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Water Revenue Bonds June 4, 2024 Page 3 Assistant City Manager, City Treasurer, or the Executive Director of the Finance and Management Services Agency (a "Designated Officer"). 1) Master Installment Purchase Agreement between the City and the Authority under which the Authority agrees to provide financing for the water improvements, and the City agrees to purchase the completed improvements, in consideration of the payment by the City of semiannual installment payments, to be made from the net revenues of the City's water system. 2) First Supplement to Master Installment Purchase Agreement between the City and the Authority to create the payment obligation for this series of bonds and assign the Authority's rights and duties to the Trustee (US Bank) to receive installments and make payments. 3) Escrow Agreement among the City and the Trustee (Bank of New York Mellon Trust Company) to establish an escrow fund to facilitate payment of the 2014 bonds. 4) Bond Purchase Agreement among the City, the Authority, and the underwriter (Ramirez and Co., Inc.), pursuant to the terms and provisions of which the 2024 Water Revenue Bonds will be sold through a negotiated method of sale, such terms and provisions including a true interest cost of the 2024 Water Revenue Bonds not to exceed 4.75% and the underwriter's discount not to exceed 0.34% of the par amount of the 2024 Water Revenue Bonds. 5) Indenture of Trust between the Authority and the Trustee (US Bank) which sets forth the material terms, covenants, and provisions relating to the 2024 Water Revenue Bonds. 6) Preliminary Official Statement that will be distributed to prospective purchasers of the 2024 Water Revenue Bonds that must contain all facts material to the 2024 Water Revenue Bonds and the City's water system and must not omit any material facts. The City Council has an obligation to ensure that the Preliminary Official Statement includes all information that would be material to a prospective investor's decision whether to purchase the 2024 Water Revenue Bonds. While the City's legal counsel, consultants, and the underwriter have participated in preparing the document, the City is ultimately responsible for ensuring that the Preliminary Official Statement is accurate, contains no misleading information, and does not omit any information necessary to make Preliminary Official Statement not misleading to investors. 7) Continuing Disclosure Certificate included as Appendix E of the Preliminary Official Statement that commits the City to providing certain annual reports and