RESOLUTION - DETERMINING CERTAIN DETAILS OF NOT TO EXCEED $60,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS WATER AND WASTEWATER IMPROVEMENT REVENUE BONDS, SERIES 2025; PROVIDING FOR THE SECURITY OF SAID BONDS; AUTHORIZING THE NEGOTIATED SALE OF THE BONDS TO THE UNDERWRITER NAMED HEREIN AND WAIVING COMPETITIVE BIDDING; APPROVING THE FORM AND EXECUTION OF A BOND PURCHASE CONTRACT; DELEGATING CERTAIN AUTHORITY TO THE CITY MANAGER FOR THE APPROVAL OF THE TERMS AND DETAILS OF SAID BONDS; APPOINTING A PAYING AGENT AND REGISTRAR FOR SAID BONDS; AUTHORIZING AND APPROVING THE FORM OF A BOND PAYING AGENT AND REGISTRAR AGREEMENT; AUTHORIZING AND APPROVING THE FORM AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION AND DELIVERY OF A FINAL OFFICIAL STATEMENT; AUTHORIZING THAT SAID BONDS MAY BE INSURED BY A MUNICIPAL BOND INSURANCE POLICY AND THAT THE RESERVE REQUIREMENT THEREFOR MAY BE SATISFIED THROUGH THE PROVISION OF DEBT SERVICE RESERVE SURETY POLICY; APPOINTING A DISCLOSURE DISSEMINATION AGENT; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT; AUTHORIZING A BOOK-ENTRY REGISTRATION SYSTEM FOR THE BONDS PROVIDING FOR THE APPLICATION AND INVESTMENT OF CERTAIN FUNDS; AUTHORIZING PROPER OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF SAID BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE

Committee

Regular City Commission Meeting

Requested by

City Attorney's Office

Introduced

November 18, 2025

On agenda

November 25, 2025

Passed

November 25, 2025

Where it was heard

Regular City Commission Meeting Nov 25, 2025 made