of Unlimited Tax
Road Bonds, Series 2021, in an amount not to exceed $2,500,000, and approves the
authorizing resolution of theDistrict's Board of Directorsin substantially the form
as attached in Exhibit A.
PART 4: This Resolution shall takeeffect immediately from and after its passage.
ADOPTED this the day of ,2021.
____________________________________
Karl Mooney, Mayor
ATTEST:
____________________________________
Tanya D. Smith, City Secretary
APPROVED:
____________________________________
Carla A. Robinson, City Attorney
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EXHIBIT A
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