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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"Assessed Property" means property on which Assessments have been levied as shown on the Assessment Roll (as the same may be updated each year by an Annual Service Plan Update) and which includes any and all Parcels within the District other than Non -Benefited Property and the Elementary School Site, each as defined in the Service and Assessment Plan. "Assessment Ordinance" means, collectively, the Initial Assessment Ordinance and the Additional Assessment Ordinance. "Assessment Revenues" means the revenues received by the City from the collection of Assessments, including Prepayments, Annual Installments and Foreclosure Proceeds. "Assessment Roll" means the document attached as Appendix E to the Service and Assessment Plan, showing the total amount of the Assessments, as updated, modified, or amended from time to time in accordance with the terms of the Service and Assessment Plan and the PID Act. "Assessments" means the assessments levied against Assessed Property in the PID, as provided for in the applicable Assessment Ordinance and in the Service and Assessment Plan, including the Initial Assessments, Additional Assessments, and any supplemental assessments or reallocation of assessments levied in accordance with Sections 372.019 and 372.020 of the PID Act. "Attorney General" means the Attorney General of the State. "Authorized Denomination" means $100,000 and any integral multiple of $5,000 in excess thereof. The City prohibits any Bond to be issued in a denomination of less than $100,000 and further prohibits the assignment of a CUSIP number to any Bond with a denomination of less than $100,000, and, unless made pursuant to Section 4.5 herein, any attempt to accomplish either of the foregoing shall be void and of no effect. "Bond" means any of the Bonds. "Bond Counsel" means McCall, Parkhurst & Horton L.L.P. or any other attorney or firm of attorneys designated by the City that are nationally recognized for expertise in rendering opinions as to the legality and tax-exempt status of securities issued by public entities. "Bond Date" means the date designated as the initial date of the Bonds by Section 3.2(a) of this Indenture. "Bond Fund" means the Fund established pursuant to Section 6.1 and administered pursuant to Section 6.4. "Bond Ordinance" means Ordinance No. adopted by the City Council on January 15, 2019 authorizing the issuance of the Bonds pursuant to this Indenture.