Laserfiche WebLink
EXHIBIT A <br />GOOD FAITH ESTIMATES <br />The good faith estimates set forth herein are provided with respect to the Bonds in accordance <br />with California Government Code Section 5852.1. Such good faith estimates have been provided to <br />the City by Urban Futures, Inc. (the City’s “Municipal Advisor”). <br />Principal Amount. The Municipal Advisor has informed the City that, based on the City’s <br />financing plan and current market conditions, it’s good faith estimate of the aggregate principal amount <br />of the City Bonds to be sold is $671,715,000 (the “Estimated Principal Amount”), which excludes <br />approximately $ 0 net premium estimated to be generated based on current market conditions. <br />True Interest Cost of the City Bonds. The Municipal Advisor has informed the City that, <br />assuming that the Estimated Principal Amount of the City Bonds is sold, and based on market interest <br />rates prevailing at the time of preparation of such estimate, its good faith estimate of the true interest <br />cost of the City Bonds, which means the rate necessary to discount the amounts payable on the <br />respective principal and interest payment dates to the purchase price received for the City Bonds, <br />is 3.42%. <br />Finance Charge of the City Bonds. The Municipal Advisor has informed the City that, <br />assuming that the Estimated Principal Amount of the City Bonds is sold, and based on market interest <br />rates prevailing at the time of preparation of such estimate, its good faith estimate of the finance charge <br />for the City Bonds, which means the sum of all fees and charges paid to third parties (or costs <br />associated with the City Bonds), is $2 million. <br />Amount of Proceeds to be Received. The Municipal Advisor has informed the City that, <br />assuming that the Estimated Principal Amount of the City is sold, and based on market interest rates <br />prevailing at the time of preparation of such estimate, its good faith estimate of the amount of proceeds <br />expected to be received by the City for sale of the City Bonds, less the finance charge of the City <br />Bonds, as estimated above, and any reserves or capitalized interest paid or funded with proceeds of the <br />City Bonds, is $669,702,346.. <br />Total Payment Amount. The Municipal Advisor has informed the City that, assuming that the <br />Estimated Principal Amount of the City Bonds is sold, and based on market interest rates prevailing at <br />the time of preparation of such estimate, its good faith estimate of the total payment amount, which <br />means the sum total of all payments the City will make to pay debt service on the City Bonds, plus the <br />finance charge for the City Bonds, as described above, not paid with the proceeds of the City Bonds, <br />calculated to the final maturity of the City Bonds, is $908,497,650. <br />EXHIBIT 4