Ord 1993-038 - Laserfiche WebLink

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I 5 Pß ;4f- No dealer, broker, salesman or other person has been authorized by the City or the Undi!r><.TÍters to give any informa1ion, or to make any representations other than those contained in this Official Statement, and, if given or made, such other information or representations must not be relied upon as having been authori;:.ed by the City or the Underwriters. This Official Statement dces not constitute an offer to sell Bonds in any jurisdiction to any person to whom it is unlœ,<,jU1 to make such offer in such jurisdiction. Certain infonnation set forth 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 Underwriters. Any information and expressions of opinion herein contained are subject to change withoUt notice, and neither the delivery of this Offiâal Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the City or other lnatters described herein since the date hereof. IN CONNECTION WITH THE OFFERING OF THE BONDS, THE UNDERWRITERS MAY OVER-ALLOT OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICES OF THE BONDS AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, IF COMMENCED, ArtAY BE DISCONTINUED AT ANY TIME. TABLE OF CONTENTS OFFICIAL STATEMENT FINANCIAL INFORMATION Description of the Bonds ............. I Electric Utility System Condensed Statement of Operations..................... 16 CITY ADMINISTRATION Revenue Bond Coverage and Debt Service Fund Elected Officials .................. 5 Balance....................... 16 AppointedOfficials................. 5 Financial Adnùnistration . . . . . . . . . . . . . . .. 16 Consultants and Advisors. . . . . . . . . . . .. 5 Financial Policies .................... 16 Authorized Revenue Bonds .............. 17 SELECTED DATA FROM THE OFFICIAL Anticipated Issuance of Revenue Bonds. . . . . .. 17 STATEt\1ENT .................... 6 Selected Provisions of the Bond Ordinance. . . .. 17 INTRODUCTION ..................... 7 OTHER INFORMATION Ratings ........~................. 18 PLAN OF FINANCING TaxExemptìon...................... 18 Purpose........................ 7 Tax Accounting Treatment of Discount Bonds. .. 18 RefundedBonds................... 7 Litigation ......................... 19 Sources and Application of Funds. . . . . . . . 8 Registration and Qua1i:fication of Bonds for Sale 19 Legal Investments and Eligibility to Secure Public BOND INFORMATION Funds in Texas .....:............ 19 Authority for Issuance. . . . . . . . . . . . . . . 8 Legal Opinions and No-Litigation Certificate. . .. 19 Description of Bonds................ 8 Verification of Arithmetical and Mathematical Security for Bonds ................. 8 Computations ................... 20 Pledged Revenues ................. 8 Financial Advisor .................... 20 Rates ......................... 9 Underwriting....................... 20 Redemption of Bonds ............... 9 Miscellaneous ...................... 20 Additional Bonds .................. 9 Book-Entry-Only System """""'" 10 SCHEDULE OF REFUNDED BONDS ..... Schedule I Paying Agent/Registrar .............. 11 Transfer, Exchange and Registration """ 11 APPENDICES Limitation on Transfer of Bonds Called for General Information Regarding the City. . . . .. A Redemption.................. 11 Selected Provisions of the Ordinance. . . . . . .. B Record Date for Interest Payment. . . . . . .. 12 Excerpts From the Annual Financial Report. . .. C Bondlnsurance ................... 12 Form of Bond Counsel's Opinion """"" D Specimen Municipal Bond Guaranty Insurance THE SYSTEM Policy ........................ E ElectricSystem ................... 14 Electric Rates .................... 14 The cover page hereof, this page, the appendices included Ten Largest Electric Customers """'" 14 herein and any addenda, supplement or amendment hereto, Kilowatt Hours Per Month ............ 14 are part of the Official Statement. DEBT INFORl\-1A TION Debt Service Requirements. . . . . . . . . . .. 15 4