5-08-2003-10.06 - Resolution - 05/08/2003Resolution No. 5-08-2003-10.06
RESOLUTION APPROVING NOTICES OF SALE, PRELIMINARY OFFICIAL
STATEMENTS, AND RELATED MATERIALS FOR THE SALE OF "CITY OF
COLLEGE STATION, TEXAS GENERAL OBLIGATION BONDS, SERIES 2003",
"CITY OF COLLEGE'STATION, TEXAS CERTIFICATES OF OBLIGATION, SERIES
2003A", AND "CITY OF COLLEGE STATION, TEXAS UTTLTTY SYSTEM REVENUE
BONDS, SERIES 2003A", 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
Bonds, Series 2003, in the principal amount of $4,790,000, its Certificates of Obligation, Series 2003A in the
principal amount of $780,000, and its Utility System Revenue Bonds, Series 2003A in the principal amount
of $4,850,000 (collectively, the "Obligations") for purposes described in the below described documents as
soon as possible;
WHEREAS, the City's Director of Fiscal Services, 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 Obiigations, substantially in the forms attached hereto, are hereby approved, and
the Director of Fiscal Services 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 Director of Fiscal Services 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 ofthe Securities and Exchange Commission.
4. The Councit hereby authorizes its advisors, the Director of Fiscal Services, and its members to do
aIl things necessary to seil the Obligations on June 12, 2003.
PASSED AND APPROVED THIS 8TH DAY OF MAY, 2003.
APPROVED:
Ron Silvia, Mayor
Approved:
ATTEST:
Connie Hooks, City Secretary
c.~.P
Bond Counsel