HomeMy WebLinkAboutA10 CertMailingFinalCDIACsQuint & Thimmig LLP
2/9/24
$4,125,000
TUSTIN PUBLIC FINANCING AUTHORITY
Water Revenue Bonds, Series 2024
(Subordinate Lien)
CERTIFICATE OF DELIVERY TO CDIAC
A10
I, Brian D. Quint, hereby state and certify that for and on behalf of the Tustin Public
Financing Authority, on the date hereof, I caused to be delivered, via online submission, a
Reports of Final Sale relating to the captioned financing, to the California Debt and Investment
Advisory Commission, copies of which Reports are hereto attached.
Dated: February 14, 2024
By &n�� 61'(-I ` `""`
Bri . Quint,
Quint Thimmig LLP
REPORT OF FINAL SALE �Ew*Tf CDIAC # : 2024-0073
,E �
c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 02/12/2024
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Issuance
Issuer Name: Tustin Public Finance Authority
Issue Name: Water Revenue Bonds, Series 2024
(Subordinate Lien)
Project Name: Water Revenue Bonds, Series 2024
(Subordinate Lien)
Principal: $4,125,000.00
Original Issue Premium: $0.00
Original Premium Discount: $0.00
Net Original Issue Premium/Discount: $0.00
Is any portion of the principal to refund, redeem, paydown, or refinance No
outstanding debt?
Issuer certifies that it has complied with Gov. Code section 8855(i) with Yes
respect to local debt policies:
Environmental / Social Impact Type Amount
No Data available to display.
Marks -Roos Authority/TRAN Pool Authority: Yes
Marks -Roos Local Obligor/TRAN Participant: No
Maturity Structure: Term
Dates
Proposed Sale Date:
02/07/2024
Actual Sale Date:
02/07/2024
Settlement Date:
02/14/2024
Dated Date:
02/14/2024
Final Maturity Date:
04/01/2044
First Optional Call Date:
04/01/2034
Issuance Authorization
Authorization (1):
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Authorization Name: Resolution No. 24-
01
Original Authorized Amount: $4,125,000.00
Authorization Date (MM/DD/YYYY): 02/06/2024
Amount Authorization Replenished (By this $0.00
Issue):
Amount Authorization Reduced (By this Issue): $4,125,000.00
Net Change: $-4,125,000.00
Statutory Authority
Will a Validation Action be Pursued? No
Statutory Authorities
Statute (1):
Statute: GOV - (6584-6599.1) - Article 4. Marks -Roos Local Bond
Pooling Act
Credit
Credit Enhancement/Guaranty:
Enhancement Expiration Date
Credit Rating:
Standard & Poor:
Fitch:
Moody's:
Other:
Financing Participants/Costs
Underwriter
Management Fee: $0.00
Total Takedown Amount: $0.00
Underwriter Expense: $0.00
CDIAC # : 2024-0073
Status: Submitted
02/12/2024
None
Not Rated
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Bond Counsel: $30,000.00
Organization Name Contact First Name Contact Last Name
Quint & Thimmig LLP
Borrower Counsel:
Co -Bond Counsel:
Credit Enhancement:
Disclosure Counsel:
Financial/Municipal Advisor:
Organization Name
Fieldman Rolapp & Associates Inc
Lender:
Placement Agent:
Organization Name
Stifel Nicolaus & Company Inc
Purchaser:
Organization Name
Capital One Public Funding LLC
Contact First Name
Contact First Name
Contact First Name
Credit Rating Agency:
Trustee/Paying Agent:
Organization Name
The Bank of New York Mellon Trust Company, N.A.
Other Expenses Amount:
Total Additional Fees and Expenses:
Total Costs of Issuance:
Other Contacts:
$28,500.00
Contact Last Name
$35,000.00
Contact Last Name
$0.00
Contact Last Name
CDIAC # : 2024-0073
Status: Submitted
02/12/2024
Fee Amount
$30,000.00
Fee Amount
$28 ,500.00
Fee Amount
$35,000.00
Fee Amount
$0.00
$0.00
Contact First Name Contact Last Name Fee Amount
$0.00
$31,500.00
$125 ,000.00
$125 ,000.00
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Role Organization
Filing Contact Quint & Thimmig LLP
2_Invoice Contact Fieldman Rolapp & Associates Inc
1_Issuer Main Contact
Purchaser Counsel Kronick Moskovitz Tiedemann & Girard
Placement Agent Counsel Jones Hall A Professional Law Corp
Tax Status/Interest
Under State Law:
State Taxable Principal Amount:
State Tax -Exempt Principal Amount:
Under Federal Law:
Federal Taxable Principal Amount:
Federal Tax-exempt (No AMT) Principal Amount:
Federal Tax-exempt (AMT) Principal Amount:
Net Interest Cost (NIC):
True Interest Cost (TIC):
Capital Appreciation Debt:
Type of Debt Instrument
Public Enterprise Revenue Bond
CDIAC # : 2024-0073
Status: Submitted
02/12/2024
Contact First Name Contact Last Name
Jennifer King
Source of Repayment
Source of Repayment Types:
Local Obligations
Is debt repayable in non -US currency? No
Senior Structure: No
Subordinate Structure: Yes
Tax -Exempt
$4,125,000.00
$4,125,000.00
4.82
4.818
No
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Purpose(s) of Financing
Purpose Name Percentage
Water Supply, Storage, Distribution 100
Type of Sale
Type:
Is financing a private placement?
Reason(s) for Negotiated Sale:
Benefit in working with participants familiar with the debt and/or issuer.
Cost Savings expected.
Provided more debt structuring flexibility.
Provided more sale timing flexibility
Document Submittal
Official Statements/Offering Memorandum:
Maturity Schedule:
Document Type Document Name
Bond Specimen E02 SpecimenBond.pdf
Indenture A07 Indenture.pdf
Bond Purchase Contract A06 CommitmentAgt.pdf
Resolution A03 Authority Res 24-01.pdf
Negotiated
Yes
CDIAC # : 2024-0073
Status: Submitted
02/12/2024
None Prepared
Attached
File Upload Date
02/11/2024
02/11/2024
02/11/2024
02/11/2024
Quint & Thimmig, LLP Mail - Review Completed of Report of Final Sale
2/12/24, 4:13 PM
Hlpt &.,[ immi III
B Fleet <bfleet@gtllp.com>
Review Completed of Report of Final Sale
no-reply-cdiac@treasurer.ca.gov <no-reply-cdiac@treasurer.ca.gov> Mon, Feb 12, 2024 at 1:22 PM
To: bfleet@gtllp.com
The California Debt and Investment Advisory Commission has reviewed and accepted the following Report of Final
Sale:
CDIAC #: 2024-0073
Issuer: Tustin Public Finance Authority
Issue Name: Water Revenue Bonds, Series 2024 (Subordinate Lien)
Project/Series: Water Revenue Bonds, Series 2024 (Subordinate Lien)
Principal Amount: $4,125,000.00
Actual Sale Date: 02/07/2024
Date Reviewed: 02/12/2024
This Report of Final Sale (RFS) will display a status of Reviewed in the Data Portal.
Applicable annual reports may be filed for this issue beginning July 1st following the date of this notice.
Any editing, updating, or revision of this Reviewed RFS must be done before any subsequent annual reports have
been reviewed and accepted by CDIAC.
https://mail.google.com/mail/u/1/?ik=f8fa665f79&view=pt&search=a...Cmsg-f:1790729742628938339&simpl=msg-f:1790729742628938339&mb=1 Page 1 of 1
REPORT OF FINAL SALE �Ew*Tf CDIAC # : 2024-0076
,E �
c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 02/12/2024
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Issuance
Issuer Name:
Tustin
Issue Name:
2024 Installment Sale Financing
Project Name:
2024 Installment Sale Financing
(Water Project)
Principal:
$4,125 ,000.00
Original Issue Premium:
$0.00
Original Premium Discount:
$0.00
Net Original Issue Premium/Discount:
$0.00
Is any portion of the principal to refund, redeem, paydown, or refinance
No
outstanding debt?
Issuer certifies that it has complied with Gov. Code section 8855(i) with respect
Yes
to local debt policies:
Environmental / Social Impact Type
Amount
No Data available to display.
Marks -Roos Authority/TRAN Pool Authority:
No
Marks -Roos Local Obligor/TRAN Participant:
Yes
Maturity Structure:
Serial
CDIAC# of the related Authorities:
CDIAC #
r41vz111z1vKl
Dates
Proposed Sale Date:
02/07/2024
Actual Sale Date:
02/07/2024
Settlement Date:
02/14/2024
Dated Date:
02/14/2024
Final Maturity Date:
04/01 /2044
First Optional Call Date:
04/01/2034
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Issuance Authorization
Authorization (1):
Authorization Name:
Original Authorized Amount:
Authorization Date (MM/DD/YYYY):
Amount Authorization Replenished (By this Issue):
Amount Authorization Reduced (By this Issue):
Net Change:
Statutory Authority
Will a Validation Action be Pursued?
Statutory Authorities
Statute (1):
Statute: 3 - (GOV 6508, 37350) -INSTALLMENT SALES (LEASE)
PURCHASE/FINANCING AGREEMENTS
Credit
Credit Enhancement/Guaranty:
Enhancement Expiration Date
Credit Rating:
Standard & Poor:
Fitch:
Moody's:
Other:
Financing Participants/Costs
Underwriter
Management Fee:
Total Takedown Amount:
Underwriter Expense:
Resolution No. 24-07
$4,125,000.00
02/06/2024
$0.00
$4,125,000.00
$4,125,000.00
No
$0.00
$0.00
$0.00
CDIAC # : 2024-0076
Status: Submitted
02/12/2024
None
Not Rated
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Bond Counsel: $0.00
Organization Name Contact First Name Contact Last Name
Quint & Thimmig LLP
Borrower Counsel:
Co -Bond Counsel:
Credit Enhancement:
Disclosure Counsel:
Financial/Municipal Advisor:
Organization Name
Fieldman Rolapp & Associates Inc
Lender:
Placement Agent:
Organization Name
Stifel Nicolaus & Company Inc
Purchaser:
Organization Name
Capital One Public Funding LLC
Contact First Name
Contact First Name
Contact First Name
Credit Rating Agency:
Trustee/Paying Agent:
Organization Name
The Bank of New York Mellon Trust Company, N.A.
Other Expenses Amount:
Total Additional Fees and Expenses:
Total Costs of Issuance:
Other Contacts:
$0.00
Contact Last Name
$0.00
Contact Last Name
$0.00
Contact Last Name
CDIAC # : 2024-0076
Status: Submitted
02/12/2024
Fee Amount
$0.00
Fee Amount
$0.00
Fee Amount
$0.00
Fee Amount
$0.00
$0.00
Contact First Name Contact Last Name Fee Amount
$0.00
$0.00
$0.00
$0.00
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
CDIAC # : 2024-0076
Status: Submitted
02/12/2024
Role
Organization
Contact First Name
Contact Last Name
ADTR Main Contact
Jennifer
King
Filing Contact
Quint & Thimmig LLP
2_Invoice Contact
Jennifer
King
1_Issuer Main Contact
Jennifer
King
Purchaser Counsel
Kronick Moskovitz Tiedemann & Girard
Placement Agent Counsel
Jones Hall A Professional Law Corp
Tax Status/Interest
Under State Law:
Tax -Exempt
State Taxable Principal Amount:
State Tax -Exempt Principal Amount:
$4,125,000.00
Under Federal Law:
Federal Taxable Principal Amount:
Federal Tax-exempt (No AMT) Principal Amount:
$4,125,000.00
Federal Tax-exempt (AMT) Principal Amount:
Net Interest Cost (NIC):
4.82
True Interest Cost (TIC):
4.818
Capital Appreciation Debt:
No
Type of Debt Instrument
Marks -Roos Loan
Source of Repayment
Source of Repayment Types:
General Fund of Lessee
Is debt repayable in non -US currency? No
Senior Structure: No
�6 wTTf
,E � � REPORT F FINAL ALE
c California Debt and Investment Advisory Commission, 915 Capitol Mall,
'' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA
4M��. 94209-0001 Tel.: (916) 653-3269 Fax: (916) 654-7440
Subordinate Structure: Yes
Purpose(s) of Financing
Purpose Name Percentage
Water Supply, Storage, Distribution 100
Type of Sale
Type:
Is financing a private placement?
Reason(s) for Negotiated Sale:
No data available to display.
Document Submittal
Official Statements/Offering Memorandum:
Maturity Schedule:
Document Type Document Name
Resolution A04 City Res 24-07.pdf
Installment Sales Agreement A08 InstallSaleAgt.pdf
CDIAC # : 2024-0076
Status: Submitted
02/12/2024
Negotiated
Yes
File Upload Date
02/11/2024
02/11/2024
Enclosed
Attached
Quint & Thimmig, LLP Mail - Review Completed of Report of Final Sale
2/12/24, 4:14 PM
Hlpt &.,[ immi III
B Fleet <bfleet@gtllp.com>
Review Completed of Report of Final Sale
no-reply-cdiac@treasurer.ca.gov <no-reply-cdiac@treasurer.ca.gov> Mon, Feb 12, 2024 at 1:23 PM
To: bfleet@gtllp.com
The California Debt and Investment Advisory Commission has reviewed and accepted the following Report of Final
Sale:
CDIAC #: 2024-0076
Issuer: Tustin
Issue Name: 2024 Installment Sale Financing
Project/Series: 2024 Installment Sale Financing (Water Project)
Principal Amount: $4,125,000.00
Actual Sale Date: 02/07/2024
Date Reviewed: 02/12/2024
This Report of Final Sale (RFS) will display a status of Reviewed in the Data Portal.
Applicable annual reports may be filed for this issue beginning July 1st following the date of this notice.
Any editing, updating, or revision of this Reviewed RFS must be done before any subsequent annual reports have
been reviewed and accepted by CDIAC.
https://mail.google.com/mail/u/1/?ik=f8fa665f79&view=pt&search=a...7Cmsg-f:1790729779555314189&simpl=msg-f:1790729779555314189&mb=1 Page 1 of 1