Laguna Beach City Council
April 14, 2026

Total Estimated Par Amount $3,330,000
Total Estimated Net Premium or (Net Original Discount) $40,592 Total Estimated Bond Proceeds $3,370,592
A. True Interest Cost (TIC) of the Bonds 5.01% 1
B. Sum of all fees and charges paid to 3rd parties $233,037 Cost of Issuance 185,000 1
Underwriter's Discount 44,123 1
Additional Proceeds 3,915 1
C. Bond Proceeds Net of Reserves, Capitalized Interest and 3rd Party Fees and Charges $2,884,567
Bond proceeds 3,370,592 1
Less Debt Service Reserve Fund (199,800) 1
Less Sum of all fees and charges paid to 3rd parties (233,037) 1 Less Capitalized Interest (53,188) 1
D. Total Payment Amount $5,903,750
Total Principal and Interest to Maturity** 5,903,750 1
Sources:
1 Preliminary Cash Flows from Oppenheimer as of 3/16/26 City of Laguna Beach
Underground Utility Assessment District No. 2021-3 (Fairview/La Brea) Limited Obligation Improvement Bonds
SB 450 Summary / Government Code 5852.1*
*Summary reflects good faith estimates as of 3/16/26 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 7
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