Res 2021-108/Notice of intention to issue certificates of obligation $72,670,000

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RESOLUTION NO. 2021-108R A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, DIRECTING PUBLICATION OF A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION IN THE AMOUNT NOT TO EXCEED $72,670,000 FOR CONSTRUCTING, IMPROVING, DESIGNING, ACQUIRING AND EQUIPPING THE CITY'S (1) WATER AND WASTE WATER SYSTEM; (2) ELECTRIC UTILITY SYSTEM; (3) STREETS INCLUDING RELATED DRAINAGE, SIDEWALKS, TRAFFIC IMPROVEMENTS AND LIGHTING, INCLUDING ACQUISITION OF RIGHT-OF-WAY; (4) MUNICIPAL BUILDINGS TO INCLUDE HVAC IMPROVEMENTS, ROOF REPLACEMENTS AND SECURITY IMPROVEMENTS; (5) STORMWATER MANAGEMENT AND FLOOD CONTROL FACILITIES, INCLUDING ACQUISITION OF LAND; (6) AIRPORT; (7) PUBLIC SAFETY FACILITIES TO INCLUDE POLICE AND FIRE IMPROVEMENTS AND TECHNOLOGY EQUIPMENT UPGRADES; (8) NETWORK AND FIBER OPTIC INFRASTRUCTURE EQUIPMENT; (9) RECREATIONAL FACILITIES INCLUDING PARKS AND SPORTS FIELDS; (10) A NEW PUBLIC SERVICES FACILITY, INCLUDING ACQUISITION OF LAND; (11) PARKING FACILITIES; AND (12) THE PAYMENT OF PROFESSIONAL SERVICES IN CONNECTION THEREWITH INCLUDING LEGAL, FISCAL AND ENGINEERING FEES AND THE COSTS OF ISSUING THE CERTIFICATES OF OBLIGATION AND OTHER MATTERS RELATED THERETO. WHEREAS, this City Council deems it advisable to give notice of intention to issue certificates of obligation of the City of San Marcos, Texas (the "City"), as hereinafter provided; and WHEREAS, prior to the issuance of the Certificates, the City Council is required under Section 271.041 et seq., Local Government Code to publish notice of its intention to issue the Certificates in a newspaper of general circulation in the City and continuously on the City's website, the notice stating: (i) the time and place tentatively set for the passage of the ordinance authorizing the issuance of the Certificates, (ii) the purpose of the Certificates to be authorized; and (iii) the manner in which the Certificates will be paid; (iv) the then -current principal of all outstanding debt obligations of the issuer; (v) the then -current combined principal and interest required to pay all outstanding debt obligations of the issuer on time and in full; (vi) the maximum principal amount of the certificates to be authorized; (vii) the estimated combined principal and interest required to pay the certificates to be authorized on time and in full; (viii) the estimated interest rate for the certificates to be authorized or that the maximum interest rate for the certificates may not exceed the maximum legal interest rate; and (ix) the maximum maturity date of the certificates to be authorized. WHEREAS, it is officially found and determined that the meeting at which this SanMarcos.CTRCO2021.Intent Resolution