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Res18 15642
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Res18 15642
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Last modified
10/11/2019 7:57:47 AM
Creation date
10/11/2019 7:57:38 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/22/2018
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING DOCUMENTS AND ACTIONS RELATING TO SILICON VALLEY CLEAN WATER 2018 WASTEWATER REVENUE BONDS
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EXHIBIT A <br />REQUIRED GOOD FAITH ESTIMATES PURSUANT TO <br />GOVERNMENT CODE SECTION 5852.1 <br />(SB 450 effective January 1, 2018)* <br />True Interest Cost of the Bonds: 3.24%. <br />Finance charge for the portion of the Bonds which is allocable to the <br />City, being the sum of all fees and charges paid to third parties <br />(Costs of Issuance of approximately $244,844 plus estimated <br />underwriter's compensation and bond insurance assuming bond <br />insurance is obtained): $809,394. <br />3. Amount of proceeds of the Bonds expected to be received by the <br />Authority which is allocable to the City, net of proceeds for Costs of <br />Issuance described in (2) above and net of capitalized interest (if <br />any) and reserves (if any) paid or funded with the proceeds of the <br />Bonds: $87,692,601. <br />4. Total payment amount for the portion of the Bonds which is <br />allocable to the City, being the sum of (a) debt service to be paid on <br />the Bonds to final maturity, plus (b) any financing costs not paid <br />from proceeds of the Bonds: $140,253,404. <br />'All amounts and percentages are estimates, and are made in good faith by the Authority <br />based on information available as of the date of adoption of this Resolution. Estimates <br />include certain assumptions regarding tax-exempt rates available in the bond market at <br />the time of pricing the Bonds. <br />ATTY/RESO.0006/CC RESO APPROVING REVENUE BONDS <br />REV: 01-16-18 JS <br />Page 4 of 4 <br />RESOLUTION NO. 15642 <br />MUFF NO. 505 <br />
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