Laguna Beach City Council
December 9, 2025

Total Estimated Par Amount $3,890,000
Total Estimated Net Premium or (Net Original Discount) $165,573 Total Estimated Bond Proceeds $4,055,573
A. True Interest Cost (TIC) of the Bonds 4.71% 1
B. Sum of all fees and charges paid to 3rd parties $238,299 Cost of Issuance 188,347 1
Underwriter's Discount 48,625 1
Additional Proceeds 1,327 1
C. Bond Proceeds Net of Reserves, Capitalized Interest and 3rd Party Fees and Charges $3,467,714
Bond proceeds 4,055,573 1
Less Debt Service Reserve Fund (233,400) 1
Less Sum of all fees and charges paid to 3rd parties (238,299) 1 Less Capitalized Interest (116,160) 1
D. Total Payment Amount $6,767,000
Total Principal and Interest to Maturity** 6,767,000 1
Sources:
1 Preliminary Cash Flows from Oppenheimer as of 11/20/25 City of Laguna Beach
Underground Utility Assessment District No. 2021-1 (West Street) Limited Obligation Improvement Bonds
SB 450 Summary / Government Code 5852.1*
*Summary reflects good faith estimates as of 11/20/25 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 7 171