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Res 2014-045/Directing publication of notice of intention to issue certificates of obligation
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Res 2014-045/Directing publication of notice of intention to issue certificates of obligation
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1/22/2015 3:43:36 PM
Creation date
4/4/2014 8:39:37 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Certificates of Obligation
Number
2014-45
Date
4/1/2014
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248 Addie Roy Rd. <br />Suite 6 -103 <br />Austin, Texas 78746 <br />SPECIALIZED LI FINANCE INC. Phone: 512.275.7302 <br />FINANCIAL ADVISORY SERVICES Mobile: 512.820.6086 <br />City of San Marcos, Texas <br />Combination Tax and Revenue Certificates of Obligation, Series 2014 ( "COs") <br />Tuesday, April 1, 2014* <br />Week of April 1, 2014 <br />Week of April 8, 2014 <br />Week of April 28, 2014 <br />Monday, May 12,, 2014 <br />Tuesday, May 13, 2014 <br />Thursday, May 20, 2014* <br />Tuesday, June 3, 2014 <br />Tuesday, June 10, 2014 <br />*Official City Council meeting. <br />Timeline of Events — Competitive Sale <br />The City Council considers a resolution directing publication of <br />the notice of intent to issue COs. <br />First notice of intent appears in the newspaper. <br />Second notice appears in the newspaper. <br />The Financial Advisor makes application to Standard & Poor's in <br />order to obtain a rating on the COs. <br />Rating Agency Conference Call. <br />The Preliminary Official Statement is distributed to potential <br />bidders. <br />Rating is received and published by SPFI. <br />Sale. The City Council will consider an Ordinance authorizing the <br />issuance of the COs and awarding them to the purchaser(s). <br />Notice is sent to the Purchaser(s) regarding the Closing Date. <br />Delivery Date. The City receives funds from the Purchaser(s) of <br />the COs. <br />
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