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RESO 2012-08 - TRA Water PlantRESOLUTION NO. 2012-08 RESOLUTION IN SUPPORT OF TRINITY RIVER AUTHORITY (TRA) OF TEXAS PROCEEDING WITH REGIONAL WATER SYSTEM PROJECT. WHEREAS on November 8, 2011, the voters of the City approved a proposition authorizing the City Council of the City to adopt a resolution approving the issuance of bonds by the Trinity River Authority of Texas ( "TRA ") for water treatment plant improvements; and WHEREAS the City Council deems it to be appropriate and in the best interests of the City to formally notify TRA that it authorizes TRA to proceed with said improvements and of its intent to adopt a resolution approving of the issuance of TRA bonds for water treatment plant improvements upon the satisfaction of the requirements precedent thereto. NOW, THEREFORE, be it resolved by the City Council of the City of Huntsville, Texas, that: That, for the benefit of TRA, the City Council hereby expresses its intent to adopt an appropriate resolution approving of the issuance of bonds by TRA for the purpose of financing water treatment plant improvements upon submission by TRA of an appropriate draft of a TRA resolution proposed to be adopted by the Board of Directors of TRA and the satisfaction of all conditions precedent thereto. PASSED AND APPROVED this 6th day of December 2011. ATTEST: Lee; . odward City Secretary APPR ^VED AS TO FORM: • and Schneider, City Attorney THE CITY OF HUNTSVILLE 4/Pz— cr /.r/ Mac Woo ward, Mayor