1985-08-28 Special Called Meeting

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• • O F F I C I A L B I D F O R M G E N E R A L O B L I G A T I O N H O N D S, S E R I E S 1 9 8 5 Honorable Mayor and City Council City of La Porte La Porte, Texas Mayor and Members of the City Council: This bid is submitted under the bidding conditions of your "Official Notice of Sale" dated September 10, 1985 of 55,000,000 City of La Porte, Texas, General Obligation Bonds, Series 1985, the terms and conditions of which "Official Notice of Sale" are made a part hereof. For your legally issued $5,000,000 of Bonds, as described in said "Official Notice of Sale," we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ for Bonds maturing and bearing interest as follows: Interest Interest Maturity Rate Maturity Rate 1986 8 1996 8 1987 8 1997 B 1988 8 1998 $ 1989 8 1999 8 1990 B 2000 8 1991 9 2001 8 1992 8 2002 B 1993 8 2003 8 1994 9 2004 B 1995 8 2005 8 Interest cost, in accordance with the above bid, is: Gross Interest Cost $ Less Premium $ NET INTEREST COST $ EFFECTIVE INTEREST RATE $ The Initial Bonds shall be registered in the name of (syndicate manager). we will advise the First City National Bank of Houston, Houston, Texas, the Paying Agent/Registrar, our registration instructions at least five business days prior to the date set for Initial Delivery. We will not ask the Paying Agent/Registrar to accept any registration instructions after the five day period. Attached hereto or submitted separately is Hank Certified or Bank Cashier's Check of the in the amount of $100,000 which represents our Good Faith Deposit and which is submitted in accordance with the terms as set forth in the "Official Notice of Sale." We have read in detail the "Official Notice of Sale" and the "Official Statement" and we have made such' investigations as we deem necessary relating to the City and to the investment quality of the Bonds. • Respectfully submitted, By -