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Home My WebLink About026805 RES - 05/30/2006( i ll'1( \ l E FOR RESOLUTION FHE STA FE OF TEXAS COUNTIES OF NUECES AND SAN PATRICIO CITY OF CORPUS CHRISTI the undersigned City Secretary of the City of Corpus Christi, Texas (the "City "), hereby ertifv a t011ov s fhe City Council of the City convened in REGULAR MEETING ON THE 30TH DAY OF MAY. 2006, at the City Hall, and the roll was called of the duly constituted officers and members .)f the (itv Council. to -wit Henri, Garrett Brent Chesney. Melody Cooper Jerr\ Garet, Bill Kell., Rex Kinnison, John Marel_ Jesse Novoia, Mark Scott George K Noe, Mar\ Kay 1 ischer Cindy O`Br_en. Armando Chapa. Mayor Counc.ilmembers City Manager. City Attorney_ Director of Financial Services, City Secretary and all of said persons were present, except the following absentees:Mei hus constituting a quorum Whereupon, among other business, the following was transacted at said Meeting: a written RESOLUTION APPROVING THE RESOLUTION :AUTHORIZING THE_ ISSUANCE OF BONDS BY THE NORTH PADRE. !SI AND DEVELOPMENT CORPORATION was duly introduces for tie consideration of the City Council and read in full. It was then duly moved and seconded that said Resolution he passed, and, after due discussion, said motion carrying with it the passage of said Resolution, prevailed and carried by the following vote: rl YES N( )ES ABSTAIN GaFiettand Kelly 1-hat a true, fun and correct copy of the aforesaid Resolution passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been duly recorded in the City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the City Council's minutes of said Meeting pertaining to the passage of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen qualified and acting officers and members of the City Council as .ndicated therein_ that each of the officers and members oft he City Council was duly and sufficiently lotified anc: per solall■ m ,tch tncc of the time. place and purpose of the aforesaid Meeting, ind Thai said Resolu`,or, be rrunoduced and considered for passage at said Meeting, and each said officers and member s consented in advance_ to the holding of said Meeting for such purpose, and that said Meeting was open to the public and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551 Texas Government Code. SIGNED AND SE \LED the 30th day of Ma` 2006 (' tv Secretarvv SEAL RESOLUTION APPROVING THE RESOLUTION NORTH PADRE ISLAND DEVELOPMENT CORPORATION At TIIORIZING THE ISSUANCE OF SERIES 2006 BONDS N AN AGGREG.A FE PRINCIPAL AMOI AT NOT TO EXCEED $2.9 MILLION HERE AS. North Padre Island Development Corporation (the "Corporation ") was created under the auspices of the City of Corpus Christi_ Texas (the "City "), and HERE AS the Corporation uas created in part for the purpose of assisting the Reinvestment Zane Ni,mhcr i vvo City ct Corpus Christi Texas the "Zone ") in implementing the ProjeL t and Financing. Pla'i" v it h rrvspect to the economic development of property within the Zone; and WHEREAS. the Corporation b) resolution adopted May 30, 2006 authorized the issuance of the hereinafter described bonds for the purposes described in said resolution; and WHEREAS it is (teemed necessary and advisable that this Resolution be adopted. [IIERIIORE BI ITRE:SOI.,, l [)BYTHE:C1T1 'COUNCILOFTHECITYOFCORPUS CHRIS II hHAT Section 1 *I he resolution (the "Resolution ") adopted by the Corporation, in substantially the form and substance as attached to this Resolution and made a part hereof for all purposes, is hereby approved and tax increment contract revenue bonds in a principal amount not to exceed $2,900,000 the "Bonds") ma) he issued for the purpose of providing all or a portion of the cost of the project as specified in the Resolu- ion (the "Project "). and said Resolution, Bonds and Project are hereby appro \:d Section -this Resolution shall he effective immediately from and after its passage. Corpus Christi, Texas 3 day of iLf' -i The above resolution Henry Garrett. Brent Chesney Melody Cooper Jerry Garcia William Kelly Rex A. Kinnison John E. Marez Jesse Noyola Mark Scott 2006 was passed by the following vote: