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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Section III DESCRIPTION OF THE PUBLIC IMPROVEMENTS A. Description and Estimated Cost of the Public Improvements The Public Improvements are described below and generally depicted in Appendix D. Table III -A shows the estimated cost of the Public Improvements. The estimated cost to construct the Public Improvements is $22,386,420. The costs shown in Table III -A may be revised in Annual Service Plan Updates; however, any increase in Actual Costs will be subject to notice and hearing requirements pursuant to the PID Act. A description of the Public Improvements is provided below: • Street Improvements The street improvement portion of the Public Improvements consists of the construction of perimeter road and thoroughfare improvements, including related paving, sidewalks, retaining walls, signage, and traffic control devices, and the acquisition of related rights-of-way which benefit the Assessed Property. The City has determined that the acquisition of rights-of-way related to road improvements meets the requirements of its current policy on the financing of roadway rights-of-way through public improvement district assessments. The road improvements will be constructed according to City standards. • Drainage Improvements The storm drainage improvement portion of the Public Improvements consists of the construction of one detention pond, storm drain pipes, culverts, catch basins and appurtenances thereto to appropriately control and covey storm water. The storm drainage improvements will be constructed according to City standards. • Erosion & Sedimentation Control/Mobilization & General Conditions The Erosion and Sedimentation Control Measures (temporary BMPs) of the Public Improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. • Water Line Distribution The water improvement portion of the Public Improvements consists of construction and installation of waterlines, mains, pipes, valves and appurtenances, necessary for the water distribution system that will service the Assessed Property. The water improvements will be constructed according to City standards. • Wastewater Improvements The wastewater improvement portion of the Public Improvements consists of construction and installation of pipes, service lines, manholes, encasements