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<br />. <br /> <br />e <br />~ 1)0 .' ~(X)4- ,q <br /> <br />RESOLUTION AUTHORIZING SALE OF APPROXIMATELY $7,000,000 <br />CERTIFICATES OF OBLIGATION <br /> <br />WHEREAS, the City Council of La Porte, Texas (the "City Council") has detelmined that it is in <br />the best interest of La Porte, Texas (the "City") to issue its Certificates of Obligation in the principal <br />amount of approximately $7,000,000 ,(the "Certificates") for purposes described in the below described <br />documents as soon as possible; <br /> <br />WHEREAS, the City Manager, the City's Financial Advisor, and the City's Bond Counsel are <br />prepared to distribute necessary documents for such sale on a competitive bid basis; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LA PORTE. TEXAS <br />THAT: <br /> <br />1. The Official Notice of Sale, including the Official Bid Form, and the Preliminary Official <br />Statement substantially in the forms attached hereto are hereby approved, and the City Manager and the <br />Financial Advisor are authorized to distribute same among entities which would be interested in bidding <br />on the Certificates and other interested persons. <br /> <br />2. The City Manager and the Financial Advisor are authorized to apply to rating agencies for a <br />rating on the Certificates and to bond insurance companies for possible insurance of the payment of the <br />Certificates and to make presentations to them and provide to such entities the information reasonably <br />requested by them. , <br /> <br />3. The City Council hereby deems the Preliminary Official Statement to be final in compliance <br />with Rule 15c2-12 of the Securities and Exchange Commission. . <br /> <br />4. The City Council hereby authorizes its advisors, the City Manager, and its members to do all <br />things necessary to sell the Certificates On October 25,2004. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />San_Antonio _1\12501\1 <br />.,ooc '" n"''''''tnnA <br />