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L~A~I~E 1~~9NSC3~5 ~l1~~3-NfJTEf~ C~3~IF~R.Ei~~~ t~~-LL <br />~N ~AS~ ~LC~VV FIN~NC~I~f~ ~~~~R~t~ <br />The League of California Cities, together with <br />the California State Association of Counties <br />(CSAC) and California Communities, is co- <br />sponsoring aweb-hosted conference call for city <br />and county officials on the cash flow financing <br />program. The ca{I will take place on Thursday, <br />March 1, from 9 a.m. to 10 a.m. <br />This year's tax and revenue anticipation notes <br />(TRANs) program includes new features that long- <br />time participants and prospective new participants <br />will want to know about. Cities and counties that <br />wish to participate in the 2007 financing program <br />may enrol! online beginning on Feb. 26, at <br />www. cscda.gwikdox. com. <br />The 2007 Cash Flow Financing Program <br />offers: <br />• Large and Small Borrowers -The <br />program accommodates ail cash flow borrowing <br />sizes. Cash flow borrowings have ranged from a <br />high of $235 million to as little as $100,000. <br />• Time Savings -Accessing the capital <br />markets has never been easier. Participants <br />estimate that the program takes about 25 percen# <br />of the time compared to a stand-alone TRANs <br />issuance. <br />• Excellent Pricing -Our underwriting <br />team lead by Lehman Brothers, with Bank of <br />America, Citigroup, and E.J. De La Rosa will <br />deliver excellent interest rate pricing as demon- <br />strated in recent years. The program also offers a <br />competitively bid investment contract as an <br />investment alternative to participating cities. <br />• Maturity Options -The program offers <br />12 and 13 month maturities. These maturity <br />options enable cities to maximize the benefits of a <br />cash flow financing. <br />8A <br />Page 2 <br />To view the presentation on the Internet, visit <br />https ://www. ca I I info. co m/ <br />prt'?host=globalcrossing8~an=8663654406&ac=3624137 <br />For audio access, call (866} 365-4406. The <br />access code for this call is 3624137# <br />if you have questions, please contact: <br />• RBC Capital Markets: Catherine Bando, <br />(213) 362-4137, Catherine.bando@rbccm.com <br />• California Communities: James Hamill, <br />(800) 635-3993, ext. 216, <br />jhamill@cacommunities.org <br />• League of California Cities: Dan <br />Harrison, (916) 658-8267, dharrison@cacities.org <br />Leaving C~t~ 4~~ice? Retiring? <br />The League wants to stay in touch! <br />Just because you are leaving your position <br />with the city doesn't mean you stop caring <br />about or wanting to be involved in city <br />issues. Keep abreast of developments <br />a#fecting cities and the League by becom- <br />ing part of the League's alumni group. <br />Members will receive periodic updates on <br />city issues and League activities. This is <br />the League's way of saying "thank you" for <br />your public service-there is no fee for this <br />service. <br />To join, go to www.cacities.orglalumni <br />or send your contact information to <br />dharrison@cacities.org. <br />PAGE 2 -PRIORITY FOCUS <br />February 23, 2007 -Issue #8 <br />Visit the League's Official Website--www.cacities.org <br />