NOTICE IS HEREBY GIVEN that the City Council of the City of Beeville, Texas will convene
at its regular meeting place in the City Council Chambers, City Hall at 400 N. Washington St., Beeville,
Texas 78102 at 6:00 P.M., Beeville, Texas time, on July 25, 2023 (in the event the City Council will be
unable to meet at the City Council Chambers, City Hall, the City will post information on its website for
attending the meeting by telephone, teleconference, or other electronic means as well as any additional
information regarding the meeting should the time, date, or location change), and during such meeting,
the City Council will consider the passage of a Resolution and take such actions as may be deemed
necessary to authorize the issuance of one or more series of certificates of obligation (the interest on
which may or may not be included in the gross income of the holders thereof for purposes of federal
income taxation) in an aggregate principal amount not to exceed $17,500,000 for the purpose or
purposes of paying contractual obligations of the City to be incurred for making permanent public
improvements and for other public purposes, to wit: (1) designing, constructing, acquiring, purchasing,
renovating, enlarging, and improving the City’s waterworks and sewer utility system, (2) designing,
constructing, acquiring, purchasing, renovating, enlarging, and improving City public works,
administration, and safety facilities, including improvements to City Hall and the Police Station, (3)
purchasing public works, public safety, and administration-related vehicles, (4) purchasing real
property, materials, supplies, equipment, information technology, machinery, landscaping, land, and
rights of way for authorized needs and purposes related to the aforementioned capital improvements
(such capital projects identified in (1) through (4), the Projects), and (5) paying all or a portion of the
legal, financial and engineering fees in connection with the Projects and the costs of issuance related to
such hereinafter defined Certificates. Each series of certificates (together, the Certificates) will be
payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all
taxable property within the City and, additionally, from a pledge of and lien on certain revenues derived
from the operation of the City’s municipally owned waterworks and sewer utility system. In accordance
with Section 271.049, as amended, Texas Local Government Code, (i) the current principal amount of
all of the City’s outstanding public securities secured by and payable from ad valorem taxes is
$16,447,000; (ii) the current combined principal and interest required to pay all of the City’s outstanding
public securities secured by and payable from ad valorem taxes on time and in full is $19,792,401; (iii)
the estimated combined principal and interest required to pay the Certificates to be authorized on time
and in full is $29,644,306; (iv) the maximum interest rate for the Certificates may not exceed the
maximum legal interest rate; and (v) the maximum maturity date of the Certificates to be authorized is
August 15, 2048. The Certificates are to be issued, and this notice is given, under and pursuant to the
provisions of the Certificate of Obligation Act of 1971, as amended, Texas Local Government Code
Section 271.041 through Section 271.064, and Chapter 1502, Texas Government Code, as amended, and
the City’s Home Rule Charter.