Res 2025-207 approving a resolution by the board of

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WHEREAS, the Bonds are being sold to the Texas Water Development Board and there are no sale and offering documents, as defined in the Contract, to be presented to the City for review and approval; however, a private placement memorandum has been submitted to the City for review and approval; and WHEREAS, it is hereby further officially found and determined that public notice of the time, place, and purpose of this meeting was given, all as required by Texas Government Code, Chapter 551. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. RECITALS. The recitals set forth in the preamble hereof are incorporated herein and shall have the same force and effect as if set forth in this Section. Capitalized terms used herein shall have the meaning assigned in the preamble hereof, the Contract or the Bond Resolution, unless otherwise defined. SECTION 2. BOND RESOLUTION. The Bond Resolution in substantially the form attached hereto as Exhibit "A" is hereby approved with such completions and changes as approved by an Authorized Representative, as provided herein. SECTION 3. CERTIFICATES. The City's Authorized Representative (as defined herein) is hereby authorized to complete and sign the Approval Certificate attached hereto as Exhibit "B" reflecting the final interest rates and terms of the Bonds. The Mayor, City Clerk, City Manager and any Assistant City Manager, as an Authorized Representative, are each authorized to sign all certificates and are hereby authorized and directed to do any and all things necessary and/or convenient to carry out the terms of this Resolution and the issuance of the Bonds as requested by the City. SECTION 4. ANNUAL AUDIT. Within 180 days after the City's fiscal year end, the City shall provide the Authority a copy of its annual audit. SECTION 5. IMMEDIATE EFFECT. This Resolution shall take effect immediately from and after its adoption in accordance with the law. For avoidance of doubt, the approval of this Resolution and the completion and execution of the Approval Certificate by the Authorized Representative (as set forth more fully hereinabove), complies with and effectuates the City's approval rights under Section 3.1(c) of the Contract without the need for further action by the City Council. ARWA I San Marcos 2025C I Res Approving Res