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$11,110,000 of the Bonds (the "CIP Bonds") maturing in the amounts and on the dates set forth below are being issued to finance the CIP Project and to refund the 2018A Bonds: Year Amount Year Amount 2022 $ 50,000 2033 $595,000 2023 455,000 2034 605,000 2024 465,000 2035 545,000 2025 485,000 2036 555,000 2026 495,000 2037 565,000 2027 510,000 2038 575,000 2028 530,000 2039 590,000 2029 540,000 2040 600,000 2030 555,000 2041 610,000 2031 575,000 2042 625,000 2032 585,000 As may be requested by the Purchaser, one or more tern Bonds (the "Tenn Bonds') may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). 1.05. Optional Redemption. The City may elect on February 1, 2029, and on any day thereafter to prepay Bonds due on or after February 1, 2030. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. Section 2. Registration and Paten ent. 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2.02. Dates-, Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing February 1, 2022, to the registered owners of LA515-85-748617A