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PART 1. The City Council, as the elected legislative body having jurisdiction over <br /> the area in which the Project to be refinanced is located, hereby approves the proposed reissuance <br /> of the Bonds pursuant to the Plan of Finance by the Issuer to refinance the acquisition,construction <br /> and equipping of the Project, in an amount not to exceed$25,550,000. <br /> PART 2. The foregoing approval shall be solely for the purposes of Section 147(f)of <br /> the Code and for no other purpose. The City of San Marcos, Texas shall have no liability, <br /> indebtedness or obligation for payment of the Bonds, nor shall any of the City's assets be pledged <br /> to the payment of the Bonds. The foregoing approval is not to be construed as (i)a representation <br /> or warranty by the City that the Bonds will be paid or that any obligations assumed by any of the <br /> parties will, in fact, be performed, or (ii) as a pledge of the faith and credit of or by the City. <br /> Further, the fact that the City has approved the Bonds as required by the Code may not, in any <br /> event, be used as a sales device with respect to the Bonds. <br /> PART 3. This resolution shall take effect immediately from and after its passage. <br /> ADOPTED on October 2, 2024. <br /> M5 AN) <br /> Jane ghson <br /> Mayor <br /> Attest: <br /> �, <br /> City Clerk <br /> 2 <br /> 2027303 80.2/1001032496 <br />