Ord 2017-054/authorizing the issuance and sale of $34,270,000City of San Marcos, Texas, Combination Tax And Revenue Certificates of Obligation, Series 2017

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ARTICLE III AUTHORIZATION; GENERAL TERMS AND PROVISIONS REGARDING THE CERTIFICATES Section 3.01. Authorization. (a) The City's certificates of obligation to be designated "City of San Marcos, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2017," are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas in the aggregate principal amount of$34,670,000 for the purpose ofpaying contractual obligations incurred or to be incurred for: (1) constructing, improving, extending and expanding city streets, bridges, sidewalks, bike lanes, pedestrian lanes, bus stops, parking, and related traffic improvements including acquiring any necessary rights-of-way and equipment; (2) constructing, improving and extending the City's water and waste water system including acquiring equipment; (3)constructing, improving and extending the City's electric utility system including acquiring equipment; (4) constructing, improving and designing existing municipal buildings to include the activity center, city hall, library, public/community services building and related equipment purchases; (5) constructing, designing, equipping and renovating city parking facilities; (6) constructing and improving the city's drainage and flood control facilities; (7) constructing and improving the city's airport; (8) constructing, designing, equipping and renovating public safety facilities to include police and fire station improvements and equipment purchases; (9) replacing, improving, and developing the disaster recovery infrastructure and network infrastructure equipment; and(10) the payment of professional services in connection therewith including legal,fiscal and engineering fees and the costs of issuing the certificates of obligation. Section 3.02. Date, Denomination, Maturities,Numbers and Interest. (a) The Certificates shall have the Dated Date of September 28, 2017, shall be in fully registered form, without coupons, in the denomination of$5,000 or any integral multiple thereof, and shall be numbered separately from one upward or such other designation acceptable to the City and the Paying Agent/Registrar. (b) The Certificates shall mature on August 15 in the years and in the principal amounts and interest rates set forth below,interest on each Certificate accruing from the Closing Date or the most recent Interest Payment Date to which interest has been paid or provided for at the per annum rates of interest,payable semiannually on February 15 and August 15 of each year until the principal amount shall have been paid or provision for such payment shall have been made, commencing February 15, 2018, as follows: San Marcos CTRCO 2017:Ordinance 6