Ord 2023-052 authorizing the issuance and sale of an amount not to exceed $32,700,000 of Combination Tax and Revenue Certificates of Obligation, Series 2023C, levying an ad valorem tax and pledging certain surplus revenues in support of the certificates

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for the payment, in immediately available funds, of all principal of and interest on the Certificates, when due. IF THE DATE for the payment of the principal of or interest on this Certificate shall be a Saturday, Sunday, a legal holiday or a day on which banking institutions in the city where the principal corporate trust office of the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday or day on which banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. THIS CERTIFICATE is dated August 23, 2023, authorized in accordance with the Constitution and laws of the State of Texas in the principal amount of $32,700,000, for the purpose of paying contractual obligations incurred or to be incurred by the City for: : (1) water and waste water system; (2) streets and transportation including related drainage, sidewalks, traffic improvements, parking and lighting; (3) airport; (4) City parks, and recreation facilities and improvements; (5) technology infrastructure and facilities; (6) public safety facilities and equipment to include fire station and fire training facility improvements, including land for a new fire station; (7) stormwater management, drainage and flood control facilities; (8) electric utility system the conversion of existing overhead infrastructure to underground; and (9) payment of professional services in connection therewith including legal, engineering, architectural and fiscal fees and the costs of issuing the Certificates. ON AUGUST 15, 20_, or on any date thereafter, the Certificates of this Series maturing on and after August 15, 20_, may be redeemed prior to their scheduled maturities, at the option of the City, with funds derived from any available and lawful source, at par plus accrued interest to the date fixed for redemption as a whole, or in part, and, if in part, the particular maturities to be redeemed shall be selected and designated by the City and if less than all of a maturity is to be redeemed, the Paying Agent/Registrar shall determine by lot the Certificates, or a portion thereof, within such maturity to be redeemed (provided that a portion of a Certificate may be redeemed only in an integral multiple of$5,000). THE CERTIFICATES MATURING ON AUGUST 15, 20 are subject to mandatory sinking fund redemption prior to maturity in the following amounts on the following dates and at a price of par plus accrued interest to the redemption date ("Terin Certificates"). Term Certificates Maturing on August 15,20 Redemption Date Principal Amount August 15, 20 $ August 15, 20 $ August 15, 20 $ August 15, 20 $ August 15, 20* $* *Final Maturity SAN MARCOSTTRCO2023C: Ordinance