Tab_82I, HANSEL L. MATH LAW, the duly chosen, qualified, and acting Finance Director
of the City of Bethel, Alaska (the "City"), acting in my official capacity, DO HEREBY
CERTIFY that, pursuant to Section 7.3 of Ordinance No. 07-14, adopted by the City on
June 12, 2007 (the "Ordinance"):
(1) That at the time of issuance of Lease Revenue Refunding Bond,
2016 (the "Bond") there is no deficiency in the Bond Fund or any
accounts therein.
(2) The Bond shall be payable from the Bond Fund, and the ordinance
authorizing such Bond shall provide for monthly payments into the
Debt Service Account comparable to the provisions of Section
5.1(b) of the Ordinance and payments into the Reserve account to
satisfy the Reserve Requirement in accordance with Section 5.2 of
the Bond.
(3) The issuance of the Bond results in a debt service savings and
does not require an increase of more than $5,000 in any year for
Debt Service on such Bond. (See Exhibit A attached hereto.)
All capitalized terms not otherwise defined herein shall have the meanings
provided in the Ordinance.
IN WITNESS WHEREOF, I have executed this certificate this 3rd day of
November 2016.
CITY OF BETHEL, ALASKA
Z<LAj I ALV L,U
HANSEL L. MATHLAW
Finance Director
PARITY BOND CERTIFICATE
{00658422}
EXHIBIT A
Oct 18, 2016 4:55 pm Prepared by RBC Capital Markets Page 139
SAVINGS
City of Bethel --Refund GO 2007-3
Alaska Municipal Bond Bank
GO Bonds 2016 Series Three & Four
Pricing Results -- October 18, 2016
---------------------------------------------
Aggregate Results by Borrower Loan
Date
Prior
Debt Service
Refunding
Debt Service Savings
Present Value
to 11/03/2016
@ 2.2646217%
06/30/2017 57,375.00 53,762.22 3,612.78 3,804.92
06/30/2018 114,750.00 93,050.00 21,700.00 21,689.86
06/30/2019 295,125.00 254,750.00 40,375.00 40,014.44
06/30/2020 290,750.00 253,050.00 37,700.00 36,618.88
06/30/2021 291,000.00 251,150.00 39,850.00 37,781.74
06/30/2022 290,750.00 253950.00 36,800.00 34,234.52
06/30/2023 290,000.00 250,500.00 39,500.00 35,830.78
06/30/2024 293,625.00 255,625.00 38,000.00 33,778.85
06/30/2025 291,625.00 250,250.00 41,375.00 35,839.44
06/30/2026 289,125.00 249,500.00 39,625.00 33,611.74
06/30/2027 291,000.00 253,125.00 37,875.00 31,485.19
06/30/2028 292,125.00 251,125.00 41,000.00 33,233.19
3,087,250.00 2,669,837.22 417,412.78 377,923.54
Savings Summary
PV of savings from cash flow 377,923.54
Less: Prior funds on hand -102,183.64
Plus: Refunding funds on hand 411.35
Net PV Savings 276,151.25
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