OFFICIAL BID FORM (January 9, 2013)

Transcription

1 SALE DATE: (January 9, 2013) Española Public School District No. 55 c/o Hutchinson, Shockey, Erley & Co East Highland Avenue, Suite 316 Phoenix, AZ Attention: Secretary Members of the Board: OFFICIAL BID FORM (January 9, 2013) $9,800,000 ESPAÑOLA PUBLIC SCHOOL DISTRICT NO. 55 Rio Arriba and Santa Fe Counties, New Mexico General Obligation School Building Bonds Series 2013 Pursuant to your "Official Notice of Bond Sale," dated November 20, 2012, relating to the District's General Obligation School Building Bonds, Series 2013, ("Bonds") in the principal amount of $9,800,000, which by reference is made a part hereof, we submit the following bid: For your legally issued Bonds as described in the Official Notice of Meeting and Bond Sale, we will pay you par, plus accrued interest, if any, from the date of the Bonds to the date of delivery to us, plus a cash premium of $ (not to exceed 2% of the par amount of the Bonds or $196,000), provided the Bonds bear interest per annum as follows: Maturing (September 1) Principal Amount 2013 $540, , , , , , , , , , ,115, ,170,000 Interest Rate Yield

2 The net re-offering price for the Bonds does not exceed 102% of the par amount of the Bonds. If this bid is the best bid for the Bonds, we will send a wire transfer to the Española Public School District No. 55, in the amount of $196,000 prior to the acceptance of our bid by the Board, which wire transfer will be our good faith deposit and submitted in accordance with the terms set forth in the Official Notice of Bond Sale. We will pay the CUSIP Service Bureau charge, if any, for the assignment of CUSIP numbers. The undersigned agrees to complete, execute, and deliver to the District a Certificate Regarding Issue Price in the form attached as Exhibit A. We understand and agree that no more than fifty (50) copies of the final Official Statement, including any amendments or supplements thereto will be supplied to us at the District s expense and that any additional copies requested will be subject to a charge to us. By accepting this bid, you agree to provide such copies of the final Official Statement and of any amendments or supplements thereto in accordance with the Official Notice of Bond Sale, and you undertake your other obligations described therein, as contemplated by Rule 15c2-12 of the Securities and Exchange Commission. Respectfully submitted, By: Authorized Representative For informational purposes only, our calculation of the True Interest Cost is as follows: True Interest Cost: (stated as a nominal annual percentage) % Additionally, for informational purposes only, the following is requested: Gross Interest Cost: $ Less Premium Bid: $ Net Interest Cost: $ 2

3 Additional Rating (if any) at Cost of Bidder: Name of Rating Agency: 3

4 ACCEPTANCE CLAUSE The above bid is hereby accepted by the Española Public School District No. 55, Counties of Santa Fe and Rio Arriba, New Mexico, this 9 th day of January, ESPAÑOLA PUBLIC SCHOOL DISTRICT NO. 55 President Secretary Y:\dox\client\83769\0005\GENERAL\W DOCX 4

5 EXHIBIT A CERTIFICATE REGARDING ISSUE PRICE The undersigned hereby certifies as follows with respect to the $9,800,000 principal amount of Española Public School District No. 55, General Obligation School Building Bonds, Series 2013 (the "Bonds"). 1. The undersigned is the original purchaser which purchased the Bonds from the Española Public School District No. 55, Counties of Santa Fe and Rio Arriba, New Mexico (the "Issuer"). 2. The initial offering prices of the Bonds at which bona fide offers of sale of each maturity were made to the public are as follows: Maturity Date (September 1) Principal Interest Rate Yield Dollar Price Initial Offering Price 2013 $540, , , , , , , , , , ,115, ,170,000 $9,800, All of the Bonds were offered to the public at the initial offering prices set forth above and we reasonably expected to sell 10% of each maturity to the public (other than to bond houses, brokers and other intermediaries) at not more than the initial offering price of each such maturity. The aggregate of the initial offering prices of each maturity of the Bonds is [not to 5

6 exceed $9,996,000] (consisting of $9,800,000 as the par amount of the Bonds, plus a net reoffering premium in the amount of [not to exceed $196,000]). 4. The undersigned understands that the statements made herein will be relied upon by the Issuer in its effort to complete the Information Return for Tax-Exempt Governmental Bond Issues (Form 8038-G), required to be filed pursuant to the Internal Revenue Code of 1986, as amended and with regard to establishing facts and circumstances relied on by the Issuer and bond counsel in connection with the issuance of the Bonds and the exclusion of interest on the Bonds from gross income for federal income tax purposes. Such reliance is hereby authorized and approved. Executed and delivered this day of February, By Authorized Representative 6