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<br />Refunding of the 1999 Certificates <br /> <br />Page 3 of 3 <br /> <br />March 16, 2007 <br /> <br />Name of Firm <br />E. Wagner & Associates, Inc. <br />Jones Hall <br />U. S. Bank <br /> <br />Role <br />Financial Advisor <br />Special Counsel <br />Trustee <br />(to be determined by competitive bidding) <br /> <br />Underwriter <br /> <br />All fees associated with this financing will be paid from Certificate proceeds. <br /> <br />FINANCING SCHEDULE <br />The following is a summary of the proposed financing schedule: <br /> <br />Date of: Description of Activity <br /> <br />Month of March · Prepare and review the necessary legal documents and submit them to the <br />insurance companies and rating agencies for their review and <br />. consideration <br /> <br />May 7,2007 <br /> <br />May 7, 2007 <br />May 8,2007 <br /> <br />May 22, 2007 <br />June 5, 2007 <br /> <br />· Council Adopts the Resolutions Authorizing Sale of Certificates and <br />Approval of Legal Documents <br /> <br />· Receive Rating and/or Bond Insurance <br /> <br />· Print and Mail Preliminary Official Statement, Official Notice of Sale and <br />Bid Form. <br /> <br />· Sale of Certificates <br /> <br />· Certificate Closing-Delivery of Certificate Proceeds to the City and <br />Funding of Escrow to Defease Prior Certificates on November 1,2009 <br /> <br />CONCLUSION <br />· Staff recommends the Finance Committee direct Staff to proceed with the refunding of the <br />1999 Certificates of Participation and to work with the consultants to bring the necessary <br />documents to the Council to complete this transaction. <br /> <br />Attachments <br />. Calendar and Detail Financing Schedule <br />. List of Financing Participants <br />