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WHEREAS, at the request of the Sponsors, the Authority issued [sixteen] series of
<br /> bonds, one for each of the Sponsors' share of the Project Costs, to wit: $9,865,000 Alliance
<br /> Regional Water Authority Contract Revenue Bonds, (Regional Water Supply Contract Project—
<br /> Canyon Regional Water Authority), Series 2017A, $8,995,000 Alliance Regional Water
<br /> Authority Contract Revenue Bonds, (Regional Water Supply Contract Project — City of Kyle,
<br /> Texas), Series 2017B, $11,450,000 Alliance Regional Water Authority Contract Revenue Bonds
<br /> (Regional Water Supply Contract Project — City of San Marcos, Texas), Series 2017C,
<br /> $1,625,000 Alliance Regional Water Authority Contract Revenue Bonds, (Regional Water
<br /> Supply Contract Project — City of Buda, Texas), Series 2017D, $26,530,000 Alliance Regional
<br /> Water Authority Contract Revenue Bonds, (Regional Water Supply Contract Project — Canyon
<br /> Regional Water Authority), Series 2019A, $24,200,000 Alliance Regional Water Authority
<br /> Contract Revenue Bonds, (Regional Water Supply Contract Project — City of Kyle, Texas),
<br /> Series 2019B, $30,800,000 Alliance Regional Water Authority Contract Revenue Bonds
<br /> (Regional Water Supply Contract Project — City of San Marcos, Texas), Series 2019C and
<br /> $4,370,000 Alliance Regional Water Authority Contract Revenue Bonds, (Regional Water
<br /> Supply Contract Project — City of Buda, Texas), Series 2019D, $37,865,000 Alliance Regional
<br /> Water Authority Contract Revenue Bonds, (Regional Water Supply Contract Project — Canyon
<br /> Regional Water Authority), Series 2020A, $34,530,000 Alliance Regional Water Authority
<br /> Contract Revenue Bonds, (Regional Water Supply Contract Project — City of Kyle, Texas),
<br /> Series 2020B, $43,955,000 Alliance Regional Water Authority Contract Revenue Bonds
<br /> (Regional Water Supply Contract Project — City of San Marcos, Texas), Series 2020C and
<br /> $6,225,000 Alliance Regional Water Authority Contract Revenue Bonds, (Regional Water
<br /> Supply Contract Project — City of Buda, Texas), Series 2020D, $14,830,000 Alliance Regional
<br /> Water Authority Contract Revenue Bonds, (Regional Water Supply Contract Project — Canyon
<br /> Regional Water Authority), Series 2022A, $13,520,000 Alliance Regional Water Authority
<br /> Contract Revenue Bonds, (Regional Water Supply Contract Project — City of Kyle, Texas),
<br /> Series 2022B, $17,210,000 Alliance Regional Water Authority Contract Revenue Bonds
<br /> (Regional Water Supply Contract Project — City of San Marcos, Texas), Series 2022C and
<br /> $2,440,000 Alliance Regional Water Authority Contract Revenue Bonds, (Regional Water
<br /> Supply Contract Project—City of Buda, Texas), Series 2022D; and
<br /> WHEREAS, to finance such water projects, the Act also authorizes the Authority acting
<br /> through its Board of Directors (the "Board") to issue (i) bonds, notes and other obligations
<br /> authorized by law, including bond anticipation notes under the Act or Chapter 49 of the Texas
<br /> Water Code and (ii) revenue bonds to finance such water projects, payable solely from the
<br /> revenues derived from payments to be made to the Authority by one or more of the respective
<br /> Sponsors for which a series of bonds are issued, in each case for the purpose of defraying the
<br /> relevant Sponsor's share of the cost of financing, acquiring, and constructing water supply
<br /> facilities including the Phase 1B Improvements Water Supply Project (as hereinafter defined);
<br /> and
<br /> WHEREAS, the Authority expects to issue one series of such bond anticipation notes
<br /> (with a single interest rate) in 2023 for Canyon Regional, Kyle, San Marcos and Buda,
<br /> collectively, to finance their additional shares of the Phase 1B Improvements Water Supply
<br /> Project costs, with such series payable from, and to the extent of, and secured solely by proceeds
<br /> from the sale, issuance and delivery of future Bonds or additional bond anticipation notes; and
<br /> 2
<br /> ARWA\BAN\2023:Authorizing Resolution
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