Ord 2013-020/Combination of Tax and Revenue Certificates of Obligation in an amount not to exceed $13,500,000

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ORDINANCE NO. 2013 -20 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUANCE OF ONE OR MORE SERIES 2013 CITY OF SAN MARCOS, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION IN AN AMOUNT NOT TO EXCEED $13,500,000 TO PROVIDE FUNDING FOR SAN MARCOS MUNICIPAL AIRPORT IMPROVEMENTS, ENERGY COST REDUCTION MEASURES IN CITY FACILITIES, DESIGN AND CONSTRUCTION OF IMPROVEMENTS TO CITY BUILDINGS, DRAINAGE SYSTEM, WATER AND WASTEWATER SYSTEMS, UPGRADES TO CITY FIBER OPTIC NETWORK, PURCHASE OF FIRE AND POLICE DEPARTMENT EQUIPMENT AND SOFTWARE, TRAFFIC SIGNALIZATION, UPDATES TO THE CITY TRANSPORTATION PLAN, IMPLEMENTATION OF RAILROAD QUIET ZONES, ACQUISITION OF PROPERTY FOR A TRANSIT STOP FOR BUS AND RAIL SERVICE; APPROVING AN OFFICIAL STATEMENT; PURCHASE AGREEMENT AND PAYING AGENT /REGISTRAR AGREEMENT; ESTABLISHING THE PROCEDURES FOR SELLING AND DELIVERING ONE OR MORE SERIES OF THE CERTIFICATES; PROVIDING FOR ADOPTION OF THIS ORDINANCE ON ONE READING ONLY IN ACCORDANCE WITH STATE LAW; AND AUTHORIZING OTHER MATTERS RELATING TO THE CERTIFICATES WHEREAS, the City Council (the "City Council ") of the City of San Marcos, Texas (the "City "), by resolution adopted on February 19, 2013, directed publication of notice of the City's intention to issue interest bearing certificates of obligation in a total aggregate principal amount not to exceed $18,000,000 for the purposes hereinafter set forth; WHEREAS, such notice was published in the manner and to the extent required by law; WHEREAS, there has not been filed with the City Clerk or any other officer of the City a petition protesting the issuance of such certificates of obligation and requesting an election on same; WHEREAS, the City is a home -rule municipality with a population in excess of 50,000 with over $100 million in long -term indebtedness that is rated by a nationally recognized rating agency for municipal securities in one of four highest rating categories for long -term indebtedness; WHEREAS, it is affirmatively found and determined that the City is authorized to proceed with the issuance of such certificates of obligation as authorized by the Constitution and laws of the State of Texas, including, particularly, Chapter 271, subch. C, Texas Local Government Code and Chapters 1371 and 1502, Texas Government Code; WHEREAS, it is officially found, determined and declared that the meeting at which this Ordinance has been adopted was open to the public and public notice of the date, hour, place and subject of said meeting, including this Ordinance, was given, all as required by the applicable provisions of Tex. Gov't Code Ann. Ch. 551; Now, Therefore San Marcos CTRCO 2013: Ordinance