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ORDINANCE NO. 2024-18 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF AN <br /> AMOUNT NOT TO EXCEED $31,100,000 OF COMBINATION TAX AND <br /> REVENUE CERTIFICATES OF OBLIGATION, SERIES 2024, LEVYING <br /> AN AD VALOREM TAX AND PLEDGING CERTAIN SURPLUS <br /> REVENUES IN SUPPORT OF THE CERTIFICATES; APPROVING AN <br /> OFFICIAL STATEMENT, A PAYING AGENT/REGISTRAR <br /> AGREEMENT FOR IMPROVING, CONSTRUCTING, EQUIPPING, <br /> ACQUIRING, OR DESIGNING THE CITY'S: WATER AND WASTE <br /> WATER SYSTEM, INCLUDING TECHNOLOGY IMPROVEMENTS; <br /> STREETS; SIDEWALKS; PUBLIC SAFETY FACILITIES, INCLUDING <br /> FIRE STATION IMPROVEMENTS; STORMWATER MANAGEMENT <br /> FOR FLOOD CONTROL AND DRAINAGE; ELECTRIC UTILITY <br /> SYSTEM; AND THE PAYMENT OF PROFESSIONAL SERVICES IN <br /> CONNECTION THEREWITH INCLUDING LEGAL, FISCAL AND <br /> ENGINEERING FEES AND THE COSTS OF ISSUING THE <br /> CERTIFICATES OF OBLIGATION AND OTHER MATTERS RELATED <br /> THERETO <br /> WHEREAS, the City Council of the City of San Marcos, Texas (the "City") deems it <br /> advisable to issue certificates of obligation in the amount of$31,100,000 (the "Certificates") for <br /> improving, constructing, equipping, acquiring, or designing the city's: (1) water and waste water <br /> system, including technology improvements; (2) streets; (3) sidewalks; (4) public safety <br /> facilities, including fire station improvements; (5) stormwater management for flood control and <br /> drainage; (6) electric utility system; and (7) payment of professional services in connection <br /> therewith including legal, engineering, architectural and fiscal fees and the costs of issuing the <br /> Certificates; and <br /> WHEREAS, the Certificates hereinafter authorized and designated are to be issued and <br /> delivered for cash pursuant to Subchapter C of Chapter 271, Local Government Code and <br /> Chapter 1502, Texas Government Code, as amended; and <br /> WHEREAS, on February 20, 2024 the City Council passed a resolution authorizing and <br /> directing the City Clerk to give notice of intention to issue the Certificates; and <br /> WHEREAS, the notice was published on February 23, 2024 and March 1, 2024 in the <br /> San Marcos Daily Record, a newspaper of general circulation in the City and a "newspaper" as <br /> defined in Section 2051.044, Government Code; and <br /> WHEREAS, the City has not received a valid petition from the qualified voters of the <br /> City protesting the issuance of the Certificates; and <br /> WHEREAS, it is hereby officially found and determined that the meeting at which this <br /> Ordinance was passed was open to the public, and public notice of the time,place and purpose of <br /> the meeting was given, all as required by Chapter 551, Texas Government Code; and <br /> SAN"COS\CTRCO2024: Ordinance <br />