California Debt and Investment Advisory Commission Report of Final Sale Project Area No 1 Tax Allocation Bond Issue of 1997 y t
,REPORT OF FINAL SALE 4110 For Office Use Only
California Debt and Investment Ad y Commission
915 Capitol Mall, Room 400, Sacramento, CA 95814
P.O. Box 942809, Sacramento, CA 94209-0001
Tel.: (916)653-3269 FAX: (916) 654-7440
(Facsimile transmissions must be followed by hard copies.)
Completion of this form is requested to provide information which was not available when the "Report
of Proposed Debt Issuance" was filed with the CDIAC or to verify information which was reported as
"proposed." Additionally, please send a copy of the official statement (or offering circular) with
this form to the CDIAC.
CDIAC #: 97-1678
NAME OF ISSUER: Rancho Palos Verdes Redevelopment Agency
(If pool bond, list participants)
ISSUE NAME: Rancho Palos Verdes Redevelopment Agency, Project Area No. 1, Tax Allocation Bondi Issue of 1997
OFFICIAL STATEMENT/OFFERING MEMORANDUM: [ ] Enclosed [X] None Prepared
SALE DATE: December 2, 1997 PRINCIPAL AMOUNT SOLD $ 5,455,000
IS THE INTEREST ON THE DEBT EXEMPT FROM TAXATION?
Under State law: [ ] NO (taxable) [ ] YES (tax-exempt)
Under Federal law: [ ] NO (taxable) [ ] YES (tax-exempt) If the issue is federally tax-exempt, is interest a specific preference item for
the purpose of alternative minimum tax?
[ ] Yes, preference item [] No, not a preference item
IS ANY PORTION OF THE DEBT FOR REFUNDING?1i
[X] No [ ] Yes, amount of this issue (including costs) which is for refunding of existing debt $
If the issue is a negotiated refunding, indicate the reason(s) why the bonds were issued at a private or negotiated versus a competitive sale.
[ ] (1) Timing of the sale provided more flexibility than a public [] (2) More cost savings were expected to be realized than a
sale public sale
[] (3) More flexibility in debt structure was available than a [] (4) Issuer able to work with participants familiar with issue/r
public sale than with a public sale
[] (5) All of the above [] (6) Other(please specify)
INTEREST TYPE: [X] NIC [ ] TIC [ ] Variable (Please specify)
INTEREST COST: 5.00 %
MATURITY SCHEDULE [X] Attached [ ] Included in Official Statement/Offering Memorandum
MATURITY STRUCTURE: [X] Serial(s) [ ] Term (T) [ ] Serial and term bonds or two or more term (C)
FINAL MATURITY DATE: 2027
INDICATE CREDIT RATING: (For example, "AAA" or "Aaa")
[X] Not Rated
[ ] Rated Standard & Poor's: Fitch:
Moody's: Other:
WAS THE ISSUE INSURED OR GUARANTEED?
[X] No [ ] Bond Insurance (I) [ ] Letter of Credit (L) H] State Intercept Program (T) [ ] Other (0)
GUARANTOR:
ISSUANCE COSTS:
Total issuance costs: $ 0
[ ] Discount [ ] Premium $ 0
Original Issue Discount: (OID) $ 0
1/ Section 53583(c)(2)(B)of the California Government Code requires that any local agency selling refunding bonds at private sale or on a negotiated basis
shall send a written statement, within two weeks after the bonds are sold, to the CDIAC explaining the reasons why the local agency determined to sell the bonds
at private sale or on a negotiated basis instead of at public sale.
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CDIAC: Report of Final Sale1110 gage-2 Y
FINANCIAL PARTICIPANTS (Firm name) OFFICE LOCATION (City/State)
FINANCIAL ADVISOR:
LEAD UNDERWRITER/PURCHASER: County of Los Angeles Los Angeles County, CA
BOND COUNSEL: Richards, Watson & Gershon Los Angeles, CA
TRUSTEE/PAYING AGENT:
Name of individual (representing [X] Bond Counsel, [ ] Issuer, [] Financial Advisor, or [] Lead Underwriter) who
completed this form and may be contacted for information:
Name: Robin D. Harris
Firm/Agency: Richards, Watson & Gershon
Address: 333 South Hope Street, 38th Floor, Los Angeles, California 90071
Phone: (213)626-8484 Date of Completion: December 2, 1997
Send acknowledgement or copies to: Robin D. Harris
Contact person at issuing jurisdiction, if different from above:
Name: Paul Bussey
Title: City Manager
Address: 30940 Hawthorne Boulevard, Rancho Palos Verdes, California 90274
Phone: (310)377-0360
Name of individual to whom an invoice for the CDIAC notification fee should be sent:'
Name: John Krattli
Title: Assistant County Counsel, Los Angeles County
Address: 500 West Temple, Room 648, Los Angeles, California 90012
Phone: (213)974-1838
FOR OFFICE USE ONLY
FEE $
L:\VOL1\RDH\REPORT.FRM
2/ This fee is authorized by Section 8856 of the California Government Code and is charged to the lead underwriter or purchaser of the issue. The fee is
administratively set by the Commission. The current fee schedule may be obtained from CDIAC.
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• - Annex A
Schedule of Principal Installments
Principal Payment Payment Date p Date Principal
(December 2) Amount (December 2) Amount
2004 $ 5,000 2016 $200,000
2005 15, 000 2017 230, 000
2006 25, 000 2018 255, 000
2007 40,000 2019 280, 000
2008 55, 000 2020 310, 000
2009 65,000 2021 345, 000
2010 85, 000 2022 380, 000
2011 100, 000 2023 415, 000
2012 120, 000 2024 450, 000
2013 135,000 2025 495, 000
2014 155, 000 2026 535, 000
2015 180, 000 2027 580, 000
971111 R6876-00142 pjn 1113296 (4) A-5 `