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<br /> omCIAL BID FOR.\1 q5&
<br />Honorable Mayor a.nd City Council November23, 1992
<br />City of San,Marcos, T~,?,S "
<br />Members of the City Council: .
<br />Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated October 26, 1992, of $4,600,000 CITY OF SAN
<br />MARCOS, TEXAS GENERAL OBLIGATION BONDS, SERIES 1992-A, both of which constitute a part hereof.
<br />For your legally issued Boñds, as described in said Notice of Sale and Bidding Instructions and Official Statement, we will pay you par and accrued
<br />interest from date of issue to date of delivery to us, plus a cash premium of $ for Bonds maturing and bearing interest as follows:
<br /> Principal Interest Principal Interest
<br /> Maturity Amount Rate Maturitv Amount Rate
<br /> 8-1-1993 $ 240,000 % 8-1-2001 S 225,000 %
<br /> 8-1-1994 155,000 % 8-1-2002 250,000 %
<br /> 8-1-1995 150,000 % 8-1-2003 250,000 %
<br />--
<br /> 8-1-1996 175,000 % 8-1-2004 250,000 %
<br /> 8-1-1997 175,000 % 8-1-2005 400,000 %
<br /> 8-1-1998 200,000 % 8-01-2006 425,000 %
<br /> 8-1-1999 200,000 % 8-1-2007 550,000 %
<br /> 8-1-2000 225,000 % 8-1-2008 730,000 %
<br />Our calculation (which is not a part of this bid) of the interest cost from the above is:
<br /> Total Interest Cost $
<br /> Less Premium
<br /> NET INTEREST COST $
<br /> EFFECTIVE INTEREST RATE %
<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 agencies as a result of said insu~nce will be paid
<br />by the city.
<br /> ¿
<br />The Initial Bond shall be registered in the name of . We will advise Mr. Robert Patterson, Corporate Trust Division,
<br />Ameritrust Texas N.A., P. O. Box 149036, Austin, Texas 78714-9036 (512-480-3132), the Paying AgentIRegistrar, our registration instructions at
<br />least five business days prior to the date set for Initial Delivery.
<br />A Cashier's Check of the Bank, ,in the amount of $92,000.00, 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 Instructions.
<br />We agree to accept delivery of and make payment for the Bonds in inunediately available funds in the Corporate Trust Division, Ameritrust Texas
<br />N .A., Austin, Texas, not later than 10:00 AM, CST, on December 22, 1992, or thereafter on the date the Bonds are tendered for delivery, pursuant
<br />to the tenns set forth in the Notice of Sale and Bidding Instructions.
<br />The undersigned agrees to 90mplete, execute, and deliver to the City, at least six business days prior to delivery of the Bonds, a certificate relating
<br />to the 'issue price' of the Bonds in the fonn and to the effect accompanying tJJ.e Notice of Sale and Bidding Instructions, with such changes thereto
<br />as may be acceptable to the City.
<br />We agree to provide in writing the initial reoffering prices and other terms, if any, to the rmancial Advisor by the close of the next business
<br />day after the award.
<br />Respectfully submitted,
<br />
<br /> By
<br /> Authorized Representative
<br /> ACCEPTANCE CLAUSE
<br />The above and foregoing bid is hereby 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 23rd day of November, 1992.
<br /> Mayor
<br /> City of San Marcos, Texas
<br />ATTEST:
<br /> City Secretary
<br />
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