HomeMy WebLinkAbout02-14-2002-11.2 - Resolution - 02/14/2002 RESOLUTION NO. 02 -14- 2002 -11.2
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 2002 ", "CITY OF COLLEGE STATION, TEXAS CERTIFICATES OF
OBLIGATION, SERIES 2002 ", AND "CITY OF COLLEGE STATION, TEXAS UTILITY
SYSTEM REVENUE BONDS, SERIES 2002 ", 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 2002 in the principal amount of $6,645,000, its Certificates of Obligation, Series
2002 in the principal amount of $14,480,000, and its Utility System Revenue Bonds, Series 2002 in the
principal amount of $18,215,000 (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 Obligations, 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 of the Securities and Exchange Commission.
4. The Council hereby authorizes its advisors, the Director of Fiscal Services, and its members to do
all things necessary to sell the Obligations on February 28, 2002.
PASSED AND APPROVED THIS 14th DAY OF FEBRUARY, 2002.
APPROVED: ATTEST:
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*ow Lynn Mcllhaney, Mayor Connie Hooks, City Secretary
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Approved:
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Bondcounsel
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4 0 EXHIBIT A
OFFICIAL NOTICES OF SALE
6 1) EXHIBIT B
PRELIMINARY OFFICIAL STATEMENTS
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