Loading...
CC 2018-03-13_12a Successor Agency_Refunding 2007 Tax Allocation Bonds PP PresentationMarch 13, 2018 Successor Agency to the Dissolved Arroyo Grande Redevelopment Agency 2007 Tax Allocation Bonds Refunding – Debt Service Savings Analysis Prepared by: Wulff, Hansen & Co. Erick Cruz Mark Pressman 100 Smith Ranch Road, Suite 330 San Rafael, CA 94903 415-421-8900 www.wulffhansen.com 1 Refunding Summary 2 2 3 Arroyo Grande RDA: Refunding Summary With interest rates currently attractive, the Successor Agency to the Dissolved Arroyo Grande Redevelopment Agency is moving forward with the refunding of their existing 2007 Tax Allocation Bonds The refunding will allow the entities within the Redevelopment Agency to more quickly receive a larger share of the property tax revenue by reducing principal and/or interest costs We are estimating a total savings of $1,179,682. We will not be adding additional debt, nor extending the current debt term, simply refinancing the debt to achieve savings. 3 Debt Summary 4 4 5 Arroyo Grande RDA: Bond Summary * To be escrowed 5 2018 Refunding – Preliminary Debt Service Savings Analysis 6 6 Arroyo Grande RDA: 2007 TABs Refunding Opportunity 7 Current Refunding * Based on analysis on 03/05/2018; Subject to change; Assuming 07/10/2018 Issuance Presented figures are preliminary, estimated, and subject to change 7 Summary of Cash Flow Savings 8 8 Arroyo Grande RDA: Cash Flow Savings 9 9 Refunding Bond Statistics 10 10 Arroyo Grande RDA: 2018 Taxable Refunding TABs 11 Sources and Uses of Funds* * Based on analysis on 03/05/2018; Subject to change; Assuming 07/10/2018 Issuance; Numbers may not reconcile due to rounding Presented figures are preliminary, estimated, and subject to change 11 Arroyo Grande RDA: 2018 Taxable Refunding TABs 12 Estimated Cost of Issuance* * Based on analysis on 03/05/2018; Subject to change; Assuming 07/10/2018 Issuance Presented figures are preliminary, estimated, and subject to change 12 Arroyo Grande RDA: 2018 Taxable Refunding TABs 13 Estimated Bond Statistics* * Based on analysis on 03/05/2018; Subject to change; Assuming 07/10/2018 Issuance Presented figures are preliminary, estimated, and subject to change 13 Arroyo Grande RDA: 2018 Taxable Refunding TABs 14 Estimated Residual Breakdown* * Based on analysis on 03/05/2018; Subject to change; Assuming 07/10/2018 Issuance; Numbers may not reconcile due to rounding Presented figures are preliminary, estimated, and subject to change 14