Laserfiche WebLink
City of Santa Ana <br />March 5, 2014 <br />Page 3 <br />Disclosures Relating to Complex Municipal Securities Financing <br />Since Stifel Nicolaus has not recommended a "complex municipal securities financing" to the <br />Issuer, additional disclosures regarding the financing structure for the issuance of the Bonds are <br />not required under MSRB Rule G -17. <br />However, if Stifel Nicolaus recommends, or if the Issue is ultimately structured in a manner <br />considered a "complex municipal securities financing" to the Issuer, this letter will be <br />supplemented to provide disclosure of the material financial characteristics of that financing <br />structure as well as the material financial risks of the financing that are known to us and are <br />reasonably foreseeable at that time. <br />Sincerely, <br />Managing Director <br />The Issuer acknowledges the foregoing. <br />Accepted and Executed <br />Francisco Gutierrez, Executive Director /City Treasurer <br />(Title) Date: <br />APPROV A FORM <br />1P <br />od e Sandoval SeniAss Attorney <br />— <br />25B -11 <br />