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<br /> IDZ~ <br /> the legal documents with respect to the federal income tax status of the Bonds, or the possible impact of any present, pending <br /> or future actions taken by any legislative or judicial bodies. <br /> Verification of Arithmetical and Mathematical Computations <br /> The arithmetical accuracy of certain C{)mputations included in the schedules provided by First Southwest Company on behalf of <br /> the City relating to ( a) computation of forecasted receipts of principal and interest on the Federal Securities and the forecasted <br /> payments of principal and interest to redeem the Refunded Bonds and (b) computation of the yields of the Refunding Bonds <br /> and the restricted Federal Securities were verified by Grant Thornton, certified public accountants. Such computations were <br /> based solely on assumptions and information supplied by First Southwest Company on behalf of the City. Grant Thornton has <br /> restricted its procedures to verifying the arithmetical accuracy of certain computations and has not made any study or evaluation <br /> of the assumptions and information on which the computations are based and, accordingly, has not expressed an opinion on the <br /> dam used, the reasonablèness of the assumptions, or the achievability of the forecasted outcome. <br /> Underwriting <br /> The UndeIv.riters have agreed, subject to certain conditions, to purchase the Bonds from the City, at an undervmting discount <br /> of$ . The Underwriters will be obligated to purchase all of the Bonds if any Bonds are purchased. The Bonds to be <br /> offered to the public may be offered and sold to certain dealers (including the Underwriters and other dealers depositing Bonds <br /> into investment trusts) at prices lower than the public offering prices of such Bonds, and such public offering prices may be <br /> changed, from time to time, by the Underwriters. <br /> .- . <br /> Miscellaneous <br /> The financial data and other infonnation contained herein have been obtained from the City's records, audited financial <br /> statements and other sources which are believed to be reliable. There is no guarantee that any of the assumptions or estimates <br /> contained herein will be realized. All of the summaries of the statutes, documents and resolutions contained in this Official <br /> Statement are made subject to all of the provisions of such statutes, documents and resolutions. These summaries do not <br /> purport to be complete statements of such provisions and reference is made to such documents for further 4ûoI1IlJ:ltion. <br /> Reference is made to original documents in all respects. <br /> . <br /> The Ordinance authorizing the issuance of the Bonds will also approve the form and content of this Official Statement, and any <br /> addenda, supplement or amendment thereto, and authorize its further use in the reoffering of the Bonds by the Undervvriters. <br /> KA mY M MORRIS <br /> Mayor <br /> City of San :Marcos, Texas <br /> ATIEST: <br /> JAï.'ITS WOMACK <br /> City Secretary <br />