My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
Res21 15978
RedwoodCity
>
City Clerk
>
Resolutions
>
City Council
>
2020-2029
>
2021
>
Res21 15978
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/30/2021 12:31:27 PM
Creation date
8/30/2021 12:31:21 PM
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
8/23/2021
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING EXECUTION AND DELIVERY OF THE FIFTH AMENDMENT TO FINANCING AGREEMENT WITH SILICON VALLEY CLEAN WATER RELATING TO AMENDMENTS TO AN EXISTING WIFIA LOAN AGREEMENT, ADDITIONAL WIFIA LOAN AGREEMENTS AND REVENUE NOTES, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
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 to Silicon Valley Clean Water, as required under Section 5852.1 of the California <br />Government Code (the "Code"). The following estimates have no bearing on, and should not be <br />misconstrued as, any not -to -exceed financial parameters authorized by resolution. The following <br />are estimates and the final costs will depend on market conditions and can be expected to vary <br />from the estimated amounts set forth below. <br />Wastewater Revenue Notes, Series 2021A <br />(a) The true interest cost of the 2021A Notes is estimated at 0.83%, calculated as provided <br />in Section 5852.1(a)(1)(A) of the Code. <br />(b) The finance charge of the 2021A Notes, including all fees and charges paid to third <br />parties, is estimated at $279,217. <br />(c) Proceeds of the 2021A Notes allocated to the City for the sale of the 2021A Notes, <br />including the estimated principal amount of the proposed 2021A Notes of $33,464,730, <br />plus the proposed premium of $2,024,617, less the finance charges set forth in (b) <br />above and capitalized interest fund of $2,554,597, is equal to $32,655,532 (estimated <br />amount for the Project Fund). <br />(d) The total payment amount calculated as provided in Section 5852.1(a) (1) (D) of the <br />Code is estimated at $33,464,730 (does not include interest payable from the capitalized <br />interest fund referenced in section (c)). <br />Wastewater Revenue Notes, Series 2021 B <br />(a) The true interest cost of the 2021 B Notes is estimated at 1.27%, calculated as provided <br />in Section 5852.1(a)(1)(A) of the Code. <br />(b) The finance charge of the 2021 B Notes, including all fees and charges paid to third <br />parties, is estimated at $297,369. <br />(c) Proceeds of the 2021 B Notes allocated to the City for the sale of the 2021 B Notes, <br />including the estimated principal amount of the proposed 2021B Notes of $35,864,088, <br />plus the proposed premium of $2,930,814, less the finance charges set forth in (b) <br />above and capitalized interest fund of $4,899,201, is equal to $33,598,030 (estimated <br />amount for the Project Fund). <br />(d) The total payment amount calculated as provided in Section 5852.1(a) (1) (D) of the <br />Code is estimated at $35,864,088 (does not include interest payable from the capitalized <br />interest fund referenced in section (c)). <br />ATTY/RESO.0061/CC RESO AUTHORIZING EXECUTION & DELIVERY OF FIFTH AMENDMENT— WIFIA LOAN RESO. NO. 15978 <br />REV: 08-11-2021 MI MUFF # 304 <br />Page 4 of 5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.