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

Browse Search

0 • OFFICIAL BID FORM GENERAL OBLIGATION BONDS Honorable Mayor and City COLUICiI City of LaPorte 604 W. Fairmont Parkway La Porte, 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 or It, for Bonds maturing and bearing interest as follows: Maturitv Interest Rate Maturity Interest Rate 2001 ,y L''• 'yo 2011 I % 2002 _ % 21012 %, 2003 % 2013 7 __ %, 2004 % 2014 S. 7S %, 2005 %, 2015 : yC C. '%, 2006 % 2016 o 2007 % 2017 2009 _ 'I %, 2019 47, 2010 I_� % 2020 _ Ci %� GROSS INTEREST COST Less Premium $ NET INTEu-.s1' COST $ EFFECTIVE INTEREST RAPE S . % The Initial Bonds shall be re_istered in the name of A. G. EDWARDS & SONS, INC, (syndicate manager). Tile definitive Bonds will be registered to Cede x 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 Otfering Price Certificate, in the forni enclosed as Exhibit A to the Oflicial Notice of Sale. Attached hereto or submitted separately is a Bank Certified or Bank Cashier's Check of' tile in the amount of $65,000 which represents our Good Faith lhposit and which is submitted in accordance with the terms as set forth in the Official Notice of Sale.