HomeMy WebLinkAbout104-Attachment C.pdf
Prepared by Public Financial Management, Inc. 1
City of Saratoga
General Obligation Refunding Bonds
$11,995,000
Closing Wire Instructions
Pre-closing: Wednesday, July 13, 1:30 PM (Pacific)
Hawkins Delafield & Wood LLP
One Embarcadero Center, Suite 3820
San Francisco, CA 94111
Closing: Thursday, July 14, 8:30 AM (Pacific)
Dial-in #: (866) 699-3239 / Access Code: 20796706
A. Bond Proceeds from Underwriter
Wire Transfer: Citigroup Global Markets (the “Underwriter”) Mary Jo Murphy (phone:
(212) 723-7095) will make the following wire transfer (in Federal Funds) no
later than 7:00 AM (Pacific) on July 14, 2011.
Wire Transfer to: BANK OF NEW YORK MELLON
ABA #: 021000018
GLA: 111-565
TAS #: 820163
Ref: Saratoga GO Ref Bds 2011
Attn: Valere Jones-Shaw (213) 630-6247
Amount: Par Amount of Bonds: $11,995,000.00
Plus: Net Premium 459,738.00
Less: Good Faith Deposit (125,000.00)
Less: Underwriter’s Discount (116,446.26)
Total Wire Transfer $12,213,291.74
Confirmation: The Underwriter will provide a federal reference number to Valere Jones-
Shaw at Bank of New York Mellon. Sarah Hollenbeck (ph: (415) 982-5544)
will confirm receipt of the wire with those participating in the Closing.
Public Financial Management, Inc.
PFM Asset Management LLC
PFM Advisors
Prepared by Public Financial Management, Inc. 2
Confirmation of Closing: Representatives of the City of Saratoga, Bond Counsel, the Paying Agent
and the Purchaser will confirm the Closing by calling DTC and speaking
with any DTC representative.
B. Application of Funds
The Paying Agent will apply the $12,213,291.74 of Bond Proceeds transferred from the Underwriter as listed
above, plus the $125,000.00 Good Faith Deposit, totaling $12,338,291.74, as follows:
Escrow Fund $12,235,000.00
Cost of Issuance Fund $ 103,291.74
Total $12,338,291.74