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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The City Council, as the elected legislative body having jurisdiction over <br />the area in which the Project to be financed is located, hereby approves the proposed issuance of <br />the Bonds pursuant to the Plan of Finance by the Issuer to finance the acquisition, construction <br />and equipping of the Project, in an amount not to exceed $25,000,000. <br />PART 2. The foregoing approval shall be solely for the purposes of Section 147(f) <br />of the Internal Revenue Code and for no other purpose. The City of San Marcos, Texas shall <br />have no liability, indebtedness or obligation for payment of the Bonds, nor shall any of the City's <br />assets be pledged to the payment of the Bonds. The foregoing approval is not to be construed as <br />(i) a representation or warranty by the City that the Bonds will be paid or that any obligations <br />assumed by any of the parties will, in fact, be performed, or (ii) as a pledge of the faith and credit <br />of or by the City. Further, the fact that the City has approved the Bonds as required by the Code <br />may not, in any event, be used as a sales device with respect to the Bonds. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on November 19, 2019. <br />ane ghson <br />Mayor <br />