|
<br /> /02(;
<br /> SELECTED DATA FROM THE OFFICIAL STATEMLTI
<br /> This data page was prepared to present the purchasers of the Bonds infonnation concerning the Bonds, the revenues pledged to payment of
<br /> the Bonds, the description of the revenue base and other pertinent data, all as more fully described herein, and is subject in all respects to
<br /> the more complete infonnation and definitions contained or incorporated in this Preliminary Official Statement. The offering of the Bonds
<br /> to potential investors is made only by means of this entire Prelimin.a.ry Official Statement. No person is authorized to detach this data page
<br /> from this Preliminary Official Statement or to othernise use it without the entire Preliminary Official Statement.
<br /> The Issuer ................................. The City of San Marcos, Texas is a political subdivision located in Hays County operating as a home-rule
<br /> city under the laws of the State of Texas and a charter approved by the voters in 1967. The City operates
<br /> under the City CounciJJMan.ager form of government where the Mayor is elected for two year tenns and
<br /> six City Councilmembers are elected for staggered three-year tenns' The City Council formulates
<br /> operating policy for the City while the City ~er is the chief administrative officer.
<br /> The City is approximately 17.543 square miles in area (see APPENDJX A - "General Information
<br /> Regarding the City").
<br /> ,
<br /> The Bonds ................................. The Bonds are being issued in the principal amount of $11,240,000* pursuant to the general laws of the
<br /> State of Texas, particularly Article 717k, VA.T.C.S., as amended, and an Ordinance passed by the City
<br /> Council (see "BOND INFORMATION - Authority for Issuance").
<br /> Security for the Bonds .............. The Bonds constitute direct and voted obligations of the City payable from a continuing ad valorem ta.x
<br /> levied, within the limits prescribed by law, on all ta.xable property 'Within the City (see "BOND
<br /> INFORMATION - Security for Bonds").
<br /> Optional Redemption ............... The City reserves the right, at its option, to redeem Bonds having stated maturities on and after Au"oust
<br /> 15,2005, in whole or in part in principal amounts of $5,000 or any integral multiple thereof, on Au,.oust
<br /> 15, 2004, or any date thereafter, at the par value thereof plus accrued interest to the date fixed for
<br /> redemption (see "BOND INFO&\iATION -Redemption of Bonds").
<br /> Tax Exemption.......................... In the opinion of Bond Counsel, the interest on the Bonds will be excludable fÌ'om gross income for
<br /> federal income ta.x purposes under existing law, subject to the mátters described under "Ta.x Matters"
<br /> herein, including the alt=ative minimum ta.x on corporations.
<br /> Use of Bond Proceeds ............... Proceeds fÌ'om the sale of the Bonds will be used i) to refund portions of the City's outstanding debt and
<br /> ü) to pay the costs associated with the issuanœ of the Bonds.
<br /> Payment Record........................ The City has never defaulted.
<br /> *Preliminary, subject to change.
<br /> Selected City Indices
<br /> Ratio Tax
<br /> Fiscal Per Capita . General Debt to
<br /> Year Estimated Taxable Taxable Obligation Per Capita Ta.xable %of
<br /> Ended City Assessed Assessed Tax Tax Assessed Total Tax
<br /> 9-30 Population Valuation(l) Valuation Debt Debt Valuation Collections
<br /> 1992 35,043 $ 608,725,571 $17,371 $ 20,065,000 $572.58 3.30% 100.97%
<br /> 1993 35,925 616,052,580 17,148 23,965,000 667.08 3.89% 103.30%
<br /> 1994 36,823 650,836,423 17,675 29,535,000 802.13 4.54% 107.00%
<br /> 1995 37,928 752,287,628 19,835 28,760,000(J) 758.28 3.82% 94.66%(4)
<br /> 19% 39,066 833,940,443(2) 21,347 26,970,000(3) 690.37 3.23% %.70%(4)
<br /> (1) After deducting all exemption and abatements.
<br /> (2) Preliminary Ta.xable Assessed Valuation.
<br /> (3) Includes the General Obligation Refunding Bonds, excludes the General Obligation Refunded Bonds.
<br /> (4) Collections through 5-31-95.
<br />
|