R96-53 11-11-96RESOLUTION NO. R96-53
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, APPROVING THE RESOLUTION OF BRAZORIA COUNTY
MUNICIPAL UTILITY DISTRICT NO. 3 AUTHORIZING THE ISSUANCE OF
$4,665,000 WATER WORKS AND SEWER SYSTEM COMBINATION
UNLIMITED TAX AND REVENUE BONDS, SERIES 1996.
WHEREAS, the Brazoria County Municipal Utility District No. 3 (the "District")
is located within the extraterritorial jurisdiction of the City of Pearland, Texas (the
"City"); and
WHEREAS, by Resolution No. R80-5, dated January 28, 1980, 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 $4,665,000 Water Works and
Sewer System Combination Unlimited Tax and Revenue Bonds, Series 1996 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 resolution of the board of directors of Brazoria County Municipal
Utility District No. 3, attached hereto and made a part hereof as Exhibit A, authorizing
the issuance of its $4,665,000 Water Works and Sewer System Combination
Unlimited Tax and Revenue Bonds, Series 1996, is hereby approved.
RESOLUTION NO. R96-53
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.
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
, A.D., 1996.
this the //Z~ day of
TOM REID
MAYOR
ATTEST:
APPRO/~ AS TO FORM:
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