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<br />OFFICIAL NOTICE OF SALE <br /> <br />$_________* <br />CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY <br />WATER REVENUE REFUNDING BONDS, <br />SERIES 2017 <br /> <br /> <br />NOTICE IS HEREBY GIVEN that electronic bids only will be received by representatives <br />of the City of Redwood City Public Financing Authority (the “Authority”) for the purchase of <br />$18,955,000* aggregate principal amount of the bonds of the Authority designated the “City of <br />Redwood City Public Financing Authority Water Revenue Refunding Bonds, Series 2017” (the <br />“Bonds”). <br /> <br />The Bonds will be issued pursuant to the provisions of Article 4 (commencing with <br />section 6584) of Chapter 5 of Division 7 of Title 1 of the California Government Code (the <br />“Law”), an indenture of trust, dated as of March 1, 2017 (the “Indenture”), between the Authority <br />and U.S. Bank National Association, as trustee (the “Trustee”), and a resolution of the Authority <br />adopted on January 23, 2017. <br /> <br />DATE AND TIME: [day], [date], until 8:30 A.M. (Pacific Daylight time). <br /> <br />Bidders are referred to the preliminary official statement of the Authority with respect to <br />the Bonds (the “Preliminary Official Statement”) for additional information regarding the Bonds <br />and the security therefor, and other matters. See “TERMS OF-SALE—Official Statement” <br />below. <br /> <br />This Official Notice of Sale will be submitted to Ipreo for posting on its i-deal Prospectus <br />website (www.i-dealprospectus.com) and on its Ipreo’s I-Deal LLC BIDCOMP/PARITY® <br />(“Parity”) bid delivery system. If any summary of the terms of the sale of the Bonds posted by <br />Ipreo or Parity conflicts with this Official Notice of Sale in any respect, the terms of this Official <br />Notice of Sale shall control, unless a notice of an amendment is given as described herein. For <br />further information about Parity, potential bidders may contact: William Euphrat Municipal <br />Finance, Inc., 3100 Clay St., San Francisco, CA 94115-1626, telephone (415) 929-1564, email <br />weuphrat@WEMuniFinance.com, attention William Euphrat (the “Municipal Advisor”), or Parity <br />at (212) 849-5021. <br /> <br />PURPOSE: The Bonds are being issued to (a) refinance the acquisition and construction <br />of certain improvements and facilities which constitute part of the City of Redwood City’s (the <br />“City”) municipal water enterprise (the “Enterprise”) and, in particular, to provide for the <br />refunding of the City’s obligations with respect to the Authority’s Water Revenue Bonds, Series <br />2007A, in the original principal amount of $15,150,000 (the “Refunded Bonds”); and (b) pay the <br />costs of issuing the Bonds. <br /> <br />SECURITY: The Bonds are secured by Revenues as defined in the Indenture, primarily <br />consisting of installment payments (the “Installment Payments”) made by the City under an <br />installment purchase contract, dated as of March 1, 2017 (the “Installment Purchase Contract”), <br />between the Authority, as seller, and the City, as purchaser. The Installment Payments are <br /> <br />* Preliminary; subject to change. <br />8.C. - Page 193