|
<br />OFFICIAL BID FORM
<br />
<br />Honorable Mayor and City Council
<br />City of San Mal'COl, Texa.
<br />
<br />April 27, 1992
<br />
<br />Memben of the City Council:
<br />
<br />Reference is made to your Official Statement and Notice of Sale and Bidding Inatnlctiona, dated March 23, 1992, of $1,050,000 ClTY OF SAN
<br />MARCOS, TEXAS WATERORKS AND SEWER. SYSTEM REVENUB BONDS, NEW SBRIBS 1992, both of which constitute a part hereof.
<br />
<br />For your legally iasued Bonds, a. deacribed in said Notice of Sale and Bidding InatnlCtiODl and Official Statement, we wUl pay you par and accmed
<br />interest from date of iasue to date of delivery to us, plus a cash premium of $ for Bonda maturinJ and bearing intereat as follow.:
<br />
<br /> Principal Interest Principal Interest
<br />Maturitv Amount Rate Maturity Amount Rate
<br />8-1-1993 $ 25,000 % 8-1-2000 $ 50,000 %
<br />8-1-1994 50,000 % 8-1-2001 50,000 %
<br />8-1-1995 60,000 % 8-1-2002 50,000 %
<br />8-1-1996 65,000 % 8-1-2003 75,000 %
<br />8-1-1997 50,000 % 8-1-2004 100,000 %
<br />8-1-1998 50,000 % 8-1-2005 175,000 %
<br />8-1-1999 50,000 % 8-1-2006 200,000 %
<br />Our calculation (which is not a part of this bid) of the interest cost from the above is:
<br />Total Interest Cost $
<br />Leas Premium
<br />NET INTBRBST COST $
<br />BFFECI'lVE INTBREST RATE %
<br />
<br />We are having the Bonds of the following maturities insured by at a premium of
<br />$ ,said premium to be paid bv the Purchaser. Any fees to be paid to the rating agenciea as a resuh of said insurance will be DlIid
<br />by the citv.
<br />
<br />The Initial Bond shall be registered in the name of . We will advise Mr. Robert Pauerson, Corporate Tmst Division,
<br />Ameritnlst Texas N.A., P. O. Box 149036, Austin, Texas 78714-9036 (512-480-3132), the Paying AgentJRegistrar, our registration instructions at
<br />least five busineas days prior to the date set for Initial Delivery.
<br />
<br />A Cashier's Check of the Bank:, ,in the amount of $21,000.00, which represents our Good Faith
<br />Deposit (is attached hereto) or (has been made available to you prior to the opening of this bid), and is submitted in accordance with the tenns as set
<br />forth in the Official Statement and Notice of Sale and Bidding InstmctioDl.
<br />
<br />We agree to accept delivery of and make payment for the Bonds in immediately available funds in the Corporate Tmst Division, Ameritnlst Texas
<br />N.A., Austin, Texas, not later than 10:00 AM, CDT, on May 26, 1992, or thereafter on the date the Bonds are tendered for delivery, pursuant to
<br />the tenns set forth in the Notice of Sale and Bidding Instructions.
<br />
<br />The undersigned agrees to complete, execute, and deliver to the City, at least six busineas days prior to delivery of the Bonds, a certificate relating
<br />to the "iasue price" of the Bonds in the fonn and to the effect accompanying the Notice of Sale and Bidding InstruCtiODl, with such changes thereto
<br />as may be acceptable to the City. '
<br />
<br />We agree to provide in WJ'itiDK the iDmaI reofferiug prices and other terms, if any, to the Financial Ad'risor by the close 01 the IIeXt busiDess
<br />day after the award.
<br />
<br />Respectfully submitted,
<br />
<br />By
<br />
<br />Authorized R.epresentative
<br />
<br />ACCBPI'ANCB CLAUSB
<br />
<br />The above and foregoing bid is bereby in all things accepted by the City of San Marcos, Texas, subject to and in accordance with the Notice of Sale
<br />and Bidding Instructions, this the 27th day of April, 1992.
<br />
<br />Mayor
<br />City of San Marco., Texas
<br />
<br />ATI'BST:
<br />
<br />City Secretary
<br />
|