Res 2008-013 - Laserfiche WebLink

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NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of San Marcos, Texas (the"City"), at its meeting to commence at 7:00 P.M. on March 4, 2008, at its regular meeting place in the City Hall, 630 East Hopkins, San Marcos, Texas, tentatively proposes to authorize the issuance of interest bearing certificates of obligation of the City, in the total aggregate principal amount not to exceed $11,960,000, for the public purpose of paying contractual obligations incurred or to be incurred for: (1) constructing, reconstructing, improving, extending, expanding, upgrading and/or developing City streets, bridges, sidewalks, intersections, parking lots and related traffic improvements and costs and purchasing any necessary right-of--way and equipment therefor; (2) acquiring and purchasing fire department vehicles and equipment; (3) constructing and improving drainage facilities; (4) constructing, improving, renovating and/or equipping City park and recreational facilities, including additional acquisition costs for the Spring Lake Preserve; (5) additional costs related to constructing, improving and equipping the Central Fire Station; (6) constructing, improving and stabilizing portions of the San Marcos River Bank; (7) constructing, improving and equipping the multi service facility, including any necessary land acquisition; (8) additional costs for the bike and pedestrian improvements; and (9) the payment of professional services in connection therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of obligation. The City presently proposes to provide for the payment of the certificates of obligation by the levy of ad valorem taxes, within the limits prescribed by law. The certificates of obligation will be additionally payable from a limited pledge of surplus revenues of the City's water and waste water system not to exceed $1,000. SanMorcos.O8.Intent Resolution