Official Statement Airport Commission City and County of San ...

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JPMorgan Chase Bank, National Association 300 South Riverside Plaza Mail Code IL1-0236 Chicago, Illinois 60606-0236 Facsimile Number: (312) 954-6163 Alternate Facsimile Number: (312) 954-3140 Attention: Standby Letter of Credit Unit EXHIBIT E TO JPMORGAN CHASE BANK, NATIONAL ASSOCIATION LIQUIDITY DRAWING CERTIFICATE LETTER OF CREDIT NO. CPCS-777577 The undersigned individual, a duly authorized representative of ___________ (the “Beneficiary”) hereby certifies as follows with respect to (i) that certain Irrevocable Transferable Letter of Credit No. CPCS-777577 dated February 10, 2010 (the “Letter of Credit”), issued by JPMorgan Chase Bank, National Association (the “Bank”) in favor of the Beneficiary; (ii) those certain Bonds (as defined in the Letter of Credit); and (iii) that certain Resolution (as defined in the Letter of Credit): 1. The Beneficiary is the Trustee under the Resolution. 2. The Beneficiary is entitled to make this drawing under the Letter of Credit in the amount of $_____________ with respect to the payment of the purchase price of Bonds tendered for purchase in accordance with Section 30-65.17(a), 30-65.17(c), 30-65.17(e), 30-65.17(f) or 30-65.17(g) of the Resolution and to be purchased on [insert applicable date] (the “Purchase Date”) which Bonds have not been remarketed as provided in the Resolution or the purchase price of which has not been received by the Trustee (as defined in the Letter of Credit) by 10:00 a.m., New York City time, on said Purchase Date. 3. (a) The amount of the drawing is equal to (i) the principal amount of Bonds to be purchased pursuant to the Resolution on the Purchase Date other than Credit Provider Bonds (as defined in the Resolution), plus (ii) interest on such Bonds accrued from the immediately preceding Interest Payment Date (as defined in the Resolution) (or if none, the date of issuance of the Bonds) to the Purchase Date, provided that in the event the Purchase Date coincides with an Interest Payment Date this drawing does not include any accrued interest on such Bonds. (b) Of the amount stated in paragraph (2) above: (i) $_________________ is demanded in respect of the principal portion of the purchase price of the Bonds referred to in subparagraph (2) above; and Page 12 of 25
(ii) $_______________________ is demanded in respect of payment of the interest portion of the purchase price of such Bonds. 4. The amount of the drawing made by this Certificate was computed in compliance with the terms and conditions of the Resolution and, when added to the amount of any other drawing under the Letter of Credit made simultaneously herewith, does not exceed the Available Amount (as defined in the Letter of Credit). 5. The Beneficiary will register or cause to be registered in the name of the Applicant, upon payment of the amount drawn hereunder, Bonds in the principal amount of the Bonds being purchased with the amounts drawn hereunder and will deliver such Bonds to the Trustee in accordance with the Resolution. 6. Payment by the Bank pursuant to this drawing shall be made to _________________________, ABA Number ___________________________, Account Number _____________________, Attention: _______________________________, Re: _____________________________. IN WITNESS WHEREOF, this Certificate has been executed this _____ day of _____________________, _____. _____________________________, as Trustee Page 13 of 25 By ___________________________________ [Title of Authorized Representative]
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SAN FRANCISCO INTERNATIONAL AIRPORT
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2010A BONDS MATURITY SCHEDULE The i
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Information Provided by the Commiss
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Page Page VERIFICATION OF MATHEMATI
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The 2010A Bonds will be secured by
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Maturity Date (May 1) 2011 2012 201
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Interest on the 2010A Bonds will be
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Mandatory Sinking Fund Redemption T
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Redemption of Credit Provider Bonds
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SPECIAL CONSIDERATIONS RELATING TO
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“Operation and Maintenance Expens
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Fifth, to pay for necessary reconst
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Letter of Credit Upon the delivery
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Pooled Reserve Account The 1991 Mas
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No Acceleration The Bonds are not s
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LETTER OF CREDIT AND REIMBURSEMENT
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appealable judgment, to be null and
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In addition to revenues received fr
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In addition to these regulatory act
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Each of Moody’s, Standard & Poor
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Initiative, Referendum and Charter
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Jackson J. Wong was appointed Chief
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that supports all airlines in the I
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from $1.50 to $4.00. The Airport is
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Airport Security In the immediate a
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� United Airlines commenced daily
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The following table lists the air c
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During Fiscal Year 2008-09 approxim
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Domestic Enplanements. During Fisca
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International Enplanements. Interna
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Cargo Traffic and Landed Weight Car
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TOTAL LANDED WEIGHT BY AIRLINE †
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Settlement Agreement Under the Sett
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Expiration of the Settlement Agreem
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the beneficiaries (the people of th
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Hazardous Material Management Envir
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SUMMARY OF AIRPORT FINANCIAL RESULT
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Aviation Market Stimulus Program In
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On November 21, 2006, Travelex, the
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PRINCIPAL AIRPORT CONCESSIONAIRES
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Off-Airport Parking Facilities Seve
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INTEREST RATE SWAP POLICY MAXIMUM N
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The table below summarizes the inte
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SUMMARY OF PAYMENTS MADE BY THE AIR
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Voter Approved Changes to the Retir
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A decline in the actuarial value of
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Postemployment Health Care Benefits
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Under the Treasurer’s current inv
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Debt Service Requirements The follo
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Current and Future Financings Capit
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Other Matters In the regular course
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federal, state or local tax liabili
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MISCELLANEOUS This Official Stateme
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(This Page Intentionally Left Blank
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Introduction APPENDIX B INFORMATION
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APPENDIX C SUMMARY OF CERTAIN PROVI
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Closing Date means the date upon wh
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Interest Payment Date means each da
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the Trustee for cancellation; (b) B
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payment agreement with the United S
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Special Facility means any existing
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Revenue Fund; Allocation of Net Rev
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Moneys in the respective accounts i
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Investments are allocated. Amounts
Page 169 and 170: Subordinate Bonds The Commission ma
Page 171 and 172: act or thing the effect of which wo
Page 173 and 174: filing of any such petition or to t
Page 175 and 176: moneys, funds and properties pledge
Page 177 and 178: The recitals, statements and repres
Page 179 and 180: The Trustee or the Paying Agent, as
Page 181 and 182: to or greater than the Credit Facil
Page 183 and 184: (a) such 2010A Bonds sold by the Re
Page 185 and 186: The Remarketing Agent The Remarketi
Page 187 and 188: APPENDIX D SUMMARIES OF CERTAIN PRO
Page 189 and 190: computations made in accordance wit
Page 191 and 192: APPENDIX E SUMMARY OF CERTAIN PROVI
Page 193 and 194: statement, it must be available fro
Page 195 and 196: Duties, Immunities and Liabilities
Page 197 and 198: APPENDIX F INFORMATION REGARDING TH
Page 199 and 200: Ambac Assurance’s consolidated fi
Page 201 and 202: Capitalization of AGM At September
Page 203 and 204: The available amount of each MBIA s
Page 205 and 206: complaint also alleges that certain
Page 207 and 208: APPENDIX G PROPOSED FORM OF OPINION
Page 209 and 210: APPENDIX H JPMORGAN CHASE BANK, NAT
Page 211 and 212: The Available Amount (as hereinafte
Page 213 and 214: JPMorgan Chase Bank, National Assoc
Page 219: IN WITNESS WHEREOF, this Certificat
Page 223 and 224: IN WITNESS WHEREOF, this Certificat
Page 225 and 226: IN WITNESS WHEREOF, this Certificat
Page 227 and 228: The undersigned Transferor acknowle
Page 229 and 230: The Bank of New York Trust Company,
Page 233 and 234: The Bank of New York Trust Company,
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Official Statement Airport Commission City and County of San ...

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