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Section 6.03 Economic Feasibility. At least thirty (30) days before the issuance of <br />bonds, except refunding bonds, the District's financial advisor shall certify in writing that the <br />bonds are being issued within the existing economic feasibility guidelines established by the <br />TCEQ for the districts issuing bonds for water, sewer or drainage facilities in Hays County <br />and shall deliver such certification to the City Manager and the City Clerk. First District and <br />all Resulting Districts agree to provide a copy of TCEQ Bond Order and Memo prior to <br />issuance to reduce cost to District. <br />Section 6.04. Notice of Bond Issues. At least thirty (30) days before the issuance of <br />bonds, the District or any resulting district shall deliver to the City Manager and City <br />Attorney notice containing: (a) the amount of Bonds being proposed for issuance; (b) a <br />general description of the projects to be funded by such bonds; and (c) the proposed debt <br />service tax rate after the issuance of the Bonds. <br />If the District and any resulting district is not required to obtain TCEQ approval of the <br />issuance of the Bonds (other than refunding bonds), the District and any resulting district <br />shall deliver such other notice required in this Section at least sixty (60) days prior to the <br />issuance of Bonds. Within thirty (30) days after the District or any resulting district closes <br />the sale of a series of bonds, the District or resulting district shall deliver to the City Manager a <br />copy of the final official statement for such series of bonds. If the City requests additional <br />information regarding such issuance, the District or resulting district shall promptly provide <br />such information at no cost to the City. <br />Section 6.05. Compliance with Agreements. At least thirty (30) days before <br />issuance of Bonds, the District and any resulting district shall certify in writing that it is in <br />substantial compliance with the consent resolution approved by the city council, the consent <br />agreement, and to the extent such agreements impose requirements on the District, with the <br />consent agreement and all other agreements executed by the City and the District and shall promptly <br />deliver such certification to the City Manager, and City Clerk. <br />Section 6.06. Certifications. With respect to any matter required by this Article <br />VI to be certified in writing, the Agreement also requires, and the District and any <br />resulting district hereby warrants, that every statement in any certification shall be true <br />and correct in all material respects and that the person signing the certification has been <br />given the requisite authority to do so on behalf of such district. <br />Section 6.07. Tax Rate. The District's and any resulting district's Tax Rate will <br />approximate but not be less than the City's tax rate. <br />Section 6.08. Notice of Tax Rate. The District and any resulting district shall send a <br />copy of the order or other action setting an ad valorem tax rate to the City Manager, and City <br />Clerk within thirty (30) days after District's adoption of the rate. <br />10 <br />