RES 1383 05/12/2009 CITY OF CIBOLO
RESOLUTION NO.L-a3
A RESOLUTION OF THE CITY OF CIBOLO, GUADALUPE COUNTY,
TEXAS, APPROVING A BOND RESOLUTION TO BE ADOPTED BY
THE BOARD OF TRUSTEES OF THE CANYON REGIONAL WATER
AUTHORITY AUTHORIZING THE ISSUANCE OF OBLIGATIONS
DESIGNTED AS "CANYON REGIONAL WATER AUTHORITY TAX-
EXEMPT CONTRACT REVENUE BONDS (WELLS RANCH PROJECT),
SERIES 2009"; APPROVING AMENDMENT NO. 1 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; AUTHORING 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 2009"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 Regional Water
Authority which provides certain security for the payment of these obligations, and (iii) the Sale
and Offerings 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.
APPROVED AND ADOPTED by a vote of 6 for to e against this 12th day of May,2009.
APPROVED:
or Jennifer Hartman
ATTEST:
Peggy Cimics, City Secretary
Now
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