|
EXHIBIT "B"
<br />APPROVAL CERTIFICATE
<br />The undersigned Authorized Representative of the City of San Marcos, Texas pursuant to
<br />the resolution (the "Resolution") authorizing the issuance of obligations designated as "Alliance
<br />Regional Water Authority Contract Revenue Bonds (Regional Water Supply Contract Project —
<br />City of San Marcos, Texas), Series 2019C" (the 'Bonds") hereby approves the following terms
<br />of the Bonds:
<br />(i)
<br />the total principal amount of the Bonds of $30,800,000;
<br />(ii)
<br />the purchase price for the Bonds is $30,800,000 (representing
<br />the original principal
<br />amount of the Bonds);
<br />(iii)
<br />the interest rates and maturity schedule for the Bonds are
<br />as set forth below:
<br />Year of
<br />Stated Maturity
<br />Principal
<br />Interest
<br />(August 15)
<br />Amounts ($)
<br />Rates
<br />2021
<br />$1,485,000
<br />0.84%
<br />2022
<br />1,500,000
<br />0.85
<br />2023
<br />1,510,000
<br />0.87
<br />2024
<br />1,520,000
<br />0.89
<br />2025
<br />1,530,000
<br />0.90
<br />2026
<br />1,540,000
<br />0.94
<br />2027
<br />1,555,000
<br />0.99
<br />2028
<br />1,570,000
<br />1.01
<br />2029
<br />1,580,000
<br />1.04
<br />2030
<br />1,595,000
<br />1.17
<br />2031
<br />1,615,000
<br />1.34
<br />2032
<br />1,635,000
<br />1.49
<br />2033
<br />1,655,000
<br />1.66
<br />2034
<br />1,680,000
<br />1.70
<br />2035
<br />1,710,000
<br />1.74
<br />2036
<br />1,735,000
<br />1.85
<br />2037
<br />1,765,000
<br />1.90
<br />2038
<br />1,795,000
<br />1.94
<br />2039
<br />1,825,000
<br />1.84
<br />(iv) the Bonds are subject to redemption as set forth below:
<br />The Bonds stated to mature on and after August 15, 2030 may be redeemed prior to their
<br />Stated Maturities, at the option of the Authority, in inverse order of maturity on February 15,
<br />2030, or on any date thereafter, in whole or in part in an Authorized Denomination (and if within
<br />ARWA\2019C: ResApprovingResSanMarcos B-1
<br />
|