Res 1996-052 - Laserfiche WebLink

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Ì/'Z ISSUE PRICE cnTIFICATE The undersigned hereby certifies with respect to the sale of CITY OF SAN MARCOS, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1996-A (the 'Bonds'), issued in aggregate principal amount of $1,500,000, as follows: 1. The undersigned is the underwriter or the manager of the syndicate of underwriters which bas purchased the BoOOs from the City of San Marcos, Texas (the "Issuer") at competitive sale. 2. The undersigned and/or one or more other members of the underwriting syndicate, if any, have made a bona fide offering to the public of the Bonds of each maturity at the respective prices set forth below. 3. The initial offering price (expressed as a percentage of principal amount or yield and exclusive of accrued interest) for the Bonds of each maturity at which a substantial amount of the Bonds of such maturity was sold to the public is as set forth below: Principal Offering Principal Offering Amount Year of Price AmDunt Year of Price ~ Maturitv (%IYield) Ma~ Maturitv (%IYield) S 25,000 1998 % S 100,000 2006 % 25 ,000 1999 % 100,000 2007 % 25,090 2000 % 100,000 2008 % 25,000 2001 % 100,000 2009 % 25,000 2002 % 300,000 2010 % 25,000 2003 % 300,000 2011 % 50,000 2004 % 200,000 2012 % 100,000 2005 % 4. The term 'þublic", as used herein, means persons other than bondhouses, brokers, dealers, and similar persons or organizations acting in the capacity of underwriters or wholesalers. ~ S. The offering prices described above reflect current marlœt prices at the time of such sales. 6. The undersigned and/or one or more other members of the underwriting syndicate, as the case may be, have purchased bond insurance for the Bonds. The bond insurance, if any, bas been purchased from (the '1nsurer") for a premium cost of S (net of any nonguarantee cost, e.g., rating agency fees). The amount of such cost is set forth in the Insurer's commitment and is separately stated from all other fees or charges payable to the Insurer. The premium does not exceed a reasonable charge for the transfer of credit risk taking in to account payments charged by guarantors in comparable transactions (including transactions in which a guarantor bas no involvement other than as a guarantor). The present value of the debt service savings expected to be realized as a result of such insurance, discounted at a rate equal to the yield on the Bonds which results after recovery of the , insurance premium, exceeds the present value of the bond insurance program. 7. The undersigned understands that the st8tt"met1tq made herein will be relied upon by the Issuer in its effort to comply with the coo.ditions imposed by the Internal Revenue Code of 1986, as JunP:r1li"'¡.:, on the excludability of interest on the Bonds from the gross income of their owners. EXECUIED and DELIVERED this day of .19- .., ~-~ (Name ofUnderv..riter or Manager) By (Title)