HomeMy WebLinkAbout6-8-2006-13.04 - Resolution - 06/08/2006
Resolution No. 6-8-2006-13.04
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 2006', "CITY OF COLLEGE STATiON, TEXAS CERTIFICATES OF
OBLIGATiON, SERIES 2006', AND "CITY OF COLLEGE STATION, TEXAS
UTILITY SYSTEM REVENUE BONDS, SERIES 2006', 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 2006 in the principal amount of $7,375,000, its Certificates of Obligation,
Series 2006 in the principal amount of $8,325,000, and its Utility System Revenue Bonds, Series 2006 in
the principal amount of $16,950,000 (collectively, the "Obligations) for purposes described in the below
described documents as soon as possible;
WHEREAS, the City's Chief Financial Officer, the CitYs 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 June 22, 2006.
PASSED AND APPROVED THIS 8TH DAY OF JUNE, 2006.
~JAL~L~
Ron Silvia, Mayor
Connie Hooks, City Secretary
(SEAL)
APPROVED
a ,Parkhurst & Horton L.L.P., Bond Counsel
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EXHIBIT A
OFFICIAL NOTiCES OF SALE
EXHIBIT B
PRELIMINARY OFFICIAL STATEMENTS