HomeMy WebLinkAboutRes 2008-09-07 Requesting GTUA Refunding Bonds.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 200&4W
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS,
REQUESTING GREATER TEXOMA UTILITY AUTHORITY TO TAKE ACTION
TO PROVIDE FOR REFINANCING AND DISCHARGE OF CERTAIN CONTRACT
REVENUE BONDS
WHEREAS, the City of Anna, Texas (the "City") and Greater Texoma Utility Authority ("GTUA")
entered into that certain Amended and Restated Contract for Water Supply and Sewer Service, dated as of
April 17, 2006 (the "Contract");
WHEREAS, pursuant to the Contract GTUA agreed to issue bonds ("GTUA Bonds") secured by
payments from the City under the Contract to provide an additional supply of water and certain water supply
facilities and to provide certain sanitary sewer collection and treatment facilities (the "Projects") for use by the
city;
WHEREAS, this City Council hereby fords and determines that it is necessary and in the best interest
of the City to provide for the discharge of certain of the GTUA Bonds and thereby restructure the City's
payments for the costs of the Projects;
WHEREAS, the City intends to issue refunding bonds in order to provide funds forthe discharge and
final payment of such GTUA Bonds; and
WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution
was considered was open to the public, and public notice of the time, place and purpose of said meeting was
given, all as required by Chapter 551, Texas Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, TEXAS:
Section 1. The recitals set forth in the preamble hereof are incorporated herein and shall have the
same force and effect as if set forth in this Section.
Secthm2. The City hereby requests GTUA to take all necessaryaction to provideforthepaymemand
discharge of the GTUA Bonds described in Exhibit A Attached hereto, including calling such GTUA Bonds
for redemption and providing fm the giving of notice of redemption, upon provision being made by the City
for the deposit and payment of all amounts necessary for such payment and discharge.
Section 3. The officers and employees of the City are hereby authorized and directed to take such
actions and to execute and deliver such documents as necessary or appropriate to consummate the transaction
authorized by this resolution, including such notices as may be necessary to be provided to GTUA and to
provide such information and notices necessary for GTUA to take the actions for the discharge and redemption
of the GTUA Bonds.
Section 4. This Resolution shall be effective immediately upon adoption.
PASSED, APPROVED AND EFFECTIVE September 23, 2008.
ay Pro Tem, Kevin Anderson
v
Ciy Secretary, Natha Wilkicon g
', ,,. ••� [CITY SEAL]
GTUA Bonds to be Refinanced
(information provided by First Southwest Company)