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<br /> S:E.UCn:D DATA FROM TEŒ 1'RIY'ATI 1'L4-.CE?>.Œ.L';T ?>.Œ?>fOR4-.:."-Du¡,r
<br />T.ai3 dab. ;:.a.ge "'-as PI'c-'...ar::d to pr::s..=.t th:: :;;crciJ.a..scr3 of ~ :SOElè.3 iD..forma.ticn c~:m~ the Boc'è.3, th:: .evo= ::Idg::d to
<br />pa)m:::nt ;f the Bonds, "the &s.::ri?ticn of ~ r--.VCltle bas.:: and other perÜD.:::::J.t 6.r:., all as mon: fully ~$...-:ïcd her;~ and is
<br />subject in all ~ to the mare comph:t:: infoI1Il2.tÎoo. and d.::£in.itiOD.3 C<Jncined or incorpcra~ in this Prival.:: Pl~:::::J.t
<br />M=orandt::n. Tne offering of the Boo.ds to pot:::a.thl invesÌ'.:or3 is m.sd.e only by me3.D..S of this CltÏi'e Prival.:: Pl.:.c-'"ID.ot
<br />M.::moranÒ::n.. No p.::rson is authcr.z::d to d.::tß.cb. this data page [¡-om this Private Pl3.C--ment M::morandu.::J. or to oth~is..:: t!.S<:
<br />it without ~ Cltire Privat:: P12.-.......,......t M=orandum.
<br />The Issuer................................. The City of Sa.a. :Mar-.os, Texas is a politic.a.l subdivision located in Hays County o~ting as
<br /> a home-rule city uncia the laws of the Stal.:: of Te= and a ch.3..rt::r approved by the VOl.::rS in
<br /> 1%7. The City aperat::s uncL...... the City Council&farutger form of go"'=ent where the
<br /> :'Í3.j'ar is ::lect::d for tv.'O y= t::n:ns and six City Council.m=!x-rs are e!e:c~ for S"..agger<:d
<br /> thre::-y= t;:rn¡s. The City Council formulates operating policy for the City while the City
<br /> Man.:-ger is the chief administrative officer.
<br /> Ta.e City is appro~Iy 17.5..13 square miles in ara
<br />The Bonds................................. Ta.e Bonds are being issued in the principal amount of 57,500,000 pc.-s-..:ant to tb.e g::aera1
<br /> !a"'"3 of the State of Texas, particularly Artic1es 1111 through 1118, i.::dusive, VATCS, as
<br /> Em::ad.::d, and an Ord.in2nc.e pa.ssed by the City Council (sœ 'BOND n--rFOR.'.f.-\TION ..
<br /> Authority for Issuanc.e').
<br />Security for the Bond1............... T.!e Bonds C<Jnstitut:: special obligations of tb.e City payable, both as to pril1Ci¡:.a.t and
<br /> int::rest, from and secured by a first lien on and p1::dge of the Net Rev.:nues of the City's
<br /> Wat::rwor\.:s and ~wer Syst::m OEl a parity ",ith the City's outst.?ncE.¡g Waterworks and
<br /> S<:""er Syst---m. Revt:Iltle Bonds. The City h3s not co,,'en3nted or oblig~ted itself to pay the
<br /> Bonds from money raised or to be raised from taxation (see "BOi't'D 1?'I'"FOR..\L-\.TION -
<br /> ~curity for Bonds").
<br />Optional Redemption............... n.e City r::s...--rves the right, at its option, to r.::de= Bonds having rued maturities 00. and
<br /> ëi"...::-. January 1, 2007, in whole or in part, in principal amounts of S5,CDO or any integral
<br /> ¡:¡:¡.ultiple thereof 00. Jarll.!.ary 1, 2006, or any c!at~ there3ftd. at the pa: value thereof plus
<br /> a;:..'"':Ued interest to the date fL-.;ed for re¿=ption (s.:-- 'BOND TI'-;""FOR.\,.fATION -
<br /> Redemption of Bonds').
<br />Ts.x Exemptioo.......................... In the opinion of Bond Counsel, the intaest OEl the Bonds ",ill b<= exdudable frOQ gross
<br /> income for f::cL...-al inC<Jme Ca..x purposes under existing law, subject to the rættcrs d.es....-rib<=d
<br /> tJ:l¿er 'T.AX MATTERS"herein., including the alt~m3tivc:: minimwn ca..x on cDrporatiC[J..5.
<br />Use of Bo!ld 1'roceedL............... Pr~ [¡-om the s.::ùe of the Bonds ""ill b<= t!.S<:d to pay for improveme-;.ts and C:::-"Le-:lSio[J..5 to
<br /> the City's Wastewater System. and to pay the CDSts a.ssociatè:d ""ith the isst::!..ïC:= of the Bonds.
<br />Pajment Record....................... The City has never d.::faulted 00. the pajm.:nt of its bonded ind.::btedness.
<br /> Selected City Indices
<br /> Water Us.:.£e íf'no=d G->-lIons)
<br />F i s.c.a.l Net A"':::->-ge
<br />Yc::ar Estirn.a t::d Average Total Available Ann U.1l IX b t Co~'er>..ge
<br />En d.::d City Day P::ak Day Usage for D::bt Sa-.-ic.e of
<br />9-30 ?cpulation Us.:.£e Us.aze (MGo) Service Reoui:=.:n ts Debt
<br />1991 ~,356 4,848 6,573 1.771 53,279,520 S 7-17,149 4.39:-<
<br />1992 35,043 5,040 7,363 1.840 2,251,6-17 742,389 3.03x
<br />1993 35,925 5,5l8 8,638 2.016 3,108,730 829,699 3.75:-<
<br />1994 36,323 5,ï76 7,70l 2.110 1,952,367 82-1,871 2.37:-<
<br />1995 37,928 5,880 8,209 2..155 2,019,390 785,135 2.55:-<
<br />1996(1) 38,687 5,486 6,133 0.l69 NlA 1,13-1,9 \ 5('..) N/A
<br />(1) As oUuc.ary 31,1996.
<br />(2) Estimated, incluc:.::s the Bond.s..
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