HomeMy WebLinkAboutCertificate of Underwriter, pertaining to the reoffering price of the Bonds to the public and the establishment of reserve fund
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 CERTIFICATE OF UNDERWRITER
The undersigned hereby states and certifies: (i) that she is an authorized representative of Stone & Youngberg LLC, as underwriter (the "Underwriter") of the above-captioned bonds (the
"Bonds"), and as such, is familiar with the facts herein certified and is authorized and qualified to certify the same on behalf of the Underwriter; (ii) that based upon reasonable expectations
and actual facts which existed on April 13, 2006, being the date upon which the Temecula Public Financing Authority sold the Bonds to the Underwriter, the initial offering prices of
the Bonds to the public (excluding bond houses, brokers or similar persons or organizations acting in the capacity ofTmderwriter or wholesalers) at which a substantial amount of each
maturity of the Bonds was to be sold to the public on the date hereof as set forth on Exhibit A attached hereto and by this reference incorporated herein; (iii) that the Bonds of each
maturity were actually offered to the general public in a bona fide public offering for the prices described above; and (iv) that the establishment of the Reserve Fund in the amount
of the Reserve Requirement (as identified in the Fiscal Agent Agreement providing for the issuance of the Bonds) was vital to the marketing of the Bonds and reasonably required to assure
the payment of debt service on the Bonds. Dated: April 27, 2006 STONE & YOUNGBERG LLC, as Underwriter Authorized Representative
EXHIBIT A Maturity (September 1) Principal Amount Interest Rate Price 2007 765,000 4.000 100.000 2008 795,000 4.200 100.000 2009 830,000 4.350 100.000 2010 865,000 4.500 100.000 2011
905,000 4.650 100.000 2012 945,000 4.750 100.000 2013 990,000 4.900 100.000 2014 1,040,000 5.000 100.000 2015 1,090,000 5.050 100.000 2016 1,145,000 5.100 100.000 2026 15,490,000 5.450
100.000 2036 26,390,000 5.500 100.000 F.vhihit A-1