File #: Ord. 2021-97    Version: 1 Name:
Type: Ordinance Status: Individual Consideration
File created: 11/17/2021 In control: City Council
On agenda: 12/15/2021 Final action:
Title: Consider approval of Ordinance 2021-97, authorizing the Issuance of the "City Of San Marcos, Texas Special Assessment Revenue Bonds, Series 2022 (Whisper South Public Improvement District Project)"; Approving and Authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a Continuing Disclosure Agreement, a Landowner Agreement, an Agreement Regarding Waiver of Right of Redemption and Waiver of Agricultural Valuation, Financing Agreement, Construction, Funding and Acquisition Agreement and Other Agreements and Documents in Connection Therewith; Making Findings with Respect to the Issuance of Such Bonds; and Providing for approval of this Ordinance on only one reading as authorized by State Law; and providing an Effective Date.
Attachments: 1. Bond Ordinance 12.06.pdf, 2. Bond Ordinance Exhibit A - Trust Indenture 12.06.pdf, 3. Bond Ordinance Exhibit B -- San Marcos Whisper SOUTH PID - S2021 BPA 4143-8541-7266 2, 4. Bond Ordinance Exhibit C -- Landowner Agreement chs 120721, 5. Bond Ordinance Exhibit D -- San Marcos, Whisper South PID IA #1-3 S2021 - Issuer CDA 4143-8379-2945 4, 6. Bond Ordinance Exhibit E -- Redemption and Waiver of Ag Valuation chs 101821 (clean) 102821, 7. Bond Ordinance Exhibit F -- Whisper South Financing Agreement MH clean 120721, 8. Bond Ordinance Exhibit G -- Construction Funding and Acquisition Agreement 120721 v2
AGENDA CAPTION:
Title
Consider approval of Ordinance 2021-97, authorizing the Issuance of the "City Of San Marcos, Texas Special Assessment Revenue Bonds, Series 2022 (Whisper South Public Improvement District Project)"; Approving and Authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a Continuing Disclosure Agreement, a Landowner Agreement, an Agreement Regarding Waiver of Right of Redemption and Waiver of Agricultural Valuation, Financing Agreement, Construction, Funding and Acquisition Agreement and Other Agreements and Documents in Connection Therewith; Making Findings with Respect to the Issuance of Such Bonds; and Providing for approval of this Ordinance on only one reading as authorized by State Law; and providing an Effective Date.
Body
Meeting date: December 15, 2021

Department: Finance, Marie Kalka, Finance Director

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Fiscal Note:
Prior Council Action: December 2020 - Council appointed committee to negotiate the terms; May 2021 Term Sheet approved; August 2021, Council approved the development agreement and annexation; December 2021, Council approved the PLOM.


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