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(d) Pursuant to the terms of the CWRPDA Loan, the undersigned certifies as <br /> follows: <br /> i. The City's net revenue for any 12 consecutive months out of the 18 <br /> months preceding the month in which of the Proposed Parity <br /> Obligations are to be issued is at least equal to the sum of(a) 1 10% <br /> of the maximum annual debt service of (1) the Prior Parity <br /> Obligations and (2)the Proposed Parity Obligations. <br /> ii. The net revenues from January 1, 2018 through December 31, <br /> 2018, were $218,043; the revenue taking into account the rate <br /> increase as described above is $393,206 as presented in EXHIBIT <br /> A. <br /> iii. Such revenues were at least equal to 110%of the maximum annual <br /> debt service of the Prior Parity Obligations and the Proposed Parity <br /> Obligations. <br /> (e) All provisions of the CWCB Loan and the CWRPDA Loan required for <br /> the issuance of the Proposed Parity Obligations have been satisfied. <br />