Herein. $19725000 FREMONT
NEW ISSUE - FULL BOOK-ENTRY RATING: Standard & Poor's: "AA" See "RATING" herein. In the opinion of Jones Hall, A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however to cerlain qualifications described herein, under existing law, the interest on the 2017B 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, provided, however, that, 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 furlher opinion of Bond Counsel, interest on the 20178 Bonds is exempt from California personal income taxes. See "TAX MATTERS." $19,725,000 FREMONT PUBLIC FINANCING AUTHORITY Lease Revenue Bonds, Series 2017B (2017 Fixed Rate Refinancing Project) Dated: Date of Delivery Due: October 1, as shown on inside cover Authority for Issuance. The bonds captioned above (the "2017B Bonds") are being issued by the Fremont Public Financing Authority (the "Authority") under a resolution adopted by the Board of Directors of the Authority on July 11, 2017, and an Indenture ofTrust dated as of August 1, 2017 (the "Indenture") by and between the Authority and The Bank of New York Mellon Trust Company, NA as trustee (the "Trustee"). See "THE 2017B BONDS -Authority for Issuance." Purpose. The 2017B Bonds are being issued primarily to refinance on a current basis the outstanding certificates of participation of the City of Fremont (the "City") captioned "$27,675,000 City of Fremont Certificates of Participation (2008 Refinancing Project)" and the City's related lease payment obligation.
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