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RESOLUTION NO. 2024-22R <br /> RESOLUTION AUTHORIZING PROCEEDING WITH ISSUANCE OF <br /> CERTIFICATES OF OBLIGATION AND FURTHER DIRECTING THE <br /> PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF SAN <br /> MARCOS, TEXAS COMBINATION TAX AND REVENUE <br /> CERTIFICATES OF OBLIGATION FOR CERTAIN PROJECTS FOR <br /> IMPROVING, CONSTRUCTING, EQUIPPING, ACQUIRING, OR <br /> DESIGNING THE CITY'S: WATER AND WASTE WATER SYSTEM, <br /> INCLUDING TECHNOLOGY IMPROVEMENTS; STREETS; <br /> SIDEWALKS; PUBLIC SAFETY FACILITIES, INCLUDING FIRE <br /> STATION IMPROVEMENTS; STORMWATER MANAGEMENT FOR <br /> FLOOD CONTROL AND DRAINAGE; ELECTRIC UTILITY SYSTEM; <br /> AND THE PAYMENT OF PROFESSIONAL SERVICES IN CONNECTION <br /> THEREWITH INCLUDING FISCAL AND ENGINEERING FEES AND <br /> THE COSTS OF ISSUING THE CERTIFICATES OF OBLIGATION <br /> RELATED THERETO IN AN AMOUNT NOT TO EXCEED $31,100,000 <br /> WHEREAS, this City Council deems it advisable to give notice of intention to issue <br /> certificates of obligation of the City of San Marcos, Texas (the "City"), as hereinafter provided; <br /> and <br /> WHEREAS,prior to the issuance of the Certificates,the City Council is required pursuant <br /> to the provisions of the Certificate of Obligation Act of 1971, Section 271.041 et seq., Local <br /> Government Code, as amended (the "Act"), to publish notice of its intention to issue the <br /> Certificates in a newspaper of general circulation in. the City and continuously on the City's <br /> website, the notice stating: (i) the time and place tentatively set for the passage of the ordinance <br /> authorizing the issuance of the Certificates, (ii) the purpose of the Certificates to be authorized; <br /> and (iii) the manner in which the Certificates will be paid; (iv) the then-current principal of all <br /> outstanding debt obligations of the issuer; (v) the then-current combined principal and interest <br /> required to pay all outstanding debt obligations of the issuer on time and in full; (vi)the maximum <br /> principal amount of the certificates to be authorized; (vii) the estimated combined principal and <br /> interest required to pay the certificates to be authorized on time and in full; (viii) the estimated <br /> interest rate for the certificates to be authorized or that the maximum interest rate for the certificates <br /> may not exceed the maximum legal interest rate; and (ix) the maximum maturity date of the <br /> certificates to be authorized. <br /> WHEREAS, it is officially found and determined that the meeting at which this resolution <br /> has been considered and acted upon was open to the public and public notice of the time, place <br /> and subject of said meeting was given, all as required by Chapter 551, Texas Government Code, <br /> as amended;Now, Therefore <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> S=Mnrcos.CTRCO2024.Intent Resolution <br />