City of evanston 2019A and 2019B General Obligation Bonds Hitesh Desai, Chief Financial Officer/Treasurer April 8, 2019

Overview

2019A – Robert Crown Project $15 million project fund in 2019 (not-to-exceed $18 million) Capitalized interest through 12/1/2019 12/1/2043 final maturity to match 2018A series Principal amortization begins 2022 No TEFRA hearing required Key Results Par $13,285,000 Total Interest Cost $10,559,269 Average Annual Debt Service $974,230 Total Debt Service $23,844,269 TIC 3.654% Arbitrage Yield 3.001% Notes: Based on spread to interpolated AAA MMD as of 3/15/19 Assumes 10-year par call

2019A – Robert Crown Project

2019A – Robert Crown Project Impact of the Project Debt Service on the City’s Property Tax

2019B – Capital Improvement Plan $15 million project fund for City’s annual CIP (not-to-exceed $18 million) Capitalized interest through 12/1/2019 12/1/2039 final maturity Principal amortization begins 2020 Key Results Par $13,280,000 Total Interest Cost $8,344,900 Average Annual D/S $1,056,161 Total Debt Service $21,624,900 TIC 3.404% Arbitrage Yield 2.851% Notes: Based on spread to interpolated AAA MMD as of 3/15/19 Assumes 10-year par call on tax-exempt bonds

2019B – Capital Improvement Plan

2019b – Capital improvements City Capital Projects = $9,235,000 Full project list included in packet

2019b – Capital improvements

2019b – Capital improvements

Debt limit resolution – 35-R-19 To increase current tax-supported principal debt limit from $150,000,000 to $160,000,000 2019 unabated includes principal amounts for Crown Project, General CIP, and library projects Estimated Unabated General Obligation Debt Unabated Principal as of 01/01/2019 $ 134,525,872 Estimated 2019 A&B Bonds – unabated principal $ 23,275,000 2019 payment $ ( 7,219,250) Total Estimated Unabated Debt as of 12/31/2019 $ 150,581,622