Res 2013-031/Directing Publication of Notice of Intention to Issue Certificates of Obligation

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NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of San Marcos, Texas (the "City "), at its meeting to commence at 7:00 P.M. on April 2, 2013, at its regular meeting place in the City Hall, 630 East Hopkins, San Marcos, Texas, tentatively proposes to authorize the issuance of one or more series of interest bearing certificates of obligation of the City, in the total aggregate principal amount not to exceed $18,000,000 for the public purpose of paying contractual obligations incurred or to be incurred for: (f) improving and upgrading the City airport including reconditioning the runway and acquisition of land; (2) designing and improving the existing City animal shelter; (3) acquisition and installation of energy efficiency improvements for City facilities; (4) constructing and improving the City's drainage facilities; (5) constructing and improving the City's electric system including replacement and upgrade of substation power transformer T -1; (6) upgrading technology for City facilities; (7) engineering, architecture and other related costs for future capital improvement planning; (8) acquisition of public safety equipment and fire trucks; (9) constructing, improving, extending, expanding, upgrading and developing City streets, bridges, sidewalks, intersections and related traffic improvements including purchasing any necessary rights - of -way, equipment, pedestrian and bike routes, traffic signalization, updating traffic master plan and implementing railroad quiet zones; (10) acquiring property for transit stop; (11) constructing, improving and extending the City's water and waste water system; and (12) the payment of professional services in connection therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of obligation. The City presently proposes to provide for the payment of the certificates of obligation by the levy of ad valorem taxes, within the limits prescribed by law. The certificates of obligation will be additionally payable from a limited pledge of surplus revenues of the City's water and waste water system not to exceed $1,000. SanMarcos.I (.Intent Resolution