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<br /> <br />EXHIBIT B <br />IRMA EXEMPTION LETTER <br /> <br /> <br /> <br />P3Works, LLC. <br /> <br />9284 Huntington Sq., Suite 100 <br />North Richland Hills, TX 76182 <br /> <br /> <br /> <br />Mary V. Petty, Managing Partner <br />+1.817.393-0353 Phone <br /> <br />Admin@P3-Works.com <br /> <br /> <br />{Date} <br /> <br />Bert Lumbreras <br />City Manager <br />City of San Marcos <br />630 E Hopkins St, <br />San Marcos, TX 78666 <br /> <br />RE: IRMA Exemption/Acceptance Letter <br /> <br />To Whom It May Concern: <br /> <br />We have received your written representation, dated _________, 20__, that the City of San Marcos (the <br />"City") has engaged and is represented by ________________, an independent registered Municipal <br />Adv-1(d)(3)(vi) of the Securities Exchange Act of <br />1934 <br />evaluating recommendations brought forward by P3Works, LLC tha <br /> <br /> <br />Furthermore, P3Works, LLC has conducted reasonable due diligence and is confirming that to the best of <br />our knowledge, the IRMA is independent from P3Works, LLC, that P3Works, LLC is not a municipal advisor <br />and is not subject to the fiduciary duty to municipal entities that the Security and Exchange Act imposes <br />on municipal advisors, and that P3Works, LLC has a reasonable basis for relying on the IRMA Exemption. <br />We will advise you, in writing, if we become aware of any changes. <br /> <br />P3Works, LLC provides PID Administration as consult services to Cities and Counties. As required by the <br />relevant sections of the Securities Exchange Act regarding Municipal Advisors, we are informing your <br />identified IRMA of these facts. <br /> <br /> <br /> <br />Mary V. Petty Jon Snyder <br />Managing Partner Managing Partner <br />P3Works, LLC P3Works, LL <br />Version 05.18.2021 9 <br /> <br />