R-90-1474 - 6/26/1990RESOLUTION
WHEREAS, the City Council of the City of Round Rock, Texas desires to
receive bids for the purchase of its $1,595,000 Certificates of Obligation, Series
1990; and
WHEREAS, First Southwest Company, Dallas, Texas, has been authorized
and requested to prepare a Notice of Sale and Bidding Instructions, Official Bid
Form and Official Statement Contalning financial, economic and other data
necessary and desirable to attract bids for said bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ROUND ROCK, TEXAS
That the attached Notice of Sale and Bidding Instructions, Official Bid
Form and Official Statement relative to $1,393,000 Certificates of Obligation,
Series 1990, are hereby approved, both as to form and content, and said First
Southwest Company is authorized to distribute said Notice of Sale and Bidding
Instructions, Official Bid Form and Official Statement to prospective bidders for,
and purchasers of, the bonds.
PASSED AND APPROVED this the 28th day of June, 1990 by the City
Council of Round Rock, Texas convened in regular session with a lawful quorum
present.
ATTEST:
City Secretary
Mayor
DATE: June 26, 1990
SUBJECT: City Council Meeting, June 28, 1990
ITEM: 8C. Consider a resolution approving the Notice of Sale and
bid form for the sale of Certificates of Obligation,
Series 1990.
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION: Approve the documents.
Due to the timing sequences at which events must occur the documents
will not be available until the meeting date. A discussion of the
documents will be provided at that time.
ECONOMIC IMPACT: r
The Certificates of Obligation, Series 1990 are intended for the
further purpose of acquiring the City Hall building and parking
garage.
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RESOLUTIO No.
APPROVING THE NOY.L. 'OF SALE AND B J FORM FOR HE S OF CERTIFICATES
OF OBLIGATION, SERIES 1990 AND D FERRING ACTION NTIL THE REGULAR
COUNCIL MEETING TO BE HELD AT 7:00 p.m. JULY 12th I O.
WHEREAS, the City Council of the City of Round Rock, Texas desires
to receive bids for the purchase of its $1,595,000 Certificates of
Obligation, Series 1990; and
WHEREAS, First Southwest Company, Dallas, Texas, has been authori-
zed and requested to prepare a Notice of Sale and Bidding Instructions,
Official Bid Form and Official Statement containing financial, economic
and other data necessary and desirable to attract bids for said bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ROUND ROCK, TEXAS:
That the City Council defer action on the issuance of the Certi-
ficates of Obligation, Series 1990, until the regular meeting of the
Council to be held at 7:00 p.m. on July 12, 1990, at City Hall. The
City has previously caused a notice of intention to adopt an ordinance
on June 28, 1990 in order to issue said Certificates of Obligation to
be published. This action is made necessary due to delays in the
negotiations concerning the facilities to be acquired with proceeds of
said Certificates, which are beyond the control of the City.
That the attached Notice of Sale and Bidding Instructions, Official
Bid Form and Official Statement relative to $1,595,000 Certificates of
Obligation, Series 1990, are hereby approved, both as to form and
content, and said First Southwest Company is authorized to distribute
said Notice of Sale and Bidding Instructions, Official Bid Form and
Official Statement to prospective bidders for, and purchasers of, the
bonds.
PASSED AND APPROVED this the 28th day of June, 1990 by the City
Council of Round Rock, Texas convened in regular session with a lawful
quorum present.
ATTEST:
AND BE IT FURTHER RESOLVED:
City Secretary
Mayor