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<br />CERTIFICATE OF APPROVAL <br />for Issuance of Multifamily Residential Rental Project <br />Revenue Bonds <br /> <br />I, J.E. Younger, Mayor of the City of San Marcos, <br />Hays County, Texas, make this certificate solely to satisfy <br />the requirements of section 147(f) of the Internal Revenue <br />Code of 1986, as amended, with respect to the proposed <br />issuance of revenue bonds by the Capital Area Housing Finance <br />Corporation to finance the multifamily residential rental <br />project identified below and more particularly described in <br />the attached Notice of Public Hearing. <br /> <br />Based on the information contained in the project's <br />application for financing submitted to the Capital Area <br />Housing Finance Corporation, I approve the issuance of <br />revenue bonds in the amount shown: <br /> <br />$8,000,000 for the Hickory Creek Apartments, <br />Shepherd Enterprises, Inc. (W.J. Shepherd, Jr.), <br />Applicant. <br /> <br />This approval is not: (1) a warranty by the City of San <br />Marcos, Texas, the Mayor of San Marcos, the State of Texas, <br />or by any agency, political subdivision, or instrumentality of <br />the State of Texas that the bonds will be paid or that any of <br />the obligations assumed in connection with issuance of the <br />bonds will in fact be performed; (2) a pledge of the faith <br />and credit of the City of San Marcos, Texas, the ~tate of <br />Texas, or of any agency, political subdivision, or instrumen- <br />tality of the State of Texas; or (3) a warranty of the <br />validity of the corporate existence of the bond issuer or of <br />the bonds themselves. <br /> <br />IN WITNESS WHEREOF, I have officially signed my name <br />and caused the seal of my office to be impressed hereon in <br />San Marcos, Hays County, Texas, on this 9th <br />day of June , 19~ <br /> <br /> <br />~~~unger <br /> <br /> <br />Mayor, City of San ~arcos <br />Texas <br /> <br />[Seal] <br />