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Lessee's Counsel's Opinion � <br />June 7.2O17 <br />U.S. Bank Equipment Finance, adivision of U.S. Bank <br />National Association <br />13O1OSVV68thParkway, Suite 1OO <br />City of San Marcos <br />03UEast Hopkins Street <br />San Marcos, TX78GGG <br />Attention: Chery|Pantannueh| <br />RE: Property Schedule No. 1 to Master Tax -Exempt Lease/Purchase Agreement between U.S. <br />Bank Equipment Finance, a division of U.S. Bank National Association and City of San Marcos. <br />Ladies and Gentlemen: <br />We have acted as special counsel to City of San Marcos ("Lessee"), in connection with the Master <br />Tax -Exempt Lease/Purchase Agreement, dated as of June 7, 2017 (the "Master Agreement"), between City <br />of San Marcos, as lessee, and U.S. Bank Equipment Finanm*, a division of U.S. Bank National Association <br />as lessor ("Lessor"), and the execution of Property Schedule No. 1 (the "Property Schedule") pursuant to the <br />Master Agreement. We have examined the law and such certified proceedings and other papers as we deem <br />necessary torender this opinion. <br />All capitalized terms not otherwise defined herein shall have the meanings provided in the Master <br />Agreement and Property Schedule. <br />Aatoquestions offact material toour opinion, vvehave relied upon the representations ofLessee in <br />the Master Agreement and the Property Schedule and in the certified proceedings and other certifications of <br />public officials furnished to us without undertaking to verify the same by independent investigation. <br />Based upon the foregoing, we are of the opinion that, under existing law: <br />1 Lessee ioapublic body corporate and politic, duly organized and existing under the laws of <br />the State, and has a substantial amount of one or more of the following sovereign powers: (a) the power to <br />tax, (b) the power ofeminent domain, and (c)the police power. <br />2. Lessee has all requisite power and authority toenter into the Master Agreement and the <br />CITY HALL * 630 EAST HOPKINS * SAN MARCOS, TEXAS 78666 * 512.393.8150 * FACSIMILE 855.759.2841, <br />