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. f DZA I No dealer, broker, .salesman or other person ha3 been authorized by the City or the Underwriter3 to give any infonnation, or to make any representations other than those contained in thi3 Preliminary Official Statement, and, if given or made, such other infonnation or representations must not be relied upon a.1 having been authorized by the City or the Underwriters. Thi3 Preliminary Official Statement does not constitute an offer to sell Bonds in any jurisdiction to any person to whom it i3 unlawful to make such offer in such jurisdiction. Certain infonnation setforth herein has been obtained from the City and other sources which are believed to be reliable but is not guaranteed as to accuracy or completeness, and is not to be construed as a representation by the Underwriten. Any infonnation and expressions of opinion herein contained are subject to change without notice, and neither the delivery of thi3 Preliminary Official Statement nor a1T)l sale made hereunder shall, under any circumstances, create a1T)l i,!,plication that there has been no change in the affairs of the City or other matter3 described herein since the date hereof. IN CONNECTION WITH THE OFFERING OF THE BONDS, THE UNDERWRITERS .\r£4Y OVER-AILOT OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE ¡UARKET PRICES OF THE BONDS AT A LEVEL ABOVE THAT WHICH ¡UIGHT OTHERWISE PREVAIL IN THE OPEN ,,"vlARKET. SUCH STABILIZING, IF CO}';ßiENCED, "U4Y BE DISCONIINlÆD AT ANY TIME. TABLE OF CONTENTS OFFICIAL STATE:MENT Condensed Statement of Operations .................... 13 pescription of the Bonds ..................".................. 1 Coverage and Fund Balances............................... 13 Financial Policies................................................ 13 CITY ADMINISTRATION Elected Officials .................................................. 4 IN'VEST:MENTS........................................................ 14 Appointed Officials .............................................. 4 Consultants and Advisors ..................................... 4 DEBT INFOfu"fATION Debt Service Schedule ,"""""""""""""""""""""'" 15 SELECTED DATA FROM THE OFFICIAL Authorized Revenue Bonds .........................>............. 16 STATE~fENT ........................................... 5 Anticipated Issuance ofR~venue Bonds..................... 16 Selected Provisions of the Bond Ordinance................ 16 PREliMINARY OFFICIAL STATE:MENT ...........,. 6 TA.X MATTERS PLAN OF FINAJ.'fCING Opinion..................................................................... 20 Purpose................................................................ 6 Federal Income Tax Accounting Treatment of Original Retì.mded Bonds................................................... 6 Issue Discount................................................. 20 Sources and Application of Funds......................... 7 Collateral Federal Income Tax Consequences............ 20 State, Local and Foreign Taxes.................................. 21 BOND INFOfu'\1ATION Qualified Tax-Exempt Obligations for Financial General................................................................ 7 In.stitutions....................................................... 21 Security for Bonds................................................ 7 Pledged Revenues ................................................ 7 OTHER INFOfu'\1ATION Application of System Revenues........................... 7 . Ratings ..................................................................... 22 Redemption of Bonds........................................... 7 Litigation .................................................................. 22 Rates 8 Registration and Qualification of Bonds for Sale ....... 22 Additional Bonds ................................................. 8 Legal Investments and Eligibility to Secure Public Book-Entry-Only System...................................... 8 Funds in Texas................................................. 22 Paying Agent/Registrar......................................... 9 Legal Opinions and No-Litigation Certificate ............ 22 Transfer, Exchange and Registration .................." 9 Financial Advisor...................................................... 22 Linùtation on Transfer of Bonds Called for Verification of Arithmetical and Mathematical Redemption................................................. 9 Computations................................................... 23 Record Date for Interest Payment .....................", 10 Underwriting............................................................. 23 Municipal Bond Insurance................................... 10 Miscellaneous .....................................:..................... 23 TEE SYSTEM APPENDICES Waterworks System............................................. 11 General Information Regarding the City ...............,.... A Water Usage ....................................................... 11 Excerpts From the Annual Financial Report ...".......... B Ten Largest Water Customers .................,........... 11 Form of Bond Counsel's Opirùon................................ C Montlùy Water Rates ..............,........................... 11 Wastewater System ..................."........................ 11 The cover page hereof, this page, the appendices included Wastewater Treated ........................,................... 12 herein and any addenda, supplement or amendment hereto, Ten Largest Wastewater Customers..................... 12 are part of the Preliminary Official Statement. Montlùy Sewer Rates ..........."............................. 12 FINANCIAL INF 0 R... '\1A TI 0 N