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OFFICIAL BID FORM Honorable Mayor and City Council May 13,1985 City of San Marcos San Marcos, Texas ~ayor and Members of the City CounciT: Reference is made to your OfficiaT Statement and Notice of Sale and Bidding Instructions, dated April 8,1985, of 53,020,000 CITY OF SAN MARCOS, TEXAS GENERAL OBLIGATION TAX BONDS, SERIES 1985, both of which constitute a part hereof. For your legally issued bonds, as described in said Notice of Sale and Bidding Instructions and Official Statement, we will pay you. par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ for Bonds maturing and bearing interest as foJJows: Interest Interest Interest Maturity Rate Maturi,ty Rate Maturity Rate 8-1-1986 % 8-1-1992 % 8-1-1998 ~ 8-1-1987 % 8-1-1993 % 8-1-1999 ~ 8-1-1988 % 8-1-1994 % 8-1'2ØQ~ % 8-1-1989 % 8-1-1995 % 8-1-2001 ------% 8-1-1990 % 8-1-1996 % 8-1-2002 ~ 8-1-1991 % 8-1-1997 % 8-1-2003 % Our calcuTation (which is not a part of this bid) of the interest cost from the above is: Total Interest Cost $ Less Premium NITI~rnmæ~ $ EFFECTIVE INTEREST RATE % We are having the Bonds insured by The Initial Bond shall be registered in the name of (syndicate account manaGer). We will advise Mr. Einer Juul, MBank, Corporate Trust Divisioñ, p, O. Box 2266, Austin, Texas 78780 (512 479-5400), the Paying Agent/Registrar, on forms which may be provided by the Paying Agent/Registrar, our registration instructions at least five business days prior to the date set ror Initial Delivery. We will not ask the Paying Agent/Registrar to accept any registration instructions after the fifth business day orior to Initial Delivery. Check of the Bank, , in the amount of $60,400.00, which represents our Good Faith Deposit (is attached hereto) or (has been made available to you prior to the opening of this bid), and is submitted in accordance with the terms as set forth in the Official Statement and Notice of Sale and Bidding Instruc- tions. We agree to accept delivery of and make payment for the Bonds in immediately available funds in the Corporate Trust Division, ~Bank, Austin, Texas, not later than TO:OO AM, COT, on June 17,1985, or thereafter on the date the Bonds are tendered for delivery, pursuant to the terms set forth in the Notice of SaTe and Bidding Instructions. Respecttully submitted, By Authorized Rearesentative ACCEPTANCE CLAUSE The above and foregoing bid is hereby in all things accepted by the City of San ~arcos, -exas, this the 13th day ~f ~ay, 1985. Mayor ATTEST: ******** Return of Good Faith Deposit is hereby acknowledged: By