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<br />59
<br />
<br />OFFICIAL BID FORM
<br />
<br />Honorable ~!ayor and City Council
<br />City of San Marcos, Texas
<br />
<br />November I/¡., 1988
<br />
<br />Council members:
<br />
<br />Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated
<br />October 10, 1988, of $2,660,000 CITY OF SAN MARCOS, TEXAS WATERWORKS AND SEWER SYSTEM
<br />REVENUE BONDS, SERIES 1983A, both of which constitute a part hereof.
<br />
<br />For your legally issued Bonds, as described i~ said Notice of Sale and Bidding Instruc~ions and Official
<br />Statement we will pay you par and accrued Interest from date of Issue to date of delivery to us, plus a
<br />cash premium of $ .... D - for Bonds maturing and bearing interest as follows:
<br />
<br /> Principal Interest Principal Interest
<br />Maturity Amount Rate Maturity Amount Rate
<br />1-1-1990 $ 10,000 1: 8° % 1-1-1998 $120,000 '.80 %
<br />1-1-1991 /¡..5,000 ~% 1-1-1999 130,000 ~%
<br />1-1-1992 6.5,000 ~% 1-1-2000 1/j5,00O ,. %
<br />1-1-1993 70,000 ~% 1-1-2001 165 ,000 ~%
<br />I -1-I99/j 9.5,000 '~ 1-1-2002 195,000 7./ 0 %
<br />I-I -199.5 lOO'OO° :Hf 1-1-2003 200,000 ~%
<br />l-i-1996 lOO,OOO . 0% l-1-2001¡. 350,000 ~%
<br />1-1-1997 120,000 . 0% 1-1-200.5 750,000 7,oP %
<br />
<br />Our calculation (which is not a part of this bid) of the interest cost from the above is:
<br />
<br />Total Interest Cost
<br />Less Premium
<br />NET INTEREST COST
<br />EFFECTIVE INTEREST RATE
<br />
<br />$
<br />$
<br />
<br />~ '3S"~ /~~~
<br />"1. fJd! A ~ fi-
<br />
<br />We are having the Bonds of the foHowing maturities
<br />at a premium of $
<br />the Purchaser to rating agencies).
<br />
<br />insured by
<br />(excluding any fees to be paid by
<br />
<br />The Initial Bond shall be registered in the name of . We will advise
<br />\Is. Marcia Southworth, Trust Division, First City National Bank of Austin, P. O. Box 2127, Austin, Texas
<br />78763 (512 /j73-432J), the Paying Agent/Registrar, our registration instructions at least five business days
<br />prior to the date set for Initial Delivery.
<br />
<br />A Cashier's Check of the Bank, , in the amount
<br />of $53,200.00 which represents our Good Faith Deposit (is attached hereto) or (has been made available to
<br />you prior to the opening of this bid), and is submitted in accordance with the terms as set forth in the
<br />Official Statement and Notice of Sale and Bidding Instructions.
<br />
<br />We agree to accept delivery of and make payment for the Bonds in immediately available fu:1ds in the
<br />Trust Division, First City National Bank of Austin, Austin, Texas, not later than 10:00 AM, CST, on
<br />January 5, 1989, or thereafter on the date the Bonds are tendered for celi'lery, pursuant to the terms set
<br />forth in the Notice of Sale and Bidding Instructions.
<br />
<br />The undersigned agrees to complete, execute, and deliver to the City, at least six business days prior to
<br />delivery of the Bonds, a certificate relating to the "issue price" of the Bonds in the form and to the effect
<br />accompanying the Notice of Sale and Bidding Instructions, with such chanbes thereto as may be
<br />acceptable to the City.
<br />
<br />Respectfully subm itted,
<br />
<br />
<br />ACCEPTANCE CLAUSE
<br />
<br />The above and foregoing bid is hereby in all things ac
<br />14th day of November, 1983.
<br />
<br />
<br />this the
<br />..
<br />
<br />:z!Jl . ~ v!
<br />'~'" ~<h
<br />tity Se retary
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