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Res 2025-029 authorizing proceeding with issuance of cerficates of obligation and further directing the publication of notice of intention to issue city of San Marcos, TX combination tax and revenue.
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Res 2025-029 authorizing proceeding with issuance of cerficates of obligation and further directing the publication of notice of intention to issue city of San Marcos, TX combination tax and revenue.
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2/23/2025 8:41:15 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Certificates of Obligation
Number
2025-029
Date
2/18/2025
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circulation in the area of said City, once a week for two consecutive weeks, the date of the first <br /> publication thereof to be at least 46 days before the date tentatively set for passage of the ordinance <br /> authorizing the issuance of the Certificates. <br /> Section 3. City Website Posting of Notice. Further, said notice shall be continuously <br /> published in substantially the form attached hereto on the City's website for at least 45 days before <br /> the date tentatively set for passage of the ordinance authorizing the issuance of the Certificates. <br /> Section 4. Effective Date. This Resolution shall become effective immediately upon <br /> adoption. The Mayor and City Clerk are hereby authorized and directed to execute this Resolution <br /> on behalf of the City and to do any and all things proper and necessary to carry out the intent of <br /> this Resolution. <br /> Section 5. Attorney General Fee. The City Council hereby authorizes the disbursement of <br /> a fee equal to the lesser of(i) one-tenth of one percent of the principal amount of each series of <br /> obligations being issued or(ii) $9,500 for each series,provided that such fee shall not be less than <br /> $750, to the Attorney General of Texas Public Finance Division for payment of the examination <br /> fee charged by the State of Texas for the Attorney General's review and approval of public <br /> securities and credit agreements, as required by Section 1202.004 of the Texas Government Code. <br /> The appropriate member of the City's staff is hereby instructed to take the necessary measures to <br /> make this payment. The City is also authorized to reimburse the appropriate City funds for such <br /> payment from proceeds of the debt. <br /> [Execution Page Follows] <br /> SmMarcosCTRCO2025.1ntent ResolutionB <br />
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