RES 1178 03/09/1999 RESOLUTION 1*//'78
APPROVING A BOND RESOLUTION AND A TRUST INDENTURE TO BE
ADOPTED BY THE BOARD OF DIRECTORS OF THE CANYON REGIONAL
WATER AUTHORITY AUTHORIZING THE ISSUANCE OF OBLIGATIONS
DESIGNATED AS "CANYON REGIONAL WATER AUTHORITY TAX-
EXEMPT CONTRACT REVENUE AND REFUNDINGBONDS(LAKE DUNLAP
PROJECT)SERIES 1999";ACKNOWLEDGING THAT THESE OBLIGATIONS
WILL BE SOLD TO THE TEXAS WATER DEVELOPMENT BOARD;
RATIFYING,RECONFIRMING,AND READOPTING THE PROVISIONS OF A
REGIONAL TAX-EXEMPT WATER SUPPLY CONTRACT PREVIOUSLY
APPROVED AND EXECUTED BETWEEN THE CITY OF CIBOLO, TEXAS
AND THE CANYON REGIONAL WATER AUTHORITY;AUTHORIZING THE
MAYOR 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 hereby approves (i)the Bond Resolution and
Trust Indenture to be adopted by the Board of Directors of the Canyon Regional Water Authority
relating to the issuance of obligations designated as"Canyon Regional Water Authority Tax-Exempt
Contract Revenue and Refunding Bonds (Lake Dunlap Project) Series 1999", (ii)the Project to be
financed and refinanced with the proceeds of these obligations to be sold to the Texas Water
Development Board, and (iii) the Tax-Exempt Water Supply Contract previously approved and
executed between the City of Cibolo, Texas and the Canyon Regional Water Authority which
provides certain security for the payment of these obligations. The Mayor 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. This resolution may be relied upon by the appropriate representatives of the Texas
Water Development Board and the Texas Attorney General in their review and approval of this
transaction.
ATTEST:
Mayor
APPROVED THIS THE yiTdDAY OF MARCH, 1999.
550642.1
CERTIFICATE FOR RESOLUTION
The undersigned Mayor of the City of Cibolo, Texas(the"Issuer") hereby certifies as follows:
1. In accordance with the law of the Issuer, the City Council of the Issuer (the "Council") held a
meeting on March 9, 1999 (the "Meeting") of it's duly constituted members, at which a quorum
was present. Whereupon among other business transacted at the Meeting, a written resolution
was presented.
APPROVING A BOND RESOLUTION AND A TRUST INDENTURE TO BE ADOPTED BY
THE BOARD OF DIRECTORS OF THE CANYON REGIONAL WATER AUTHORITY
AUTHORIZING THE ISSUANCE OF OBLIGATIONS DESIGNATED AS "CANYON
REGIONAL WATER AUTHORITY TAX-EXEMPT CONTRACT REVENUE AND
REFUNDING BONDS (LAKE DUNLAP PROJECT) SERIES 1999", ACKNOWLEDGING
THAT THESE OBLIGATIONS WILL BE SOLD TO THE TEXAS WATER DEVELOPMENT
BOARD, RATIFYING, RECONFIRMING, AND READOPTING THE PROVISIONS OF A
REGIONAL TAX-EXEMPT WATER SUPPLY CONTRACT PREVIOUSLY APPROVED
AND EXECUTED BETWEEN THE CITY OF CIBOLO, TEXAS AND THE CANYON
REGIONAL WATER AUTHORITY, AUTHORIZING THE MAYOR 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.
(the "Resolution") was duly introduced for the consideration of the Council and discussed. It
was then duly moved and seconded that the Resolution be adopted; and, after due discussion,
said motion, carrying with it the adoption of the Resolution, prevailed and carried by a majority
vote of the Council.
2. A true, full, and correct copy of the Resolution adopted at the Meeting is attached to and
follows this Certificate; the Resolution has been duly recorded in the Council's minutes of the
Meeting; each members of the Council was duly and sufficiently notified of the time, place, and
purpose of the Meeting, and the Meeting was held and conducted in accordance with the Law .
SIGNED March 9, 1999.
4arnEaund-er, Mayor