2000-03-27 Regular Meeting and Public Hearing of La Porte City Council

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OFFICIAL BID FORM GENERAL OBLIGATION BONDS Honorable Mayor and City Council City of La Porte 604 W. Fairmont Parkway LaPorte, TX 77571 Mayor and Members of the City Council: This bid is submitted under the bidding conditions of your Official 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 Official Notice of Sale are made a part hereof. For your legally issued $3,250,000 of Bonds, as described in said Official Notice of Sale, we will pay you par and accrued interest, plus a cash premium of $ � 6— for Bonds maturing and bearing interest as follows: Maturity Interest Rate Maturity Interest Rate 2001 L 2 —5 % 2011 ,� , 1: % 2002 % 2012 ` . il' -. % 2003 % 2013 % 2004 % 20141 % 2005 % 2015 j� L 2006 % 2016 `-j , C� % 2007 % 2017 •ICI % 2008 % 2018 ,5. �S % 2009 e7 % 2019 S . ��7 % 2010 `�' t % 2020 (J 7 % GROSS INTEREST COST Less Premium NET 04TEREST COST EFFECTIVE INTEREST RATE $ �)�-TI.SCi I $ 0�0 — The Initial Bonds shall be registered in the name of First Southwest Company (syndicate manager). The definitive Bonds will be registered to Cede & Co., the nominee of The Depository Trust Company. The undersigned agrees to complete, execute, and deliver to the City, on the next business day after award of the Bonds, the Initial Offering Price Certificate, in the form enclosed as Exhibit A to the Official Notice of Sale. Attached hereto or submitted separately is a Bank Certified or Bank Cashier's Check of the Frost National Bank Austin _ in the amount of $65,000 which represents our Good Faith Deposit and which is submitted in accordance with the terms as set forth in the Official Notice of Sale.