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IMFINAL <br />of San Marcos, Texas <br />_City <br />$10,005,000 Combination Tax Revenue Certificates <br />of Obligation, Series 2003 <br />Drainage Purpose <br />Debt Service To Maturity And To Call <br />Refunded Refunded <br />Refunded <br />Date Bonds Interest D/S To Call <br />Principal <br />Coupon <br />Interest <br />D/S <br />02/15/2011 - 48,881.25 48,881.25 <br />- <br />- <br />48,881.25 <br />48,881.25 <br />08/15/2011 - 48,881.25 48,881.25 <br />- <br />4.250% <br />48,881.25 <br />48,881.25 <br />02/15/2012 - 48,881.25 48,881.25 <br />- <br />- <br />48,881.25 <br />48,881.25 <br />08/15/2012 2,225,000.00 48,881.25 2,273,881.25 <br />- <br />4.250% <br />48,881.25 <br />48,881.25 <br />02/15/2013 - - - <br />- <br />- <br />48,881.25 <br />48,881.25 <br />08/15/2013 - - - <br />155,000.00 <br />4.000% <br />48,881.25 <br />203,881.25 <br />02/15/2014 - - - <br />- <br />- <br />45,781.25 <br />45,781.25 <br />08/15/2014 - - - <br />165,000.00 <br />4.000% <br />45,781.25 <br />210,781.25 <br />02/15/2015 - - - <br />- <br />- <br />42,481.25 <br />42,481.25 <br />08/15/2015 - - - <br />170,000.00 <br />4.100% <br />42,481.25 <br />212,481.25 <br />02/15/2016 - - - <br />- <br />- <br />38,996.25 <br />38,996.25 <br />08/15/2016 - - - <br />185,000.00 <br />4.200% <br />38,996.25 <br />223,996.25 <br />02/15/2017 - - - <br />- <br />- <br />35,111.25 <br />35,111.25 <br />08/15/2017 - - - <br />190,000.00 <br />4.250% <br />35,111.25 <br />225,111.25 <br />02/15/2018 - - - <br />- <br />- <br />31,073.75 <br />31,073.75 <br />08/15/2018 - - - <br />200,000.00 <br />4.400% <br />31,073.75 <br />231,073.75 <br />02/15/2019 - - - <br />- <br />- <br />26,673.75 <br />26,673.75 <br />08/15/2019 - - - <br />210,000.00 <br />4.400% <br />26,673.75 <br />236,673.75 <br />02/15/2020 - - - <br />- <br />- <br />22,053.75 <br />22,053.75 <br />08/15/2020 - - - <br />220,000.00 <br />4.500% <br />22 053.75 <br />242,053.75 <br />02/15/2021 - - - <br />- <br />- <br />17,103.75 <br />17,103.75 <br />08/15/2021 - - - <br />230,000.00 <br />4.600% <br />17,103.75 <br />247,103.75 <br />02/15/2022 - - - <br />- <br />- <br />11,813.75 <br />11,813.75 <br />08/15/2022 - - - <br />245,000.00 <br />4.700% <br />11,813.75 <br />256,813.75 <br />02/15/2023 - <br />- <br />- <br />6,056.25 <br />6,056.25 <br />_- <br />08/15/2023 - - <br />255,000.00 <br />4.750% <br />6,056.25 <br />261,056.25 <br />Total $2,225,000.00 $195,525.00 $2,420,525.00 <br />$2,225,000.00 <br />- <br />$847,577.50 <br />$3,072,577.50 <br />Yield Statistics <br />Base date for Avg Life & Avg Coupon Calculation <br />11/01/2010 <br />Average Life <br />8.279 Years <br />Averse Coupon <br />�_� <br />__ <br />4.4892849% <br />Weighted Average Maturity (Par Basis) <br />8.193 Years <br />Refunding Bond Information <br />Refunding Dated Date <br />� <br />v � <br />11/01/2010 <br />Refunding Delivery Date <br />12/02/2010 <br />03 $10.005 co (Drain & Ta I drainage 1 1119/2010 1 11:45 AM <br />Specialized Public Finance Inc. <br />Austin, Texas <br />'.g- 20 <br />