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be issued and delivered in accordance with the Constitution and laws of the State of Texas in the
<br />aggregate principal amount of $34,530,000 for the purpose of paying contractual obligations
<br />incurred or to be incurred forconstructing, improving, designing, acquiring and equipping the City's
<br />(1) water and waste water system; (2) electric utility system; (3) streets including related drainage,
<br />sidewalks, traffic improvements and lighting, including acquisition of right-of-way; (4) municipal
<br />buildings to include HVAC improvements, roof replacements and security improvements; (5)
<br />stormwater management and flood control facilities, including acquisition of land; (6) airport; (7)
<br />public safety facilities to include police and fire improvements and technology equipment upgrades;
<br />(8) network and fiber optic infrastructure equipment; (9) recreational facilities including parks and
<br />sports fields; (10)parking facilities; and (11) the payment of professional services in connection
<br />therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of
<br />obligation.
<br /> Section 3.02. Date, Denomination, Maturities, Numbers and Interest.
<br /> (a) The Certificates shall have the Dated Date of August 25, 2021, shall be in fully
<br />registered form, without coupons, in the denomination of $5,000 or any integral multiple thereof,
<br />and shall be numbered separately from one upward or such other designation acceptable to the City
<br />and the Paying Agent/Registrar.
<br /> (b) The Certificates shall mature on August 15 in the years and in the principal amounts
<br />and interest rates set forth below, interest on each Certificate accruing from the Closing Date or the
<br />most recent Interest Payment Date to which interest has been paid or provided for at the per annum
<br />rates of interest, payable semiannually on February 15 and August 15 of each year until the
<br />principal amount shall have been paid or provision for such payment shall have been made,
<br />commencing February 15, 2022, as follows:
<br />Principal Interest Principal Interest
<br />YearAmountsRateYearAmountsRate
<br />2022 $1,200,000 5.000% 2032 $1,895,000 3.000%
<br />2023 780,000 5.000 2033 1,955,000 3.000
<br />2024 1,000,000 5.000 2034 2,015,000 3.000
<br />2025 1,070,000 5.000 2035 2,080,000 2.000
<br />2026 1,140,000 5.000 2036 2,110,000 2.000
<br />2027 1,205,000 5.000 2037 2,155,000 2.000
<br />2028 1,590,000 5.000 2038 2,200,000 2.000
<br />2029 1,670,000 5.000 **** **** ****
<br />2030 1,755,000 5.000 2040 4,540,000 2.000
<br />2031 1,835,000 3.000 2041 2,335,000 2.000
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<br />San Marcos CTRCO 2021A: Ordinance
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