Ord 2019-003/authorizing the issuance of the City of San Marcos Special Assessment Revenue Bonds, Series 2018 (Trace Public Improvement District); approving aand authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a

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WHEREAS, the City, pursuant to Section 372.016(b) of the PID Act, published notice on September 16, 2016 of a public hearing in a newspaper of general circulation in the City to consider the proposed 'Initial Assessment Roll" and the 'Initial Service and Assessment Plan" and the levy of the 'Initial Assessments" on property in the District; and WHEREAS, the City Council, pursuant to Section 372.016(c) of the PID Act, mailed notice of the public hearing to consider the proposed Initial Assessment Roll and the Initial Service and Assessment Plan and the levy of Initial Assessments on property in the District to the last known address of the owners of the property liable for the Initial Assessments; and WHEREAS, the City Council convened the hearing on October 3, 2016, at which all persons who appeared, or requested to appear, in person or by their attorney, were given the opportunity to contend for or contest the Initial Service and Assessment Plan, the Initial Assessment Roll, and the Initial Assessments, and to offer testimony pertinent to any issue presented on the amount of the Initial Assessment, the allocation of Actual Costs, the purposes of the Initial Assessments, the special benefits of the Initial Assessments, and the penalties and interest on annual installments and on delinquent annual installments of the Initial Assessment; and WHEREAS, at the public hearing referenced in the preceding paragraph, there were no written objections or evidence submitted to the City Clerk in opposition to the Initial Service and Assessment Plan, the allocation of Actual Costs, the Initial Assessment Roll, or the levy of the Initial Assessments; and WHEREAS, the City Council closed the hearing and, after considering all written and documentary evidence presented at the hearing, including all written comments and statements filed with the City, at a meeting held on October 18, 2016, approved and accepted the Initial Service and Assessment Plan in conformity with the requirements of the PID Act and adopted the Initial Assessment Ordinance, which Initial Assessment Ordinance approved the Initial Assessment Roll and levied the Initial Assessments; and WHEREAS, after levying the Initial Assessments, the City Council determined that additional assessments were necessary to be levied on property within the District relating to the total cost of the improvements in the District; and WHEREAS, the City Council, pursuant to Section 372.016(b) of the PID Act, published notice of a public hearing in a newspaper of general circulation in the City on September 21, 2018 to consider the proposed updated assessment roll (the "Additional Assessment Roll") and an amended and restated service and assessment plan (the "Amended and Restated Service and Assessment Plan") and the levy of the "Additional Assessments" on property in the District; and WHEREAS, the City Council, pursuant to Section 372.016(c) of the PID Act, mailed notice of the public hearing to consider the proposed Additional Assessment Roll and the Amended and Restated Service and Assessment Plan and the levy of Additional Assessments on property in the District to the last known address of the owners of the property liable for the Additional Assessments; and