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(3) constructing, improving, extending, expanding, upgrading and developing City streets, bridges,
<br />sidewalks, intersections and related traffic improvements including purchasing any necessary rights-
<br />of-way and equipment and updating street comprehensive plan; (4) constructing, improving,
<br />renovating and equipping City park and recreational facilities including constructing and equipping
<br />the 5 mile dam soccer complex; (5) constructing, acquiring, improving, renovating and equipping
<br />municipal facilities including downtown parking, technology improvements and public facilities
<br />comprehensive plan; and (6) the payment of professional services in connection therewith including
<br />legal, fiscal and engineering fees and the costs of issuing the certificates of obligation.
<br />Section 3.02. Date, Denomination, Maturities, Numbers and Interest.
<br />(a) The Certificates shall have the Original Issue Date of June 15, 2009, shall be in fully
<br />registered form, without coupons, in the denomination of $5,000 or any integral multiple thereof, and
<br />shall be numbered separately from one upward or such other designation acceptable to the City and
<br />the Paying Agent/Registrar.
<br />(b) The Certificates shall mature on August 15 in the years and in the principal amounts
<br />and interest rates set forth below, interest on each Certificate accruing from the Original Issue Date
<br />or the most recent Interest Payment Date to which interest has been paid or provided for at the per
<br />annum rates of interest, payable semiannually on February 15 and August 15 of each year until the
<br />principal amount shall have been paid or provision for such payment shall have been made,
<br />commencing February 15, 2010, as follows:
<br />
<br />Year Principal
<br />Amount Interest
<br />Rate
<br />Year Principal
<br />Amount Interest
<br />Rate
<br />2010 $ 630,000 3.000% 2020 $1,140,000 5.000%
<br />2011 825,000 3.000% 2021 1,195,000 5.000%
<br />2012 850,000 3.000% 2022 1,260,000 5.000%
<br />2013 875,000 3.000% 2023 1,315,000 5.000%
<br />2014 900,000 4.000% 2024 1,380,000 5.000%
<br />2015 935,000 4.000% 2025 1,450,000 5.000%
<br />2016 975,000 4.000% 2026 1,525,000 4.750%
<br />2017 1,015,000 4.000% 2027 1,595,000 5.000%
<br />2018 1,055,000 4.000% 2028 1,680,000 5.000%
<br />2019 1,095,000 4.000% 2029 1,760,000 5.000%
<br />San Marcos CTRCO 2009: Ordinance
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