Res 2019-203/by the Board of Directors of the Alliance Regional Water Authority authorizing the issuance of Alliance Regional Water Authority Contract Revenue Bonds (Regional Water Supply Contract Project – City of San Marcos, Texas), Series 2019C; and r

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RESOLUTION NO. 2019-203R CONSIDERATION AND POSSIBLE ACTION REGARDING A RESOLUTION APPROVING A RESOLUTION BY THE BOARD OF DIRECTORS OF THE ALLIANCE REGIONAL WATER AUTHORITY AUTHORIZING THE ISSUANCE OF ALLIANCE REGIONAL WATER AUTHORITY CONTRACT REVENUE BONDS (REGIONAL WATER SUPPLY CONTRACT PROJECT -CITY OF SAN MARCOS, TEXAS), SERIES 2019C FOR PHASE 1B IMPROVEMENTS IN THE AMOUNT OF $30,800,000 AND APPROVING OTHER RELATED MATTERS CITY OF SAN MARCOS COUNTIES OF HAYS, CALDWELL AND GUADALUPE STATE OF TEXAS WHEREAS, the City of San Marcos, Texas (the "City") is a sponsor of the Alliance Regional Water Authority (the "Authority"); and WHEREAS, the City has approved and executed the Regional Water Supply Contract dated and effective January 15, 2008 for the financing, construction and operation of the Authority Regional Water Supply Project as amended by the First Amendment to the Contract (collectively, the "Contract"); and WHEREAS, any capitalized terms not otherwise defined herein shall have the meaning given in the Contract; and WHEREAS, the City has previously requested the Authority issue a separate series of contract revenue bonds for the City in an amount not to exceed $30,800,000 entitled "Alliance Regional Water Authority Contract Revenue Bonds (Regional Water Supply Contract Project — City of San Marcos, Texas), Series 2019C" (the "Bonds") to finance the City's contribution to the design, construction and equipment of the Phase 1B Improvements of the Authority Water Supply Project pursuant to the Contract which Bonds are payable from the Bond Payments to be made to the Authority under and pursuant to the Contract; and WHEREAS, pursuant to Section 3.1(c) of the Contract, prior to adoption of a bond resolution for the City by the Authority's Board of Directors, a substantially final copy of the Bond Resolution for the City and the sale and offering documents, if any, shall be presented to the City for review and approval; and WHEREAS, a substantially final copy of the Authority's Bond Resolution, both as defined in the Contract, authorizing the Bonds for the City's share of the Phase 1B Improvements of the Authority Water Supply Project has been presented to the City for review and approval; and WHEREAS, the Bonds are being sold to the Texas Water Development Board and there are no sale and offering documents, as defined in the Contract, to be presented to the City for review and approval; however, a private placement memorandum has been submitted to the City for review and approval; and AWRA\2019C: ResApprovingResSanMarcos