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Res 2015-090/directing publication of Notice of Intention to issue Certificates of Obligation
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Res 2015-090/directing publication of Notice of Intention to issue Certificates of Obligation
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8/20/2015 9:38:05 AM
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Resolutions
Number
2015-90
Date
7/21/2015
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City of San Marcos, Texas <br />Combination Tax and Revenue Certificates of Obligation, Series 2015 ( "COs ") <br />Timeline of Events — Competitive or Negotiated Sale <br />Tuesday, July 21, 2015* The City Council considers a resolution directing publication of <br />the notice of intent to issue COs. <br />Week of July 21, 2015 First notice of intent appears in the newspaper. <br />Week of July 27, 2015 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 />Week of August 17, 2015 Rating Agency Meeting. <br />Tuesday, August 25, 2015* Delegation. The City Council will consider a Delegation <br />Ordinance authorizing the issuance of the COs and Refunding <br />Bonds (Refunding delegation is good for up to 1 year). <br />Thursday, August 27, 2015 <br />Week of August 31, 2015 <br />Thursday, September 17, 2015 <br />Thursday, September 24, 2015 <br />*Official City Council meeting. <br />Rating is received and published by SPFI. <br />Pricinjz. Interest rates are negotiated and set on the COs. <br />Notice is sent to the Purchaser /Underwriter(s) regarding the <br />Closing Date. <br />Delivery. The City receives <br />Purchaser /Underwriter(s) of the COs. <br />funds from the <br />
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