HomeMy WebLinkAbout08-11-11-2f - Resolution - 08/11/2011RESOLUTION NO. 08-11-11-2€
RESOLUTION APPROVING NOTICE OF SALE AND BIDDING INSTRUCTIONS,
PRELIMINARY OFFICIAL STATEMENT, AND RELATED MATERIALS FOR THE
SALE OF "CITY OF COLLEGE STATION, TEXAS GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2011" AND "CITY OF COLLEGE STATION,
TEXAS CERTIFICATES OF OBLIGATION, SERIES 2011", INCLUDING
SELECTION OF A DATE FOR OPENING BIDS
WHEREAS, the City Council (the "Council") of the City of College Station, Texas (the "City")
has determined that it is in the best interest of the City to issue its General Obligation Improvement
Bonds, Series 2011 in the principal amount of $1,960,000, and its Certificates of Obligation, Series 2011
in the principal amount of $7,935,000 (collectively, the "Obligations") for purposes described in the
documents described below;
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 Notice of Sale and Bidding Instructions, including the Official Bid Forms, and the
Preliminary Official Statement for each series of Obligations, substantially in the forms attached hereto as
Exhibit A and Exhibit B, respectively, are hereby approved, and the Chief Financial Officer of the City
and the City's Financial Advisor are authorized to distribute such documents 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 City's 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 Statement to be final in compliance with
Rule 15c2-12 of the United States 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 25, 2011.
PASSED AND APPROVED THIS 11TH DAY OF AUGUST, 2011.
V ~
Nancy Berry, Mayor
Sherry Mashburn, City Secretary
(CITY SEAL)
Resolution No. 08-11-11-2f
APPROVED:
McCa W,Krkhurst & Horton L L.P., Bond Counsel
Resolution No. 08-11-11-2f
EXHIBIT A
OFFICIAL NOTICES OF SALE
Resolution No. 08-11-11-2f
EXHIBIT B
PRELIMINARY OFFICIAL STATEMENT