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

Home Browse Search

WHEREAS, the City Council convened the hearing on October 1, 2018 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 Amended and Restated Service and Assessment Plan, the Additional Assessment Roll, and the Additional Assessments, and to offer testimony pertinent to any issue presented on the amount of the Additional Assessment, the allocation of Actual Costs, the purposes of the Additional Assessments, the special benefits of the Additional Assessments, and the penalties and interest on annual installments and on delinquent annual installments of the Additional Assessment; and WHEREAS, at the October 1, 2018 public hearing referenced above, there were no written objections or evidence submitted to the City Clerk in opposition to the Amended and Restated Service and Assessment Plan, the allocation of Actual Costs, the Additional Assessment Roll, or the levy of the Additional 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 16, 2018, approved and accepted the Amended and Restated Service and Assessment Plan in conformity with the requirements of the PID Act and adopted the Additional Assessment Ordinance, which approved the Additional Assessment Roll and levied the Additional Assessments; and WHEREAS, after approval of the Additional Assessments, the City Council determined that collection of such Additional Assessments should be deferred until January of 2020 by amending and restating the Additional Assessment Ordinance levying such Additional Assessments after providing notices and holding the hearing required prior to original levy of assessments; and WHEREAS, the City Council published notice of a public hearing in a newspaper of general circulation in the City on November 23, 2018 to consider the amended and restated Additional Assessment Ordinance which included the proposed "Assessment Roll" and an amended and restated service and assessment plan (as amended and supplemented, the "Service and Assessment Plan") and the levy of the "Additional Assessments" on property in the District; and WHEREAS, the City Council mailed notice of the public hearing to consider the proposed Assessment Roll and the 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 WHEREAS, the City Council convened the hearing on December 4, 2018 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 Service and Assessment Plan, the Assessment Roll, and the Additional Assessments, and to offer testimony pertinent to any issue presented on the amount of the Additional Assessment, the allocation of Actual Costs, the purposes of the Additional Assessments, the special benefits of the Additional Assessments, and the penalties 9