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<br />I <br /> <br />I <br /> <br />I <br /> <br />RESOLUTION 2006-151 R <br />A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, POSTPONING THE ISSUANCE OF CERTIFICATES OF OBLIGATION <br /> <br />WHEREAS, by resolution adopted on August 15,2006, this City Council directed publication of <br />notice of its intention to issue one or more series of certificates of obligation of the City of San Marcos, <br />Texas (the "City"), not to exceed $23,000,000 in principal amount for the purpose of paying contractual <br />obligations to be incurred for the public purpose of paying contractual obligations incurred or to be <br />mcurred for: (1) constructing, acquiring and eqUIpping a conference center facility and related <br />improvements including parking facilities and utility and infrastructure improvements to be located <br />in the vicinity of the northeast side of the intersectIOn of McCarty Lane and IH-35; (2) capitalizing <br />mterest on the certificates of obligation and (3) the payment of professional services in connection <br />therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of <br />obligation (the "Certificates"), at its meeting to commence at 7:00 P.M. on September 19, 2006; <br /> <br />WHEREAS, thIS CIty Council finds and determines that it IS necessary and proper to postpone the <br />date and time at which It proposes to issue such certificates of obligatIon; and <br /> <br />WHEREAS, it is officially found and determined that the meetIng at which this resolution has been <br />considered and acted upon was open to the pubhc and public notice of the time, place and subject of said <br />meeting was gIven, all as reqmred by Tex. Gov't Code Ann. ch 551; Now, Therefore <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> <br />Section 1. The statements contained In the preamble ofthis resolution are true and correct and <br />are adopted as findings of fact and operatIve provisions hereof. <br /> <br />SectIOn 2. The date and time at which this City Council proposes to authorize the issuance of <br />the Certificates is hereby postponed to its meeting to commence at 7:00 P.M. on October 17,2006, at its <br />regular meeting place In the City Hall, 630 East Hopkins, San Marcos, Texas. <br /> <br />PASSED, APPROVED AND EFFECTIVE this September 19,2006. <br /> <br />ATTEST: <br /> <br />~ . <br /> <br />Mayor, CIty orSan i~ <br /> <br /> <br />[CITY SEAL] <br /> <br />San Marcos 06A - Resulutiun . 2'~1 RescheJuling Issuance <br />