HomeMy WebLinkAbout3-23-2000-13.3 - Resolution - 03/23/2000RESOLUTION NO. 3-23-2000-13.3
A 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 2000", "CITY OF COLLEGE STATION, TEXAS CERTIFICATES OF
OBLIGATION, SERIES 2000", AND "CITY OF COLLEGE STATION, TEXAS
UTILITY SYSTEM REVENUE BONDS, SERIES 2000", 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 2000 in the principal amount of $8,460,000,
its Certificates of Obligation, Series 2000 in the principal amount of $4,050,000, and its Utility
System Revenue Bonds, Series 2000 in the principal amount of $10,500,000, (collectively, the
"Obligations") for purposes described in the below described documents as soon as possible; and
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:
Part 1:
The Official Notices of Sale, including the Official Bid Forms, and the
Preliminary Official Statements substantially in the forms attached hereto are
hereby approved, and the Director of Management and Budget and the
Financial Advisor are authorized to distribute same among entities which
would be interested in bidding on the Obligations and other interested persons.
Part 2:
The Director of Fiscal Services and Budget 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.
Part 3:
The Council hereby deems the Preliminary Official Statements to be final in
compliance with Rule 15c2-12 of the Securities and Exchange Commission.
Part 4:
The Council hereby authorizes its advisors, the Director of Management and
Budget, and its members to do all things necessary to sell the Obligations on
April 13, 2000.
ADOPTED this 23rd day of March, A.D. 2000.
CONNIE HOOKS, City Secretary
APPROVED:
L'-'YN~//Mc ILHANEY, Mayor/
Gty Attorney'-
EXHIBIT A
OFFICIAL NOTICES OF SALE
EXHIBIT B
PRELIMINARY OFFICIAL STATEMENTS