03-28-24-74 - Resolution - 03/28/2024RESOLUTION NO. 03-28-24-7.4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, GRANTING CONSENT TO ROCK PRAIRIE MANAGEMENT DISTRICT NO.
2 FOR THE SALE AND ISSUANCE OF UNLIMITED TAX ROAD BONDS, SERIES 2024,
IN AN AMOUNT NOT TO EXCEED $1,600,000.
WHEREAS, the City of College Station, Texas (the "City") consented to the creation of
Rock Prairie Management District No. 2 (the "District") on July 9, 2015, through Resolution No.
07-09-15-02, as amended (the "Consent Resolution"); and
WHEREAS, on February 17, 2015, the City Council of the City approved a Utility and
Road Agreement between the City and the District (the "Utility Agreement") which authorizes the
District to issue, sell, and deliver bonds from time to time, as deemed necessary and appropriate
by the Board of Directors of the District, for the purposes, in such form and manner as permitted
or provided by federal law, the general laws of the State of Texas, and the Consent Resolution;
and
WHEREAS, the Utility Agreement further requires that the authorizing resolution of the
District's Board of Directors be approved by the City Council to the extent such resolution is in
compliance with the Consent Resolution; and
WHEREAS, the District has requested the City's consent to the District's sale and issuance
of Unlimited Tax Road Bonds, Series 2024, in an amount not to exceed $1,600,000 (the "Bonds");
and
WHEREAS, the City Council has reviewed the District's request for consent to the sale
and issuance of the Bonds and the certifications and documentation submitted by the District in
support thereof, and has determined that the sale and issuance of the Bonds by the District complies
with the terms of the Utility Agreement and Consent Resolution;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF COLLEGE STATION THAT:
Section 1. The facts and recitations set forth in the preamble of this Resolution are
hereby found to be true and correct.
Section 2. The City Council officially finds, determines, recites and declares that
sufficient written notice of the date, hour, place and subject of this meeting of the City Council
was posted at a place convenient to the public at the City Hall of the City for the time required by
law preceding this meeting, as required by the Texas Open Meetings Act, Texas Government
Code, Chapter 551, as amended, and that this meeting has been open to the public as required by
law at all times during which this Resolution and the subject matter thereof has been discussed,
considered, and formally acted upon. The City Council further ratifies, approves, and confirms
such written notice and the contents and posting thereof.
Resolution No. 03-28-24-7.4 Page 2 of 2
Section 3. The City Council hereby consents to the sale and issuance of Unlimited Tax
Road Bonds, Series 2024, in an amount not to exceed $1,600,000, and the authorizing resolution
of the District's Board of Directors.
Section 4. This resolution shall be effective immediately upon adoption.
PASSED AND APPROVED by this the 28th day of March, 2024.
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Mayor
ATTEST:
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City Secretary
APPROVED:
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City Attorney