R-80-358 - 12/23/1980RESOLUTION NO. 35M
RESOLUTION OF THE CITY COUNCIL APPROVING THE ISSU-
ANCE OF BONDS BY THE ROUND ROCK INDUSTRIAL DEVELOP-
MENT CORPORATION TO FINANCE A PROJECT FOR TELLABS
(TEXAS), INC.
WHEREAS, by resolution the City Council (the "Governing
Body ") of the City of Round Rock (the "Unit "), authorized and
,r d
approved the creation of the Round Rock Industrial Develop-
ment Corporation (the "Corporation!') as " a nonprofit industri-
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al development corporation under the provisions of the De-
velopment Corporation Act of 1979, Article 5190.6, Vernon's
Annotated Texas Civil Statutes (the "Act "); and
WHEREAS, by resolution adopted on July 8, 1980, the
Governing Body approved an Agreement to Issue Bonds between
the Corporation and Tellabs (Texas), Inc. which Agreement to
Issue Bonds authorized the issuance of industrial development
revenue bonds by the Corporation to finance the cost of
facilities to accomplish the specific public purpose for
which the Corporation was created and which Agreement to
Issue Bonds was approved by resolution of the Corporation on
July 8, 1980; and
WHEREAS, in accordance with the terms of the Agreement
to Issue Bonds, the Corporation now desires to sell and
provide for the issuance and sale of its $3,600,000 Round
Rock Industrial Development Revenue Bonds, Series 1981 (Tel -
labs (Texas), Inc. Project) (the "Bonds "), by adopting a
resolution substantially in the form attached hereto as Exhib-
it "A" (the "Resolution "); and
WHEREAS, the Act provides that the Governing Body must,
by written resolution adopted no more than sixty (60) days
prior to the date of the sale of the Bonds, specifically
approve the resolution of the Corporation providing for the
issuance of the Bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ROUND ROCK, TEXAS, THAT:
The Resolution of the Corporation providing for the sale
and issuance of the Bonds, substantially in the form attached
hereto as Exhibit "A ", is hereby approved.
RESOLVED this 23rd day of Decem.- , 1980.
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LARK 0��, ' .
..yor
City of Round Rock, Texas
ATTEST
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NNE LAND, Clity Secretary