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CC 2018-03-13_12a Supplemental No. 1MEMORANDUM TO: CITY COUNCIL FROM: DEBBIE MALICOAT, DIRECTOR OF ADMINISTRATIVE SERVICES SUBJECT: SUPPLEMENTAL INFORMATION AGENDA ITEM 12 a. -MARCH 13, 2018 CITY COUNCIL/SUCCESSOR AGENCY MEETING CONSIDERATION OF REFUNDING 2007 TAX ALLOCATION BONDS DATE: March 12, 2018 It has come to Staff's attention that some of the costs reflected on Attachment 1 inadvertently contained incorrect amounts. Attached is an updated Attachment 1 with the incorrect information shown in strike through and corrected amounts shown in underline. These costs have been verified by the City's consultant assisting with the bond refunding. ATTACHMENT 1 ·REVISED The Total Estimated Cost of Issuance, which is subject to change when bonds are priced, is estimated at $315,414. All fees are payable solely from proceeds of the refunding. Service Provider Amount Percent of Est. Issuance Fee Bond Counsel -Quint & Thimmig LLP $45,000 14.27% Disclosure Counsel -Quint & Thimmig LLP $30,000 9.51% . Municipal Advisor -Wulff, Hansen & Co. $45,000 14.27% Fiscal Consultant -Urban Futures $13,000 4.12% ~ntinuing Disclosure Consultant -Urban tures $g,9ggg 22500 0.79% Rating Agency $25,000 7.93% Admin Fee (City) $25,000 7.93% rrustee/Escrow -Wells Fargo $0,0ggg 52500 1.74% rerification Agent -Grant Thornton $g,9ggg 22500 0.79% r-1iscellaneous $6,aQQQ 62500 2.06% Underwriter -Brandis Tallman $33,095 10.49% Municipal Bond Insurance -TBD $66,461 21.07% Reserve Fund Insurance -TBD $15,858 5.03% Total Estimate $315,414 100.0%