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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
<br />contained or incorporated in this Official Statement. The offering of the Bonds to potential investors is
<br />made only by means of this entire Official Statement. No person is authorized to detach this data page
<br />from this Official Statement or to otherwise use it without the entire Official Statement.
<br />This data page was prepared to present the purchasers of the Bonds information concerning the Bonds, the
<br />revenues pledged to payment of the Bonds, the description of the revenue base and other pertinent data,
<br />all as more fully described herein.
<br />The Issuer u_-uu_-_u- The City of San Marcos, Texas is a political subdivision located in Hays County
<br /> operating as a home-rule city under the laws of the State of Texas and a
<br /> charter approved by the voters in 1967. The City operates under the
<br /> Council/ Manager form of government where the mayor and six
<br /> councilmembers are elected for staggered three-year terms. The Council
<br /> formulates operating policy for the City while the City Manager is the chief
<br /> administrative officer. The City is approximately 17.4 square miles in area
<br /> (see Appendix A - "General Information Regarding the City").
<br />The Bonds-uu-_uuu- The Bonds are being issued in the principal amount of $3,595,000 pursuant to
<br /> the general laws of the State of Texas, particularly Article 1175, VATCS, and
<br /> an Ordinance passed by the City Council of the City (see "Bond
<br /> Information - Authority for Issuance").
<br />Qualified Tax-Exempt
<br />Obligationsu----uuu The City will designate the Bonds as "Qualified Tax-Exempt Obligations" for
<br /> financial institutions (see "Other Relevant Information - Qualified Tax-
<br /> Exempt Obligations").
<br />Security for the Bonds -u The Bonds constitute direct and voted obligations of the City payable from a
<br /> continuing ad valorem tax levied on all taxable property within the City in an
<br /> amount sufficient to provide for payment of principal of and interest on all ad
<br /> valorem tax bonds, within the limits prescribed by law (see "Bond
<br /> Information - Security for Bonds").
<br />Optional Redemption ---- The City reserves the right, at its option, to redeem Bonds having stated
<br /> maturities on and after August 1,2001, in whole or in part in principal
<br /> amounts of $5,000 or any integral multiple thereof, on August 1, 2000, or any
<br /> date thereafter, at the par value thereof plus accrued interest to the date
<br /> fixed for redemption (see "Bond Information - Redemption of Bonds").
<br />Tax Exemption--u--u-- In the opinion of Bond Counsel, the interest on the Bonds will be excludable
<br /> from gross income for federal income tax purposes under existing law, subject
<br /> to the matters described under "Other Relevant Information - Tax Exemption"
<br /> herein, including the alternative minimum tax on corporations.
<br />Use of Bond Proceeds _u- The Bond proceeds will be used for (1) the construction of a City police
<br /> facility, (2) the design and construction of a library, (3) the purchase of
<br /> firefighting equipment, (4) making various City park improvements, and (5)
<br /> paying for the costs of issuance of the Bonds.
<br />Payment Record --u_u- The City has never defaulted.
<br /> Selected Issuer Indices
<br /> Ratio Funded
<br />Fiscal Per Capita Per Capita Debt to
<br />Year Estimated Taxable Taxable Funded Funded Taxable 96 of
<br />Ended City Assessed Assessed Tax Tax Assessed Total Tax
<br />9/30 Population Valuation Valuation Debt Debt Valuation Collections
<br />1987 34,650 $781,212,501 $22,546 $10,000,000 $288.60 1.2896 97.9196
<br />1988 34,650 784,432,857 22,639 16,296,000 470.30 2.0896 99.5096
<br />1989 36,900 655,114,637 17,754 15,695,000 425.34 2.4096 10 1. 2596
<br />1990 36,864 684,341,049 18,564 14,945,000 405.41 2.1896 99.0896
<br />1991 34,500 652,831,326 18 ,926 17,890,000 518.55 2.7496 87.0096(1)
<br />(1) As of March 31, 1991.
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