HomeMy WebLinkAbout10-19-09-08 - Resolution - 10/19/2009RESOLUTION NO. 90- 19 -09 -08
RESOLUTION APPROVING A PRELIMINARY OFFICIAL STATEMENT, AND
RELATED MATERIALS FOR THE SALE OF "CITY OF COLLEGE STATION,
TEXAS GENERAL OBLIGATION REFUNDING BONDS, SERIES 2009"
WHEREAS, the City Council of the City of College Station, Texas (the "Council ") has
determined that it is in the best interest of the City of College Station, Texas (the "City ") to issue its
General Obligation Refunding Bonds, Series 2009 in the principal amount not to exceed $8,500,000 (the
"Obligations ") for purposes described in the below described documents as soon as possible; and
WHEREAS, the City's Chief Financial Officer, the City's Financial Advisor, and the City's Bond
Counsel are prepared to distribute necessary documents for such sale on a negotiated basis.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEGE STATION, TEXAS THAT:
1. The Preliminary Official Statement for the Obligations, substantially in the form attached
hereto is hereby approved, and the Chief Financial Officer of the City and the City's Financial Advisor
are authorized to distribute the same to be used in connection with the public offering and the sale of the
Obligations.
2. The Chief Financial Officer of the City and the City's Financial Advisor are authorized to
apply to rating agencies for ratings on the Obligations and to bond insurance companies for possible
insurance of the payment of the Obligations and to make presentations to them and provide to such
entities the information reasonably requested by them.
3. The Council hereby deems the Preliminary Official Statements to be final in compliance with
Rule 15c2 -12 of the Securities and Exchange Commission.
4. The Council hereby authorizes its advisors, the Chief Financial Officer of the City, and its
members to do all things necessary to sell the Obligations.
PASSED AND APPROVED THIS 19TH DAY OF OCTOBER, 2009.
Ben White, Mayor
(20- - o'g ,
Connie Hooks, City Secretary
(SEAL)