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4 <br />OFFICIAL STATEMENT <br />$___________* <br />CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY <br />(San Mateo County, California) <br />Water Revenue Refunding Bonds, Series 2024 <br />INTRODUCTION <br />This introduction is not a summary of this Official Statement. It is only a brief description <br />of and guide to, and is qualified by, more complete and detailed information contained in the entire <br />Official Statement, including the cover page and appendices, and the documents summarized or <br />described in this Official Statement. A full review should be made of the entire Official Statement. <br />The offering to potential investors is made only by means of the entire Official Statement. <br />Capitalized terms used but not defined in this Official Statement have the meanings set <br />forth in the Indenture (as defined below). See “APPENDIX D – Summary of Principal Legal <br />Documents.” <br />General <br />The City of Redwood City Public Financing Authority (the “Authority”) is issuing its Water <br />Revenue Refunding Bonds, Series 2024 (the “Bonds”) under Article 4 of Chapter 5 of Division 7 <br />of Title 1 of the Government Code of the State of California, commencing with Section 6584 (the <br />“Bond Law”), a resolution adopted by the Board of Directors (the “Board”) of the Authority on <br />[August 26], 2024 (the “Authority Resolution”), a resolution adopted by the City Council (the <br />“City Council”) of the City of Redwood City (the “City”) on [August 26], 2024 (the “City <br />Resolution”), and an Indenture of Trust (the “Indenture”), dated as of September 1, 2024, by <br />and between the Authority and U.S. Bank Trust Company, National Association, as trustee (the <br />“Trustee”). The Bonds will be issued in fully registered form, registered in the name of The <br />Depository Trust Company, New York, New York (“DTC”), or its nominee, which will act as <br />securities depository for the Bonds. Purchasers of the Bonds will not receive certificates <br />representing the Bonds that are purchased. See “THE BONDS – Book-Entry Only System” and <br />“APPENDIX G – DTC AND THE BOOK-ENTRY ONLY SYSTEM.” <br />The Bonds are being issued to provide funds to (i) refund all of the outstanding <br />$15,915,000 principal amount of the City of Redwood City Public Financing Authority’s Water <br />Revenue Refunding Bonds, Series 2013 (the “Refunded Bonds”) and a related installment <br />payment obligation of the City; and (ii) pay the costs of issuing the Bonds. See “THE <br />REFINANCING PLAN.” <br />The Authority <br />The Authority is a joint powers authority, formed under California law for the purpose of <br />implementing the construction, acquisition, maintenance and improvement of public facilities and <br />infrastructure within the City. See “THE AUTHORITY.” <br />* Preliminary; subject to change. <br />8.A. - Page 18 of 255 <br />646