|
ORDINANCE NO.2018-44
<br /> ORDINANCE AUTHORIZING THE ISSUANCE OF THE CITY OF SAN MARCOS,
<br /> TEXAS COMBINATION TAX AND SURPLUS REVENUE CERTIFICATES OF
<br /> OBLIGATION, SERIES 2018; AND OTHER RELATED MATTERS
<br /> WHEREAS, on the 2191 day of August, 2018, the City Council of the City of San Marcos
<br /> (the "City" or the "Issuer")adopted a resolution authorizing and directing notice of its intention to
<br /> issue the Certificates of Obligation in an amount not to exceed $1,935,000, to be published in a
<br /> newspaper as required by Section 271.049 of the Texas Local Government Code; and
<br /> WHEREAS, said notice was published in the San Marcos Daily Record, as required by
<br /> Section 271.049 of the Texas Local Government Code, on August 26, 2018 and September 2,
<br /> 2018; and
<br /> WHEREAS,no petition, signed by 5% of the qualified electors of the Issuer as permitted
<br /> by Section 271.049 of the Texas Local Government Code protesting the issuance of such
<br /> Certificates of Obligation, has been filed; and
<br /> WHEREAS, the Certificates of Obligation hereinafter authorized are to be issued and
<br /> delivered pursuant to Subchapter C of Chapter 271 of the Texas Local Government Code; and
<br /> WHEREAS, there are presently no outstanding obligations issued by the City or secured,
<br /> 0by a pledge of ad valorem taxes together with an unlimited pledge of, and lien on, the surplus
<br /> revenues; and
<br /> WHEREAS, there are presently outstanding Combination Tax & Revenue Certificates of
<br /> Obligation, Series 2008A, Combination Tax & Revenue Certificates of Obligation, Series 2009,
<br /> General Obligation Bonds, Series 2009, General Obligation Refunding Bonds, Series 2009, Tax
<br /> and Revenue Refunding Bonds, Series 2009, Combination Tax & Revenue Certificates of
<br /> Obligation, Taxable Series 2010, General Obligation Refunding Bonds, Series 2010, General
<br /> Obligation Refunding Bonds, Series 2011, Combination Tax & Revenue Certificates of
<br /> Obligation, Taxable Series 2011,General Obligation Refunding Bonds, Series 2012,Combination
<br /> Tax & Revenue Certificates of Obligation, Taxable Series 2013, General Obligation Refunding
<br /> Bonds,Series 2013,General Obligation Refunding Bonds,Taxable Series 2013, Combination Tax
<br /> & Revenue Certificates of Obligation, Series 2014, General Obligation Refunding Bonds, Series
<br /> 2014, General Obligation Refunding Bonds, Series 2014A, General Obligation Refunding Bonds,
<br /> Taxable Series 204B, Combination Tax & Revenue Certificates of Obligation, Series 2015,
<br /> General Obligation Refunding Bonds, Series 2016, Combination Tax & Revenue Certificates of
<br /> Obligation, Series 2016, Combination Tax & Revenue Certificates of Obligation, Series 2017,
<br /> Combination Tax & Revenue Certificates of Obligation, Series 2018 and General Obligation
<br /> Bonds, Series 2018 (collectively, the "Outstanding Tax Obligations");
<br /> WHEREAS,there are presently outstanding Waterworks & Wastewater System Revenue
<br /> Bonds, Series 2015, Waterworks & Wastewater System Revenue Bonds, Series 2017A and
<br /> v Waterworks & Wastewater System Revenue Bonds, Series 2017B (collectively, the "Outstanding
<br /> Revenue Obligations", and collectively with the Outstanding Tax Obligations, the "Outstanding
<br /> Obligations");
<br /> 1
<br /> SAN MARCOS(TWDB)CTRCO 2018 Ordinance
<br />
|