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<br />Jul-22-2002 03:50pm From-LEGG MASON 1IIIJANNE MURAKAMI <br /> <br />+612-337-3888 ~ <br /> <br />T-213 P.002 <br /> <br />F-3BB <br /> <br />OFFICIAL 811) FORM <br /> <br />Mayor and City COLlncil <br />City of l...a Porte <br />604 W. Fairmant Parkway <br />La Pone, TX 77572 <br /> <br />Mayor and City CoUJIcil Members; <br /> <br />This bid is submitted under the bidding conditions of your Official Notice of Sale dated 1uIy 8, 2002. of 55,400,000 City of La Porte, <br />Texas, Limited Tax Bonds, Series 2002. the terms and conditlOl'\s ofwhicb Official NOlicc of Sale arc made a part hereof. <br /> <br />For said Icgally issued Bonds, as described in slid Official Notice of Sale" we will pay you par and accrued intc:n:sr. plus a cash premium <br />ofS 3,'"15"". 1 0 for Bonds maturing and beating interesl as follOW$; . . <br /> <br /> lntcre.st Interest <br />Maturity Rate Manm ~ <br />2006 ~t'D % 2016 .tf..lf"O % <br />2007 ~...O() % 2017 '-I-S() % <br />2008 'l-.IJD % 2018 ~€'o % <br />2009 ~2..S:- % 2019 i.f.70 % <br />2010 11.2$ % 2020 II.. g () % <br />2011 ~pL S- % 2021 ~~ % <br />2012 9:.2~ % 2022 If_ 90 % <br />2013 If..$o % 2023 S.Ot"J % <br />2Oi4 #~SO % 2024 5".00 % <br />2015 ~3o % 2025 S:OO % <br />GROSS lNTBR.EST COST $ .313~"', 710 ,DO <br />LESS PREMJUM $ :311:/1-~. '0 ~ <br />NET INTEReST COST S '3,301 ,DS4~"o <br />EFFECTIVE INTEREST RATE tJ, 1 ....,~ % <br /> 4.~~:L9~ (p <br /> <br />The Initial Bond Bhatl be registc:red In the name of l..L.:t~ .AA..a.e>"'- /.J..J. J:. ~ ~,- <br />(syndicate manager), We will advise JPMorgan Chase Banlt! alias. Texas, the ResiSD'ar, Our rcsistration instructions at least five business <br />days prior to the date Set for Initial Delivery. Wc' will no~ ask the RegistnlJ' to accept any reglstraticm instrueriDDs after the five day period, <br /> <br />The undersJgnecl 8JT1l8S to complete, r:xecute, and deliver to the CIl)', on the next business clay after award of the Bonds, tho Issue Price <br />Certfficarc, in the fOlDl enclosed as Bxhlbit A to the Official Notice of SaJe. <br /> <br />Aaacbcd hereto or submitted sC)Jaralely is a Bank Certified or Baok .Cashier's Check of ~6~+ "Bc...""'''", /tJfJc . <br />in the an'lOUIlt ofS10B,OOO which repracnbl OLll' Good .Faith Deposit and which is submitted in accordaDce with the terms as set forth in d1c <br />OffIcial Notice of Sale. <br /> <br />7 <br />