RES 1441 11/08/2011 Cibolo Resolution Number 1441
RESOLUTION APPROVING A BOND RESOLUTION TO BE ADOPTED BY
THE BOARD OF TRUSTEES OF THE CANYON REGIONAL WATER
AUTHORITY AUTHORIZING THE ISSUANCE OF OBLIGATIONS
DESIGNATED AS "CANYON REGIONAL WATER AUTHORITY TAX-
EXEMPT CONTRACT REVENUE BONDS (WELLS RANCH PROJECT),
SERIES 2011"; APPROVING AMENDMENT NO. 2 TO THE WATER
SUPPLY CONTRACT BETWEEN THE CITY OF CIBOLO, TEXAS, BEXAR
METROPOLITAN WATER DISTRICT, GREEN VALLEY SPECIAL UTILITY
DISTRICT, EAST CENTRAL SPECIAL UTILITY DISTRICT, THE CITY OF
MARION, TEXAS, CRYSTAL CLEAR WATER SUPPLY CORPORATION,
SPRINGS HILL WATER SUPPLY CORPORATION AND THE CANYON
REGIONAL WATER AUTHORITY; AUTHORIZING THE MAYOR OR THE
INTERIM CITY MANAGER OF THE CITY OF CIBOLO, TEXAS TO
EXECUTE ON BEHALF OF THE CITY OF CIBOLO, 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 CIBOLO, TEXAS THAT:
The City Council of the City of Cibolo, Texas has reviewed and hereby approves (i) the
"Bond Resolution", including the factual findings contained therein, to be adopted by the Board
of Trustees of the Canyon Regional Water Authority relating to the issuance of obligations
designated as "Canyon Regional Water Authority Tax-Exempt Contract Revenue Bonds (Wells
Ranch Project), Series 2011" (the "Bonds") to be adopted within 180 days from the approval
date hereof, (ii) Amendment No. 2 to the Water Supply Contract (the "Amendment"), including
the factual findings contained therein, to be executed between the City of Cibolo, Texas, the
Bexar Metropolitan Water District, Green Valley Special Utility District, East Central Special
Utility District, the City of Marion, Texas, Crystal Clear Water Supply Corporation, Springs Hill
Water Supply Corporation and the Canyon Regional Water Authority which provides certain
security for the payment of the Bonds (the Amendment No. 2 amends the terms of the Water
Supply Contract, dated as of May 1, 2007 (as previously amended on June 8, 2009) and entered
into among the parties named therein (the "Contract")), and (iii) the Sale and Offering
Documents (as defined in the Contract). The Mayor (including the Mayor Pro Tem) or the
Interim City Manager of the City of Cibolo, Texas is hereby authorized to execute on behalf of
the City any and all documents in connection with this transaction, including the Approval
Certificate (as defined in the Bond Resolution). This resolution may be relied upon by the
appropriate representatives to this transaction including the Texas Attorney General in their
review and approval of this transaction.
ATTEST:
AAA Ad IJA J
City Secretary4;'`v 7%
or
APPROVED THIS THE 8T" DAY OF NOVEMBER, 2011.
90587106.1