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<br /> SELECTED DATA FROM THE OFFICIAL STATEMENT
<br />The selected data on this page is subject in all respects to the more complete information and definitions contained or
<br />incorporated in this Official Statement. The offering of the Bonds to potential investors is made only by means of this entire
<br />Official Statement. No person is authorized to detach this data page from this Official Statement or to otherwise use it without
<br />the entire Official Statement.
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<br />This data page was prepared to present the purchasers of the Bonds information concerning the Bonds, the revenues pledged
<br />to payment of the Bonds, the description of the revenue base and other pertinent data, all as more fully described herein.
<br />The Issuer .......... The City of San Marcos, Texas is a political subdivision located in Hays County operating
<br /> as a home-rule city under the laws of the State of Texas and a charter approved by the voters
<br /> in 1967. The City operates under the Council/Manager form of government where the mayor
<br /> and six councilmembers are elected for staggered three-year terms. The Council formulates
<br /> operating policy for the City while the City Manager is the chief administTative officer.
<br /> The City is approximately 17.4 square miles in area (see Appendix A - "General Information
<br /> Regarding the City").
<br />The Bonds .......... The Bonds are being issued in the principal amount of $4,600,000 pursuant to the general
<br /> laws of the State of Texas, particularly Article 1175, VA TCS, and an Ordinance passed by
<br /> the City Council of the City (see "Bond Information - Authority for Issuance").
<br />Qualified Tax-Exempt
<br />Obligations. . . . . . . . . . The City will designate the Bonds as "Qualified Tax-Exempt Obligations" for fInancial
<br /> institutions (see "Qualified Tax-Exempt Obligations").
<br />Security for the Bonds .. The Bonds constitute direct and voted obligations of the City payable from a continuing ad
<br /> valorem tax levied on all taxable property within the City in an amount sufficient to provide
<br /> for payment of principal of and interest on all ad valorem tax bonds, within the limits
<br /> prescribed by law (see "Bond Information - Security for Bonds").
<br />Optional Redemption ... The City reserves the right, at its option, to redeem Bonds having stated maturitIes on and
<br /> after August 1, 2003, in whole or in part in principal amoun!S of S5,000 or any integral
<br /> multiple thereof, on August 1, 2002, or any date thereafter, at the par value thereof plus
<br /> accrued interest to the date fIXed for redemption (see "Bond Information - Redemption of
<br /> Bonds").
<br />Tax Exemption ....... In the opinion of Bond Counsel, the interest on the Bonds will be excludable from gross
<br /> income for federal income tax purposes under existing law, subject to the matters described
<br /> under "Other Relevant Information - Tax Exemption" herein, including the alternative
<br /> minimum tax on corporations.
<br />Use of Bond Proceeds. . . The bond proceeds will be used for (1) preparation and implementation of a drainage master
<br /> plan, (2) street improvements, and (3) paying for the cost of issuance of the bonds. '
<br />Payment Record ...... The City has never defaulted.
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<br /> Selected Issuer Indices
<br /> Ratio Funded
<br />Fiscal Per Capita Per Capita Debt to
<br /> Year Estimated Taxable Taxable Funded Funded Taxable % of
<br />Ended City Assessed Assessed Tax Tax Assessed Total Tax
<br />9-30 Population Valuation Valuation Debt Debt Valuation Collections
<br /> 1988 34,650 $784,432,857 $22,639 $16,296,000 $470.30 2.08% 99.50%
<br /> 1989 36,900 655,114,637 17,754 15,695,000 425.34 2.40% 101.25%
<br /> 1990 36,864 684,341,049 18,564 14,945,000 405.41 2.18% 99.08%
<br /> 1991 34,500 652,831,326 18,923 17,890,000 518.55 2.74% 100.26%
<br /> 1992 34,356 605,725,571 17,630 20,065,000 601.06 3.31% 101.11%
<br /> 1993 34,250 616,052,580(1) 17,693 23,550,000(2) 676.34 3.82% N/A
<br />(1) After deducting aU exemptions and abatements.
<br />(2) Includes "the Bonds".
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