Item 32: General Obligation Bonds for Public Safety Facilities

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COSM_Admin

Administrator
Staff member
Consider approval of Ordinance 2021-58, on first and final reading, authorizing the issuance of City of San Marcos, Texas General Obligation Bonds, Series 2021 in the amount not to exceed $4,750,000 for (1) constructing, improving, renovating and equipping public safety facilities to include the police and fire departments and related emergency and training facilities and related water, wastewater, drainage, streets, sidewalks, parking, infrastructure and other related costs, and (2) paying the legal fees and other such costs incurred in connection therewith; including the costs of issuing the bonds authorizing the levy of an ad valorem tax in support of the bonds; approving an official statement, a bond purchase agreement, a paying agent/registrar agreement, and other documents related to the issuance of the bonds thereto; providing for adoption of this Ordinance on one reading only in accordance with State Law.
 
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