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Slide 4 <br />Water Revenue Bonds <br />Item #38 <br />Finance and Management Services Agency <br />June 4, 2024 <br />Proposed Water Bonds <br />Up to $47 million face value (par) to be sold with a <br />multi-million $ premium to finance: <br />•$40 million of capital improvements <br />•$9 million payoff for 2014 water bonds <br />•Approximately $350,000 for costs of bond issuance <br />Expected terms: <br />•25-year fixed rate amortization <br />•True interest cost of approximately 4.16% (estimate <br />as of May 29)