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Exhibit A <br /> 6.2.C. - Page 9 City of Redwood City CONFIDENTIAL Page 3 <br /> TERM SHEET <br /> CITY: City of Redwood City ("City"). <br /> BANK: BBVA Compass Bank, through Compass Mortgage Corporation (the `Bank") <br /> James Yasso, Vice President <br /> Northern California Commercial Banking <br /> 8777 Sierra College Boulevard <br /> Roseville, CA 95661 <br /> Ph: (916) 789-4408 <br /> james.. a�(c(c�bbvacompass.com <br /> James Manning, Senior Vice President <br /> Government & Institutional Banking <br /> 2850 E. Camelback Rd., Ste. 140 <br /> Phoenix, CA 85016 <br /> Ph: (602) 778-0795 <br /> james.mannin�(a�bbvacom�ass.com <br /> FACILITY: Not to exceed $4,300,000 Tax Exempt Non-Bank Qualified Refunding Lease <br /> Agreement <br /> PURPOSE: To refund the outstanding portion of the City's $11,475,000 Lease Revenue Bonds <br /> issued in 2003 through City of Redwood City Public Financing Authority. <br /> REPAYMENT/ Obligation will amortize over 5 years with semiannual payments of principal and <br /> MATURITY: interest coming due on each 1/15 and 7/15 substantially consistent with the sample <br /> amortization schedule as provided herein (see schedule on page 8). <br /> RATE: Tax Exempt Fixed Rate of 1.56% fixed for the full tenor of the Obligation.** This <br /> rate is indicative and subject to change daily depending on market conditions. At <br /> the Borrower's option, fixed rate may be locked up to 60 days prior to closing upon <br /> formal acceptance of Commitment Letter by the Borrower. <br /> ** Indexed to 1.02% over the prevailing 3-year LIBOR swap rate. <br /> PREPAYMENT Obligation is non pre-payable. <br /> PROVISION: <br /> FEES: No origination fee <br /> City to pay legal expenses not to exceed $7,500 for review of documentation by <br /> Bank's counsel. <br /> City to pay all reasonable fees associated with the financing including, but not <br /> limited to, CDIAC fees, title policy fees, and any fees associated with bond <br /> counsel,placement agent or financial advisory services. <br />