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City of Santa Ana, California
<br />Proposal for Municipal Financial Advisory Services March 12, 2020
<br />Water Revenue Bond financing. We are knowledgeable of the City's debt portfolio, pension liabilities, and
<br />overall financial condition. We believe our background and prior experience with the City enables us to
<br />offer unique expertise on any of its upcoming debt financing transactions.
<br />City of Santa Ana Debt Profile
<br />Currently, the City of Santa Ana has the following bonds outstanding:
<br />DatedSeries
<br />Gas Tax
<br />2019 Bonds
<br />12/10/2019
<br />$41,885,000
<br />4.00%-6.00%
<br />Tax -Exempt
<br />1/112040
<br />1/12029@Par
<br />Total Gas Tax
<br />Geneml Fund
<br />$41,885,000
<br />1994 Bonds
<br />03/23n994
<br />$19,300,000
<br />6.25%
<br />Tax -Exempt
<br />7/1/2024
<br />Non -Callable
<br />2014 Bonds (Private Placement)
<br />06/182014
<br />$25,140,000
<br />3.32%-3.75%
<br />Tax -Exempt
<br />1/112028
<br />7/112019 @ 102, DTP'
<br />Capital Leases
<br />05/05/2016
<br />$3.020229
<br />3.12%
<br />2025
<br />`
<br />2011 LED Street Light Agreement
<br />$1,120,874
<br />2028
<br />2015 Holman Capital Agreement
<br />05/222015
<br />$683,691
<br />3,00%
<br />2025
<br />'
<br />2017 Holman Capital Agreement
<br />06/062017
<br />$1,125640
<br />3.10%
<br />2025
<br />`
<br />2017 Streetlight Acquisition
<br />04/042017
<br />$7,052,662
<br />3.30%
<br />2030
<br />'
<br />Total General Fund
<br />BondsTax Allocation
<br />$57,444,090
<br />2018A Bonds
<br />11/08/2018
<br />$10,775.000
<br />4.00%-5.00%
<br />Tax -Exempt
<br />9/1/2031
<br />91112028@Par
<br />2018E Bontls
<br />11/0812018
<br />$58,705,0003.346%-4.017%
<br />Taxable
<br />9/12028
<br />Non -Callable
<br />Total Tex Allocation Bonds
<br />Water Revenue Bonds
<br />$69,480,000
<br />2014 Bonds
<br />0810712014
<br />$12,280,000
<br />3,50%-6.00%
<br />Tax -Exempt
<br />9/1/2031
<br />91112024@Par
<br />Total Water Revenue Bonds
<br />$12,280,000
<br />ewment
<br />2016 Bonds
<br />07/27/2016
<br />$1.380,000
<br />2.00%-3.00%
<br />Tax -Exempt
<br />9122036
<br />3/2/2017@ 103, DTP
<br />Totals ecial Assessment
<br />$1,380,000
<br />1. $5.6M of principal (Capital One portion) is prepayable; the remaining principal is rot prepayable
<br />Note: b addition to the debt above, the City and the Housing Authority also has $65.610 ofresidential mortgage revenue bonds outstanding.
<br />The City has limited current refunding opportunities at this time. The largest refunding opportunity is with
<br />the 2014 private placement, of which $5.6 million is currently callable. Additionally, it may be possible to
<br />refund the lease agreements currently outstanding. If we are selected as municipal advisor, we would
<br />continue to work with the City to identify any refunding opportunities and optimize the City's debt
<br />portfolio. We are highly qualified to serve the City on its upcoming issuances for water, sewer and street
<br />capital improvement projects as well as its contemplated pension obligation bonds and assessment
<br />district projects. Each time we serve as a municipal advisor on bond financings, we take a lead role in
<br />ensuring that the financing team works together to achieve the best possible credit rating and pricing in
<br />the most efficient timeframe.
<br />vii Conflicts of interest
<br />UFI, its related entities or any proposed personnel have no known potential conflicts of interest with the
<br />City. We have no compensation/fee arrangements with any other potential parties to the contemplated
<br />financing or supplemental proposed services. UFI has no economic arrangements with other "finders",
<br />such as governmental consultants, lobbyists, attorneys, or others who introduce finical advisory business.
<br />UFI has no "soft dollar' or similar arrangements with registered broker -dealer firms.
<br />In addition to the above, UFI offers the following additional disclosures:
<br />• UFI does not have any affiliate that provides any advice, service, or product to or on behalf of the
<br />client that is directly or indirectly related to the municipal advisory activities to be performed by
<br />UFI;
<br />• UFI has not engaged in any fee -splitting arrangements involving any provider of investments or
<br />Gr�'�UFI
<br />25F-25
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