Ord 2021-057/authorizing the issuance of $31,360,000 Combination Tax and Revenue Certificates of Obligation Series 2021B

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ORDINANCE NO. 2021-57 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF $31,360,000 OF COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2021B FOR CONSTRUCTING, IMPROVING, DESIGNING, ACQUIRING AND EQUIPPING THE CITY'S (1) NEW PUBLIC SERVICES FACILITY, INCLUDING ACQUISITION OF LAND; AND (2) 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, the City Council (the "City Council") of the City of San Marcos, Texas (the "City"), by resolution adopted on June 1, 2021, directed publication of notice of the City's intention to issue interest bearing certificates of obligation in a total aggregate principal amount not to exceed $72,670,000, in one or more series, for the purposes hereinafter set forth; WHEREAS, such notice was published and posted on the internet, each in the manner and to the extent required by law; WHEREAS, there has not been filed with the City Clerk or any other officer of the City a petition protesting the issuance of such certificates of obligation and requesting an election on same; WHEREAS, it is affirmatively found and determined that the City is authorized to proceed with the issuance and sale of such certificates of obligation as authorized by the Constitution and laws of the State of Texas, including, particularly, Tex. Loc. Gov't Code Ann. Ch. 271, subch. C, and Tex. Gov't Code Ch. 1502; and WHEREAS, it is officially found, determined and declared that the meeting at which this Ordinance has been adopted was open to the public and public notice of the date, hour, place and subject of said meeting, including this Ordinance, was given, all as required by the applicable provisions of Tex. Gov't Code Ann. Ch. 551; Now, Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: ARTICLE I DEFINITIONS AND OTHER PRELIMINARY MATTERS Section 1.01. Definitions. Unless otherwise expressly provided or unless the context clearly requires otherwise, in this Ordinance the following terms shall have the meanings specified below: "Certificate" means any of the Certificates. 6 San Marcos CTRCO 2021B: Ordinance