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i <br />TABLE OF CONTENTS <br />Page <br />INTRODUCTION ..........................................................................................................................................4 <br />General............................................................................................................................................4 <br />The Authority....................................................................................................................................4 <br />The City and the Enterprise.............................................................................................................5 <br />Security for the Bonds......................................................................................................................5 <br />Outstanding Enterprise Debt............................................................................................................5 <br />Future Parity Obligations .................................................................................................................6 <br />No Reserve Fund.............................................................................................................................6 <br />Rate Covenant.................................................................................................................................6 <br />No Redemption................................................................................................................................6 <br />Other Matters...................................................................................................................................7 <br />THE REFINANCING PLAN...........................................................................................................................7 <br />ESTIMATED SOURCES AND USES OF FUNDS........................................................................................8 <br />THE BONDS.................................................................................................................................................9 <br />General............................................................................................................................................9 <br />Transfer, Registration and Exchange ..............................................................................................9 <br />No Redemption................................................................................................................................9 <br />Book-Entry Only System..................................................................................................................9 <br />DEBT SERVICE SCHEDULE.....................................................................................................................10 <br />SECURITY AND SOURCES OF PAYMENT FOR THE BONDS ...............................................................11 <br />Revenues; Pledge of Revenues ....................................................................................................11 <br />2024 Installment Payments; Application of Gross Revenues........................................................12 <br />Covenant to Maintain and Budget..................................................................................................13 <br />No Reserve Fund...........................................................................................................................14 <br />Special Obligation; Obligations Absolute.......................................................................................14 <br />Rate Covenants; Collection of Rates and Charges .......................................................................14 <br />Additional Debt...............................................................................................................................15 <br />Insurance; Net Proceeds; Condemnation Awards.........................................................................18 <br />THE AUTHORITY.......................................................................................................................................19 <br />THE CITY....................................................................................................................................................19 <br />THE ENTERPRISE.....................................................................................................................................20 <br />General Background......................................................................................................................20 <br />Management..................................................................................................................................21 <br />Service Area ..................................................................................................................................22 <br />Water Supply and Demand............................................................................................................22 <br />Historical Wholesale Water Cost ...................................................................................................26 <br />Drought Measures .........................................................................................................................27 <br />Water Storage and Distribution System.........................................................................................28 <br />Water Quality and Regulatory Requirements ................................................................................28 <br />Capital Improvement Program.......................................................................................................29 <br />Billing and Collection Procedures..................................................................................................30 <br />8.A. - Page 15 of 255 <br />643