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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"PID Financing Agreement" means that certain Amended and Restated Trace Public Improvement District Financing Agreement between the Landowners and the City approved on October 20, 2015, which was amended and restated on September 18, 2018, as may be amended from time to time. "Prepayment Costs" mean interest and Annual Collection Costs to the date of prepayment and in no event may amounts be recovered for costs incurred after the date of prepayment. "Property" means the approximately 417.63 acres of property depicted and described by metes and bounds on Exhibit A to Resolution No. 2015-146R as adopted by City Council on October 29, 2015. The Property is located within the City and is legally described in Appendix B and is depicted in Table II.A of this SAP. "Public Improvements" mean the improvements permitted by the PID Act and designed, constructed, and installed in accordance with this SAP for which Assessments are levied against the Assessed Property that receives a special benefit from such improvement and depicted in Appendix D. "Reimbursement Obligation" means the obligation of the City to pay certain costs of Public Improvements from Assessments levied on Assessed Property pursuant to the Acquistion and Reimbursement Agreement. "Trustee" means the trustee under the Indenture, and any successor thereto permitted under such Indenture and any other Trustee under a future Indenture. "Unplatted Parcel" means the Parcel described in Appendix F and shown on Appendix G. [Remainder of page intentionally left blank]