HomeMy WebLinkAbout8-08-08-2b - Resolution - 08/06/2008Resolution No. 8- 06 -08 -2b
RESOLUTION APPROVING NOTICES OF SALE, PRELIMINARY OFFICIAL
STATEMENTS, AND RELATED MATERIALS FOR THE SALE OF "CITY OF
COLLEGE STATION, TEXAS GENERAL OBLIGATION IMPROVEMENT BONDS,
SERIES 2008" AND "CITY OF COLLEGE STATION, TEXAS CERTIFICATES OF
OBLIGATION, SERIES 2008 ", INCLUDING SELECTION OF A DATE FOR
OPENING BIDS
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 Improvement Bonds, Series 2008 in the principal amount of $9,455,000, and its
Certificates of Obligation, Series 2008 in the principal amount of $26,440,000 (collectively, the
"Obligations ") for purposes described in the below described documents as soon as possible;
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 competitive bid basis;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEGE STATION, TEXAS THAT:
1. The Official Notices of Sale, including the Official Bid Forms, and the Preliminary Official
Statements for each series of Obligations, substantially in the forms attached hereto are hereby approved,
and the Chief Financial Officer of the City and the Financial Advisor are authorized to distribute same
among entities which would be interested in bidding on the Obligations and other interested persons.
2. The Chief Financial Officer of the City and the 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 on August 18, 2008.
PASSED AND APPROVED THIS 6TH DAY OF AUGUST, 2008.
Ben White, Mayor
1
rA, / 11
Connie Hooks, City Secretary
(SEAL)
Resolution No. 8- 06 -08 -2b
APPROVED:
Mc 1, /arkhurst
& Horton .L.P., Bond Counsel
Resolution No. 8- 06 -08 -2b
OFFICIAL NOTICES OF SALE
Resolution No. 8- 06 -08 -2b
10. 0 11 H WD"
PRELIMINARY OFFICIAL STATEMENTS