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• (3) Mandatory Sinking Fund Redem tp ion.i To the extent not previously redeemed, <br /> the Bonds maturing on September 1 in the years 2035 and 2037 are subject to mandatory sinking <br /> fund redemption by lot in such manner as the Trustee shall determine, on September 1 in the <br /> years and in the amounts set forth below, at a redemption price equal to the principal amount <br /> being redeemed plus accrued interest to the date of redemption: <br /> Bonds Maturing September 1, 2035 <br /> Principal <br /> Years Amount <br /> 2033 $1,330,000 <br /> 2034 1,385,000 <br /> 2035 (maturity) 1,440,000 <br /> Bonds Maturing September 1, 2037 <br /> Principal <br /> Years Amount <br /> 2036 $1,500,000 <br /> 2037 (maturity) 1,560,000 <br /> In the case of any redemption of Bonds prior to maturity, the Trustee shall mail, or send via other <br /> acceptable standard means, including facsimile or electronic communication, a copy of the <br /> redemption notice to the registered owners of the Bonds to be redeemed, in each case not less <br /> than 30 nor more than 60 days prior to the date of redemption. After the date for redemption no <br /> further interest shall accrue on any Bond called for redemption if funds for redemption of such <br /> Bond have been deposited with the Trustee as provided in the Authorizing Ordinance. <br /> • Notwithstanding the above, so long as the Bonds are issued in book-entry only form, if fewer <br /> than all the Bonds of an issue are called for redemption, the particular Bonds to be redeemed will <br /> be selected pursuant to the procedures established by DTC. So long as the Bonds are issued in <br /> book-entry only form, notice of redemption will be given only to Cede & Co., as nominee for <br /> DTC. The Trustee will not give any notice of redemption to the Beneficial Owners of the <br /> Bonds. <br /> Purposes for Bonds. The Bonds are being issued to finance all or a portion of the costs of the <br /> Improvements, fund a debt service reserve and pay expenses of issuing the Bonds. The <br /> Improvements include particularly, without limitation, a multi-purpose community center, <br /> swimming facilities, baseball fields, softball fields and soccer fields and any necessary land <br /> acquisition, and parking, landscaping, signage, drainage, lighting, concession, road and utility <br /> improvements related thereto. The Improvements are expected to be completed by July 1, 2015. <br /> [Remainder of page intentionally left blank.] <br /> • Preliminary; subject to change. <br /> 6 <br />