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e e OFFICIAL BID FORM CERTIFICATES OF OBLIGATION Honorable Mayor and City Council City of La Porte 604 W. Fainnont Parkway La Porte, TX 77571 Mayor and Members of the City Council: This bid is submitted under the bidding conditions of your Ollicial Notice of Sale daled March 13, 2000, of $3,000,000 City of La Porte, Texas, Certificates of Obligation, Series 2000, the tenns and conditions of which Ollicial Notice of Sale arc made a part hereo[ For your legally issued $3,000,000 of Ccrtilicates, as dcscribed in s,lid Ollicial Notice of Sale, wc will pay you par and accmcd interest, plus a cash premium of $ '- Cl .- lor Certificates maturing und hcuring inlerest as lollows. Maturitv Inlerest Rute Muturitv Interest Rate 2001 t; t'-O % 2011 S:-'J )- % 2002 % 2012 0). };:., % 2003 % 2013 S:k % .- . 2004 % 2014 .5", -( c % 2005 % 2015 .-:J. if ,,' % 2006 % 2016 .'i': 5" % 2007 % 2017 ) %, 20lJ8 % 2018 % 200lJ (.. Cre % 2019 'X, 20 J(J $, 5'"~ % 2112lJ So -. % . ~. . .OJ GROSS INTEREST COST $ /, 7 ~-~, .~ 7 5~ G~I Less Premium $ - " NET INTEREST COST $ /1 750 '27s,-. 6,' . EFFECTIVE INTEREST RATE s: .'=. -{-" i % TIle Initial Certificate shall be registered in the name of (S~lldicate manager). The definitive Certificates will he registered to Cede & Co., the nomince of The Depository Trust Company. The undersigned agrees to complete, eXt:cute, and deliver to the City, on the next business day aller award of the Certificates, the Initial Offering Price Certilicate, in the fonn enclosed as Exhibit B to the Ollicial Notice of Sale. Attached hereto or submitted separately is ,I Bank Certilied or Bank Cashier's Check of the in the amonnt of $60,0()(} which represents our Gocxl Faith Deposit and which is submittcd in uccordance with the tenns as set lorth in the Ollicial Notice of Sale.