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HomeMy WebLinkAboutRES 940614-Q - Tax & Revenue CertificatesRESOLUTION NO. '?/0 & A/- Q A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE APPROVAL OF DRAFT OFFERING DOCUMENTS PREPARED BY FIRST SOUTHWEST CONWANY PERTAP41NG TO THE ISSUANCE OF $1,7509000 COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1994. WHEREAS, The City Council of the City of Georgetown, Texas desires to receive bids for the purchase of its $1,750,000 Combination Tax and Revenue Certificates of Obligation, Series 1994; and WHEREAS, First Southwest Company, Dallas, Texas, has been authorized and request I to prepare a Notice of Sale and Bidding Instructions, Official Bid Form and Official Stateme containing financial, economic and other data necessary and desirable to attract bids for s 'I Certificaies; I NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THJ CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this resolution implements Finance Policy 1 of the Century Plan - Policy Plan Element, which states: :The City will conduct all municipal operation in an efficient business -like manner; and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Police Plan. SECTION 2. The attached Notice of Sale and Bidding Instructions, Official BidFo d Oemeo o 0 000 o r] anfficial Statnt relative tthe City•f Georgetown, Texas $1,75,Combinatin T and Revenue Certificates of Obligation, Series 1994, are hereby approved, both as to form content, and said First Southwest Company is authorized to distribute said Notice of Sale Bidding Instructions, Official Bid Form and Official Statement to prospective bidders for, E I purchases of, the Certificates. $1,750,000 CO Resolution No. qArlo Page 1 of 2 SECTION 3. This resolution shall be effective immediately upon adoption. RESOLVED this 14th day of June, 1994. A 'T: TBE CITY OF GEORGET WN: Sandra Lee By: I�b Wood City Secretary Mayor APPROVED AS TO FORM: Marianne Landers Banks City Attorney $1,750,000 CO Resolution No. q4/0& Page 2 of 2