R-1999-26 - Laserfiche WebLink

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e e EXHIBIT A ISSUE PRICE CERTIFICATE The undersigned hereby certifies as follows with respect to the sale of $8,080,000 La Porte Area Water Authority (the "Authority"), Contract Revenue Refunding Bonds, Series 1999 (the "Bonds"): 1. The undersigned is the underwriter or the manager of the syndicate of underwriters which has pW'Chased the Bonds from the Authority at competitive sale. 2. The first price for each maturity of the Bonds at which a substantial amount (at least ten percent) of such maturity is sold to the public (expressed as a percentage of principal amount and exclusive of accrued interest) is set forth below: Principal Principal Amount Year of Offering Amount Maturing Maturitv Price % MaturinE! Year of Maturitv Offering Price % 5370,000 2002 % $525,000 2010 % 385,000 2003 % 550,000 2011 % 405,000 2004 % 580,000 2012 % 420,000 2005 % 615,000 2013 % 445,000 2006 % 640,000 2014 % 460,000 2007 % 670,000 2015 % 485,000 2008 % 705,000 2016 % 505,000 2009 % 320,000 2017 % 3. The Underwriters have made a bona tide offering to the public of all the Bonds of each maturity at the initial offering prices to the public, as set out above. The initial offering price set forth above is the price at which the Underwriters expected, on the date the Bonds were purchased by the Underwriters, to offer such Bonds to the general public and such price has not been adjusted to take into account actual facts after such date. 4. The initial offering prices described above for each maturity of the Bonds reflect current market prices at the time such prices were established. 5. The Underwriters (have) (have not) purchased bond insurance for the Bonds. The bond insurance, if any, has been pW'Chased from (the "Insurer") for a premium cost of $ (net of any nonguarantee cost, e.g., rating agency fees). The amount of such cost is set.forth in the Insurer's c:ommitment and is separately stated from all other fees or charges payable to the Insurer. The premium does not exceed a reasonable charge for the transfer of credit risk taking into aCCO\Ult payments charged by guarantors in comparable transactions (including transactions in which a guarantor has no involvement other than as a guarantor). The present value of the debt service savings expected to be realized as a result of such insurance exceeds the present value of the insurance premium discounted at a rate equal to the yield on the bonds which results assuming recovery of the insurance premium. 6. The tenn "public", as used herein, means persons other than bondhouses, -brokers, dealers, and similar persons or organizations acting in the capacity of\Ulderwriters or wholesalers. 7. The undersigned understands that the statements made'herein will be relied upon by the Authority in complying with the conditions imposed by the Internal Revenue Code of 1986, as amended, on the exclusion of interest on the Bonds from the gross income of their owners for federal income tax pwposes. EXEClJIED AND DEllVERED TIllS .1999. (Name of Underwriter or Manager) By Title ;11