Total Estimated Par Amount $13,810,000
Total Estimated Net Premium or (Net Original Discount) $510,265 Total Estimated Bond Proceeds $14,320,265
A. True Interest Cost (TIC) of the Bonds 4.92% 1
B. Sum of all fees and charges paid to 3rd parties $320,265 Cost of Issuance 220,000 1
Underwriter's Discount 95,980 1
Additional Proceeds 4,285 1
C. Bond Proceeds Net of Reserves, Capitalized Interest and 3rd Party Fees and Charges $14,000,000
Bond proceeds 14,320,265 1
Less Reserve Fund -
1 Less Sum of all fees and charges paid to 3rd parties (320,265) 1 D. Total Payment Amount $22,618,969
Total Principal and Interest to Maturity** 22,528,969 1 Trustee Fee 90,000 2
Sources:
1 Preliminary Cash Flows from Stifel with market rates as of 9/29/26 2 Per US Bank estimated 30 years at $3,000 per year
Costa Mesa Financing Authority
2026 Lease Revenue Bonds
SB 450 Summary / Government Code 5852.1*
*Summary reflects good faith estimates as of 9/29/26 and all costs associated with the financing; subject to change based on interest rates, market conditions, and other factors. Estimates do not impose any limitations or constraints upon authorized parameters, which differ from the estimates above.
** Less Capitalized Interest, if any.
Attachment 9