HomeMy WebLinkAboutRS1- Economic Development E C O N O M I C D E V E L O P M E N T A G E N C Y
OF THE CITY OF SAN BERN ARDINO
REQUEST FOR COMMISSION/COUNCIL ACTIOft
From: TIMOTHY C. STEINHAUS Subject: POLICE FACILITY
Agency Administrator
Date: March 3, 1993
-------------------------------------------------------------------------------
Synoysis of Previous Commission/Council/Committee Action(s):
The Mayor and Common Council has considered on a number of prior
occassions the sight and financing aspects related to the new police
facility.
-------------------------------------------------------------------------------
Recommended Motion(s):
(Mayor and Common Council)
Councilman Hernandez's Recommendation
MOTION To suspend activity on the police facility proposal until
new officials are sworn in.
TIMO C. STEINHAUS
Agency Administrator
-------------------------------------------------------------------------------
Contact Person(s): Timothv C. Steinhaus Phone: 5081
Project Area(s): Central City North Ward(s): One (1)
Supporting Data Attached: Staff Report
FUNDING REQUIREMENTS: Amount: $ N/A Source: N/A
Budget Authority: N/A
-------------------------------------------------------------------------------
Commission/Council Notes:
-------------------------------------------------------------------------------
TCS:lag:1146E COMMISSION MEETING AGENDA
Meeting Date: 3/22/1993
Agenda Item Number: tJ /
E C O N O M I C D E V E L O P M E N T A G E N C Y
OF THE CITY OF SAN BERNARDINO
STAFF REPORT
Police Facility
Councilman Hernandez has requested staff place an item on the
Council/Commission March 2, 1993 agenda regarding the suspension of
activity on the new police facility until the new Mayor and
Councilmembers are sworn into office (see Exhibit "A") .
In considering Mr. Hernandez's request, it is important for the Common
Council to consider additional information attached to the staff
report. Exhibit "B" is a document that itemizes the differences in
cost, timing and various entitlement issues relating to the 7th and "D"
Street and Superblock sites. Exhibit "C" is a comparison as to the
Superblock site compatibility with the Project for Public Spaces
Downtown Urban Plan recently adopted by the Council. Exhibit "D" is a
recap of the architectural and engineering costs associated with the
7th and "D" Streets site. Exhibit "E" is a memorandum from the Chief
of Police to Mayor Holcomb urging that the 7th and "D" Streets site be
reaffirmed and all necessary activities proceed expeditiously, and
Exhibit "F" is data submitted by Miller and Schroeder Financial, Inc. ,
describing various financing scenarios and related debt service
schedules.
It is hoped the attached information will be useful to the Mayor and
Common Council when consideration of Councilman Hernandez's
recommendation is undertaken.
TIMOTHY C. STEINHAUS, Agency Administrator
Economic Development Agency
-------------------------------------------------------------------------------
TCS:lag:1146E COMMISSION MEETING AGENDA
Meeting Date: 3/22/199 y�3
Agenda Item Number: iC S —J j
I'IMrS-LO--7J I UC 11-G7 L L• -ULA 4--L L Uf P Z l.0 +-
C I T Y p F S A N B E R N A R D I N O
INTEROFFICE MSMORANDUM
TO" Tin Stsinhaus, Administrator, Economic Development Agency
FROM: Council office
SUBJECTS police Facility
DATE: March 16, 1993
COPIES:
----------------- -------ft----
please place the following motion on the EDA Agenda for Narch
22, 19931
To suspend activity on the police facility proposal until now
officials are sworn in.
RALPH HERNANDEZ
Councilman, Third Spar
RK:sr
EXHIBIT "A"
ALTERNATE I LICE FACILITY SITE COMA RISONS
7TH & "D" SUPERBLOCK
ITEM 2-Story, 70,000 SF 3-4 Story, 70,000 SF
Shell $40SF = $2,800,000 $55/SF = $3,850,000
Parking (430 Cars) $10/SF = $1,505,000 $35/SF = $5,267,500
Redesign 0 $100,000
Existing Architect Costs $140,000 $140,000
Demolition 0 $450,000
$4,445,000 $9,807,500
Valley Auto/R.O.W. 0 12 Weeks
Council Action/Demo Platt 0 8 Weeks
Asbestos Abatement 0 4 Weeks
Demolition 0 8 Weeks
Ready Site 0 2 Weeks
Construction Documents 10 Weeks 16 Weeks
Construction 35 Weeks 45 Weeks
Police Occupancy 45 Weeks 95 Weeks
Building/Site Comparison
Essential Facility Design Efficient More Costly
Traffic Contribution Good Incompatible
Parking Security Fenced Difficult
Floor Efficiency High-Large Floors Low-Small Floors
Emergency Generator Noise In Parking Lot Bad Location
(Once A Week)
Parking Low Cost - On Grade Expensive - Garage
Auto Access/Exiting Easy Difficult
Foundations Low Cost-Spread Footings Expensive - Piles
Emergency Operation In Parking Lot No Place to Locate
Sally Port Behind Security Fence Difficult
Bloody Clothes Storage Outside No Place to Locate
Visitor Parking In Parking Lot Difficult - In Garage
EXHIBIT "B"
Inconsistencies with Principles c P.S. Downtown Plan:
o Too low of density of parking and uses.
o Pedestrian unfriendly - no retail, no windows.
o Police functions not compatible - security, parking, sally port, bloody clothes, storage.
o Dead end plazas.
o Minimal public street access.
o Not consistent with high density parking authority concept.
o Not a people generator.
EXHIBIT "C"
F5 �
POLICE FACILITIES
ARCHITECTURAL AND ENGINEERING COSTS
March, 1993
Architect: Leach Mounce
Entitlements $ 4,000
Cost To Date $ 122, 000
New Contract $ 455 ,000
Civil Engineer: Integra Engineering $ 21 ,700
Engineering To Date $ 10,000
Landscape Architect: Brandon $ 8,500
Project Manager: MacDonald Properties $ 25,000
Cost Estimate: Roll Construction $ 10,000
Soils-Geotechnical Report S 5 ,000-
Subtotal $ 661,200
Building A
Pacific Federal Building
Civil Engineering - Integra S 9 ,000
TOTAL ARCHITECTURAL/ENGINEERING S 670 ,200
JWS:mkc:pdco3t
EXHIBIT "D"
City of San Bernardino
San Bernardino Police Department
Interoffice Memorandum
To: Mayor W.R. Holcomb
From: Daniel A. Robbins, Chief of Police
Subject: Proposed Site Change for New Police Building
Date: March 17, 1993
Copies:
It has been suggested that 7th and 'D' Street may not be the best
location for our new police building, and that we look at 5th and 'E,
Streets as an alternate. I compared the two locations and concluded
that 7th and 'D' Street is still the superior site.
Both locations are in the core area of the city, in the downtown area,
which will help with the downtown's redevelopment. The 7th and 'D'
location, however, has the advantage of being further to the north which
enlarges the sphere of influence between City Hall and the Police
Department, which I believe will encourage development in a larger area.
There are several businesses currently located between 5th and 7th that
will be aided by the 7th Street location of the police building.
Many months of planning have already gone into the 7th and 'D' location
which will provide a faster development time than a new site which would
have to be studied from scratch. With the economic climate which now
exists, this head start should allow us to build while prices are still
EXHIBIT "E" Page 1 of 2
low. This could add up to considerable savings as prices go up as the
economy improves over the next six months to a year.
Parking is also an important issue. The 7th and 'D' Street location has
adequate parking without having to go to a multi-story parking structure
which may be required of the 5th and 'E' Street site. In a recent
school Captain Maier attended regarding police building construction,
the instructor noted that multi-level parking can cost easily five times
that of conventional parking. Security and movement (lost time) are
also hampered in a multi-level parking structure.
Access to the parking area is another important issue. The 7th and 'D'
Street location will allow access to at least three points; two on 'D'
Street and one on 'E' Street. It is unknown where the parking access
would be at 5th and 'E' Street; however, the traffic congestion is much
heavier near the 5th and 'E' site which makes entering and leaving the
police department more difficult.
In addition to the above points, the 7th and 'D' Street location will
give the department room to grow in future years, unlike 5th and 'E'
Streets.
As it stands now from an operational standpoint, the 7th and 'D' Street
site would be a far superior location for the new police facility.
EXHIBIT "E" Page 2 of 2
YJJi 101 7.3 10—)o IA L LL-[J4 6. -IA-7 XLJCLCrc r 11YH1`fl-1 HL ✓J6r-'
Tc*Free CNftmia(8t?0)542.6288
1 Frew Other Mates(800)221.4837
Miller &Schroeder Bmancial} Inc.
505 Lomas Saute Fe Dnve-Suite 100-P-0-13ax 948•Sotana Reach,Calif0rr%*;32075.0919(619)481-5994
MEMORANDUM
TO: Tim Steinhaus
FROM: Thomas Null
DATE: March 18, 1993
RE: Sample Debt Service Schedules for Various COP Issue Amounts
Here are sample debt service schedules for principal amounts of$6,000,000;
$7,000,000; $8,000,000; $9,000,000; and$10,000,000. The interest rates are
based on a current Ridgecrest Redevelopment Agency issue that is rated 13BB+ and
are representative, the current market.
These sample amortizations include no costs or spreads and delay debt
service for two years by capitalizing interest.
Call me if you would like to see any modified versions of these schedules, or
any other variations.
F+saAQWr7rr�:MYnwpofls,Mlnnaeele
Branch Ofcew 501erte Beech,C*00n""•am Frwxe.& a,CANWrm a NUWANOOK IMMM-st F".W"MMIN•Mtwf11 ",Wilewom
rwa..a n..s...r+r rnw wrw.n tsA.d
EXHIBIT "F" 11 Pages
r I NHrIC I HL 003
MY OF SAM KItMAAd1NO
16,000,000
SOURCES AYO USES
Dst+d 6/0111493 Delivery 6/0111M
Par Amiomt of eonds............................... $6,000,000.DD
Total sources %6,000,000.00
Dcpasit to CepitaLf&Cd [ntercat p" (CIF)........ m,"3.13
Cantirmemy....................................... S,t16,136_I5
Total uses $6,000.000.00
M)LLer L schreeder Flnarxiej FILE s 366M
PubLic finance 3110/1"3 2:?4 FM
v MILLER & SCHRDEDER FINANCIAL
aD4
00 ,
CITY OF BAq BERNARDIMO
!6,600,008
DEBT SERVICE SCHEDLXJ
0 T PRiMCIPAI
6/01/1993 COLLAR INTEREST
6/01/1944 _ OEINT SERVICE
6/01/1495 S5I00
0 .00 4. -
001/1997. ... 60,000.00 6-z�x 3a9,24z.50
6/01/14gA QQO:OC....4� 3x6,905.00 444.241.50
d/01f19Qq 6+,000.00 5.15�z`:.'..:.:,: ,1156'. 446.s".00
6/01/2000 ,aeD.00 5.330 381,085.00 ` i[, :OSg°pp ,
70 OOX
6/0112001 75,000.00 S.SSOM 37S,99Z.9p 447, .o
6/01/NO3 00•D00.04; 6 O�ODx 369,duo.Op 44881+42.70
6101/2006 85,000.00 6.�5 ;;;; 365/ Q.li ' 44,M.00
6/01 x. 0.00 360+640.00
12006 95,000.00 6.20000% 355,262.50 445 440.00
6/01/2006 6.300002 3yq 645.262,50
6/04y,tbur 105.000.00 6.350002 3 8682.50
6/x1/2008 , OO tkt 1 ssob ......:: X,647 50 448,W.o
6/01/2009 11s,000.aa 6.60000% 40. ''
6/01/2010 125,000.00 6.50000% 4�7.Q3Q40
610112011 130,000.00 6.50000X 322,570.00 445,045,00
6/81/2012 140.000.04 314,445. 447,570.00
6/01/2013 160,000,4A b•'S00A0%. 206"995.00 445,995.00
6/01/2014 6.50000x -�:..r...
6!01/201. M,000.00 6.6wOOx 287,145- 447,745.0 4 , - 0
6/01/2616 3 .000.00 6.60000% 276.745.110 6
1q5 000 00 265 525. 46,745.D0
:&/6120iT:: � ?OOO a 6.80000% z53� 40,�15,UO
6rb1/gala 645.
6/oin0i9 220,000 00 d buovuxG pw.::::: ...
6/01/2020 5,000.00 6.65000% 237,245.00
6/01/2021 MO.000.00 0071 212,725.00 7,N5.00
6.650
6A01,2x22 2650000 00 6.650wx 147,097.50 447,725.00
6!01/20?3 8$ A00.. _:.x � 1bU,4,12.50
447,w),.50
305,000 00 162y$gQiQO: Y .445,472.50
6/01J202< 325.000.00 6.71006 143,"2.$6 ....._ 448/,847.500 ;::
6/01/2025 345.01)() 6.6.7000
6/01/2026 123,615.08
6/0112027 365+000.00 6.70000% 101,840.00 48,615.00
n x 6/01/2028 39'1.000 6 78,725.00 46,a40.00
420,000.00 6 :.:..: (c;27O:DO . : 44:27'0'{00
TOTAL 28,140.00
6.000,000.00 _ Kg6 144.Op
9,56$,245.00 15,168�Z4S.00
Nfllcr $ Schrasder Finenoipl
Public Finenc�
FILE c g�
3/18/1493 2,24 1'M
YIELD STAi[;TICS
Avers I if est frc.. 06/0 11 1 443 tp p6
' Avn 9epCoupo.,....I---- ••.••........../o1J1�_._ 24.1 YEARS
•,•...... 141,760.00
Met Interest Cost (LAIC).,, 6.6097299%
gored Yield far Ar6itre purPosas..
Ef1CtT[ylreat C69t ties)........ ......... 6.609T2"x
Interest Coat 6 S?W462X
CEee). "' 6.3780462%
03/18/93 16:40 MILLER & SCHROEDER FINANCIAL 005
CITY Of SAM RERMWIN0
17,000,000
SOURCES AND USES
Doted 6101/1993 DCtiverp 6/0111943
Par Amount of Donde............................... ST1000.000.00
Total Sources $7.000,000.00
Dcpoait to caPitalited Interest Fund (CIf)........ 651,105.00
Contingency....................................... 6,318,835.00
Total uaea /7.000,000.00
Miller Jl Schrooder financial FILE - SSTM
Pub$is Financc 3/18/1993 Z.34 PH
03/18/93 16:40 MILLER & SCHROEDER FINAFICIAL 006
c)od (z)C.)V
1
CITY OF SAN REAVA40IM0
%7,008,000
DEST SERVICE SCNEWLE
MITE PRINCIPAL COUPON INTEREST DEBT sERVICE
6/01/1994 -
6/01/1995 65,000.00 4.25000% 454,110.00 519,110.110
6/01/1996 70,000.00 4.7`5000% 451,4147.50 521.347.50
516,07�.'S0, ,
6/01/1998 75,OOd.00 5.15000% 444,557,50 519,557.50
6/01/1494 80,000.00 5.35000% 440,693.00 520,695,00
6/01/2000 85,000.00 5.55000% 436,415.00 521,415.00
6/01/2001 90,000.00 6.000009 431,697`,50 W1,697,50
%vQ112002- V5,000.A0:.
6/01/2003 100,000.00 6.15000% 420,550.00 520,550,00
6/01/2004 145,000.00 6.20000% 414,400,00 519,400,00
6/0112005 115,000.00 6.3oo0o% 407,a90.00 5zz,avo.oa
6/,01/2006 120.,000.00 6.35000% 400,.6
45.00 520,645.00
6701/201/7 130,060:()0 ` b. SDOwr;.:.:. 301f12S.0Q`.:' ;'SP3; 51Q0
6101/2008 135,000.00 6.58000% 304,770.00 519,770,00
6/01/2004 145,W0.00 6.50000% 375,945.00 520,995.00
6/01/2010 155,000.00 6.50000% 366,570.00 521,570.00
6/01/2011 165,000.00 6.50000% 356,1495,00 521,495,00
610x12012 175:, W.W :&SOioba%-
6/01/2013 165,000.DD 6.50000% 334.595,00 519,395.00
6/01/2014 200,000.00 6.60000% 322,370.00 522,370.00
6/0112015 210,000.00 6.60000% 309,170.00 519,170.00
6/01/2016 225,000,00 6.60a00x 295,310.00 520,310.00
6/01/2015 255,000.00 6.60000%. 264.620.00 519,6zp,8Q
6/0//2019 275,000.01/ 6.63000% z4T,790.00 522,79o.Do
6101/2020 290,000.00 6.65000% 229,502.50 519,502.50
6/01/2021 310,000.00 6.6500ux Z10,217.50 520,217.50
byorozx:. 3sa;aao:va GoiaD�t: ;: 18l :S�i= 5t ; 40 :So
6/01/2023 355,000.00 6.650007 167j657.50 522,657.50
0%
6/01/2024 375,000.00 6.7000 144,050.00 519,050,00
6/01/2025 400,000.uu 6.7W00% 119,925.00 518,925.00
6/01/2026 430,000 00 6.70000% 92,125 00 _ 522,125.Od
IUDI 2027 . 455,00«>00.,. ~ 0000% 0.3I 110
6/01/2028 490,000.00 6.70000% 32,830.00 522,630.00
TOTAL 7,000,000.00 - 11,155,70z.50 18,155,702.50
Miner L Schroeder Financial FILE c SB71M
Public finance 3/18/1993 9;34 PM
YIELD STATISTICS
Accrued Interest from 06/010993 to 06/01/1993...
Average Life...................................... 24.111 YEARS
Bond Years........................................ 168,7$0.00
Average Coupon.................................... 6.6096116%
Not Interest Cpst (NIC)........................... 6.6096116%
Bond Yield for Atbitrage Purpose$................. 6.57`79241%
True Interest Coat (TIC).......................... 6.577`9241%
Effective Interest Cost (ETC)..................... 6.5779241%
K�
03:18/93 16:41 MILLER & SCHROEDER FINANCIAL 007
CITY OF SAN BERNARDING
$!,000,000
SMRCE8 AND USES
Dated 6/01/1493 Delivery 6101/1943
Par Amount of Rands............................... "1000,000.00
Total Sources $5,000,D00.00
Deposit to Capiteliicd Interest Fury! cw)........ 770,447.30
Continsenny............ 7,221,332.50
Total uses $8.000,000.00
Miller t Schroeder Firanclal FILE . 300IM1
Public Firmewe 3/13/1993 2:39 PM
03/48/93 16:41 MILLER & SCHROEDER FINANCIAL 008
o 0o
CITY OF SAN BERNARDINO
$a,ow,000
DEBT SERVICE SCHEDULE
DATE PRINCIPAL cR1PtN1 INTEREST DEBT SERVICE
3/01/1993 - _
6/01/1994 -
6/01/1995 75,000.09 4.25000% 518,965.00 373,965.00
6/01/1996 e0,000.00 4.770001 515,777.50 595.TTT.50
4..'000 C : ...7r.1.1 fq�;5p.•;::::,5Q6�7 «50
6101/1946 $5,000.00 5.1500070 507,770,00 592,1T0.OP
6/01/1994 90,000.00 5.3500070 503,392.50 593,392.50
6/0112000 95,000.00 5.5:iom 498,577.50 593.5TT150
6/01/2001 100,000.00 6.090M 493.305.40 593,305.00
6/Oh/zaoz 110,000.00 6 0540oac , 482,30x'nV :-: :`5g7t 3e5 OQ
6/01/2003 115,000.00 6.15000% 480,650.00 595,650.00
6/01/2004 120,000.00 4.20000% 473,577,50 543,577.50
6/01/2005 130,000.00 6.30000% 466,137.50 596,137,50
6/01/2006 135,000.00 6.35000% 457,947.50 592,447.50
6/01/2007 145;000:00,:. 6:360007.:':::'::'.4R9�37Sr0�1:'..:'. .:':'54633500""
6/0112008 155,000.00 6.50000% 440,167.50 595,167.50
6/0112009 165.000,00 6.50000% 430,092.50 595,092.50
6/01/2010 175,000.00 6.50000% 419,367.50 594.367,50
„44101/2011 190,000.00 6.50000% 407,992.50 597,992,50
6/01/2$42 -. 200oaa:00 :. :6:SaQOA':;. ,642 50 sys,6R2:st1
6/01/2013 215,000.00 6.50000% 3$2,642.50 597,662.50
6/01/2014 225,000.00 6.60000x 363,667,'30 593,667.50
6101/2015 240,000.00 6.60000% 353,817.50 593,817.50
6101/2016 255,000.00 6.60000% 337,977 50 592,977.50
•.:x/01/,2$7 7 275.W4:flQ b::bi7p01�;:• ]?t t4T 53� . . :54rb.147��50:..
6101/2018 290,600.00 6.6000010 302,997.50 592.497.50
6/OW019 710,000,00 6.65000% 253,857.50 593,857.50
6/01/2020 335,000.OU 6.65000% 263,242.50 598,2A2.50
6/01/'2021 355,000.UU 6.6500D% 240,965 00 595,96s.00
614112022 3�000-m t4r 0Q�Z F17�,357 30 ::' s47,3S7.Y�G
6/01/2023 405,000.00 6.65000% 192,087.50 597,087.50
6/01/2024 430,0(0.00 6.7000(I% 165,155.00 595,155.00
6/01/2027 460.000.00 6.IUOOOL 136,345.00 596,345.00
6/01/2026 490,000.U( 6.700005 105,525.00 595,525.00
G/astzD2r. 55:LOO:OO: :: :aYr_:..::.::.T2irQ 597; 47►xQ0}:
6/01/2025 560,000.00 6.700002 37,520.00 5971520.00
TOTAL 8,000,000.00 - iz,7'S8,9S5.00 20,758,935.00
Niltvr Q Schroeder Financioi 411E c 35"
Public finance 3/18/1493 Z:35 PM
YIELD STATISTICS
Accrued Interest from 06/01/1993 to Ob/01/1993...
Averana Life...................................... 24.129 YEARS
Bond Yea rs........................................ 193,030.00
Average Coupon.................................... 6.609643400
Net interest CnPt iNIC)........................... 6.609845dx
Bond Yicld for Arbitrage Purposes................. 6.57916752
True Interest coat LTIC).......................... 6.5761675%
Effective Interest Coat (EIC)..................... 6.5/816754
03/10/93 16:42 MILLER & SCHROEDER FINANCIAL 009
CITY OF SAN sEtlugOlNU
S9,aw,coo
SOURCES AND USES
Oatad 6/011/993 DoLiwry 6101/199'5
Par Amount of 6ande............................... s91000,000.09
TOW Sources $9,000,000.00
Deposit to Capitalized Interest Fund (CIF)........ 875,613.75
corn ingencY....................................... 3,125,3$6.25
Total Uses !9,000,000.00
KiLt*r i Schroeder Finww1 aL FILE = 3e9M1
Public finance 3/1811993 2:36 P11
�5 - I
03/18/93 16:43 MILLER & SCHROEDER FINANCIAL 010
�c)
CITY OF SAN BERNARDINO
$9,000,000
DEBT SERVICE SCHEDULE
DATE PRINCIPAL CO(1p01I INTEREST OEDT SERVICE
001/1993 - -
6/01/1944 - -
6/01/1995 85,000.00 4.25000% 583,74x.50 665,742.50
6/01/1976 90,000.00 4.75000% 580,130.00 670,130,00
.6/01/1997 9:5,0001.06- :'*.1150007G<.:..:. WS,='.0 - ,.. --(170,455.100
6/0111008 95,000.00 5.15000% 571,152.50 666,15x.50
6/01/1009 105.000.00 5.350R0x 566,260.00 671,260.00
6/(11/2000 110,000.00 5.550w% 560,642.50 670,642.50
6/0112001 115,000.00 6.00000% 554,537.50 669537.50
a/0!!20(12 12(1,000:00 . ::/6.0500()x- ,-. :347';dstsD _- w6b7',i53T:5Q
6101/2003 130,D00.00 6.13000% 540,377.59 679,377.50
6/01/2004 135,000.00 6-20000% 532,3a2,50 667,392.50
6/01/2005 145,000.00 6.3000011 5240012.50 669,01450
4/01/2006 155,000.00 6.35000% 514,077.50 469,577.50
6/01/too? 165.000.0a 4:mwx 3piw xo`. • 670,055.00:
6/01/2008 175,000.00 6.50000% 491.557.50 669,557.50
6/0112009 185,000.00 6.50000% 483,182.50 668,162.50
6/01/2010 200,000.00 6.50000% 471,157.50 671,157.50
6/01/2011 210,000.00 6.50000% 458,157-50 668,157,50
6/01/2012 2 ,006.00 6.30066% 444;.'30.5i I- 60 SOKM
6/01/2013 240,000.00 6.50000% 429,582.50 664,882.50
6/01/2014 255,000.00 6.6000016 414,252.50 664,282.50
6/0112015 270,000.00 6.60000% 397,452.50 667,452.50
6/01/2016 290,000.00 6.60000% 37V,632.50 669,632,50
6/01/2017 3.111,000/00 .6/64000% 3bf�.49z.5o' :. 6rtS,. ';
6/01/2018 330,000.00 6.60000% 3;0,032.50 670,032.50
6/01/2014 350,000.00 6.65000% 316,252.50 659,252.50
6101/2020 115,000.00 6.65000% 294,977.50 669,977.50
6/01/2021 400,000.00 6.65DOOX 27D,040.00 670,040.00
6101/28122 :425,000.0 . !4 61!400% 7 F 44 .r 4?404
6/01/2023 455,000.00 6.65000% 215,177.50 670,17x.50
6/01/2024 444,000.00 6.70000% 154,920.00 669,920.00
6/01/2025 515.U()U.QU 6.7IIO0px 152,425.00 667,425.00
6101/2026 550,0()0.00 6.TU000% 117,910.00 667,920.00
6/01/2027 5()51060100:
6/01/2028 625,000.00 6.TD000% 41.875.00 666,675.00
TOTAL 9,000,000.00 - 14,333,820.00 23,333,820.00
Miller i Schroeder Finuncint FILE s 589MM
Public Flnancc 3/18/1993 2:36 PH
YIELD STATISTICS
Accrued Interest from 06/01/1993 to 06/01/1993...
Average Life...................................... 24-097 TEARS
avnd Yearc..................................... t16.ara.D0
Average Caa,pon............ ...... 6.6094066%
Not Interest Coat (NTC)........................... 6.6094066%
Rand Y1*(d 101' At'bltraye Purposes................. 6.5775797x,
True Interest Cast (TIC).. ......... 6.577579rx
Effective Intcrost Cant (LIC)..................... 6.577]/9716
,C
03/18/93 16:43 MILLER & 9CHROEDER FINANCIAL 011
CITY OF SAN IFERVAeDINO
$10,()00,000
SOURCES AND USES
Rated 6/01/1993 Delivery 6101/1943
Per Amunt of Bonds..--••---•..................... SiDj000rQC0.00
Total Sourerx S1Q,QpOr0p0.p0
Deposit to Capitalized Interest Fund !CIF).....,,, 972,410.75
Cont inoancy....... ..... - - -•-•--•-• •.... 4r 027,001.25
Totat Uses S10,000rppp,pp
Nitl*r R Schroeder F1hwwiat FIIE = WON
Pubtie Finance 3/10/1993 2:3T PM
&- .7l._f'1KUCUCK r t IYHNU 1 HL x:11
I ) I
CITY OF SAN IIERNARDINO
$10,000,000
DEBT SERVICE SCBEDULE
DATE PRINCIPAL Capam iRTEREST br&T SERVICE
6/01/1994 -
6/01/1995 45,000.00 4.25000X 648,612.50 743,612,5D
6/0111946 100,000.00 4.75000% 644,575.00 745 575.00
1997, l05',000'.�10" . 'i9S0�ACiSE; 1a39�7ft5'OC%...: 3KSZ5:00::.
6/0111990 110,000.Do 5.15000% 6334.627.50 744,627.50
6/01/1999 115,000.00 5.35000x, 628,962.50 743,962.50
6/01/2000 120,000.00 5.55000% 622,810.00 742,810.00
6/0112001 125,000.00 6.00000% 616,150.00 741,150.00
:.
60.1/2002 135,000,w :'5:05410[/X`.. 60a;450.00 7+43,d .00.
6/01/2003 145,000.00 6.1500oX 600.482.50 745,482.50
6/01/2004 150,000.00 6.20000% 591,565.00 741,565,00
6/01/2005 160,000.D0 6.30000% 582,265.00 742,2155.00
6/01/2006 170,000.00 6.35000% 572,185.00 742,185.00
6/01/2007 Iao;oo0.00 3 3sobft m1�390.p0 . L 7417.,MOO
6/01/2008 195,000.00 6.50000% 549,960.00 744,960.00
6/01/2004 205,000.00 6.50000% 537,285,00 742,285.00
6/01/2010 220,000.00 6.50000% 523.960.00 743,960,00
6/01/2011 235,000.00 6.50000% 509,bb0.00 744,660.00
6/01/2013 265,000.00 6.5000000 478,135.ao 743,135.00
6/01/2014 255.000.00 6.60000% 460,910.00 745,910.00
6/01/2015 300,000.00 6.60000% 441,100.00 T42,100.00
6/01/2016 320,OW.00 6.bouim !4?2,3QP.00, 742,300.00
6TQ112a17 34$'0Q0.0S1. . :a.666j t 14 ::: t.01;180.nt} Tr�r,f$d},470.
6/01/2018 365,000.00 6.60000% 376,410.00 743,410.00
6/01/2019 390,000.00 6.65000% 354,320.00 744,320.00
6/011?020 415,000.00 6.6500076 328,386.00 743,365.00
6/01/2021 475,000.00 6.6500ox 3DOS787.50 745 7157,50
6/.0 /
6/01/2023 505,000.00 6.6500001 2394601.50 744,607.50
6/01/2024 540,000.00 6.70000% 2D6,025.00 746,025.00
6/01/2025 575,000.00 6.70000% 164,845.00 744,845.00
6/01/2026 610,000.00 6.700oom 131 320,00 741 320.00
FJO7. 745 ASO 00
6/01/2025 695,000.00 6.moo= 46,565.00
741,565.00
TOTAL 10,000,000.00 - 15,937.497.50 25,937,497.50
M1(Icr L Schroeder Financial. FILE + 68101M
Public Finance 3/18/1993 2;37 PH
YIELD STATISTICS
Accrued Interest from 06/01/1993 to 06/01/1993...
Average Life...................................... 24.113 YEA&%
Yond Years........................................ 2241,125.00
AvereRO Coupon.................. .................. 6.60%413X
Not Intcrcat Cast (RIC).... 6.609164132
amt Yield for Arbitrage Purpopee................. 6.5778414%
True interest Coat (TIC).......................... 6.5T78414X
Effeetive ihterast Cost ("0..................... 6.5778414%