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RESOLUTION NO. 2020-97R <br /> RESOLUTION DELAYING ACTION ON AN ORDINANCE AUTHORIZING THE <br /> ISSUANCE OF CITY OF SAN MARCOS, TEXAS COMBINATION TAX AND <br /> LIMITED REVENUE CERTIFICATES OF OBLIGATION IN AN AMOUNT NOT TO <br /> EXCEED $50,500,000; <br /> AND OTHER MATTERS RELATED THERETO <br /> THE STATE OF TEXAS ' <br /> CITY OF SAN MARCOS ' <br /> COUNTY OF HAYS, CALDWELL & GUADALUPE ' <br /> WHEREAS, on March 17, 2020, the City Council of the City of San Marcos, Texas (the <br /> "City") passed a resolution authorizing the publication of a notice of intent (the "Notice <br /> Resolution") to issue City of San Marcos, Texas Combination Tax and Limited Revenue <br /> Certificates of Obligation in a maximum principal amount not to exceed $50,500,000 (the <br /> "Certificates"); and <br /> WHEREAS, the Notice Resolution stated that the City Council tentatively proposed to <br /> authorize the issuance of the Certificates and to hold a public hearing on the Certificates at its <br /> regular meeting of the City Council to commence at 6:00 p.m. on May 5, 2020; and <br /> WHEREAS,upon the advice of the City's staff,the City finds it necessary to delay action <br /> on the ordinance authorizing the issuance of the Certificates until a regular meeting of the City <br /> Council to commence at 6:00 p.m. on May 19, 2020. <br /> NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS THAT: <br /> Section 1. Delaying Action. The City hereby delays action on the ordinance <br /> authorizing the issuance of the Certificates and the public hearing on the Certificates until a regular <br /> meeting of the City Council to commence at 6:00 p.m. on May 19, 2020 at its regular meeting <br /> place in the City Hall, 630 East Hopkins, San Marcos, Texas. <br /> Section 2. Other Matters. This Resolution shall become effective immediately upon <br /> adoption. The Mayor and City Secretary are hereby authorized and directed to execute the <br /> certificate to which this Resolution is attached on behalf of the City and to do any and all things <br /> proper and necessary to carry out the intent of this Resolution. <br /> San Marcos CO:Delay Resolution <br />