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
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Refunding Summary
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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.
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Debt Summary
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Arroyo Grande RDA: Bond Summary
* To be escrowed
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2018 Refunding – Preliminary Debt Service Savings Analysis
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Arroyo Grande RDA: 2007 TABs Refunding Opportunity
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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
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Summary of Cash Flow Savings
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Arroyo Grande RDA: Cash Flow Savings
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Refunding Bond Statistics
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Arroyo Grande RDA: 2018 Taxable Refunding TABs
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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
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Arroyo Grande RDA: 2018 Taxable Refunding TABs
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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
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Arroyo Grande RDA: 2018 Taxable Refunding TABs
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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
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Arroyo Grande RDA: 2018 Taxable Refunding TABs
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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
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