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e e OFFICIAL BID FORM G"ENERAL OBLIGATION BONDS Honorable Mayor amI City Council City of La Porte 604 W. Fainnont Parkway La Porte, TX 77571 Mayor and Membt:rs of the City Council: This bid is submitted under the bidding conditions of your Ol1icial Notice of Sale dated March 13, 2000, of $3,250,000 City of La Porte, Texas, General Obligation Bonds, Series 2000, the terms and conditions of which Ollicial Notice of Sale arc made a part hereof. For your legally issued $3,250,000 of Bonds, as described in snid Ollicial Notice of Sale, we will pay you par and nccmed interest, plus a cash premium of $ ';:' for Bonds maturing and hearing interest as follows: Maturitv Interest Rate Maturitv Interest Rate 2001 7n:. % 2011 .6-; I c. 'Y.. 2002 % 2012 5' . c-D 'X, 2003 % 2013 % 2004 % 2014 % 2005 % 2015 'Yo 2006 % 2016 % 2007 % 2017 %. 2008 % 2018 % 2009 7. C-Cr 'Yc, 2019 I 'Y., 2010 (, . Cj c.' % 2020 !-::. t (,1 % GROSS INTEREST COST $ I, Ci.~ 'f I'~ c! /; , Less Premium $ NET INTEREST COST $ /, q.V-/. I '7S. (.~o EFFECTIVE INTEREST RATE -~.:{''7,,?? % The Initial Bonds shall be reg.istered in the name of CAIN RAUSCHER INC. (syndicate manager). The delinitive Bonds will ht: registered to Cede &. Co., the nominee of The Depository Tmst Company. TIle undersigned agrees to complete, execute, and deliver to the City. on the next bnsiness day aner award of thc Bonus, the Initial Ollering Price Certificate, in the tonn enclosed as Exhibit A to the Oflicial Notice of Sale. Attached hereto or submitted separatdy is a l3ank Certilied or Bank Cashier's Check or the FR.o~,.. AA 10K. in the amount of $65,000 which represents our Good Faith Deposit and which is submitted in accordance with the tenns as set forth in the Official Notice or Sale.