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8.3.C. - Page 10
<br /> $9,900,000
<br /> Redwood City Public Financing Authority
<br /> Water Revenue Refunding Bonds,Series 2017
<br /> Bond Pricing Report
<br /> Original Issue
<br /> Yield to Call Call Premium
<br /> Date Principal Coupon Yield Price Maturity Date Price (Discount)
<br /> 2/1/18 365,000 3.00% 0.79% 102.196 8,015.40
<br /> 2/1/19 380,000 4.00% 0.88% 106.171 23,449.80
<br /> 2/1/20 395,000 4.00% 0.97% 108.937 35,301.15
<br /> 2/1/21 410,000 4.00% 1.09% 1 1 1.359 46,571.90
<br /> 2/1/22 425,000 5.00% 1.25% 118.121 77,014.25
<br /> 2/1/23 445,000 5.00% 1.40% 120.648 91,883.60
<br /> 2/1/24 470,000 5.00% 1.52% 123.025 108,217.50
<br /> 2/1/25 495,000 5.00% 1.64% 125.095 124,220.25
<br /> 2/1/26 51 5,000 5.00% 1.73% 127.144 139,791.60
<br /> 2/1/27 545,000 5.00% 1.82% 126.289 C 2.08% 2/1/26 100.00 143,275.05
<br /> 2/1/28 570,000 5.00% 1.93% 125.252 C 2.38% 2/1/26 100.00 143,936.40
<br /> 2/1/29 600,000 5.00% 2.01% 124.504 C 2.61% 2/1/26 100.00 147,024.00
<br /> 2/1/30 630,000 5.00% 2.08% 123.854 C 2.80% 2/1/26 100.00 150,280.20
<br /> 2/1/31 660,000 5.00% 2.14% 123.300 C 2.96% 2/1/26 100.00 153,780.00
<br /> 2/1/32 695,000 5.00% 2.20% 122.749 C 3.09% 2/1/26 100.00 158,105.55
<br /> 2/1/33 730,000 5.00% 2.27% 122.109 C 3.22% 2/1/26 100.00 161,395.70
<br /> 2/1/34 765,000 5.00% 2.32% 121.655 C 3.32% 2/1/26 100.00 165,660.75
<br /> 2/1/35 805,000 5.00% 2.42% 120.753 C 3.44% 2/1/26 100.00 167,061.65
<br /> 9,900,000.00 2,044,984.75
<br /> Par Amount 9,900,000.00
<br /> Premium (Discount) 2,044,984.75
<br /> Gross 11,944,984.75
<br /> Bond Insurance -
<br /> Underwriters Discount (99,000.00)
<br /> Bid 11,845,984.75 using 119.656
<br /> Accrued -
<br /> Net to Issuer 11,845,984.75
<br /> Gross Interest Cost 5,285,850.00
<br /> Net OIP (OID) 1,945,984.75
<br /> Net Interest Cost 3,339,865.25
<br /> NIC 2.55856% using 119.656
<br /> TIC Calculate using 119.656
<br /> Bond Years 130,537
<br /> Average Coupon 4.05%
<br /> Average Life 10.77 years
<br /> Dated 2/1/17
<br /> Delivery 2/1/17
<br /> Call Date 2/1/26
<br /> Safe Harbor Price 102.25
<br /> Prepared by William Euphrat Municipal Finance, Inc., 9/27/1 6 Page 3
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