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ORDINANCE NO. 2024-38 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING THE 2024 ANNUAL SERVICE PLAN <br /> UPDATE FOR THE TRACE PUBLIC IMPROVEMENT DISTRICT; <br /> AUTHORIZING THE CITY MANAGER, OR HER DESIGNEE, TO <br /> EXECUTE SAID DOCUMENT ON BEHALF OF THE CITY; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The City Council of the City of San Marcos ("City Council") adopted Resolution <br /> No.2015-145 creating the Trace Public Improvement District on October 20, 2015; <br /> 2. The City Council adopted Resolution No. 2015-146 approving a Financing <br /> Agreement, Service and Assessment Plan and Reimbursement Agreement relating to the Trace <br /> Public Information District on October 20,2015; <br /> 3. The City Council adopted Ordinance No. 2016-42 approving the first Special <br /> Assessment on October 18, 2016; and <br /> 4. The City Council's last update for the Service and Assessment Plan was approved on <br /> October 17, 2023. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached 2024 Annual Service Plan Update for the Trace Public <br /> Improvement District(the "Service Plan Update") is hereby approved. <br /> PART 2. The City Manager, or designee, is authorized to execute the Service Plan <br /> Update on behalf of the City. <br /> PART 3. This ordinance shall be effective upon its adoption on second reading. <br /> PASSED AND APPOVED on first reading on August 20, 2024. <br /> PASSED,APPROVED AND ADOPTED on second reading on September 3, 2024. <br /> 4ane Hughson <br /> Mayor <br /> Attest: Approved: <br /> Elizabeth Trevino Samuel J. guirre <br /> City Clerk City Attorney <br />