City of San Marcos - File #: Ord. 2020-45

• File #: Ord. 2020-45
• Version: 1
• Type: Ordinance
• Status: Individual Consideration
• File created: 5/26/2020
• In control: City Council
• On agenda: 6/2/2020
• Title: Consider approval of Ordinance 2020-45, on first and final reading, authorizing the issuance of the City of San Marcos, Texas Special Assessment Revenue Bonds, Series 2020 (Whisper Public Improvement District)"; approving and authorizing an indenture of trust, a bond purchase agreement, an offering memorandum, a continuing disclosure agreement, a landowner agreement and other agreements and documents in connection therewith; making findings with respect to the issuance of such bonds; providing for approval of this Ordinance on only one reading as authorized by Texas Government Code, Section 1201.028; and providing an effective date.

Date	Ver.	Action By	Action	Result
6/2/2020	1	City Council

AGENDA CAPTION:
Title
Consider approval of Ordinance 2020-45, on first and final reading, authorizing the issuance of the City of San Marcos, Texas Special Assessment Revenue Bonds, Series 2020 (Whisper Public Improvement District)"; approving and authorizing an indenture of trust, a bond purchase agreement, an offering memorandum, a continuing disclosure agreement, a landowner agreement and other agreements and documents in connection therewith; making findings with respect to the issuance of such bonds; providing for approval of this Ordinance on only one reading as authorized by Texas Government Code, Section 1201.028; and providing an effective date.

Body
Meeting date: June 2, 2020

Department: Finance

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Fiscal Note:
Prior Council Action: October 2014 - Council approved term sheet, December 2015 - Term sheet amendment #1 extending date for submission of design plans to June 2016, September 2017 - Term sheet amendment #2 extending date for construction completion to September 2018 and increase of maximum annual assessment, January 2019 - Term sheet amendment #3 extending date for construction completion to May 2019 and create traffic impact analysis criteria, April 2020 - Term sheet amendment #4 referring all terms to the Amended and Restated Financing Agreement upon completion, May 2020 - Public hearing and PID assessments approved, issuance of PLOM Preliminary Limited Offering Memorandum was approved.

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