Res 1991-052 - Laserfiche WebLink

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This Official Statement does not constitute an offer to sell Bonds in any jurisdiction to any person to whom it is unlawful to make such offer in such jurisdiction. No dealer, salesman, or any other person has been authorized to give any information or make any representation, other than those contained herein, in connection with the offering of these Bonds, and if given or made, such information or representation must not be relied upon. The information and expressions of opinion herein are subject to change without notice and neither the delivery of this Official 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 since the date hereof. TABLE OF CONTENTS PaRe No. Official Statement Description of the Bonds --------------------------------------------------------- I City Administration Elected Officials---------------------------------------------------------------- 3 Appointed Officials ----- -- ---- ----- ----- ---- - ---- --- ---- ------ -------- ------- - -- 3 Consultants and Advisors ----- - -- --- --------- ----- - --- --- ---- ------ ---------- - - --- 3 Selected Data from the Official Statement uu_u_-------_uu_u_---uU_u-u_u__u 4 Bond Information Authority for Issuance ----------------- ------- -- ------ --- ------------ ---------- -- 5 Security for Bonds ----- ----- -- -- -- --- ----- --- -- - ----- - -- - - - -- --- ----- ----- - -- - -- 5 Redemption of Bonds --- -------- ---- ------ -- --- .,.--------- - -- -- -- - --- -- ------- - --- 5 Paying Agent/Registrar -- u-u_uu- u- --_u_- - _u -- - -_u- _u__u -- _u- -_uu__u 5 Transfer, Exchange and Registration ------_u-_uu_uuu-uuuuuuu__uu_u- 5 Limitation on Transfer of Bonds Called for Redemption --------_uu_u_uuuu_uu 6 Record Date for Interest Payment----u_uu_----------------_uuu_u__u_uuu 6 Use of Bond Proceeds ------ ------ ---------- -- -- - -- - -- -- --- ---- ---- ----- ----- --- -- 6 Sources and Uses of Funds-------------------------------------------------------- 6 Tax Information Ad Valorem Tax Law ------------------------------------------------------------ 7 Valuation, Exemptions and Debt Obligations ----------------u_u_u_u_u_----_u-- 8 Taxable Assessed Valuations by Category -----------------_uuu----_u_-----u---- 9 Valuation and Funded Debt History u__u_---u_-------_u_u_u__uuuu__u_u_- 10 Tax Rate, Levy and Collection History u_u_--------_u_---_u_uuuuu_--u_uu 10 Ten Largest Taxpayers----------------------------------- ------------------------ 11 Tax Rate Limitation ---- - --- ------- --- - - ---- -- - ---- -- ----- - - -- ---- -------- - - - - --- 11 Assessed Valuations, Tax Rates, Outstanding Debt and Authorized But Unissued Bonds of Overlapping Taxing Jurisdictions -_u_---_u_-------u-uu_- 11 Debt Information Debt Service Requirements -uu_u - u -- -- -- u u_- _u- - ----u _u uu u- -- _u u _u- 12 Estimated Direct and Overlapping Funded Debt Payable From Ad Valorem Taxes u_--u- 13 Interest and Sinking Fund Budget Projection u------_u_--u_u---------u--u----u 13 Computation of Self-Supporting Debt ---_u_-----------u-u----------_u_----uu- 13 Authorized General Obligation Bonds -_u_uu_----u--u_u----uuu_u_--uuu- 14 Anticipated Issuance of General Obligation Bonds --------_u---------_u----uuuu 14 Funded Debt Limitation ---------- ----- ---- ------ ------ -------- -------- - --------- - 14 Other Obligations ------- -- -- - ---- ------------ -- -- -- ¡.---- ---- - ---- --------------- 14 Pension Fund ------------------------------------------------------------------- 14 Financial Information General Fund Revenues and Expenditures History _uuu_u_u--_u_--_u_u--uuu- 15 Municipal Sales Tax History _u_---_u_-_uuu_u_u__uuu_u-uuuuu_-uu- 16 Financial Administration -- -- --- --- - - - - - - --- - - - --- - - ------- - - - - --- - - - - --- -- u - - - - - 16 Financial Policies - ----- - - -- - - -- - - - - - - - - - -- - - - - - - - ---- - - -- - - - - -- --- - - - - ---- - - -- - - 16 Other Relevant Information Ra tings - - --- - -- - - - -- --- - - - - - - -- - - -- - - -- - - - - - -- - -- - - - - -- - - - - - ---- - - - - - - - - --- - - -- 17 Tax Exemption -------- ---- --------- ---- ------- ------- ------ --------- - ------- --- 17 Qualified Tax-Exempt Obligations - - _u - - -- - u - - -- - - - - u- u - u - - u- - u - - u - - u - - - - - 17 Tax Accounting Treatment of Discount Bonds u_uuuu-u_u__u_-_u_---u_u_--- 17 Litigation ---- --- - - - -- - -- -- - ---- - - - - -- - - -- - -- -- - - - - - --- - - - - - - - - - - - - - - - - -- - - - - - - - 18" Registration and Qualification of Bonds for Sale --_u_u__u_u_u_-_u_--------_uu 18 Legal Investments and Eligibility to Secure Public Funds in Texas-u---_uu_uuuuu 18 Legal Opinions and No-Litigation Certificate u_--------_u_--------_u----_uu__u 18 Authenticity of Financial Data and Other Information-----------u_u__u__u_---_u- 19 Financial Advisor --------------------------------------------------------------- 19 Certification of the Official Statement u-u_-----_u-uu_u_u__uu_uu_--_u_- 19 Appendices General Information Regarding the City _uuu--_u_-u-----u_----_uu_u_-_uu- A Excerpts From the AMual Financial Report uu_u_uu-----u----_u_------u_u-- B Form of Bond Counsel's Opinion --------------------------------------------------- C The cover page hereof, this page, the appendices included herein and any addenda, supplement or amendment hereto, are part of the Official Statement. - 2 -