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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WHEREAS,the Bonds authorized by this Ordinance are being issued and delivered pursuant to the City Charter and Chapters 1207, 1331 and 1371 of the Texas Government Code,as amended, and other applicable laws: and WHEREAS, it is hereby officially found and determined that the meeting at which this Ordinance was passed was open to the public,and public notice of the time,place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF SAN MARCOS, TEXAS: Section 1. RECITALS. The recitals set forth in the preamble hereof are incorporated herein and shall have the same force and effect as if set forth in this Section. Section 2. DEFINITIONS. For all purposes of this Ordinance, except as otherwise expressly provided or unless the context otherwise requires,the terms defined in Exhibit"A"to this Ordinance have the meanings assigned to them in Exhibit "A". Section 3. AMOUNT,NAME, PURPOSE AND AUTHORIZATION. The Bonds, each to be designated the "CITY OF SAN MARCOS, TEXAS GENERAL OBLIGATION BONDS,SERIES 2018"unless such other similar designation shall be deemed more appropriate for a series of Bonds as determined by the Pricing Officer and described in the Pricing Certificate," in one or more Series are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas,particularly Chapters 1331 and 1371,Texas Government Code, as amended,and the Charter of the City. The Bonds shall be issued in an aggregate principal amount not to exceed$28,000,000,and each series of Bonds shall be issued for one or more of the purposes of providing funds for(i)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, 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, (ii) constructing, improving,extending, expanding, upgrading and/or developing City library facilities including acquisition of any necessary sites and related water, wastewater, drainage, streets, sidewalks, parking infrastructure and (iii) paying the legal fees and other such costs incurred in connection therewith including the costs of issuing the Bonds. The Pricing Officer may determine whether a particular Series of Bonds will include refunding bonds,new money bonds, or a combination thereof, whether any such series of Bonds is issued as Taxable Bonds or Tax-Exempt Bonds,and whether the title and designation of a series of Bonds shall be revised to appropriately reflect the series of Bonds being issued, all as described in the Pricing Certificate. Section 4. DATE, DENOMINATION, MATURITIES, NUMBERS, INTEREST AND REDEMPTION. (a) Initially there shall be issued,sold,and delivered hereunder one or more Series of fully registered Bonds, without interest coupons, which may be in the form of Current Interest Bonds or Premium Compound Interest Bonds,numbered consecutively from R-1 upward,in the case of Current Interest Bonds, and from PC-1 upward, in the case of Premium Compound 2 swn.rw:,eonxoie.Ordixnee00