|
OFFICIAL BID FORM
<br /> Honorable Mayor and City Council April 16,2024
<br /> City of San Marcos,Texas
<br /> 630 East Hopkins
<br /> San Marcos,Texas 78666
<br /> Members of the City Council:
<br /> Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated April 8, 2024,of$29,095,000
<br /> CITY OF SAN MARCOS,TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION,SERIES 2024
<br /> (the"Certificates"),both of which constitute a part hereof.
<br /> For your legally issued Certificates,in the aggregate principal amount of$29,095,000,we will pay you a price of$31,137,531.62,
<br /> representing approximately 107.020%of the par value. Such Certificates mature August 15,in each of the years and in the amounts
<br /> and interest rates shown below:
<br /> Maturity Principal Interest Maturity Principal Interest
<br /> (August 15) Amount Rate (August 15) Amount Rate
<br /> 2025 $ 250,000 5.000% 2035 $ 1,530,000 5.000%
<br /> 2026 475,000 5.000% 2036 1,600,000 5.000%
<br /> 2027 500,000 5.000% 2037 1,685,000 5.000%
<br /> 2028 1,100,000 4.000% 2038 1,770,000 5.000%
<br /> 2029 1,140,000 5.000% 2039 1,865,000 5.000%
<br /> 2030 1,195,000 5.000% 2040 1,950,000 4.000%
<br /> 2031 1,260,000 5.000% 2041 2,030,000 4.000%
<br /> 2032 1,320,000 5.000% 2042 2,110,000 4.000%
<br /> 2033 1,385,000 5.000% 2043 2,195,000 4.000%
<br /> 2034 1,455,000 5.000% 2044 2,280,000 4.000%
<br /> Of the principal maturities set forth in the table above, Term Certificates have been created as indicated in the following table
<br /> (which may include multiple Term Certificates,one term certificate or no term certificate if none is indicated). For those years
<br /> which have been combined into Term Certificates,the principal amount shown in the table above shall be the mandatory sinking
<br /> fund redemption amounts in such years except that the amount shown in the year of the term certificate maturity date shall mature
<br /> in such year. The Term Certificates created are as follows:
<br /> Term
<br /> Certificates Year of
<br /> Maturing First Mandatory Principal Interest
<br /> August 15 Redemption Amount Rate
<br /> $
<br /> $
<br /> $
<br /> $ %
<br /> $
<br /> Our calculation(which is not a part of this bid)of the interest cost from the above is:
<br /> TRUE INTEREST COST 3.7838954%
<br /> The Initial Certificates shall be registered in the name of ,which will,upon payment for the Certificates,
<br /> be cancelled by the Paying Agent/Registrar. The Certificates will then be registered in the name of Cede&Co.(DTC's partnership
<br /> nominee),under the book-entry-only sys,Lwn,
<br />
|