$9785000 Buena Park Public Financing

NEW ISSUE-BOOK-ENTRY ONLY S&P: "AA" See "RATING" herein. In the opinion of Jones Han A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however to certain qualifications described herein, under existing law, the interest on the 2017 Bonds is excluded from gross income for federal income tax purposes and such interest is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations, although for the purpose of computing the alternative minimum tax imposed on certain corporations, such interest is taken into account in determining certain income and earnings. In the further opinion of Bond Counsel, interest on the 2017 Bonds is exempt from California personal income taxes. For a more complete discussion ofthe tax aspects, see "TAX MATTERS" herein. $9,785,000 BUENA PARK PUBLIC FINANCING AUTHORITY 2017 LEASE REVENUE BONDS (FIRE STATION HEADQUARTERS PROJECT) Dated: Date of Delivery Due: May 1, as shown on the inside front cover The Buena Park Public Financing Authority (the "Authority") will issue its 2017 Lease Revenue Bonds (Fire Station Headquarters Project) (the "2017 Bonds") under an Indenture of Trust, dated as of April 1, 2017 (the "Indenture"), by and between the Authority and MUFG Union Bank, N.A, as trustee (the "Trustee"). Proceeds of the 2017 Bonds will be used to (i) finance a portion of the costs of acquisition, construction and improvement of a new City-owned Fire Station No. 61 to be located at 7740 La Palma Avenue in the City, in replacement for the existing fire station located at 8081 Western Avenue in the City, as well the costs of construction and installation of additional improvements to Fire Station No. 63 located at 9120 Holder Street in the City (collectively, the "Fire Station Projects"), (ii) fund capitalized interest on the 2017 Bonds through and including May 1, 2019, and (iii) pay costs of issuance of the 2017 Bonds. The 2017 Bonds will be payable solely from and secured by Revenues and certain funds and accounts held under the Indenture. Revenues consist primarily of certain lease payments (the "Lease Payments") to be made by the City to the Authority pursuant to a Lease Agreement, dated as of April 1, 2017 (the "Lease"), by and between the Authority, as lessor, and the City, as lessee, for subleasing of certain real property (the "Leased Property"). The City covenants under the Lease to take such action as necessary to include the Lease Payments and Additional Rental Payments (as defined in the Lease) in its annual budget and to make all necessary appropriations therefor, subject to abatement of such payments. The 2017 Bonds will be subject to optional redemption and special mandatory redemption prior to their maturity as described in this Official Statement. The 2017 Bonds will be issued in fully registered form and, when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DIC"). DIC will act as securities depository of the 2017 Bonds. Individual purchases of the 2017 Bonds may be made in book-entry form only, in denominations of $5,000 each or any integral multiple thereof Purchasers will not receive certificates representing their interest in the 2017 Bonds purchased. Principal of and interest on the 2017 Bonds will be paid directly to DIC by the Trustee. Principal of the 2017 Bonds will be payable on their maturity dates set forth on the inside front cover hereof Interest on the 2017 Bonds will be payable on May 1 and November 1 of each year, commencing November 1, 2017. Upon its receipt of payments of principal and interest, DIC will in turn be obligated to remit such principal and interest to DIC participants for subsequent disbursement to the beneficial owners of the 2017 Bonds as described herein. THE 2017 BONDS WILL BE LIMITED OBLIGATIONS OF THE AUTHORITY PAYABLE SOLELY FROM AND SECURED BY A PLEDGE OF REVENUES AND CERTAIN FUNDS AND ACCOUNTS HELD UNDER THE INDENTURE THE AUTHORITY HAS NO TAXING POWER THE OBLIGATION OF THE CITY TO MAKE LEASE PAYMENTS AND ADDITIONAL RENTAL PAYMENTS UNDER THE LEASE WILL NOT CONSTITUTE AN OBLIGATION OF THE CITY FOR WHICH THE CITY HAS LEVIED OR PLEDGED ANY FORM OF TAXATION OR THE CITY WILL BE OBLIGATED TO LEVY OR PLEDGE ANY FORM OF TAXATION. NEITHER THE 2017 BONDS NOR THE OBLIGATION OF THE CITY TO MAKE LEASE PAYMENTS AND ADDITIONAL RENTAL PAYMENTS UNDER THE LEASE WILL CONSTITUTE AN INDEBTEDNESS OF THE CITY, STATE OR ANY OF ITS POLITICAL SUBDIVISIONS WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY DEBT LIMITATIONS. See the section of this Official Statement entitled "BONDOWNERS' RISKS" for a discussion of certain of the risk factors that should be considered, in addition to other matters set forth herein, in evaluating the investment quality of the 2017 Bonds. This cover page contains information for quick reference only. It is not a summary of this issue. Potential purchasers must read the entire Official Statement to obtain information essential to making an informed investment decision. The 2017 Bonds are offered when, as and if issued, subject to the approval as to their legality by Jones Han A Professional Law Corporation, San Francisco, California, Bond Counsel. Certain legal matters will also be passed on for the Authority and the City by Richards, Watson & Gershon, Disclosure Counsel, and as Authority General Counsel and City Attorney. It is anticipated that the 2017 Bonds will be available for delivery in book-entry form through the facilities ofDTC on or about April 18, 2017. Dated: March 23, 2017 MATURITY SCHEDULE $9,785,000 BUENA PARK PUBLIC F1NANCING AUTHORITY 2017 LEASE REVENUE BONDS (TIRE STATION HEADQUARTERS PROJECT) Maturity Date Principal Interest CUSIP1 (May 1) Amount Rate Yield Price (Base: 119175) 2020 $ 375,000 3000% 1380% 104.800% AAS 2021 385,000 4.000 1.580 109.425 AB3 2022 400,000 5.000 1.840 115.131 AC! 2023 425,000 5.000 2.050 116.667 AD9 2024 445,000 5.000 2.230 117.944 AE7 2025 465,000 5.000 2.370 119.140 AF4 2026 490,000 5.000 2.500 120.107 AG2 2027 515,000 5.000 2.650 120.589 AHO 2028 540,000 4.000 2.80Q(l) 110.435 (l) AJ6 2029 560,000 3.000 3 080 99.199 AK3 2030 580,000 3.000 3.230 97.567 ALI 2031 595,000 3.125 3.340 97.605 AM9 2032 615,000 3.250 3.470 97.438 AN7 2033 635,000 3.375 3.560 97.753 AP2 2034 655,000 3.500 3.650 98.108 AQO 2035 680,000 3.500 3.700 97.383 AR8 2036 700,000 3.625 3.750 98.308 AS6 2037 725,000 3.750 3.786 99.496 AT4 (1) Yield and price calculated to first optional redemption date of May 1, 2027, at par. t CUSIP is a registered trademark of the American Bankers Association. CUSIP data in this Official Statement is provided by CUSIP Global Services, managed by S&P Global Market Intelligence on behalf of the American Bankers Association. CU SIP © 2017 CUSIP Global Services. All rights reserved. This data is not intended to create a database and does not serve in any way as a substitute for CUSIP Global Services. CUSIP numbers are provided for convenience of reference only. None of the Authority, the City nor the Undenvriter take any responsibility for the accuracy of such numbers. BUENA PARK PUBLIC FINANCING AUTHORITY CITY OF BUENA PARK, CALIFORNIA City Couucil/Authority Board of Directors Elizabeth Swift, Ed.D., Mayor/Chair of the Authority Virginia Vaughn, Mayor Pro Tem/Vice Chair ofthe Authority Steve Berry, Councilmember/Director Arthur C. Brown, Councilmember/Director Fred R. Smith, Councilmember/Director City/Authority Staff James B. Vanderpool, City Manager/Executive Director Patrick K. Bobko, City Attorney/General Counsel Sung Hyun, Director ofFinance-City Treasurer/Authority Treasurer David Jacobs, PE, LS, Director ofPublic Works Shalice Tilton, City Clerk/Secretary SPECIAL SERVICES Bond Counsel Jones Hall, A Professional Law Corporation San Francisco, California Disclosure Counsel and City Attorney Richards Watson & Gershon, A Professional Corporation Los Angeles, California Trustee MUFG Union Bank, N.A. Los Angeles, California Municipal Advisor & Dissemination Agent Harrell & Company Advisors, LLC Orange, California No dealer, broker, salesperson or other person has been authorized by the Authority or the City to give any information or to make any representations other than those contained in this Official Statement. If given or made, such other information or representations must not be relied upon as having been authorized by any of the foregoing. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy any 2017 Bonds by any person in any jurisdiction in which such offer of solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful for such person to make such an offer, solicitation or sale. This Official Statern ent is not to be construed as a contract with the purchasers of the 2017 Bonds. Statements contained in this Official Statement which involve estimates, forecasts or matter of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as a representation of fact. Certain statements included or incorporated by reference in this Official Statement constitute "forward looking statements." Such statements are generally identifiable by the terminology used such as "plan," "expect," "estimate," "budget," or other similar words and include, but are not limited to, statements under the captions "THE CITY," "CITY FINANCIAL INFORMATION" and "BONDOWNERS' RISKS - State Finances." The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements described to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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