HomeMy WebLinkAboutRES 89-042 RESOLUTION AUTHORIZING APPLICATION TO TEXAS WATER
DEVELOPMENT BOARD FOR FINANCIAL ASSISTANCE
THE STATE OF TEXAS §
COUNTY OF JEFFERSON §
CITY OF BEAUMONT §
WHEREAS, the City of Beaumont, Texas (the "City") is now
in the process of issuing its $20, 000, 000 City of Beaumont,
Texas, Waterworks and Sewer System Prior Lien Revenue Bonds,
Series 1989, to finance improvements and extensions to the
waterworks and sanitary sewer system of the City; and
WHEREAS, the City has determined and hereby finds that
it is unable to finance such construction without financial
assistance from the Texas Water Development Board; and
WHEREAS, the amount of such required assistance is
presently estimated to be $20, 000, 000; and
WHEREAS, the City Council of the City desires to
authorize an application to the Texas Water Development Board
for such assistance; Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BEAUMONT, TEXAS:
1. That the City hereby requests financial
assistance from the Texas Water Development
Board in the amount of $20, 000, 000, to be
evidenced by the sale of the City' s
$20, 000, 000 Waterworks and Sewer System Prior
Lien Revenue Bonds, Series 1989, to the Texas
Water Development Board.
2 . That Maurice Meyers, Mayor of the City, be,
and he hereby is, designated as the City's
official representative for execution of the
Application and for appearances before the
Texas Water Development Board.
3 . That the Mayor and members of the City Council
of the City, the City's consulting engineers,
financial advisors and attorneys 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 purpose of this Resolution.
PASSED AND APPROVED this 28th day of February, 1989.
Mayor
CITY OF BEAUMONT, TEXAS
ATTEST:
City Clerk
CITY OF BEAUMONT, TEXAS
(SEAL)