HomeMy WebLinkAboutFiscal Agent's Receipt of Proceeds
Quint & Thimmig LLP 4/19/06 $51,250,000 TEMECULA PUBLIC FINANCING AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 03-02 (RORIPAUGH RANCH) 2006 SPECIAL TAX BONDS FISCAL AGENT'S RECEIPT OF
PROCEEDS The undersigned hereby states and certifies: (i) that he is an authorized officer of U.S. Bank National Association, as fiscal agent (the "Fiscal Agent") under that certain
Fiscal Agent Agreement, dated as of March 1, 2006 (the "Fiscal Agent Agreement"), by and between the Temecula Public Financing Authority (the "Authority") and the Fiscal Agent, and as
such, is familiar with the facts herein certified and is authorized to certify the same on behalf of the Fiscal Agent; (ii) that on the date hereof the Fiscal Agent received from the
Stone & Youngberg LLC, as underwriter (the "Underwriter"), the amount of $50,294,375.00 which represents the purchase price for the bonds designated "Temecula Public Financing Authority
Community Facilities District No. 03-02 (Roripaugh Ranch) 2006 Special Tax Bonds," in the aggregate principal amount of $51,250,000 and dated the date hereof (the "Bonds"), and the Fiscal
Agent has deposited such amount this date, pursuant to Section 4.01 of the Fiscal Agent Agreement, as follows: $ 4,162,710.00 Deposited into the City Account of the Improvement Fund
1,381,015.00 Deposited into the EMWD Account of the Improvement Fund 38,083,381.40 Deposited into the Acquisition Account of the Improvement Fund 680,000.00 Deposited into the Public
Works Administration Account of the Improvement Fund 942,260.50 Deposited into the Capitalized Interest Account of the Bond Fund 990,000.00 Deposited into the Costs of Issuance Fund
60,000.00 Deposited into a temporary account of the Fiscal Agent and immediately transferred to the Authority Treasurer for deposit into the Administrative Expense Fund 491,158.10 Deposited
into the Refunding Fund 3,503,850.00 Deposited into the Reserve Fund $50,294,375.00 TOTAL AMOUNT DEPOSITED THIS DATE
(iii) that said purchase price has been calculated by the Underwriter and represented to the Fiscal Agent to be as follows: $51,250,000.00 Principal Amount of Bonds (955,625.00) Less
Underwriter's Discount $50,294,375.00 TOTAL PURCHASE PRICE RECEIVED THIS DATE (iv) that the Fiscal Agent further acknowledges receipt of the Specimen Irrevocable Standby Letter of Credit,
dated April 5, 2006 (the "Letter of Credit"), issued by Ohio Saving Bank and Confirmation of Citibank, N.A. regarding the Letter of Credit; (v) and, that capitalized terms used herein
and not otherwise defined shall have the meanings ascribed thereto in the Fiscal Agent Agreement. Dated: April 27, 2006 U.S. BANK NATIONAL ASSOCIATION, as Fiscal Agent By_ \AtMiorized
Officer