Laserfiche WebLink
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 and <br />equipping of the Project, in an amount not to exceed $30,000,000. <br />PART 2. The foregoing approval shall be solely for the purposes of Section 147(f) of <br />the Code and for no other purpose. The City of San Marcos, Texas shall have no liability, <br />indebtedness or obligation for payment of the Bonds, nor shall any of the City's assets be pledged <br />to the payment of the Bonds. The foregoing approval is not to be construed as (i) a representation <br />or warranty by the City that the Bonds will be paid or that any obligations assumed by any of the <br />parties will, in fact, be performed, or (ii) as a pledge of the faith and credit of or by the City. <br />Further, the fact that the City has approved the Bonds as required by the Code may not, in any <br />event, be used as a sales device with respect to the Bonds. <br />PART 3. This resolution shall take effect immediately from and after its passage. <br />ADOPTED on February 24, 2021. <br />'r' - 61�� <br />i4lie Hughson <br />Mayor <br />101656248.2i 1001032.196 <br />W <br />