Res 1996-052 - Laserfiche WebLink

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'IX- OFFICIAL :BIB FORM Mayor and City Council April 22, 1996 City of San Marcos. Texas San Marcos, Texas Members of the City Council: Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated April 8, 1996 of 51,500,000 CITY OF SAN MARCOS, TEXAS WA1ERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1996-A, both of which constitute a part hereof. For your legally issued Bonds, as described in said Notice of Sale and Bidding Instructions and Official Statement, we will pay you par and accrued interest ÍÌom date of issue to date of delivery to us, plus a cash premium of S for Bonds maturing and bearing interest as follows: A $400,000 principal amount of Bonds shall be serial Bonds and shall mature on the dates, in the amounts, and shall bear interest at the rates per annum as follows: Principal Interest Principal Interest Year Amount Rate Year Amount Rate 1998 5 25,000 % 2003 S 25,000 % 1999 25,000 % 2004 50,000 % 2000 25,000 % 2005 100,000 % 2001 25,000 % 2006 100,000 % 2002 25,000 % B. 51,100,000 principal amount of Bonds shall be serial and/or t.emJ. bonds, at the option of the bidder, and shall be payable on and in the amounts and shall bear interest at the rates per annum as follows: . ~ Principal Interest Principal Interest Year Amount Rate Year Amount Rate 2007 S 100,000 % 2010 S 300,000 % 2008 100,000 % 2011 . 300,000 % 2009 100,000 % 2012 200,000 % Bidden have the riŒht to desÏ1mate one or more maturitv dates for the bonds referred to in Daral!raph B above as serial or term bonds: however. no more than two dates can be desÍ!mated as maturitv dates for term bonds. No maturity of any serial bond shall be scheduled to occur on or after the date of the firn sinIång fund installment on any t.emJ. bond. No sinking fund installment with respect to any t.emJ. bond shall be due on or prior to the date of the final maturity of any earlier maturity term bond. Please respond to the following questions; they are an integral part of this Official Bid Form. Failure to complete these questions will result in all Bood.s being designated solely as serial bonds. 1. Regarding paragraph B above, please list the year( s) which you are designating as serial bond maturities: 2. Regarding paragraph B above, please list the year(s) (no more than two) which you are designating as term bond maturities. Also state the year in which the term bond sinking fund installments will begin. Year in Which -, T=Bond Sinking Fund Interest Maturi tv Installm=t' Be2.in Rate % % 1RUE INTEREST COST % We are having the Bonds ofllie follov.ing maturities insured by at a premium of S . said premium to be Daid by the Purchaser. Any fees to be paid to the rating agencies as a result of said insurance will be Dllid by the Citv.