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RESOLUTION DELAYING ACTION ON AN ORDINANCE AUTHORIZING <br />CITY OF SAN MARCOS, TEXAS TAX AND REVENUE CERTIFICATES O <br />OBLIGATION IN AN AMOUNT NOT TO EXCEED $19,750,000; <br />AND OTHER MATTERS RELATED THERETO <br />THE STATE O TEXAS <br />CITY OF SAN MARCO . <br />COUNTIES OF HAYS, CALDWELL AND GUADALUPE <br />WHEREAS, on July 21, 2015, the City Council of the City of San Marcos, Texas (the <br />"City ") passed a resolution authorizing the publication of a notice of intent (the "Notice <br />Resolution ") to issue City of San Marcos, Texas Tax and Revenue Certificates of Obligation in a <br />maximum principal amount not to exceed $19,750,000 (the "Certificates "); and <br />WHEREAS, the Notice Resolution stated that the City Council tentatively proposed to <br />authorize the issuance of the Certificates at its regular meeting of the City Council to commence <br />at 5:30 p.m. on August 25, 2015; and <br />WHEREAS, upon the advice of the City's staff, the City finds it necessary to delay <br />action on the ordinance authorizing the issuance of the Certificates until a regular meeting of the <br />City Council to commence at 5:30 p.m. on September 1, 2015. <br />NOW, FORE, B RESOLVED BY THE CITY # i,i I C OF T11 <br />CITY OF SAN i c:A R O- TEXAS THAT: <br />Section 1. a Ong Ar¢;nn. The City hereby delays action on the ordinance <br />authorizing the issuance of the Certificates until a regular meeting of the City Council to <br />commence at 5:30 p.m. on September 1, 2015 at its regular meeting place in the Council <br />Chambers at City Hall, 630 E. Hopkins, San Marcos, Texas. <br />Section 2. . The City Clerk is hereby directed to post notice of this Resolution <br />Delaying Action on authorizing the Certificates in a publicly accessible and prominent location <br />at City Hall, 630 E. Hopkins, San Marcos, Texas, and such notice must be visible by the general <br />public at such location no later than 5:30 p.m. on August 25, 2015, and remain posted until <br />September 1, 2015. Such Notice shall also be posted on the City's website in the location where <br />City Council meetings and agendas are regularly posted. <br />Section 3. tber Matt - - This Resolution shall become effective immediately upon <br />adoption. The Mayor and City Secretary are hereby authorized and directed to execute the <br />certificate to which this Resolution is attached on behalf of the City and to do any and all things <br />proper and necessary to carry out the intent of this Resolution. <br />SAN MARCOS /CO2015: Delay Resolution <br />