Ord 2025-013 authorizing the issuance and sale of an approximate amount of $30,450,000.00 of Waterworks and Wastewater System Revenue Bonds, Series 2025, pledging the revenues of the water and wastewater system in support of the bonds

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ORDINANCE NO. [2025-131 FIRST SUPPLEMENTAL ORDINANCE TO THE MASTER ORDINANCE ESTABLISHING THE CITY OF SAN MARCOS, TEXAS WATERWORKS AND WASTEWATER SYSTEM REVENUE FINANCING PROGRAM THE STATE OF TEXAS CITY OF SAN MARCOS WHEREAS, on April 15, 2025, the City Council of the City of San Marcos, Texas (the "City"), adopted a"Master Ordinance Establishing the City of San Marcos,Texas Waterworks and Wastewater System Revenue Financing Program" (referred to herein as the "Master Ordinance"); and WHEREAS,in order to enable the City to provide for the financing of the waterworks and wastewater system projects authorized by Chapter 1502, Texas Government Code, as amended, and any other applicable provisions of State law, the Master Ordinance establishes a revenue financing program pursuant to which the City can issue and enter into obligations,including bonds and other types of obligations, secured by and payable from a pledge of and lien on all or part of the Security, as hereinafter defined; and WHEREAS, for such purposes, the City deems it necessary to issue Parity Debt, as hereinafter defined, pursuant to this "First Supplemental Ordinance to the Master Ordinance establishing the City of San Marcos, Texas Waterworks and Wastewater System Revenue Financing Program" (the "First Supplement"); and WHEREAS, the City further finds and determines that all terms and conditions for the issuance of the bonds herein authorized as Parity Debt have been or can be met and satisfied; and WHEREAS, the bonds authorized to be issued by this First Supplement are to be issued and delivered pursuant to the Enabling Act, as hereinafter defined, and other applicable State laws. NOW THEREFORE, BE IT ORDAINED BY THE CITY OF SAN MARCOS, TEXAS THAT: ARTICLE I BONDS ISSUED UNDER WATERWORKS AND WASTEWATER SYSTEM REVENUE FINANCING PROGRAM Section 1.01. DEFINITIONS. (a) Definitions. The capitalized terms used herein (except in the FORM OF BONDS set forth in Exhibit B hereto) and not otherwise defined shall have the meanings given in the Master Ordinance or in Exhibit A to this First Supplement. The recitals to this First Supplement and the exhibits hereto are incorporated herein and made a part hereof for all purposes. San Marcos I WWSRB 20251111 Supplemental Ordinance