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lAttachment 6
<br /> Refinancing of Existing Loans ORANGF- COU
<br /> NORT, H CARIO-UNIX
<br /> A B
<br /> G N
<br /> ...............,,............... ...............111111111111111--IIIIIIII,............... ............... ............... ............... ...............
<br /> Surnmam,of Refunding Results
<br /> Bonds Ref na-ed 2006 2011 10Bs 2 0 12 10 Bs-T E 2013 I-C - -raw 2 2016 In - Draw '_20'6 1F^ - Draw 2 10ta-
<br /> 2 Par Refunded $ 3,000,000 $ 14,750,000 $ 11,545,000 $ 5,202,000 $ 1,971,000 $ 5,482,000 $ 41,950,000
<br /> 3 Coup
<br /> on 2.130% 5.000% 3.25%-5.00% 2.130% 2.300% 2.550% NA
<br /> Call Date 12/21/2017 10/1/2021 10/1/2022 Current Current Current NA
<br /> 5 -ua..Di
<br /> cz, r,--e 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% NA
<br /> 6 Maturities Refunded 2/21/17-12/21/21 10/1/22-10/1/26 10/1/23-10/1/32 6/1/18-6/1/28 5/1/18-5/1/23 5/1/18-5/1/31 NA
<br /> 8 Re-funding Bonds
<br /> 9 Bond Par Amount $ 2,285,000 $ 13,675,000 $ 10,685,000 $ 4,080,000 $ 1,530,000 $ 4,325,000 $ 36,580,000
<br /> 10/1/2032
<br /> 0/1/2030
<br /> 10/1/2022
<br /> 10/1/202 7
<br /> 10/1/2032
<br /> 10/1/2026
<br /> 10/1/2021
<br /> -o , na,Maturity
<br /> True interest Cost L129% L647% 2.359% L604% L168% 2.000% L948%
<br /> ee
<br /> _5%
<br /> J. ZL J. 1 4 . 4 ZL
<br /> 12 €€€n Tc- A33% _5% 2.-32% 1.1-30% 1.-12% 2.103% 2.0
<br /> ,.3
<br /> ,.4 Savings
<br /> 15 W463 $ 1.481 37 ,9 $ 8283956 $ 180.775 $
<br /> Gross Savings $ 4 69J88 $ 2411 J00 $ 2.847.4011
<br /> 16 Not PV Savings $ 37,163 $ 1,334,815 $ 703,448 $ 110,524 $ 47,760 $ 168,563 $ 2,402,274
<br /> 17 Net PV Savings% 1.239% 9.050% 6.093% 2.125% 2.423% 3.075% 5.727%
<br /> Average Annual Savings $ 8,893 $ 148,172 $ 51,810 $ 16,434 $ 11-631 $ 17,264 $ 177-963
<br /> -an
<br /> Note:The Not to Ceea('NTE)amount the resocution is intenaea to orov"Cle amoce cushion to refinanCethes"x coansthat nave Deen"Clent"t"ea as.0otentia€refunding- acdaies M
<br /> itate a argerfinan-cing amount.The NTE amo nt
<br /> n wo u
<br /> this negotiatea finan-cing.The NTE amount a--ommoaates a ais-count.pricini4structure with cowerinterest rates Dutwhi ucd ne-
<br /> -row
<br /> Co nt� finan-cing team will worK to se-cure the cowest Cost offunas,the mgnesi G'S-t a-c-commodates ootentia,variations in the refunainges--rows interest eamcngs rate.The u s
<br /> earnings rate and to maximize the aeDtservicce savings associated with the refunaings.
<br /> Notes:
<br /> Preliminary and subject to change.
<br /> SavincFs shown are net of estimated fixed Costs of Issuance of$275,000 and Underwriter's Discount of$182,900.
<br /> Based on current market estimates as of 8301/17.
<br /> Assumes a closing date of 11/16/17.
<br /> Assumes the County makes an equity contribution of$1,832,350,from budgeted debt service, at closing
<br /> DAv-ENPOR:T&COMPANY
<br /> 3 unt�
<br /> 8 _co
<br /> 2
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