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<br /> y;;¿ <br /> 'Ihif Official Statement doeJ rwt constitute an offer to sell Bonds in any jurisdiction to any person to whom it is unlawful to make such <br /> offer in such jurisdictWn. No deakr, .salesman. or any other person has been auJJwrized to give any infonnatian or make any <br /> represenIation. other than these contained herein, in carnI!Ciion with the offering of these BondJ, and if given or made, such <br /> infontfaJiar or ~ must rwt be relúd upaz. 1M information and e:::pre3Sions of opinion herein are .J:Jhject to change <br /> wiJhouJ TIOIia and 1U'åJher the thliwry of thi.J 0jJù:iai SIatmtent nor any sale matk hereunder.Jhal1. under any CŽT't::un.ftanc, CTf!aÙ <br /> any implk:aJiar that tñen has been no change in the ajJåir:r of iN City since the date herrof. <br /> TABLE OF CONTENTS <br /> OFFICIAL STATEMENT Qualified Tax-Exempt Obligations for <br /> Description ofllie Bonds ...................................... 1 Financial Institutions........,......................... 25 <br /> Tax Accounting T r eaím ent 0 f Discount Bonds...... 2 5 <br /> CITY AD MINIS TRA TI 0 N <br /> .-. - Elected Officials .................................................. 4 CONTINUING DISCLOSURE OF INFORMATION 26 <br /> Appointed Officials.............................................. 4 <br /> CCIIlSUltants and Advisors ..................................... 4 OTHER RELEVANT INFORMATION <br /> Ratings ................................................................. 28 <br /> SELECTED DATA FROM THE OFFICIAL Litigation ........... .......... .......... ............................... 28 <br /> STATEMENT .................................................... 5 Registration and Qu.alific.ation of Bonds <br /> foe Sale ............................................................ 28 <br /> BOND INFORMATION <br /> Authority.............................................................. 6 LEGAL INVESTMENTS AND ELIGIBILITY TO <br /> Security far Bonds................................................ 6 SECURE PUBLIC FUNDS IN TEXAS <br /> Pledged Revenues ................................................ 6 Legal Opinions and No-Litigation Certificate ""'" 28 <br /> Application of System Revenues........................... 6 Financial Advisor .................................................. 28 <br /> Redemption of Bonds........................................... 6 Miscellaneous ....................................................... 29 <br /> Rates.................................................................... 6 <br /> Additional Bonds ................................................. 6 APPENDICES <br /> Defeasance........................................................... 6 General Information Regarding the City .................... A <br /> Default and Remedies ......................................... 6 Excerpts From the Annual Financial Report """"""'" B <br /> Book-Entry-Only Systexn..................................... 7 Form of Bond Counsel's Opinion .................:............. C <br /> Paying AgentlRegistrar........................................ 8 <br /> Transfer, Exchange and Registration """"""""'" 8 The cover page hereof, this -page, the appendices included <br /> Limitation on Transfer of Bonds Called far herein and any addenda., supplement or atn=timent hereto, <br /> Red.:rnption....... ........ ..... """"" ......... ......... 8 are part of the Official Statement <br /> Record Date for Interest Payment """""""""""" 8 <br /> Use of Bond Proceeds ......................................... 8 <br /> Sources and Uses ofFundsds............................... 9 <br /> THE SYSTEM <br /> WateIwurks System............................................. 9 <br /> Table 1 - Water Usage......................................... 9 <br /> Table 2 - Ten Largest Water Customers............... 9 <br /> Table 3 - Monthly Water Rates............................ 10 <br /> Wastewater System............................................. 10 <br /> , Table 4 - Wastewater Treated.............................. 10 <br /> ¡ Table 5 - Monthly Water Rates............................ 10 <br /> FINANCIAL INFO RMA TI ON <br /> Table 6 - Condensed Statement of Operations ........... 11 <br /> Table 7 - Coverage and Fund Balances...................... 11 <br /> Finsn.cial Administration........................................... 11 <br /> Financial Policies...................................................... 11 <br /> INVESTMENTs <br /> Legal Investm.ents ............................................... 12 <br /> Investment Policies ............................................. 12 <br /> Table 8 - Cun"ent Investments """""""""""""'" 13 <br /> DEBT INFORMATION <br /> Debt Service Requirements ................................. 15 <br /> Table 9 - Authorized But Unissued Revenue <br /> Bonds ........................................................ 16 <br /> Anticipated Issuance of Revenue Bonds............... 16 <br /> Selected Provisions of the Bond Ordinance.......... 16 <br /> TAX MATIERS <br /> Tax ExeInption..................................................... 25 <br /> 3 <br /> - - <br />