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City of Santa Ana Proposal for Financial Advisory and Dissemination Agent Services August 8, 2025 � putt City of Fullerton UFI was engaged by the City of Fullerton via a competitive RFP process in 2020 and has served as u` i municipal advisor on a number of financings since then.In addition to financing transactions,we have CgCIFOR��P provided the City with post-issuance compliance services and pension-related financial analysis. Most recently,in 2023,the City engaged UFI to assist with the formation of a Community Facilities District(CFD)for The Pines at Sunrise Village,a proposed 164-unit residential development.The developer petitioned the City to form a CFD and issue bonds in an amount not to exceed $9.5 million to finance public improvements, including streets, parks, and sewer infrastructure. UFI was involved from the outset, beginning with a review of the City's adopted Local Goals and Policies. We also coordinated the distribution of RFPs to special tax consultants and bond/formation counsel, resulting in the engagement of qualified firms at competitive rates. We served as the City's primary point of coordination with the developer and the broader formation team,managing meetings and aligning the financing process with the City's policy goals.The City Council adopted the Resolution of Formation in August 2023. Construction on the project is currently underway,with model homes expected to open in Fall 2025. UFI is actively working with the City to evaluate the potential issuance of special tax bonds in Spring 2026. �r.+ r�,k City of Newport Beach IC iLUFI has advised the City of Newport Beach on numerous assessment district financings since 2020. Most recently, we served as municipal advisor on the issuance of 2023 Limited Obligation F�„: Improvement Bonds for Assessment Districts No. 124 and No. 120-2. Assessment District No. 124 originally included 966 assessed parcels,while Assessment District No.120-2 consisted of 44 parcels located within the City. UFI managed the financing schedules for both transactions concurrently during a period of heightened market volatility driven by inflationary pressures and broader economic uncertainty. Both bond issues successfully priced on the same day in July 2023 and attracted strong demand from both retail and institutional investors. The AD124 Bonds were 9.2 times oversubscribed,allowing the underwriter to reduce yields by 7 basis points on the five serial bonds and 15 basin points on the 2038 and 2043 term bonds, resulting in a True Interest Cost (TIC) of 4.27r'o. For the AD120-2 Bonds,yields were improved by 3 to 5 basis points,producing a TIC of 4.41%. UFYs management of both transactions ensured efficient execution and favorable pricing results, despite a challenging market environment. ® City of Pasadena In April 2025, UFI advised the City of Pasadena on the issuance of its $195 million General Obligation Bonds(Central Library Project),Series 2025.The bonds were offered via competitive PAPA D E N A sale and authorized by voters under Measure PL,which was approved in November 2024. Bond proceeds will fund a portion of the Central Library Seismic Retrofit and Renovations Project. UFI worked closely with City staff to monitor market conditions and strategically timed the sale around both the economic release calendar and the forward municipal bond calendar. The bonds were assigned a "AAA" rating by Standard &Poor's on April 14,2025.The Official Notice of Sale and Preliminary Official Statement were released on April 22,and UFI actively marketed the sale to underwriting desks to ensure broad visibility and strong participation. Despite volatile market conditions, the bonds attracted strong demand, receiving 10 bids from underwriting firms. The winning bid offered a true interest cost(TIC) of 4.34%, narrowly ahead of the cover bid by approximately one OU F 1 9