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RESOLUTION NO.2026-32R <br />RESOLUTION AUTHORIZING PROCEEDING WITH ISSUANCE OF <br />CERTIFICATES OF OBLIGATION AND FURTHER DIRECTING THE <br />PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF SAN <br />MARCOS, TEXAS COMBINATION TAX AND REVENUE <br />CERTIFICATES OF OBLIGATION FOR CERTAIN PROJECTS FOR <br />IMPROVING, CONSTRUCTING, EQUIPPING, ACQUIRING, OR <br />DESIGNING THE CITY'S: AIRPORT, PARKS AND RECREATION <br />FACILITIES, STREETS, ALLEYS, AND SIDEWALKS, PUBLIC SAFETY <br />FACILITES; STORMWATER MANAGEMENT FOR FLOOD CONTROL <br />AND DRAINAGE; TECHNOLOGY INFRASTRUCTURE AND <br />FACILITIES; ELECTRIC UTILITY SYSTEM; AND THE PAYMENT OF <br />PROFESSIONAL SERVICES IN CONNECTION THEREWITH <br />INCLUDING FISCAL AND ENGINEERING FEES AND THE COSTS OF <br />ISSUING THE CERTIFICATES OF OBLIGATION RELATED THERETO <br />IN AN AMOUNT NOT TO EXCEED $15,255,000. <br />WHEREAS, this City Council deems it advisable to give notice of intention to issue <br />certificates of obligation of the City of San Marcos, Texas (the "City"), as hereinafter provided; <br />and <br />WHEREAS, prior to the issuance of the Certificates, the City Council is required pursuant <br />to the provisions of the Certificate of Obligation Act of 1971, Section 271.041 et seq., Local <br />Government Code, as amended (the "Act"), to publish notice of its intention to issue the <br />Certificates in a newspaper of general circulation in the City and continuously on the City's <br />website, the notice stating: (i) the time and place tentatively set for the passage of the ordinance <br />authorizing the issuance of the Certificates, (ii) the purpose of the Certificates to be authorized; <br />and (iii) the manner in which the Certificates will be paid; (iv) the then -current principal of all <br />outstanding debt obligations of the issuer; (v) the then -current combined principal and interest <br />required to pay all outstanding debt obligations of the issuer on time and in full; (vi) the maximum <br />principal amount of the certificates to be authorized; (vii) the estimated combined principal and <br />interest required to pay the certificates to be authorized on time and in full; (viii) the estimated <br />interest rate for the certificates to be authorized or that the maximum interest rate for the certificates <br />may not exceed the maximum legal interest rate; and (ix) the maximum maturity date of the <br />certificates to be authorized. <br />WHEREAS, it is officially found and determined that the meeting at which this resolution <br />has been considered and acted upon was open to the public and public notice of the time, place <br />and subject of said meeting was given, all as required by Chapter 551, Texas Government Code, <br />as amended; Now, Therefore <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br />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 />San Marcos I CO 2026 1 NoI Resolution <br />