Page 9 - 2017 Bonded Debt Summary
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2011 PRIVATE PLACEMENT REFUNDING,

        1997 LEASE REVENUE BONDS


        Original Issue Amount:  $3,272,000
        Issuance Date:            2/1/2011
        Maturity Date:            11/1/2022
        Interest Rate:            3.98%

        Description: The 2011 Private  Placement Refunding of the 1997  Lease Revenue Bond
        was issued in February 2011. The 1997 Lease Revenue Bonds funded the construction of
        the Public Safety building. Private placements are debt instruments that are not offered
        through a public offering and are generally purchased by institutional issuers such as
        banks,  insurance  companies  and  pension  funds.  Private  placements  are  generally  a
        cheaper alternative to public offerings. These bonds were purchased by Banc of America
        Public Capital Corp.

        Repayment Source: The repayment sources for these bonds are the General Fund
        and the Successor Agency.  Tax increment payable from the Redevelopment Property
        Tax Trust Fund (RPTTF) is subject to approval on the Recognized Obligation Payment
        Schedule (ROPS) by the California Department of Finance.

        Security: These bonds are secured by city-owned property. This asset pool consists of
        the City Hall Annex and Fire Station 65 (John F. Kennedy Park).

        Debt Service Schedule: The annual debt service requirements for the 2011 Private
        Placement Refunding, 1997 Lease Revenue Bonds payable outstanding at June 30, 2016,
        are as follows:



         YEAR ENDING JUNE 30,         PRINCIPAL            INTEREST          INTEREST RATE
         2017                         $262,000             $76,854              3.98%
         2018                          273,000              66,207              3.98%
         2019                          282,000              55,163              3.98%
         2020                          291,000              43,760              3.98%
         2021                          305,000              31,900              3.98%
         2022-2024*                    649,000              26,089              3.98%
                                     $2,062,000            $299,973


        *Represents the total amount due during the specified period.
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