R2005-0170 11-14-05
RESOLUTION NO. R2005-170
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, APPROVING A BOND ORDER OF BRAZORIA COUNTY
MUNICIPAL UTILITY DISTRICT NO.6 AUTHORIZING THE ISSUANCE OF
$2,400,000 UNLIMITED TAX BONDS, SERIES 2005.
WHEREAS, the Brazoria County Municipal Utility District No.6 (the "District") is
located within the extraterritorial jurisdiction of the City of Pearland, Texas
(the "City"); and
WHEREAS, by Resolution No. R 86-7, dated February 10, 1986, the City
consented to the creation of the District, and placed certain conditions on the issuance
of bonds by the District, including the approval by the City Council of the District's
resolution authorizing the issuance of such bonds; and
WHEREAS, the City Council has considered such a bond resolution in
connection with the issuance of the District's proposed $2,400,000 Unlimited Tax
Bonds, Series 2005, and has found it to be acceptable; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. All of the matters and facts set forth in the preamble hereof are
true and correct.
Section 2. The bond order of the board of directors of Brazoria County
Municipal Utility District No.6, authorizing the issuance of its $2,400,000 Unlimited
Tax Bonds, Series 2005, is hereby approved.
Section 3. The Mayor of the City of Pearland is hereby authorized to execute
such letters or other documents required to be provided to the Attorney General of
Texas in connection with the issuance of such bonds by the District.
RESOLUTION NO. R2005-170
Section 4. This Resolution shall take effect immediately from and after its
passage in accordance with the provisions of the Charter of the City of Pearland and it
is accordingly so resolved.
PASSED, APPROVED and ADOPTED this the 14th day of November
A. D., 2005.
" ~mt
TOM REID
MA YOR
RuJ
ATTEST:
APPROVED AS TO FORM:
~a-'-~.~
D RRIN M. COKER
CITY ATTORNEY
2
ARTICLE THREE
AUTHORIZATION, DESCRIPTION AND EXECUTION OF BONDS
SECTION 3.01: AMOUNT, NAME, PURPOSE AND AUTHORIZATION. The
Bonds of the District, to be known and designated as "Brazoria
County Municipal Utility District No.6, of Brazoria County, Texas
Unlimited Tax Bonds, Series 2005," shall be issued in the aggregate
principal amount of Two Million Four Hundred Thousand Dollars
($2,400,000) for the purpose or purposes of purchasing,
constructing, acquiring, owning, operating, repairing, improving or
extending a waterworks system, a sanitary sewer system, and a
drainage and storm sewer system for the District, including but not
limi ted to, all additions to such systems and all land,
improvements, facilities, plants, equipment, appliances, interests
in property and contract rights needed therefor, and administrative
facilities needed in connection therewith, all under and in strict
conformity with the Constitution and laws of the State of Texas,
including, particularly, Section 59 of Article XVI of the
Constitution of Texas and the Water Code.
SECTION 3.02: FORM, INITIAL DATE, NUMBERS AND DENOMINATIONS.
The Initial Bonds shall be issued and delivered in fully registered
form, without interest coupons, and shall be dated as of the
Ini tial Date. Thereafter, each Bond registered and delivered by
the Registrar hereunder shall be similarly dated as of the Initial
Date, but shall include thereon the date of its authentication by
the Registrar. Each Initial Bond submitted for approval,
registration and deli very in accordance with Section 3.07 hereof
shall be numbered "IR-", followed by the last two digits of the
year in which such Initial Bond is scheduled to mature. Each Bond
registered and delivered by the Registrar thereafter shall be
numbered consecutively, in succession, beginning with the numeral
"1", which shall be preceded by the prefix "R-", and shall be in
denominations of $5,000, or any integral multiple thereof.
IF NO TERM BONDS:
SECTION 3.03: INTEREST RATES AND MATURITY DATES. The Bonds
shall be serial Bonds, shall bear interest from the later of the
Initial Date, or the most recent Interest Payment Date to which
interest has been paid or duly provided for, at the rate or rates
set forth in the following schedule, and shall mature and become
payable, subject to prior redemption in accordance with the
provisions of Article IV hereof, on September 1 in each of the
years and in the principal amounts set forth in the schedule below:
Principal
Amount
Year of
Maturity
Interest
Rate
$ 80,000
2006
!<-
o
3-1
$ 80,000
$ 85,000
$ 90,000
$ 90,000
$ 95,000
$105,000
$110,000
$115,000
$120,000
$125,000
$135,000
$140,000
$150,000
$160,000
$165,000
$175,000
$185,000
$195,000
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
FOR TERM BONDS:
SECTION 3.03:
INTEREST RATES AND MATURITY DATES.
(i) Bonds in the aggregate principal amount of $ shall
be issued as Serial Bonds, shall bear interest from the later
of the Initial Date, or the most recent Interest Payment Date
to which interest has been paid or duly provided for, at the
rate or rates set forth in the following schedule, and shall
mature and become payable, subject to prior redemption in
accordance with the provisions of Article Four hereof, on
September 1 in each of the years and in the principal amounts
set forth in the schedule below:
Principal
Amount
Year of
Maturity
Interest
Rate
$
$
$
$
$
$
S!-
o
9-
o
S!-
o
9-
o
%
o
15
(ii) Bonds in the aggregate principal amount of $ shall
be issued as Term Bonds, shall bear interest at the per annum
rates set forth in the following schedule from the later of
the Initial Date or the most recent Interest Payment Date to
which interest has been paid or duly provided for, and shall
mature and become payable, subject to mandatory and optional
redemption in accordance with the provisions of Article Four
3-2
MapOptix 4.2 Interface
Page 1 of 1
Tools .~I~IQ Q ~ .~ ~
Layers .
[f1 Show All El Hide All
-....
1+1 k:5 Road Layers
~..--:..
ffi k:5 Tax Parcels
~
EB B Boundary Layers
III 6 Planning Layers
El 6 MUD Layer
ff1 17 MUD
[8 r MUD Labels
-.....
CB B Parks Layer
.--Ql
CB 0 Ordinance Layers
'""
III 6 Imagery Layers
o
tJ..~. CD
Help
Query
Buffer
Markup
http://gisweb.ci.pearland.tx.us/public/planning.cfm?action=mox42_iCpopup&screenH. .. 11/8/2005