RES 1352 06/12/2007 City of Cibolo
"Resolution nTo. 1352
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 2007; APPROVING A 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 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 2007' to
be adopted within 180 days from the approval date hereof, (ii) the Water Supply Contract, 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 Region? Water Authority which provides certain security for the payment of
these obligations, and (iii) the Sale and Offering Documents (as defined in the Contract). The Mayor
(including the Mayor Pro Tem) or the 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:
cU-1 tA,
City Secretary 4YO
r
APPROVED THIS THE 12th DAY OF June,2007.
45895302.1