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89 RESOLUTION 1984-12R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS ADOPTING A WATER AND WASTEWATER SYSTEM FINANCIAL PLAN, INCLUDING GOALS, OBJECTIVES, AND POLICIES TO GUIDE THE FUTURE DEVELOPMENT OF THE WATER AND WASTEWATER SYSTEM OF SAN MARCOS AND DECLARING AN EFFECTIVE DATE. WHEREAS, on May 9, 1983, the City of San Marcos adopted a Master Plan to guide the City staff, City board s, city commissions and the City Council in addressing the future growth of the City; and, WHEREAS, a Master Plan includes basic goals, objectives, and policies that have provided the framework for establishing the Utility Capital Improvements Plan; and, WHEREAS, the utility Capital Improvements Plan is now being implemented with a recent sale of 1.5 million dollars of certificates of obligation for sewerage plant improvements, the proposed sale of 5.8 million dollars of certificates of obligation for wastewater plant and collection system improvements, and the proposed bond election to consider 6.2 million dollars for revenue bonds for further water and wastewater improvements; and, WHE REAS, it is necessary for the sound growth and development of the City to plan for specific rate increases over the next several years to meet increasing debt requirements; and, WHEREAS, it is necessary, in light of the proposed and projected debt requirements to publicly state the city's goals, objectives, and policies concerning water distribution, wastewater collection, fiscal management, and capital improvements in order to properly inform the citizens of San Marcos about these matters; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART I. That the goals, objectives, and policies for the water distribution system as stated in the attached Water and Wastewater System Financial Plan, marked Exhibit A, are hereby adopted. PART 2. That the goals, objectives, and policies for the wastewater collection system as stated in the attached Wastewater Collection System Financial Plan, marked Exhibit A, are hereby adopted. PART 3. That the goals, objectives, and polices for fiscal management as stated in the attached Draft Wastewater Collection System Financial Plan, marked Exhibit A, are hereby adopted. PART 4. That the capital improvement project descriptions found in the Draft Water and Wastewater Collection System Financial Plan, attached hereto as Exhibit A, are hereby tentatively adopted as goals and objectives for the City. PART 5. That this Resolution shall become effective immediately from and after its passage. ADOPTED this 5 day of b' 1984. .æ Emmie Craddock ~ Mayor s K. Womack City Secretary