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<br /> SELECTED DATA FROM THE OFFICIAL STATEMENT
<br /> This data page was prepared to present the purchasers of the Bondi.-information conœming the Bonds, the revenues pledged to
<br /> payment of the Bonds, the description of the revenue base and other pertinent data, all as more fully described herein, and is
<br /> subject in all respects to the more romplete information and definitions contaiUefl or incorporated in this Official Statement
<br /> The offering of the Bands to potential investors is made only by means of this entire Official Statement No person is
<br /> authorized to detach this data page ÍÌom this Official Statement or to otherwise use it without the entire Official Statement
<br /> The Issuer................................. The City of San Marcos, Texas is a political subdivision located in Hays County operating as
<br /> a home-rule city under the laws of the State of Texas and a charter approved by the voters in
<br /> 1967. The City operates under the City Counci1J:Manager form of government where the
<br /> Mayor is elected for two year terms and six City Councilmembers are c;1ected for staggered
<br /> three-year terms. The City Council formulates operating policy for the City while the City
<br /> Manager is the chief administrative officer.
<br /> The City is approximately 17.78 square miles in area (see APPENDIX A - "General
<br /> Information Regarding the City").
<br /> The Bonds................................. The Bonds are being issued in the principal amount of $1,500,000 pursuant to the general
<br /> lav,,'"S of the State ofTex.as, particularly Articles 1111 ilirough 1118, inclusive, VAT.C.S., as
<br /> amended, and an Ordinance passed by the City Courn:Ïl (see "BOND INFORMATION -
<br /> Authority for Issuance").
<br /> Security for the Bonds.............. The Bonds constitute special obligations of the City payable, both as to principal and
<br /> interest, from and secured by a first lien on and pledge of the Net Revenues of the City's
<br /> Waterworks and Sewer System on a parity with ~ City's outstanding Waterworks and
<br /> Sewer System Revenue Bonds. The City has DOt covenanted or obligared itself to pay the
<br /> Bonds from money raised or to be raised from taxation (see "'BOND INFORMATION -
<br /> Security for Bonds").
<br /> Qualified Tax-Exempt
<br /> Obligations ............................. The City will designate the Bonds as "Qualified Ta.x-Exempt Obligations" for financial
<br /> institutions (see "TAX MATTERS - Qualified Tax-Exempt Obligations for Finaru:ial
<br /> Institutions").
<br /> Optional Redemption............... The City reserves the right, at its option, to redeem Bonds having stated maturities on and
<br /> after January 1,2007, in whole or in part, in principal amounts of $5,000 or any integral
<br /> multiple thereof on January 1, 2006, or any date thereafter, at the par value thereof plus
<br /> accrued interest to the date fixed for redemption (see "BOND INFORMATION -
<br /> Redemption of Bonds").
<br /> Tax Exemption ......................... In the opinion of Bond Counsel, the interest on the Bonds will be excludable tram gross
<br /> income for federal income tax purposes under existing law, subject to the matters described
<br /> under "TAX MATTERS" herein, including the alternative minimum tax on corporations.
<br /> Use of Bond Proceeds ............... Proceeds from the sale of the Bonds will be used to pay for improvements and extensions to
<br /> the City's System and to pay the costs associated with the issuance of the Bonds.
<br /> Payment Record....................... The City has never defaulted on the payment of its bonded indebtedness.
<br /> Selected City Indices
<br /> Wak:!; Uswze (Thousand Gallons)
<br /> Fiscal Net A verag,e
<br /> Year Estimated Average Total Available Annual Debt Coverage
<br /> Ended City Day Peak Day Usage for Debt Service of
<br /> 9-30 Pouulation USIU!:e Usage (MGD) Service Reauirements Debt
<br /> 1991 34,356 4,848 6,573 1.771 $3,279,520 $ 747,149 4.39x
<br /> 1992 35,043 5,040 7,363 1.840 2,251,647 742,389 3.03x
<br /> 1993 35,925 5,518 8,638 2.016 3,108,730 829,699 3.75x
<br /> 1994 36,823 5,776 7,701 2.110 1,952,367 824,871 2.37x
<br /> 1995 37,928 5,880 8,209 2.155 2,019,390 786,135 2.55x
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