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<br />15. <br /> <br />NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION <br /> <br />NOTICE IS HEREBY GIVEN that the City Council of the City of San Marcos, Texas (the <br />"City"), at its meeting to commence at 7 :00 P.M. on September 23,2002, at its regular meeting place <br />in the City Hall, 630 East Hopkins, San Marcos, Texas, tentatively proposes to authorize the issuance <br />of interest bearing certificates of obligation of the City in total maximum principal amount not <br />exceeding $1,800,000, for the public purpose of paying contractual obligations to be incurred for <br />purchasing and improving land for park purposes. The City presently proposes to provide for the <br />payment of such certificates of obligation by the levy of ad valorem taxes and a limited pledge of <br />revenues of the City's waterworks and sewer system. <br /> <br />R:\San Marcos\CO. 02\Docs\Intent\Resolution\FinaI. wpd <br />