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EXHIBIT "B" <br /> APPROVAL CERTIFICATE <br /> The undersigned Authorized Representative of the City of San Marcos, Texas pursuant to <br /> the resolution (the "Resolution") authorizing the issuance of obligations designated as "Alliance <br /> Regional Water Authority Contract Revenue Bonds (Regional Water Supply Contract Project — <br /> City of San Marcos, Texas) Series 2017C," (the "Bonds") hereby approves the following terms of <br /> the Bonds: <br /> (i) the total principal amount of the Bonds of$11,450,000; <br /> (ii) the purchase price for the Bonds is$11,450,000 (representing the original principal <br /> amount of the Bonds); <br /> (iii) the interest rates and maturity schedule for the Bonds are as set forth below: <br /> Year of <br /> Stated Maturity Principal Interest <br /> (August 15) Amounts ($) Rates (%) <br /> 2019 $540,000 0.630% <br /> 2020 545,000 0.700 <br /> 2021 550,000 0.780 <br /> 2022 550,000 0.900 <br /> 2023 555,000 1.010 <br /> 2024 560,000 1.100 <br /> 2025 570,000 1.210 <br /> 2026 575,000 1.290 <br /> 2027 580,000 1.370 <br /> 2028 590,000 1.510 <br /> 2029 600,000 1.680 <br /> 2030 610,000 1.830 <br /> 2031 620,000 1.980 <br /> 2032 630,000 2.060 <br /> 2033 645,000 2.130 <br /> 2034 660,000 2.180 <br /> 2035 675,000 2.220 <br /> 2036 690,000 2.260 <br /> 2037 705,000 2.290 <br /> (iv) the Bonds are subject to redemption as set forth below: <br /> The Bonds stated to mature on and after August 15, 2028 may be redeemed prior to their <br /> Stated Maturities, at the option of the Authority, in inverse order of maturity on February 15,2028, <br /> or on any date thereafter,in whole or in part in an Authorized Denomination(and if within a Stated <br /> Maturity selected at random and by lot by the Paying Agent/Registrar) at the redemption price of <br /> par,together with accrued interest to the date of redemption,and upon thirty(30)days prior written <br /> ARWA\2017C: ResApprovingResSanMarcos B-1 <br />