HomeMy WebLinkAboutCity Council Resolutions (Resolution R-20-4546)-11/02/2020RESOLUTION R-20-4546
A RESOLUTION AUTHORIZING THE CALL OF
COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BONDS
WHEREAS, on September 3, 1996, by Resolution R-96-1238, the
Colleyville City Council authorized the creation of the
Colleyville Economic Development Corporation; and
WHEREAS, the City of Colleyville issued debt through the Colleyville
Economic Development Corporation in 1997, and 2000;
refunded and issued new debt in 2005; and refunded in 2013;
and
WHEREAS, the City of Co�leyville, through the Colleyville Economic
Development Corporation wishes to call the bonds in
December 2020.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the Colleyville City Council authorizes the City Manager
to call the CEDC bonds, principal of $4,775,000, not later than
the 315t day of December 2020.
Sec. 2. THAT this resolution shall be effective immediately upon
approval.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS ON THIS THE 2ND DAY OF
NOVEMBER 2020.
Mayor Richard Newton Aye
Place 1, Tammy Nakamura Aye
Place 4, George Dodson Aye
Place 6, Callie Rigney Aye
ATTEST:
l �j�J Gi !° " �z_✓
C�
Christine Loven, TRMC
City Secretary
Mayor Pro Tem Bobby Lindamood Aye
Place 3, Kathy Wheat Aye
Place 5, Chuck Kelley Aye
CITY OF COLLEYVILLE
(/!�l ��--
Richard Newton
Mayor