2006R33-Issuance of Bonds-SSLGC
RESOLUTION NO. 06-R-33
RESOLUTION
APPROVING A BOND RESOLUTION ADOPTED BY THE BOARD OF
DIRECTORS OF THE SCHERTZ/SEGUIN LOCAL GOVERNMENT
CORPORATION AUTHORIZING THE ISSUANCE OF OBLIGATIONS
DESIGNATED AS "SCHERTZ/SEGUIN LOCAL GOVERNMENT
CORPORATION CONTRACT REVENUE AND REFUNDING BONDS,
SERIES 2007"; ACKNOWLEDGING THAT THESE OBLIGA TIONS
WERE SOLD TO THE FIRST SOUTHWEST COMPANY, AS THE
AUTHORIZED REPRESENTATIVE OF A GROUP OF UNDERWRITERS
PURSUANT TO THE PROVISIONS OF A PURCHASE CONTRACT;
RATIFYING, RECONFIRMING, AND READOPTING THE PROVISIONS
OF A REGIONAL WATER SUPPLY CONTRACT EXECUTED BETWEEN
THE CITY OF SCHERTZ, TEXAS, THE CITY OF SEGUIN, TEXAS, AND
THE SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION;
AUTHORIZING THE MAYOR, CITY SECRETARY, AND THE CITY
MANAGER OF THE CITY OF SCHERTZ, TEXAS TO EXECUTE ON
BEHALF OF THE CITY OF SCHERTZ, TEXAS ALL DOCUMENTS IN
CONNECTION WITH THIS TRANSACTION; AND OTHER MATTERS
IN CONNECTION THEREWITH
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS THAT:
The City Council of the City of Schertz, Texas (the "City") has reviewed and hereby approves
(i) the Bond Resolution as to form and content, including the factual findings contained therein and all
documents referenced therein, adopted by the Board of Directors of the Schertz/Seguin Local
Government Corporation relating to the issuance of obligations designated as "Schertz/Seguin Local
Government Corporation Contract Revenue and Refunding Bonds, Series 2007" (the "Bonds"), (ii)
the Bonds that were sold to the First Southwest Company, as the authorized representative of a group
of underwriters (the "Underwriters"), (iii) the Regional Water Supply Contract, including the factual
findings contained therein, previously approved and executed among the City of Schertz, Texas, the
City of Seguin, Texas (collectively, the "Cities"), and the Schertz/Seguin Local Government
Corporation (the "Contract") which provides certain security for the payment of these obligations, (iv)
the bond purchase contract. (the "Purchase Contract") authorizing the sale of the Bonds to the
Underwriters, (v) the Sale and Offering Documents (as defined in the Contract), including, but not
limited to, the City's annual continuing disclosure requirements in accordance with the Rule (as
defined in the Contract), (vi) the City's obligations under the Contract and acknowledges that the
payment of principal of and interest on such Bonds is payable, in whole or in part, from the Annual
Payments to be made by the Cities to the Corporation under and pursuant to the Contract, and (vii) the
refunding of the Refunded Obligations and acknowledges that this refunding will provide present
value savings to the Corporation. The Mayor, City Secretary, and the City Manager of the City of
Schertz, Texas are hereby authorized to execute on behalf of the City, the Purchase Contract, and any
and all documents in connection with this transaction. This resolution may be relied upon by the
appropriate representatives of the parties to this transaction and the Texas Attorney General in his
review and approval of this transaction.
45839409.1
APPROVED THIS THE 28TH DAY OF NOVEMBER, 2006.
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Mayor
ATTEST:
45839409.1
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