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Continuing Disclosure Certificate are available for review in the City Clerk's Office. The following is a brief discussion of the documents that the Council is approving by Resolution. 1. Amended and Restated Sewer Service Contract. Amends and Restates the Sewer Service Contract dated as of March 1, 2001 among LAVWMA, Pleasanton, DSRSD and Livermore. No material or substantive changes were made to the document. Instead it is being updated for information that has transpired since 2001 (i.e., Livermore is no longer contemplating participating in the expansion pipeline project and in its place this language was replaced with an acknowledgment of Livermore's participation in the project and the percentage of the capacity that they own and are financially responsible for), the allowance for the issuance of the 2011 Bonds and the removal of the required cash reserve fund, and references to the bond insurer. If the 2011 Bonds are sold with bond insurance, said language will be added back to the bond documents and the Amended and Restated Sewer Service Contract. 2. Preliminary Official Statement. This document is the public offering statement for the issuance of the Bonds. This document thoroughly describes the financing program, the public purpose to be financed, and the economic, financial and social characteristics of LAVWMA and its member agencies, including the City. 3. Continuing Disclosure Certificate. This agreement is signed by the City and satisfies the SEC rules regarding continuing disclosure for the issuance of Bonds (SEC Rule 15c2-12(b) (5)). The agreement obligates the City to annually provide information regarding the City and the Bonds to the secondary (Bond) market as long as the Bonds are outstanding. Financing Team Participants The complex legal and financial structure of municipal bond issues and the long-term impact of bond financing transactions require that issuing entities rely heavily upon experienced professional consultants to assist in the issuance process. LAVWMA staff, along with representatives from the member agencies (Livermore, Pleasanton, and DSRSD), have assembled a team of professionals to assist LAVWMA with the bond issuance process. The table below lists the key members of the financing team and their roles. All fees associated with this financing will be paid from 2011 Bond proceeds. Members of the 2011 Bond Financing Team and Their Roles Team Member Member Role Stone & Youngberg Financial Advisor Jones Hall Bond Counsel/Disclosure Counsel US Bank Trustee Page 4 of 5