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C-1
<br />EXHIBIT C
<br />
<br />FORM OF NOTICE OF REDEMPTION
<br />
<br />
<br />$26,870,000
<br />City of Redwood City Public Financing Authority
<br />Water Revenue Refunding Bonds, Series 2013
<br />
<br />
<br />NOTICE IS HEREBY GIVEN, by the City of Redwood City Public Financing Authority
<br />(the “Authority”) that the captioned bonds (the “2013 Bonds”) have been defeased and
<br />discharged under and within the meaning of the Indenture of Trust, dated as of June 1, 2013
<br />(the “2013 Indenture”), by and between the Authority and U.S. Bank Trust Company, National
<br />Association as trustee (the “2013 Trustee”), and that the Authority has irrevocably elected to
<br />redeem the outstanding 2013 Bonds on _______, 2024 (the “Redemption Date”), at a
<br />redemption price equal to the par amount thereof together with accrued interest thereon to the
<br />redemption date, without premium (the “Redemption Price”).
<br />
<br />The 2013 Bonds consist of the following:
<br />
<br />Maturity
<br />Date
<br />CUSIP Outstanding
<br />Principal Amount
<br />Interest
<br /> Rate
<br />February 1, 2025 75788R DY3 $1,265,000 5.000%
<br />February 1, 2026 75788R DZ0 1,330,000 5.000
<br />February 1, 2027 75788R EA4 1,395,000 5.000
<br />February 1, 2028 75788R EB2 1,465,000 5.000
<br />February 1, 2029 75788R EC0 1,540,000 5.000
<br />February 1, 2030 75788R ED8 1,615,000 5.000
<br />February 1, 2031 75788R EE6 1,695,000 5.000
<br />February 1, 2032 75788R EF3 1,780,000 5.000
<br />February 1, 2033 75788R EG1 1,870,000 5.000
<br />February 1, 2034 75788R EH9 1,960,000 5.000
<br />
<br />
<br />On the Redemption Date, the Redemption Price will become due on each of the 2013
<br />Bonds, and after the Redemption Date, interest thereon shall cease to accrue. Funds for the
<br />payment of the 2013 Bonds have been deposited with the 2013 Trustee, as escrow agent and
<br />2013 Trustee, and the sufficiency of the funds and investments for the purpose of paying the
<br />principal of and interest on the 2013 Bonds has been verified by __________.
<br />
<br />Pursuant to the 2013 Indenture, the Redemption Price will be paid without presentation
<br />of the 2013 Bonds if presentment is not required and upon presentation of the 2013 Bonds if
<br />presentment is required. If presentment is required, surrender thereof can be made in the
<br />following manner:
<br />
<br />Delivery Instructions:
<br />U.S. Bank
<br />Global Corporate Trust
<br />111 Fillmore Ave E
<br />St. Paul, MN 55107
<br />
<br />The owners of the 2013 Bonds presenting their bonds in person for same day payment
<br />must surrender their bond(s) by 1:00 P.M. CST on the Redemption Date and a check will be
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