HomeMy WebLinkAboutRES 85-086 RESOLUTION AUTHORIZING APPLICATION FOR FINANCIAL
ASSISTANCE FROM TEXAS WATER DEVELOPMENT BOARD
WHEREAS, the City of Beaumont, Texas ( the "City" ) has
determined and hereby finds that it is unable to finance its
proposed waterworks and sewer system improvements without
assistance from the Texas Water Development Board; and
WHEREAS, the amount of such required assistance is
presently estimated to be $7.4 million; and
WHEREAS, the City Council desires to authorize an
application to the Texas Water Development Board for such
assistance; Now, Therefore
BE IT RESOLVED BY THE CITY OF BEAUMONT:
1 . That the City hereby requests financial assistance
from the Texas Water Development Board in the amount of $7 .4
million, to be evidenced by the sale of the City' s Certificates of
Obligation to said Board.
2 . That Karl Nollenberger, City Manager, be, and he
hereby is, designated as the City' s official representative for
execution of the Application and for appearances before said
Board.
3 . That the Mayor and City Clerk , the City Manager, the
City Attorney, and the City' s engineers, financial advisors and
bond counsel be, and they hereby are, authorized and directed to
submit an application to the Texas Water Development Board for
financial assistance and to do any and all things necessary and/or
desirable to carry out the purposes of this resolution.
PASSED AND APPROVED this /= day of March, 1985.
i
Mayor
City of Beaumont, Texas
ATTEST:
Cit Clerk
Cit of Beaumont, Tex
(SEAL)