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SA-3 - RESO TAX ALLOCATION BOND
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SA-3 - RESO TAX ALLOCATION BOND
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Last modified
7/12/2018 5:35:37 PM
Creation date
7/12/2018 5:27:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
7/17/2018
Destruction Year
2023
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Refunding Results <br />Table 1 below shows the estimated sources and uses for the 2018 TABS. <br />Sources: <br />Par Amount $ 73,265,000 <br />Premium 1,646,240 <br />$ 74,911,240 <br />Reserve Account Release <br />Unspent Proceeds <br />Total Sources of Funds <br />Uses: <br />Refunding Escrow Deposits <br />Cash Deposit <br />SLGS Purchases <br />Costs of Issuance <br />Underwriter's Discount <br />Bond Insurance <br />Surety Policy <br />Total Uses of Funds <br />$ 6,710,261 <br />5,800,000 <br />$ 87,421,501 <br />$ 15,428,975 <br />70,710,300 <br />$ 86,139,275 <br />303,661 <br />278,407 <br />533,468 <br />166,690 <br />$ 87,421,501 <br />Tables 2 and 3 below show estimated nominal debt service savings and Net PV savings based on market <br />conditions as of 6/21/2018. <br />3 <br />SA -3-144 <br />
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