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Exhibit B <br />Regulatory Disclosures Required of Municipal Advisors Pursuant to Municipal <br />Securities Rulemaking Board ("MSRB") Rules <br />The only compensation to be received by William Euphrat Municipal <br />Finance, Inc., in connection with this engagement shall be that specified in <br />section 6 of this Agreement. No compensation, either direct or indirect, <br />shall be charged by William Euphrat Municipal Finance, Inc., to any other <br />party in connection with this financing. <br />2. A statement of conflicts of interest is attached as Exhibit "C" to this <br />Agreement. <br />3. The Securities and Exchange Commission ("SEC') requires that <br />registered municipal advisors disclose legal and disciplinary events on <br />forms MA and MA -1 and files such forms with the SEC. These forms <br />include information regarding any criminal actions, regulatory actions, <br />investigations, terminations, judgments, liens, civil judicial actions, <br />customer complaints, arbitrations and civil litigation in which a registered <br />municipal advisor (form MA) or municipal advisor representative (form MA- <br />I) employed by such municipal advisor has been involved. For free <br />access to the forms MA and MA -1 filed by William Euphrat Municipal <br />Finance, Inc. visit the SEC web page, <br />https:l/www.sec.gov/edgarfsearchedgar/companVsearch.htmi and search <br />the name, William Euphrat Municipal Finance. <br />4. There have been no changes or additions to the legal or disciplinary event <br />disclosures on the forms MA and MA -1 on file with the SEC. <br />5. The scope of municipal advisory services to be performed under this <br />agreement are included as Exhibit "A" to this Agreement. <br />6. The term of this agreement is specified in section 3 of this Agreement. <br />This Agreement shall remain in effect until the closing of the Silicon Valley <br />Clean Water Wastewater Revenue Notes, Series 2019A, or until such time <br />as the City of Redwood City notifies William Euphrat Municipal Finance, <br />Inc., in writing that the agreement is terminated, whichever shall first <br />occur. <br />7. William Euphrat Municipal Finance, Inc., is registered as a Municipal <br />Advisor with the SEC and with the MSRB. <br />8. The MSRB has prepared a brochure for municipal advisory clients that is <br />posted on the MSRB website and which describes the protections that <br />may be provided by MSRB rules and how to file a complaint with an <br />appropriate regulatory authority. The brochure may be accessed at the <br />Page 11 of 15 <br />REV: 02-11-19 DZ <br />ATTY/AGR.2019.036/SVCW Wastewater Revenue Notes 2019A Municipal Advisor - Willainn Euphrat <br />