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A RESOLUTION OF THE FINANCIAL ASSISTANCE IN THE AMOUNT OF <br />APPROVING AN APPLICATION FOR <br />$811,915 TO THE CITY OF SAN MARCOS <br />FROM THE CLEAN WATER STATE REVOLVING FUND <br />THROUGH THE PROPOSED PURCHASE OF <br />$410,000 THE CITY OF SAN MARCOS, TEXAS, WATERWORKS AND WASTEWATER <br />SYSTEM REVENUE BONDS, PROPOSED SERIES 2015 <br />$401,915 IN LOAN FORGIVENESS <br />(14 -101) <br />WHEREAS, the City of San Marcos, located in Hays County, Texas (City) has filed an <br />application for financial assistance in the amount <br />and desiga off certain Clean <br />astewater system <br />Revolving Fund (CWSRF) to finance the planning <br />improvements identified as Project No. 73696; and <br />WHEREAS, the City seeks financial assistance from the Texas Water Development <br />Board (TWDB) through the TWDB's proposed purchase of $410,000 City of San Marcos, <br />Texas, Waterworks and Wastewater System Revenue Bonds n of a Loan Forgiveness (Agreement in <br />all authorizing documents, (Obligations)), and the ex Agreement <br />and in <br />an amount of $401,915, all as is more specifically set forth in the application <br />recommendations of the TWDB's staff; and <br />WHEREAS, the City has offered a pledge of net revenues as sufficient security for the <br />repayment of the Obligations; and <br />WHEREAS, the TWDB hereby finds: <br />1. that the revenue and/or taxes pledged by the City will be sufficient to meet all the <br />Obligations assumed by the City, in accordance with Texas Water Code § 15.607; <br />2. that the application and assistance applied for meet the requirements of the Federal Water <br />Pollution Control Act, 33 U.S.C. H 1251 et seq., as well as state law, in accordance with <br />Texas Water Code § 15.607; <br />3. that the City has adopted and implemented a water conservation program for the more <br />efficient use of water that will meet reasonably anticipated local b the Texas Water Code <br />that incorporates practices, techniques or technology p d Y <br />and TWDB's rules; <br />4. that the City has considered cost- effective, innovative, and nonconventional methods of <br />treatment, in accordance with Texas Water Code § 15.007; and <br />PUM 5, that the City meets the definition of "Disadvantaged Community" in 31 TAC § 375.1(21) <br />and is therefore eligible for low- interest loans through the CWSRF. <br />TWDB Contract No. LF1000351 <br />Exhibit A, Page 2 of 9 <br />