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<br />'DIU OjfIeial SUuemenl dou '"" corudtIM /lit oJ!er ro ,eU BontU III fJIfY JurWicdort 10 fJIfY pm(J/11D whom " " II1IlmvJiIIID IfUIke INCh oJler III lid
<br />jurlMUcli01l. No tlealer. ,iIlmruIn. Dr any other perrort laos been autIIorlw 10 live any Ittformadort or rrud:e any repn,DtIf1Iiort. OIlIer dIatt lIwIe cOftUllne4
<br />Mrdn. III connecliort with die ole",., oJdtue 1I<<uII. and 1/ ,Iven or 1Mtle. nICIa biformadon or repre,t1II8IIoft mun MI be relle411J'Oft. 1M 11ffotmall0tl
<br />and expreufOM oj opinion Mrdn IU'f IUbJect to clum,e wltIwuI notice and M1l11er the delivery oj"'" OjJicUzl SUuemenlnor fJlfYlII1e IMtle Mrell1lller ,Itall.
<br />untler fJIfY eire_illite". create any ImpUcadort that lllere 1ta.r been no clum,e III die 46airr oJ die Qty l'Ince tile date Mreof.
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<br />TABLE OF CONTENTS
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<br />OmCIAL STATEMENI'
<br />
<br />ne.cription of1bc CenifiClltel . , , , , . , , . . , . . . . . . . . . . , . . , . . , . , , , . . . . , . , , , , , , . . , , , . . , . . . , , , , .
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<br />CITY ADlIDNISTRATION ., . . . . , . . , . . , . . . . . . . . . . . . , , . , , . . . . , . , . . , . . , , . . , . , . . . . . . . . . , , . , . . . " 3
<br />Blcc.:tcd Ofticiall . , . . . . . , , . . , . . , , . . . . , . . . . , , . , , . . . . . . . . . . . , . . , . . . . . . . . , . . . . . , , . , , , . " 3
<br />AppointcdOfticiall ,.."..,..."...,..............,..........,..........".......".. 3
<br />CollllUltaDtlaodAdvilon ,.,.................,.......,.........,...........,........... 3
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<br />SELECTED DATA FROM THE OmCIAL STATEMENT. . , . , . . . . . . , . . . . . . , . . . . . . , , . . . . . . . . . . . . . . . , . " 4
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<br />BOND INFORMATION . . . . , . . . . . . . . . . . . . . , . , . . . . . , . . , . . . . . , , . , , . . . . . . . . . , , . . . . . . . . . , . , , . . ., 5
<br />Aulhority forllluaoco ....",.,........,...,.,..,.,........"..,........,........,..,. 5
<br />$cc;urity for Boad. . . . . . . . , . . . . . . . . . . , . , . . . . , . . . . . . . . . , , . . . . . . , . . , . . . . . . . . . . . . . , . , . , ,. 5
<br />Redemption of Bond. . . , . , . . . . . . . , . . . , . , . . . . . . . . . . . . , . . . . , . . . . . . . . . . . . . . . . . . . . . , , . . . .. 5
<br />PayinJ A,ellURc,uuar . , , . , , . , . . , . , . . , . , . . . . . . . . , , . , . . . . . . . , . . . . . . , , . . , . . , . . . . , . , . . , " 5
<br />TraDlfer, ExchaDJCand RcJiatration ...,...........,......,.,....,....."...",..,......... S
<br />Limitation on Tranafer of Bond. CaUed for Redemption .......................".........,........ 6
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<br />RccordDatcforIntcrcatPaymcat ,.,.,.......,....,.....,......".......,.,.....,.,.."... 6
<br />Uac of Bond Proceed. .,..,.........,..,.....,......,.",.......,.,...........,.,..". 6
<br />Source. and Ute. of Fund. ....,..,..,..........................................,..,.", 6
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<br />TAX INFORMATION ..,....,..,......,..... , . . . , , , . . . , . . . . , , , . . . . . . , , . . , . . , , , . , . , . , . . . . . , . 7
<br />Ad Valorem Tax Law ......................,......."......"...,.,.,."...,....,..,. 7
<br />Valuation, Exemptiona aod Debt ObligatioDl ..........................,........,......,...,... 8
<br />Taxable AncIlCd ValuatioDl by Cate,ory ,............................,....'.........,.....". 9
<br />Valuation aod Funclcd Debt Hillory ........ . . . . . . . . . . . . . . , . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . ,. 10
<br />Tax Rate, Levy and Collcc.:tion Hiatory . . . . , . . . . . . . , . . . . , . . , . . . . . . . . . . . . . . , . . . . . . . . . . . . . . , . .. 10
<br />Ten Lal'ieat Taxpayen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . .. 11
<br />Tax Rate Limitation. . , . ., ,.. . . .. . . . . . . . . . . . " . .. . . ..... . .. .. ... ,. . . ... . , .. .. , . . .. . ... 11
<br />Ancaacd Val~~oJ?l' Tax Rate., Outltanding Debt and Authoriud But UmllUed Bond. of Overlapping Taxina
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<br />Junad,ctioDl . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . ., 12
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<br />DEBT INFORMATION ..................................................,.........,........ 13
<br />Eatimated Direct and Overlappm, Funded Debt Payable From Ad Valorem Taxe. .,..........,....,...,..... 14
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<br />Intereat and Sinkinr Fund Budget Projcc.:tion . . . . . . . . . . . . . . , . . , . . . , . . . . . . . , . . . . . . . . . . , . . . . . . . . .. 14
<br />Computation of Sclf-Supportina Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . , . . . . . . . .. 14
<br />Authoriud General Obli&ation Bond. " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . , . . . . . ., 15
<br />Anticipated lnuance of General Obligation Debt .. , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 15
<br />FundcdDebtLimitation ......................,........................................ 15
<br />Other Obligatioaa .........,........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 15
<br />Pcnaion Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , , . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . .. 15
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<br />FlNANCIAL INFORMATION . . , . . . . , . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . , . . . . . .. Hi
<br />General Fund Revenuel and Expenditure Hiatory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . " 16
<br />Municipal Salea Tax Hiatory .,..,...........,..........................,.......,........ 17
<br />F'mancial Administration . . . . . . . . . . . . , . . . , . . . . , . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 17
<br />F'lDIJ1Cial PoIicie. ..........,..................,............,...,..................... 17
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<br />OTHER RELEVANT INFORMATION .... . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . .. 19
<br />Ratiaas . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . , , . . . . . . . . . . ,. 19
<br />Tax ExempdoD . . , , . . . . . , . . . . . , . . . , . . . . , . . . . . . . . . . . . . . . . , . . . , . . . . . , . . . . . , . . . . . . . . . .. 19
<br />T~ A~ountiDtTreatmcllt ofDiacOUJlt Booda . . . . . . , . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . , , .. 19
<br />LitiJatiOD ......................................."......................,.....,.. 20
<br />RcpatrationandQua1i&ationofBoodaforSalc .....,...............,........,....,.,..,.....,. 20
<br />LcpllnveatmeDtl and EIiJ1'bility to Secure Public Funda in TeD' ... . . . . . . . , . . . . . . . . . . . . , . . . . . . , . . . . " 20
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<br />Lep] Opiniolllaod No-Litigation Cenificatc .................................,....,........,.. 20
<br />Authenticity ofF'lDIJ1CiaI Data and Other InformatiOll . . . . . , . . . . . . . . . . . . . . . . . . . . . . , . . . . , . . . , . . . . . .. 21
<br />F'lDIJ1Cial Adviaor .,.,...,.........,................................,.....,....,..,.. 21
<br />Certification oCtbe Official Statemcllt . . , . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . , . . . . , . , . . , . , . . . . . . ,. 21
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<br />APPENDICES
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<br />GcDerallnformationRcJardiDa1bc Diatrict ...,................,............................,. A
<br />Exurptl from 1bc City of San MIrCOI, TeltU Anuual F'lDIJ1CiaI Rcpcxt .. , . . . . . . . . . . . . . . . . . . . . . . . . . , . . , .. B
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<br />Form of Bond Counrel'. Opinioa ........"...................,.,........,...,......,...,. C
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<br />The cover pap heROf, 1bia PIJC, the appendices included herein and any addenda, auppkmem << amcDdmcllt hereto, are part of tbo Oftkial
<br />Slatemcm.
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