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$4,195,000 of the Bonds (the "Assessable Improvement Bonds") maturing in the amounts <br />and on the dates set forth below are being issued to finance the cost of the Assessable <br />hnprovernents: <br />Year <br />Amount <br />Year <br />Amount <br />2026 <br />$335,000 <br />2031 <br />$425,000, <br />2027 <br />350,000 <br />2032 <br />445,000 <br />2028 <br />370,000 <br />2033 <br />470,000 <br />2029 <br />385,000 <br />2034 <br />495,000 <br />2030 <br />405,000 <br />2035 <br />515,000 <br />$470,000 of the Bonds (the "Water Improvement Bonds") maturing in the amounts and on <br />the dates set forth below are being issued to finance the cost of the Water Improvements: <br />Year <br />Amount <br />Year <br />Amount <br />2025 <br />$30,000 <br />2033 <br />$30,000 <br />2026 <br />25,000 <br />2034 <br />35,000 <br />2027 <br />25,000 <br />2035 <br />35,000 <br />2028 <br />25,000 <br />2036 <br />35,000 <br />2029 <br />25,000 <br />2037 <br />40,000 <br />2030 <br />25,000 <br />2038 <br />40,000 <br />2031 <br />30,000 <br />2039 <br />40,000 <br />2032 <br />30,000 <br />2.05. Optional Redemption. The City may elect on February 1, 2032, and on any day <br />thereafter to prepay Bonds maturing on or after February 1, 2033. Redemption may be in whole <br />or in part and if in part, at the option of the City and in such manner as the City will determine. If <br />less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in <br />Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by <br />lot the amount of each participant's interest in such maturity to be redeemed and each participant <br />will then select by lot the beneficial ownership interests in such maturity to be redeemed. <br />Prepayments will be at a price of par plus accrued interest. <br />2.06 Mandatory Redemption; Term Bonds. The Bonds maturing on February 1, 2039, <br />shall hereinafter be referred to collectively as the "Term Bonds." The principal amount of the Term <br />Bonds subject to mandatory sinking fund redemption on any date may be reduced through earlier <br />optional redemptions, with any partial redemptions of the Term Bonds credited against future <br />mandatory sinking fund redemptions of such Term Bond in such order as the City shall determine. <br />The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part at <br />par plus accrued interest on February 1 of the following years and in the principal amounts as follows: <br />LA515-142-950087.v2 <br />