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Res15 15391
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Res15 15391
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Last modified
10/11/2019 7:52:31 AM
Creation date
10/11/2019 7:52:29 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
2/9/2015
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPOINTING CONSULTANTS, PROVIDING AUTHORIZATION TO ENTER INTO CONTRACTS AND DIRECTING STAFF TO TAKE CERTAIN ACTIONS IN CONNECTION WITH THE REFUNDING OF OUTSTANDING PUBLIC FINANCING AUTHORITY WATER REVENUE BONDS, SERIES 2006A
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02/09/2015 <br /> City of Redwood City <br /> Redwood City Public Financing Authority <br /> Water Revenue Refunding Bonds, Series 2015 <br /> Preliminary Sources and Uses of Funds <br /> SOURCES <br /> Bonds 17,860,000.00 <br /> Prior Reserve Fund Balance 1,573,906.25 <br /> Accrued Interest on 2006 Bonds 265,378.13 <br /> Orginal Issue Premium 2,358,422.50 <br /> Total Sources 22,057,706.88 <br /> USES <br /> Defeasance Escrow 20,970,378.13 <br /> Costs of Issuance <br /> Bond Counsel 40,000.00 <br /> � Financial Advisor 40,000.00 <br /> Trustee & Escrow Agent 3,500.00 <br /> OS Statistics, Publication Fees 1,200.00 <br /> Special Counsel 5,000.00 <br /> Trustee Counsel 1,000.00 <br /> OS Printing 1,800.00 <br /> Disclosure Counsel 30,000.00 <br /> Contingency 10,000.00 <br /> Rate Consultant 5,000.00 <br /> Bidding Platform 2,000.00 <br /> Ratings 50,000.00 <br /> Total 189,500.00 <br /> Underwriter's Discount @ 1.00% 178,600.00 <br /> Debt Service Reserve Fund @ .5 MADS 715,375.00 <br /> Bond Insurance at 0.00% - <br /> Rounding - 3,853.75 <br /> Total Uses 22,057,706.88 <br /> � RESO.#15391 <br /> MUFF#505 <br />
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