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Res 2023-049/Authorizing proceeding with issuance of certificates of obligation and further directing and publication of notice of intention to issue City of San Marcos, Texas Combination Tax and Surplus
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Res 2023-049/Authorizing proceeding with issuance of certificates of obligation and further directing and publication of notice of intention to issue City of San Marcos, Texas Combination Tax and Surplus
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8/14/2023 10:30:24 AM
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3/16/2023 10:26:57 AM
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Section 3. City Website Posting of Notice. Further, said notice shall be continuously <br />published in substantially the form attached hereto on the City's website for at least 45 days <br />before the date tentatively set for passage of the ordinance authorizing the issuance of the <br />Certificates. <br />Section 4. Effective Date. This Resolution shall become effective immediately upon <br />adoption. The Mayor and City Clerk are hereby authorized and directed to execute this <br />Resolution on behalf of the City and to do any and all things proper and necessary to carry out <br />the intent of this Resolution. <br />Section 5. Attorney General Fee. The City Council hereby authorizes the disbursement of <br />a fee equal to the lesser of (i) one-tenth of one percent of the principal amount of each series of <br />obligations being issued or (ii) $9,500 for each series, provided that such fee shall not be less <br />than $750, to the Attorney General of Texas Public Finance Division for payment of the <br />examination fee charged by the State of Texas for the Attorney General's review and approval of <br />public securities and credit agreements, as required by Section 1202.004 of the Texas <br />Government Code. The appropriate member of the City's staff is hereby instructed to take the <br />necessary measures to make this payment. The City is also authorized to reimburse the <br />appropriate City funds for such payment from proceeds of the debt. <br />[Execution Page Follows] <br />sanMarcosCTRCO202. Intent Resolution <br />
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