C150261 Correspondence (2) - Laserfiche WebLink

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for the 12 -month period immediately preceding the date hereof is sufficient to pay an amount representing not less than 125% of the Combined Average Annual Principal and Interest Requirements for the Parity Lien Bonds, including the 2009 CWRPDA Base Program Financing Documents and the 2009 CWRPDA ARRA Program Financing Documents. 5. The District has represented to me that the Combined Maximum Annual Principal and Interest Requirements for the Parity Lien Bonds is $2,343,589. Based upon the schedules and information presented to me by the District, the District's unaudited Adjusted Net Revenue for the 12 -month period immediately preceding the date hereof is sufficient to pay an amount representing not less than 110% of the Combined Maximum Annual Principal and Interest Requirements for the Parity Lien Bonds, including the 2009 CWRPDA Base Program Financing Documents and the 2009 CWRPDA ARRA Program Financing Documents. 6. Based on the information provided to me by the District, the District is, as of the date hereof, current in the accumulation of all amounts required by the Prior Resolutions to be accumulated toward payment of the Parity Lien Bonds and funding the debt service reserve accounts established for the Prior Bonds. 7. Based on the information provided to me by the District, not more am 10% of the total revenues (as such term is used in the 2008 CWCB Financing Documents) of the District originates from the District's Availability to Tap Fee and connection fees (as such terms are used in the 2008 CWCB Financing Documents). IN WITNESS WHEREOF, I have hereunto subscribed my name this 27 day of August, 2009. LZ Nar Tit] 4827- 7936 -1626. t 3