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Res20 15920
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Res20 15920
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Last modified
11/24/2020 9:02:47 AM
Creation date
11/24/2020 9:02:43 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
11/23/2020
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11/23/2020 <br />EXHIBIT "A" <br />GOOD FAITH ESTIMATES PURSUANT TO <br />GOVERNMENT CODE SECTION 5852.1 <br />Set forth below are good faith estimates of Fieldman, Rolapp & Associates, Inc., the municipal <br />advisor, as required under Section 5852.1 of the Code. The following estimates have no <br />bearing on, and should not be misconstrued as, any not -to -exceed financial parameters <br />authorized by resolution. <br />(a) The true interest cost of the loan is estimated at 2.47%, calculated as provided in Section <br />5852.1(a)(1)(A) of the Code. <br />(b) The finance charge of the loan, including all fees and charges paid to third parties, is <br />estimated at $394,121. <br />(c) Proceeds of the loan allocated the City, including the estimated principal amount of the <br />proposed Bonds of $74,540,000, less the finance charges set forth in (b) above, is equal <br />to $74,145,879. <br />(d) The total payment amount allocated to the City calculated as provided in Section <br />5852.1(a)(1)(D) of the Code is estimated at $94,929,866. <br />The foregoing are estimates and the final costs will depend on market conditions and can <br />be expected to vary from the estimated amounts set forth above. <br />ATTY/RESO.0136/CC RESO AUTHORIZING EXECUTION & DELIVERY OF 4RTH AMENDMENT OF FINANCING AGR —SVCW BONDS <br />RESO. NO. 15920 <br />REV: 11-16-2020 MI MUFF NO. 505 <br />Page 4 of 4 <br />
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