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<br /> {OZl3I <br /> Verification of Arithmetical and :\fathematical Computations <br /> The arithmetical accuracy of certain computations 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) romputation of the yields of the Refunding Bonds <br /> and the restricted Federal Securities were verified by Grant Thornton, certified public accountants. Such romputations 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 romputations 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 /> data used, the reasonableness of the assumptions, or the achievability of the forecasted outcome. <br /> ,-- Underwri~ <br /> The Underwriters have agreed, subject to certain ronditions, to purchase the Bonds from the City, at an underwriting discount <br /> ofS . 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 /> Miscellaneous <br /> The financial data and other information rontained herein have been obtained from the City's records, audited financial <br /> statements and other sòurces which are believed to be reliable. There is no guarantee that any of the assumptions or estimates <br /> contained herein ""ill 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 rompletc statements of such provisions and reference is made to such documents for further information. <br /> Reference is made to original documents in all respects. <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 rcoffering of the Bonds by the UndernTiters. <br /> < <br /> KAlliY M MORRIS <br /> Mayor <br /> City of San Marcos, Te.x:as <br /> ATIEST: <br /> JANIS WOMACK <br /> City Secretary <br />