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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of this letter and prior to the actual time of delivery of the Bonds (anticipated to occur on or about January 31, 2019) which would render any such information in the Limited Offering Memorandum untrue, incomplete, or incorrect, in any material fact or render any statement in the appraisal materially misleading. 5. The undersigned hereby represents that he has been duly authorized to execute this letter of representations. Sincerely yours, Integra Realty Resources - DFW By: Its: F-2 4158-2138-4984.4