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Res 2025-028 authorizing certificates of oblgation for certain projects for the city's : airport, cemetery, parks and recreation facilities, streets, alleys and sidewalks in an amount not to exceed $47,805,000.
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Res 2025-028 authorizing certificates of oblgation for certain projects for the city's : airport, cemetery, parks and recreation facilities, streets, alleys and sidewalks in an amount not to exceed $47,805,000.
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2/23/2025 9:29:10 PM
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2/23/2025 9:12:23 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Certificates of Obligation
Number
2025-028
Date
2/18/2025
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Section 1. Form of Notice. Attached hereto is a form of "Notice of Intention to Issue <br /> Certificates of Obligation" the form and substance of which is hereby adopted and approved. <br /> Section 2. Publication of Notice. Said Notice shall be published, in substantially the form <br /> attached hereto,in a newspaper,as defined in Texas Government Code Ann. §2051.044,of general <br /> 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 /> SanMarcosCTRCO2025.Intent ResolutionA <br />
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