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laan:3rr_� GOOD FAITH ESTIMATES The good faith estimates set forth herein are provided with respect to the Refunding Bonds in accordance with California Government Code Section 5852.1. Such good faith estimates have been provided to the Successor Agency by Samuel A. Ramirez & Co., Inc., as underwriter (the "Underwriter") and Urban Futures, as municipal advisor to the Successor Agency (the "Municipal Advisor"), each with respect to the Refunding Bonds. Principal Amount. The Underwriter and the Municipal Advisor have informed the Successor Agency that, based on the Successor Agency's Savings Analysis and current market conditions, its good faith estimate of the aggregate principal amount of the Refunding Bonds to be sold is $80,000,000 (the "Estimated Principal Amount"). True Interest Cost of the Refunding Bonds. The Underwriter and the Municipal Advisor have informed the Successor Agency that, assuming that the Estimated Principal Amount of the Refunding Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the true interest cost of the Refunding Bonds, which means the rate necessary to discount the amounts payable on the respective principal and interest payment dates to the purchase price received for the Refunding Bonds, is 3.479%. Finance Charge of the Refunding Bonds. The Underwriter and the Municipal Advisor have informed the Successor Agency that, assuming that the Estimated Principal Amount of the Refunding Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the finance charge for the Refunding Bonds, which means the sum of all fees and charges paid to third parties (or costs associated with the Refunding Bonds), is $1,278,564 (assuming $278,407 underwriter's discount, $700,157 municipal bond insurance and debt service reserve policy premiums, and $300,000 additional costs of issuance). Amount of Proceeds to be Received. The Underwriter and the Municipal Advisor have informed the Successor Agency that, assuming that the Estimated Principal Amount of the Refunding Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the amount of proceeds expected to be received by the Successor Agency for sale of the Refunding Bonds, less the finance charge of the Refunding Bonds, as estimated above, and any reserve fund funded with proceeds of the Refunding Bonds, is $73,632,675. Total Payment Amount, The Underwriter and the Municipal Advisor have informed the Successor Agency that, assuming that the Estimated Principal Amount of the Refunding Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the total payment amount, which means the sum total of all payments the Successor Agency will make to pay debt service on the Refunding Bonds, plus the finance charge for the Refunding Bonds, as described 4154-5855-2844.7