Fort Walton Beach Council agenda — 04-23-13--regular — reading text

J0 face of the within bond in every particular, without alteration or enlargement or any change whatever and the Social Security or other identifying number of such assignee must be supplied. A -5  11. z. o Apr 5, 2013 3: 07 pm Prepared by DBC Finance Finance 7. 003 Fort Walton Beach: CAP_ IMP- 2001BLRF, 2001 BLRF) TABLETABLE OFOF CONTENTSCONTENTS CityCity ofof FortFort WaltonWalton BeachBeach - - CapitalCapital ImprovementImprovement CapitalCapital ImprovementImprovement RevenueRevenue Note,Note, SeriesSeries 20132013 FinalFinal NumbersNumbers LoanLoan Provider:Provider: PinnaclePinnacle PublicPublic FinanceFinance Rate:Rate: 2.2. 3030 ReportReport PagePage SourcesSources andand UsesUses ofof FundsFunds . . 11 BondBond SummarySummary StatisticsStatistics 22 Summary Summary ofof RefundingRefunding ResultsResults 33 Summary of Bonds Refunded 4 Savings ............................ 5 Bond Pricing . . . . . . . 6 Bond Debt Service . 7 EscrowEscrow RequirementsRequirements ... ... 9 Cost of Issuance . . . 10 Form 8038 Statistics . 11 Packet Pg. 131  11. 2. c Apr 5, 2013 3: 07 pm Prepared by DEC Finance Finance 7. 003 Fort Walton Beach: CAP IMP -2001 BLRF, 2001BLRF) Page 1 SOURCESSOURCES ANDAND USESUSES OFOF FUNDSFUNDS CityCity ofof FartFart WaltonWalton BeachBeach - - CapitalCapital ImprovementImprovement CapitalCapital Improvement Improvement RevenueRevenue Note,Note, SeriesSeries 20132013 FinalFinal NumbersNumbers LoanLoan Provider:Provider: PinnaclePinnacle PublicPublic FinanceFinance Rate:Rate: 2.2. 3030 Sources:Sources: BondBond Proceeds:Proceeds: ParPar AmountAmount 4,4, 470,470, 610.610. 0000 OtherOther Sources Sources ofof Funds:Funds: City'City' ss ContributionContribution toto COICOI 53,53, 000.000. 0000 AccruedAccrued InterestInterest 76,76, 182.182. 2929 129,129, 182.182. 2929 4, 599, 792. 29 Uses: Refunding Escrow Deposits: Cash Deposit 4, 546, 791. 75 Delivery Date Expenses: Cost of Issuance 53, 000. 54 4, 599, 792. 29  F- 1 1. 2. c Apr 5, 2013 3: 07 pm Prepared by DBC Finance ( Finance 7. 003 Fort Walton Beach :CAP_ IMP- 2001BLRF, 2001BLRF) Page 2 BOND SUMMARY STATISTICS 00 City of Fort Walton Beach - Capital Improvement Capital Improvement Revenue Note, Series 2013 m Final Numbers y m Loan Provider: Pinnacle Public Finance Rate: 2. 30% r Dated Date 05/ 06/ 2013 Delivery Date 05/ 06/ 2013 Last Maturity 07101/ 2031 Arbitrage Yield 2, 299708% True Interest Cost ( TIC) Net Interest Cost( NIC) 2300000% 2,299708% All -In TIC 2, 434254% Average Coupon 2. 300000% Average Life ( years) Duration of Issue ( years) 10.299 8. 987 Par Amount 4, 470, 610. 00 Bond Proceeds 4, 470, 610. 00 Total Interest 1, 058, 934. 02 Net Interest 1, 058, 934. 02 Total Debt Service 5, 529, 544. 02 Maximum Annual Debt Service 309, 637. 04 Average Annual Debt Service 304, 611. 45 Underwriter' s Fees ( per $ 1000) Average Takedown Other Fee Total Underwriter' s Discount Bid Price 100. 000000 Par Average Average Bond Component Value Price Coupon Life Band Component 4, 470, 610. 00 100. 000 2300% 10. 299 4, 470, 610. 00 10. 299 All -In Arbitrage TIC TIC Yield Par Value 4, 470, 610. 00 4, 470, 610. 00 4, 470, 610. 00 Accrued Interest Premium ( Discount) Underwriter' s Discount Cost of Issuance Expense 53, 000. 54 Other Amounts Target Value 4, 470, 610. 00 4, 417, 609. 46 4, 470, 610. 00 Target Dale 0510612013 05/ 06/ 2013 05/ 06/ 2013 Yield 2. 299708% 2. 434254% 2. 299708% Packet Pgr'133ra..  11. 2. c Apr 5, 2013 3: 07 pm Prepared by DBC Finance Finance 7. 003 Fart Walton Beach CAP_ IMP- 2001BLRF, 2001 BLRF)