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7
<br />Other Matters
<br />The summaries of and references to documents, statutes, reports and other instruments
<br />referred to in this Official Statement do not purport to be complete, comprehensive or definitive,
<br />and each such summary and reference is qualified in its entirety by reference to each document,
<br />statute, report or instrument. The capitalization of any word not conventionally capitalized or
<br />otherwise defined in this Official Statement indicates that such word is defined in a particular
<br />agreement or other document and, as used in this Official Statement, has the meaning given it in
<br />such agreement or document. See “APPENDIX D – SUMMARY OF PRINCIPAL LEGAL
<br />DOCUMENTS.”
<br />THE REFINANCING PLAN
<br />The Bonds are being issued to provide funds to (i) refinance the Refunded Bonds and the
<br />corresponding portion of the related installment payment obligation of the City, and (ii) pay the
<br />costs of issuing the Bonds.
<br />The Refunded Bonds were issued for the purpose of refunding the Authority’s City of
<br />Redwood City Public Financing Authority Water Revenue Bonds, Series 2007A (the “2007
<br />Bonds”) and paying the costs of issuance of the Refunded Bonds. The 2007 Bonds were issued
<br />to finance a portion of the costs of a water recycling project for the Enterprise. The Refunded
<br />Bonds consist of the amounts set forth in the following table.
<br />Water Revenue Refunding, Series 2013
<br />Maturity
<br />Date
<br />(February 1)
<br />Outstanding
<br />Principal
<br />Amount Interest Rate
<br />Redemption
<br />Price
<br />Redemption
<br />Date CUSIP†
<br />2025 $1,265,000 5.000%100%______, 2024 75788R DY3
<br />2026 1,330,000 5.000 100 ______, 2024 75788R DZ0
<br />2027 1,395,000 5.000 100 ______, 2024 75788R EA4
<br />2028 1,465,000 5.000 100 ______, 2024 75788R EB2
<br />2029 1,540,000 5.000 100 ______, 2024 75788R EC0
<br />2030 1,615,000 5.000 100 ______, 2024 75788R ED8
<br />2031 1,695,000 5.000 100 ______, 2024 75788R EE6
<br />2032 1,780,000 5.000 100 ______, 2024 75788R EF3
<br />2033 1,870,000 5.000 100 ______, 2024 75788R EG1
<br />2034 1,960,000 5.000 100 ______, 2024 75788R EH9
<br />TOTAL $15,915,000
<br />Upon the execution and delivery of the Bonds, a portion of the proceeds and available
<br />moneys from the Refunded Bonds shall be applied to the purchase of certain direct obligations of
<br />the United States of America, which, along with uninvested cash and earnings on the obligations,
<br />will be sufficient to pay accrued interest on the Refunded Bonds through _________, 2024 and
<br />to redeem the outstanding Refunded Bonds on _________, 2024 (the “Redemption Date”).
<br />† CUSIP Global Services (CGS) is managed on behalf of American Bankers Association by FactSet Research Systems Inc.
<br />Copyright 2024 CUSIP Global Services. This data is not intended to create a database and does not serve in any way as a
<br />substitute for the CGS database. CUSIP numbers are provided for convenience of reference only. None of the City, the Authority
<br />or the Underwriter take any responsibility for the accuracy of the CUSIP data.
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