2010R29 - Bond ResolutionRESOLUTION ~ ~--~-a~
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 BONDS, SERIES 2010";
ACKNOWLEDGING THAT THESE OBLIGATIONS WERE SOLD TO
COASTAL SECURITIES, INC., HOUSTON, TEXAS, 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 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 Bonds, Series 2010" (the
"Bonds"), (ii) the Bonds that were sold to the Coastal Securities, Inc., Houston, Texas, 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), and (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
., r.
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.
90072156.1
APPROVED THIS THE 15TH DAY OF JUNE, 2010.
ATTEST:
City ecretaxy
~~
90072156. ] -2-