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<br />Table 5 2007 Update
<br />Redwood City Water Financing Plan
<br />Debt Service Estimates
<br /> 2005 Bonds 2006 Bonds 2007 Bonds
<br /> Actual Actua/ Projected Total
<br />Issuance Date Feb-05 Feb-06 Jun-07
<br />Bond Issue Size $35,790,000 $26,000,000 $15,225,000 $77,015.000
<br />Proceeds for Project 32,807,000 23,757,000 13,850,000 70,414,000
<br />Issuance Costs
<br />Underwriter's Discount 180,100 341.900 152,000 674,000
<br />Original Issue Discount/(Premium) 299,100 58,500 tbd 357,600
<br />Costs of Issuance 204,100 176,530 200,000 580,630
<br />Bond Insurance 134,400 91,000 79,000 304,400
<br />Reserve Fund 2,164,400 1.573,900 940,000 4,678,300
<br />Mise/Rounding 900 1.170 4,000 6.070
<br />Total 2,983,000 2,243,000 1,375,000 6,601,000
<br />Bond Terms
<br />Term (years) 29 29 28
<br />Est. Avg. Interest Rate 4.23% 4.28% 4.25%
<br />Debt Service
<br />Average Annual Payment 2.149,800 1 ,571 ,400 940,000 4,661,200
<br />Less Interest on Rsrv Fund (at bond rate) (92.000) (67.000) (40.000) (199000)
<br />Net Annual Payment 2,057,800 1,504,400 900,000 4,462,200
<br />Total Payments Over Life of Bonds 62,345.000 45,570,000 26.320,000 134,235,000
<br />Total Net Payments Over Life of Bonds 57.511,800 42,053.700 24,260,000 123,825,500
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<br />BARTLE WELLS ASSOCIA TES
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<br />Attachment 5
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