HomeMy WebLinkAbout4-14-2005-3.9 - Resolution - 04/14/2005 Resolution No. 4 -14- 2005 -3.9
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 2005 ", "CITY OF COLLEGE STATION, TEXAS CERTIFICATES OF
OBLIGATION, SERIES 2005" AND "CITY OF COLLEGE STATION, TEXAS
UTILITY SYSTEM REVENUE BONDS, SERIES 2005 ", 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 2005, in the estimated principal amount of $5,710,000, its
Certificates of Obligation, Series 2005 in the estimated principal amount of $7,595,000, and its Utility
System Revenue Bonds, Series 2005, in the estimated principal amount of $8,035,000 (collectively, the
"Obligations ") for purposes described in the below described documents as soon as possible;
WHEREAS, the City's Finance and Strategic Planning Director, 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 Finance and Strategic Planning Director 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 Finance and Strategic Planning Director 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 Finance and Strategic Planning Director, and its
members to do all things necessary to sell the Obligations on April 28, 2005.
PASSED AND APPROVED THIS 14TH DAY OF APRIL, 20 5.
A' PROV h D: TEST: .
' i
Dennis Maloney, Mayor Pro Tem Connie Hooks, City Secretary
Approveu
, , Parkhur• & Horton L.L.P., Bond Counsel
iti■ EXHIBIT A
OFFICIAL NOTICES OF SALE
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EXHIBIT B
PRELIMINARY OFFICIAL STATEMENTS
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