Tab_G-4MEMORANDUM
TO: Working Group
FROM: Michael Meyer, De La Rosa & Co.
DATE: July 12, 2010
SUBJECT: $11,230,000
Rosemead Community Development Commission
Rosemead Merged Project Area
Tax Allocation Bonds, Series 2010A
Closing Instructions
Pre-closing for the above-captioned issue is scheduled for Wednesday, July 14, 2010. The
closing will be conducted via telephone on Thursday, July 15, 2010 at 8:30 am (PS7). The
following items will need to be completed at or prior to closing:
SOURCES OF FUNDS
1. On the morning of the closing, De La Rosa & Co. will wire funds in the amount of
$10,903,101.45 to U.S. Bank, N.A. That amount is computed as follows:
Par Amount of Bonds
$11,230,000.00
Less: Net Original Issue Premium
192,138.55
Less: Underwriter's Discount
134,760.00
Total
$10,903,101 45
The wire instructions for U.S. Bank, N.A. are as follows:
U.S. Bank, N.A.
ABA# 091000022
FBO: U.S. Bank Trust N.A.
A/C# 180121167365
Ref: Rosemead CDC 2010A
A/C# 141752000
Attn: Georgina Thomas (213) 615-6001
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USES OF FUNDS
1. Upon receipt of the bond proceeds, U.S. Bank, N.A. will deposit the funds in the following
accounts:
Sources of Funds
De La Rosa Wire to U.S. Bank 10.903.101.45
Uses of Funds
-Redevelopment Fund to be transferred to Commission
$9,629,060.80
Reserve Account
1,123,000.00
-Expense Fund
151,040.65
Total
10.903.101.45
2. After receipt of the funds, a representative of U.S. Bank, N.A. will transfer $9,629,060.80 to
the Rosemead Community Redevelopment Commission, which represents the deposit to the
Redevelopment Fund.
The wire instructions for the Commission are as follows:
Bank of the West
9000 E. Valley Blvd.
Rosemead, Ca 91770
ABA4:121100782
Beneficiary Name: Rosemead Community Development Commission
Account 689059244
3. By no later than 8:30 a.m. on Thursday, July 15, 2010, a representative from Orrick,
Herrington & Sutcliffe LLP, U.S. Bank, N.A. and De La Rosa & Co. will call DTC to
authorize the release of the bonds. The phone number is (212) 855-3752. The DTC
participant number is 0103.
Please contact Michael Meyer at (415) 495-8863 with any questions or comments regarding the
above instructions.
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