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8.A. - Page 22 <br /> TABLE OF CONTENTS <br /> Page Page <br /> INTRODUCTION 1 Customer Base 29 <br /> General 1 ENTERPRISE FINANCIAL INFORMATION 31 <br /> The Authority 1 Budgetary Process 31 <br /> The City and the Enterprise 1 Financial Statements 32 <br /> Authority for Issuance of the Bonds 2 Enterprise Accounting 32 <br /> Purpose of the Bonds 2 Outstanding Enterprise Obligations 33 <br /> Security and Source of Repayment 2 Capitalization Policy 33 <br /> Outstanding Enterprise Debt 2 Historical Revenues,Expenses and Debt Service <br /> Future Parity Debt 2 Coverage 35 <br /> Rate Covenant 3 Projection of Revenues,Expenses and Debt <br /> Redemption 3 Service Coverage 36 <br /> Book-Entry Form 3 INVESTMENT OF CITY FUNDS 36 <br /> Continuing Disclosure 3 <br /> Tax Matters 4 CONSTITUTIONAL LIMITATIONS ON Professionals Involved in the Offering 4 APPROPRIATIONS AND FEES 37 <br /> XIIIA 37 <br /> Forward-Looking Statements 4 <br /> Other Matters 4 Article XIIIA 37 <br /> Other Information 5 Proposition 218 38 <br /> FINANCING PLAN 5 Effect of Proposition 218 on the City;Possible <br /> Limitations on Enforcement Remedies 40 <br /> ESTIMATED SOURCES AND USES OF PROCEEDS....6 Proposition 26 40 <br /> DEBT SERVICE REQUIREMENTS 6 Future Initiatives 41 <br /> THE BONDS 7 RISK FACTORS RELATING TO THE BONDS 41 <br /> General Provisions 7 General 41 <br /> Book-Entry Only System 7 Limited Obligations 42 <br /> Transfer and Exchange 7 Risks Relating to Water Supplies 42 <br /> Terms of Redemption 8 Wholesale Water Costs 42 <br /> SECURITY FOR THE BONDS 9 Seismic Considerations 43 <br /> Environmental Regulation 43 <br /> Revenues;Pledge of Revenues 9 Maintenance and Operation Costs 44 <br /> Installment Payments;Application of Systems Limited Recourse on Default 44 <br /> Revenues 10 Limitations on Remedies 44 <br /> Covenant to Maintain and Budget 12 Initiatives 44 <br /> Reserve Fund 12 Bankruptcy 44 <br /> Special Obligation;Obligations Absolute 13 Rate Process 44 <br /> Rate Covenants;Collection of Rates and Charges 14 Termination of Reserve Fund 45 <br /> Additional Debt 15 Insurance 45 <br /> Insurance;Net Proceeds;Condemnation Awards....17 Tax Exemption 45 <br /> THE AUTHORITY 18 Parity Obligations 45 <br /> THE ENTERPRISE 19 Secondary Market 45 <br /> General Background 19 APPROVAL OF LEGAL PROCEEDINGS 46 <br /> Management 19 LITIGATION 46 <br /> Service Area 19 <br /> Water Supply and Demand 19 RATINGS 46 <br /> Historical Wholesale Water Cost 22 CONTINUING DISCLOSURE 46 <br /> Water Conservation Program 22 TAX MATTERS 47 <br /> Water Storage and Distribution System 23 General 47 <br /> Water Quality and Environmental Issues and Form of Opinion 48 <br /> Regulatory Requirements 24 UNDERWRITING 48 <br /> Capital Improvement Program 25 <br /> Billing and Collection Procedures 25 MUNICIPAL ADVISOR 48 <br /> Current Water Rates,Fees and Charges 26 OTHER INFORMATION 49 <br /> Water Rate Increases 28 MISCELLANEOUS 49 <br /> Comparative Monthly Water Bills 29 <br /> APPENDIX A: GENERAL INFORMATION ABOUT THE CITY OF REDWOOD CITY AND SAN MATEO COUNTY <br /> APPENDIX B: COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY FOR THE FISCAL YEAR ENDED <br /> JUNE 30,2014 <br /> APPENDIX C: CITY INVESTMENT POLICY <br /> APPENDIX D: SUMMARY OF PRINCIPAL LEGAL DOCUMENTS <br /> APPENDIX E: FORM OF FINAL OPINION OF BOND COUNSEL <br /> APPENDIX F: FORM OF CONTINUING DISCLOSURE CERTIFICATE <br /> APPENDIX G: BOOK-ENTRY ONLY SYSTEM <br />