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NOTICE OF INTENTION TO ISSUE <br />CERTIFICATES OF OBLIGATION <br />NOTICE IS HEREBY GIVEN that the City Council of the City of San Marcos, Texas <br />(the "City"), at its meeting to commence at 6:00 P.M. on May 16, 2023 (the "meeting"), at its <br />regular meeting place in the City Hall, 630 East Hopkins, San Marcos, Texas, tentatively <br />proposes to authorize the issuance of one or more series of interest bearing certificates of <br />obligation of the City, in the total aggregate principal amount not to exceed $4,060,000 for <br />paying contractual obligations incurred in connection with: (1) planning, acquisition, design and <br />construction of certain drainage and flood control improvements; and (2) the payment of <br />professional services in connection therewith including legal, fiscal and engineering fees and the <br />costs of issuing the certificates of obligation and other matters related thereto. The City presently <br />proposes to provide for the payment of the certificates of obligation by the levy of ad valorem <br />taxes, within the limits prescribed by law. The certificates of obligation will be additionally <br />payable from a limited pledge of surplus revenues of the City's drainage utility system not to <br />exceed $1,000. <br />The following information is required pursuant to Texas Local Government Code, <br />Section 271.049(b)(4): As of March 7, 2023, principal of all outstanding debt obligations of the <br />City is $403,440,000. As of March 7, 2023, combined principal and interest required to pay all <br />outstanding debt obligations of the City on time and in full is $505,720,713. The maximum <br />principal amount of the Certificates to be authorized is $4,060,000. The estimated combined <br />principal and interest required to pay the Certificates to be authorized on time and in full is <br />$4,060,000. The maximum interest rate for the Certificates may not exceed the maximum legal <br />interest rate. The maximum maturity date of the Certificates to be authorized is August 15, 2043. <br />Jane Hughson <br />Mayor, City of San Marcos, Texas <br />SanMarcosCTRCO202.lntent Resolution <br />