Ord 2018-017/general obligation Bonds; levying an ad valorem tax in support of the bonds; approving a paying agent/registrar agreement, an official Statement, and a purchase agreement; establishing procedures For selling and delivery of one or more series

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ORDINANCE NO. 2018-17 ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF SAN MARCOS,TEXAS GENERAL OBLIGATION BONDS; LEVYING AN AD VALOREM TAX IN SUPPORT OF THE BONDS; APPROVING A PAYING AGENT/REGISTRAR AGREEMENT,AN OFFICIAL STATEMENT,AND A PURCHASE AGREEMENT; ESTABLISHING PROCEDURES FOR SELLING AND DELIVERY OF ONE OR MORE SERIES OF THE BONDS; AND AUTHORIZING OTHER MATTERS RELATING TO THE BONDS THE STATE OF TEXAS COUNTIES OF HAYS, CALDWELL AND GUADALUPE CITY OF SAN MARCOS WHEREAS,at an election held within the City of San Marcos,Texas(the"City")on May 6, 2017 the voters of the City authorized the City Council of the City to issue in one or more series the bonds set forth in proposition numbers 1 and 2,which aggregate$32,200,000 in aggregate principal amount; and WHEREAS,the City Council deems it to be in the best interest of the City to issue all or a portion of the $17,450,000 in aggregate principal amount of the bonds authorized by Proposition Number 1 for the purpose of constructing, improving, renovating and equipping Public Safety Facilities to include the police and fire departments and related emergency and training facilities, including improvements to the police station,construction of a new Fire Station No. 8 and replacing existing Fire Station No. 2 and the acquisition of any necessary sites and related water,wastewater, drainage,streets, sidewalks, parking, infrastructure and other related costs and reserves the right to issue the remaining authorized but unissued bonds at such time as determined by the City Council; and WHEREAS,the City Council deems it to be in the best interest of the City to issue all or a portion of the $14,750,000 in aggregate principal amount of the bonds authorized by Proposition Number 2 for the purpose of constructing, renovating, improving, and equipping existing and/or additional City library facilities including acquisition of any necessary sites and related water, wastewater,drainage, streets,sidewalks,parking,infrastructure and other costs and reserves the right to issue the remaining authorized but unissued bonds at such time as determined by the City Council; and WHEREAS, the City Council deems it to be in the best interest of the City for the Pricing Officer, as designated herein, to determine the amount to be used from each of the propositions described in the above recitals and the amount of remaining authorized but unissued bonds remaining from each proposition following the issuance of a series of Bond pursuant to this Ordinance, all as set for the in a Pricing Certificate; and CWnPnk\GORe18cImpSonds2015.Ordinance-Ada