Total Estimated Par Amount $16,870,000
Total Estimated Net Premium or (Net Original Discount) ($272,834) Total Estimated Bond Proceeds $16,597,167
A. True Interest Cost (TIC) of the Bonds 5.68% 1
B. Sum of all fees and charges paid to 3rd parties $487,857 Cost of Issuance 320,000 1
Underwriter's Discount 167,857 1
Additional Proceeds 0 1
Bond Insurance 0 1
Debt Service Reserve Fund Surety 0 1
C. Bond Proceeds Net of Reserves, Capitalized Interest and 3rd Party Fees and Charges $14,821,301
Bond proceeds 16,597,167 1
Less Reserve Fund (1,237,031) 1 Less Sum of all fees and charges paid to 3rd parties (487,857) 1 Less Capitalized Interest (50,977) 1
D. Total Payment Amount $40,387,542
Total Principal and Interest to Maturity** 40,078,068 1 Fiscal Agent Fee 96,250 2
Consultant Services 210,000 3
Auditor-Controller Fee 3,224 4
Sources:
1 Preliminary Cash Flows from Piper Sandler as of 8/22/23 plus 25 bps 2 Per U.S. Bank, estimated 35 years at $2,750 per year
3 Per Webb, estimated 35 years at $6,000 per year
4 Per Webb, estimated 35 years at $92.10 per year
CITY OF RIALTO
COMMUNITY FACILITIES DISTRICT NO. 2020-1 (EL RANCHO VERDE) SPECIAL TAX BONDS, SERIES 2023
SB 450 Summary / Government Code 5852.1*
*Summary reflects good faith estimates as of 8/22/23 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