Attachment B
Instruction Letter
760.955.5000
FAX 760.269.0013
[email protected]
http://victorvilleca.gov
14343 Civic Drive
P.O. Box 5001
Victorville, California 92393-5001
CITY OF
VICTORVILLE
October 7, 2026
BNY Corporate Trust Team
333 S. Hope St
Los Angeles, CA 90071
RE: Redemption of the Baldy Mesa Water District Parity Certificates of Participation – Water System Improvement Project
Dear BNY Corporate Trust Team:
The City of Victorville, on behalf of the Victorville Water District, hereby provides formal notice and instruction to proceed with the full optional redemption of the outstanding Baldy Mesa Water District Parity Certificates of Participation (Water System Improvement Project) on November 23, 2026, subject to the requirements of the applicable Indenture and related financing documents.
The City/District intends to redeem the Certificates in full, including all outstanding principle and accrued interest through the Redemption Date, and any other amounts required under the governing documents.
Redemption Information:
• Issue: Baldy Mesa Water District Parity Certificates of Participation – Water System Improvement Project
• Redemption Date: November 23, 2026
• Outstanding Principal: $6,305,000.00
• Currently Estimated Accrued Interest/Other Amounts: $95,604.44 • Currently Estimated Total Redemption Amount: $6,400,604.44 • CUSIP Numbers: 058454BZ1 and 058454CC1
Please note that the total redemption amount is currently an estimate. We understand that the final amount will be calculated and confirmed by the Trustee/Paying Agent and will include interest accrued through the Redemption Date and any other amounts required under the applicable financing documents.
Please confirm receipt of this instruction and provide the City/District with:
1. The final redemption amount;
2. The date by which redemption funds must be received;
3. Wiring instructions and any required funding procedures;
4. Confirmation of the required notice period and the process for providing notice to the registered holders and DTC, if applicable; and
5. Any additional documentation, authorizations, or actions required from the City/District to complete the redemption on November 23, 2026.
The City/District intends to proceed with the full redemption and would appreciate your assistance in coordinating all necessary steps to ensure the redemption is completed on the requested date.
Please let us know if you require any additional information from the City/District.
Regards,
Jenele Davidson
Deputy City Manager