|
<br />32
<br />
<br />OFFICIAL BID FORM
<br />
<br />Honorable Mayor and City Council
<br />City of San Marcos
<br />San Marcos, Texas
<br />
<br />January 7, 1987
<br />
<br />Members of the City Council:
<br />
<br />Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated
<br />Oecember 15, 1986, of $1,400,000 CITY OF SAN MARCOS, TEXAS CERTIFICATES OF OBLIGATION, SERIES
<br />1987, both of which constitute a part hereof.
<br />
<br />For your legally issued Certificates, as described in said Notice of Sale and Bidding Instruc-
<br />tions and Official Statement, we will pay you par and accrued interest from date of issue to
<br />date of delivery to us, plus a cash premium of $ -0- for Certificates maturing and
<br />bearing interest as follows:
<br />
<br />Maturity
<br />(August 1)
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />1994
<br />
<br />Interest
<br />Rate
<br />
<br />Maturity
<br />(August 1)
<br />
<br />1995
<br />
<br />I nteres t
<br />Rate
<br />
<br />Maturity
<br />(August 1)
<br />
<br />2001
<br />
<br />Interest
<br />Rate
<br />
<br />9.00%
<br />9.00%
<br />9.00%
<br />~%
<br />..9......00%
<br />9.00%
<br />
<br />1996
<br />
<br />9.00%
<br />8.00%
<br />6.00%
<br />6. 10%
<br />6.20%
<br />6.30%
<br />
<br />2002
<br />
<br />6.40 %
<br />6~%
<br />6..DO-%
<br />6.00 %
<br />6~%
<br />6~%
<br />
<br />1997
<br />1998
<br />1999
<br />2000
<br />
<br />2003
<br />2004
<br />
<br />2005
<br />2006
<br />
<br />Our calculation (which is not a part of this bid) of the interest cost from the above is:
<br />1,188,447.50
<br />Total Interest Cost $
<br />
<br />Plus Discount
<br />
<br />Les s Premi um
<br />
<br />-0-
<br />$ 1,188,447.50
<br />6.581766 %
<br />
<br />NET INTEREST COST
<br />EFFECTIVE INTEREST RATE
<br />
<br />We are having the Certificates insured by
<br />
<br />FGIC
<br />
<br />The Initial Certificates shall be registered in the name of Unde:rwood,Neuhaus & Cb., Inc.
<br />(syndicate account manager). We will advise Einer Juul, Corporate Trust Oivision, MBank
<br />Austin, N.A., P. O. Box 2266, Austin, Texas. 78780 (512479-5532), the Paying Agent/Registrar,
<br />our registration instructions at least five business days prior to the date set for Initial
<br />Oel ivery.
<br />
<br />_ Check of the First Cit~ Nail Bank, ~]stin, 'T'P.XAS . in
<br />the amount of $28,000.00 which represents our ood Faith Deposit is attached hereto) or (has
<br />been made available to you prior to the opening of this bid), and is submitted in accordance
<br />with the terms as set forth in the Official Statement and Notice of Sale and Bidding Instruc-
<br />tions.
<br />
<br />We agree to accept delivery of and make payment for the Initial Certificates in immediately
<br />available funds in the Corporate Trust Division, MBank Austin. N.A., Austin, Texas, not later
<br />than 10:00 ~~, CST, on January 26, 19B7, or thereafter on the date the Initial Certificates are
<br />tendered for delivery, pursuant to the terms set forth in the Notice of Sale and Bidding
<br />Instructi ons.
<br />
<br />The undersigned agrees to complete, execute, and deliver to the City, by the date of delivery
<br />of the Certificates, a certificate relating tD the "issue price" of the Certificates in the
<br />form and to the effect attached to or accompanying the Official Notice of Sale, with such
<br />changes thereto as may be acceptable to the City.
<br />
<br />Respectfully submitted,
<br />
<br />Underwood, Neuhaus & Cb.. Inc.
<br />
<br />Texas Atrerican Bank/Fort Worth
<br />
<br />CbTlTen -SO:>rnpany By .btZ....{ c:.. {t/-', tt.... r~~
<br />LDvBt;t Mitchell Webb & Garrison,Inc. Authorized Representative
<br />
<br />ACCEPTANCE CLAU
<br />f Barbara Li tile
<br />The above and foregoing bid is hereby in all thingr accep d by the City of San Marcos, Texas,
<br />this the 7th day of January, 1987.
<br />
<br />
<br />
<br />********
<br />
<br />RetuTn of Good faith Oeposit is hereby acknowledged:
<br />
<br />By
<br />
|