R2002-0001 01-14-02 RESOLUTION NO. R2002-1
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
$4,040,000 UNLIMITED TAX BONDS, SERIES 2002.
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$6-7, 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 ~4,040,000 Unlimited Tax Bonds,
Series 2002, 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 94,040,000 Unlimited
Tax Bonds, Series 2002, 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. R2002-1
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
A. D., 2002.
14 day of January
TOM REID
MAYOR
ATTEST:
APPROVED AS TO FORM:
DX:AJ~IN M. COKER
CITY ATTORNEY
2
Public Finance
Logg Mason Wood Walker, Incorporated
Heritage Plaza, Suite 1400, 1111 Bagby Street, Houston, TX 77002 · 2510
713.750.6330 Fax: 713.750.6360
December 28, 2001
City of Pearland
Mr. Darrin Coker, City Attorney
3519 Liberty Drive
Pearland, Texas 77581
Brazoria Municipal Utility District No. 6
Brazoria County, Texas
$4,040,000 Unlimited Tax Bonds, Series 2002
Dear Mr. Coker:
On behalf of the Board of Directors of the Brazoria County Municipal Utility District No. 6, I am
pleased to deliver a draft copy of the Official Notice of Sale and the Preliminary Official
Statement ("POS") that is substantially complete, for review and approval by the City of
Pearland. We are still in the process of updating and completing the POS. When we revise the
POS, we will provide you with a revised copy. Also enclosed is a Schedule of Events setting out
the sale date of January 28, 2002, and delivery of bond funds on March 5, 2002.
After you have had an opportunity to review the draft Official Notice of Sale and the Preliminary
Official Statement, please telephone me with any questions you may have. As you know, Peter
Harding with Schwartz, Page and Harding, L.L.P. is Bond Counsel to the District and available
to answer any legal questions.
Thank you very much for your consideration of this matter.
Sincerely,
LEGG MASON WOOD WALKER, 1NC.
Financial Advisor to the District
Associate
Enclosures
CC;
Mr. Peter Harding - Schwartz, Page and Harding, L.L.P.
Mr. Tom Wilcox - Silveflake Development
BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 6,
OF BRAZORIA COUNTY, TEXAS
$4,040,000 Unlimited Tax Bonds
Series 2002
Tentative Schedule of Events
2345678 6789101112 3456789 3456789
16 17 18 19 20 21 22 20 21 22 23 24 25 26 17 18 19 20 21 22 23 17 18 19 20 21 22 23
23 24 25 26 27 28 29 27 28 29 30 31 24 25 26 27 28 24 25 26 27 28 29 30
30 31
Financing Team
Issuer: Brazoria MUD No. 6 DIST
Financial Advisor: Legg Mason Wood Walker, Inc. LMWW
Bond Counsel: Schwartz, Page & Harding, L.L.P. SP&H
Disclosure Counsel: Coats, Rose, Yale, Ryman & Lee. P.C. CRYR&L
Paying Agent: The Bank of New York TBNY
Date Action
Responsible Party
12/13/01
12/19/01
12/ /01
12/20/01
12/21/01
01/03/02
Initial draft of Preliminary Official Statement ("POS")
distributed to the working group.
Comments received on initial draft of POS.
Bond Counsel receives copy of Commission Order
Board of Directors special meeting to approve the
POS and authorize Legg Mason to advertise Notice
of Sale for a competitive sale.
Draft of POS distributed to Board of Directors.
POS and financial statements delivered to insurance
companies and rating agencies.
Final draft of the POS distributed to working group.
Comments received on the Final draft of the POS.
LMWW
All
SP&H
DIST
SP&H
LMWW
LMV~V
LMW3V
LMWW
All
Date Action Responsible Party
01/14/02
01/17/02
01/28/02
02/06/02
02/26/02
03~5~2
City of Pearland City Council meets to approve the
issuance of the Bonds.
Advertise Notice of Sale in the Houston Chronicle and The
Texas Bond Reporter.
Print and mail POS to potential purchasers of the Bonds.
Board of Directors meeting to accept bids for the
Bonds, award the sale of the Bonds and adopt the
Bond Order.
Official Statement delivered to the Initial Purchaser.
Attorney General approves issuance of the Bonds,
Underwriter notified of closing date, and closing
instructions distributed.
LMWW
ALL
LMWW
SP&H
LMWW
Closing. Bonds delivered to the Initial Purchaser ALL
and funds delivered to the District.