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<br /> Vql- <br /> PRIVATE. PL~C:E.~n:",,-r ?rn:~IOR~','Dù-:'rI <br /> RELUING TO <br /> 57,500,000 <br /> CITY OF S.-'\.:.'í :riA-RCOs, TIX-U <br />WATERWORKS Ai."I"D SE'Ç\L.R SYSTI~fREyLY(rE BO.:ms, SERIES 1996 <br /> INTRODUCTION <br />This Private Plac....""m~t Memorandum, v.b.ich iru:luè3 the c.:Jver page ~d Appcdice3 hereto, provi&s c....'":"Uin inf()i'TI:U!tlon <br />r-..garcling the ÌSSt.!2.nc.e by the City of &a. ~ís.rcos, Tc..xas of 57,500,000 Waterv.orks and Sewer Sys>.::=m. Re'.en~ Boads, &ries <br />199ó. Capitiliud terms used in this Private Pla.c=ent M=orandum have the sa:;::e m~s assig:o.:.:.d to such t= io. the <br />Ordinance authori.z.io.g the issuance of the Bonds (the 'Orclina.:J.ce'), exc...."Pt as otherv.i~ io.dicat:ed herein. , <br />Tile City is a political subdivisipn ofth.e State of Texas (the 'State') and a municipal corporation organiz:.:.d and existiq ll:ld...-r <br />the lav.s of the State, io.c1udIDg the City's Home Rule Char~. Tn:: Bonds ar:: i=d pursu.a¡lt to the Coo..:,-ciætion and gQeral <br />laVt'3 of the State, particularly Articles 1111 through 1118, io.clusive, YATCS, as arrlendoo, the City's Home Rule Ch.arter, ~d <br />pursuant to the Ordinance. . <br />There foUows io. this Private: Pla=ot M=oran¿= d=:riptiOD3 of the Plan of Financing, the Bonds, t11,e System and c....->rbin <br />information regarding the: City and its !Írlß.nce.;¡. All descriptloClS of docum~ts contJined herein are oDly summaries a.'1d are <br />qu.iliii:.:.d in their entirety by referQc.e to e3.Ch such documot Copies of such documents may be obci:J.:.:.d from the City's <br />FÍD2ncial Advisor, First Southwest Coapany, AUS'.m, Texas. <br />Tais Private P!ac=ent M=OI<!Ildum ~ only as to its~, 2::ld u1e inf~on ccntlinc::d h=in is subject to chz.'1ge. Copies of <br />the Firol Prhæ P!ac=ent Me::nOß'.ó:::1 and Escrow Agr=nct v.ill be ~-¡tð.:I v.im the Municiç.al &=rities Rukmaking Board, <br />ISIS N. Str~t, Northwest, Suite SCO, W~,:~iT1~ D.C. 2CO3ó-1491. <br /> PL~'f OF FlliANCJ?-;G <br />P11rpose <br />The Bonds are bei.ng ~ to pay fur irnprov=ots and eXtQSioD3 to the City's Wastcwat6- System and to pay the costs <br />a.s.socia~ with the is.suan~ of the Bonds. <br />Descrip tion of Proj ect <br />Sc.e .~PENDrx: C. <br />Sources and Uses of Funds <br />Tne proceeds of the Bonds will be a;¡pü:.:.d appro:œutdy as foUo.....,: <br /> Source.;¡: <br /> Princiç.al.-\mount of the Bonds S 7 .500 ,000.00 <br /> Total Sot.:rce.;¡ ofFund.s 5 7 'inn nnn 00 <br /> U~s: <br /> Adminis::-ati 'Ie Fund 5 60,000.00 <br /> L: gal F u.:: d 15,000.00 <br /> Fiscal rll:ld 30,000.00 <br /> Engin~...'1 g/Pro j cc ts 7,333,750.00 <br /> Atlorney Goeral 1,150.00 <br /> Insura:1c.:: and/or Surety 60,000.00 <br /> Total Uses ofFund3 S 7 'inn nnn O() <br />-: <br /> 6 <br />