R2001-0030 02-26-01 RESOLUTION NO. R2001-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, APPROVING A BOND ORDER OF BRAZORIA COUNTY
MUNICIPAL UTILITY DISTRICT NO. I AUTHORIZING THE ISSUANCE OF
94,540,000 UNLIMITED TAX AND REVENUE AND REFUNDING BONDS,
SERIES 2001.
WHEREAS, the Brazoria County Municipal Utility District No. 1 (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 25, 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 $4,540,000 Unlimited Tax and Revenue
and Refunding Bonds, Series 2001, 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. 1, attached hereto and made a part hereof as Exhibit "A",
authorizing the issuance of its $4,540,000 Unlimited Tax and Revenue and Refunding
Bonds, Series 2001, is hereby approved.
RESOLUTION NO. R2001-30
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 this the 26 day of February , A. D.,
2001.
TOM REID
MAYOR
ATTEST: ~//~
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
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