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Res 2022-109R/authorizing proceeding with issuance of Certificates of Obligation and and equip stormwater management and flood control facilities, and electric utility system in amount $26,135,000.
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Res 2022-109R/authorizing proceeding with issuance of Certificates of Obligation and and equip stormwater management and flood control facilities, and electric utility system in amount $26,135,000.
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8/1/2022 11:46:28 AM
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6/2/2022 6:42:24 PM
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Resolutions
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Certificates of Obligation
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Section 3. City Website Posting of Notice. Further, said notice shall be continuously <br />published in substantially the form attached hereto on the City's website for at least 45 days before <br />the date tentatively set for passage of the ordinance authorizing the issuance of the Certificates. <br />Section 4. Effective Date. This Resolution shall become effective immediately upon <br />adoption. The Mayor and City Clerk are hereby authorized and directed to execute this Resolution <br />on behalf of the City and to do any and all things proper and necessary to carry out the intent of <br />this Resolution. <br />Section 5. Attorney General Fee. The City Council hereby authorizes the disbursement of <br />a fee equal to the lesser of (i) one-tenth of one percent of the principal amount of each series of <br />obligations being issued or (ii) $9,500 for each series, provided that such fee shall not be less than <br />$750, to the Attorney General of Texas Public Finance Division for payment of the examination <br />fee charged by the State of Texas for the Attorney General's review and approval of public <br />securities and credit agreements, as required by Section 1202.004 of the Texas Government Code. <br />The appropriate member of the City's staff is hereby instructed to take the necessary measures to <br />make this payment. The City is also authorized to reimburse the appropriate City funds for such <br />payment from proceeds of the debt. <br />[Execution Page Follows] <br />SwiMucosCTRCO2022.Inwnt Resolution <br />
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