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above, not paid with the proceeds of the Refunding Bonds, calculated to the final maturity <br />of the Refunding Bonds, is $88,911,277. <br />The foregoing estimates constitute good faith estimates only. The actual principal <br />amount of the Refunding Bonds issued and sold, the true interest cost thereof, the finance <br />charges thereof, the amount of proceeds received therefrom and total payment amount <br />with respect thereto may differ from such good faith estimates due to (a) the actual date <br />of the sale of the Refunding Bonds being different than the date assumed for purposes of <br />such estimates, (b) the actual principal amount of Refunding Bonds sold being different <br />from the Estimated Principal Amount, (c) the actual amortization of the Refunding Bonds <br />being different than the amortization assumed for purposes of such estimates, (d) the <br />actual market interest rates at the time of sale of the Refunding Bonds being different <br />than those estimated for purposes of such estimates, (e) other market conditions, or (f) <br />alterations in the Successor Agency's financing plan, or a combination of such factors. <br />The actual date of sale of the Refunding Bonds and the actual principal amount of <br />Refunding Bonds sold will be determined by the Successor Agency based on the timing <br />of the need for proceeds of the Refunding Bonds and other factors. The actual interest <br />rates borne by the Refunding Bonds will depend on market interest rates at the time of <br />sale thereof. The actual amortization of the Refunding Bonds will also depend, in part, on <br />market interest rates at the time of sale thereof. Market interest rates are affected by <br />economic and other factors beyond the control of the Successor Agency <br />Resolution No. 2018-001 <br />Page 10 of 10 <br />