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Year Principal Amount Interest Rate Year Principal Amount Interest Rate 2010 $300,000 3.500% 2019 $300,000 4.400% 2011 300,000 3.500% 2020 300,000 4.625% 2012 300,000 3.625% 2021 235,000 4.750% 2013 300,000 3.750% 2022 255,000 4.800% 2014 300,000 3.875% 2023 255,000 4.875% 2015 300,000 4.000% 2024 685,000 5.000% 2016 300,000 4.000% 2025 2,400,000 5.000% 2017 300,000 4.000% 2026 2,890,000 5.000% 2018 300,000 4.250% 2027 3,895,000 5.000% Section 3.03. Medium, Method and Place of Pam. (a) The principal of, premium, if any, and interest on the Bonds shall be paid in lawful money of the United States of America as provided in this Section. (b) Interest on the Bonds shall be payable to the Owners whose names appear in the Register at the close of business on the Record Date; provided, however, that in the event of nonpayment of interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar ifand when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the "Special Payment Date", which shall be at least 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of each Owner of a Bond appearing on the books of the Paying Agent/Registrar at the close of business on the last business day next preceding the date of mailing of such notice. (c) Interest on the Bonds shall be paid by check (dated as of the Interest Payment Date) and sent by the Paying Agent/Registrar tothe person entitled to such payment by United States mail, first class postage prepaid, to the address of such personas it appears in the Register or by such other customary banking arrangements acceptable to the Paying Agent/Registrar and the person to whom interest is to be paid; provided, however, that such person shall bear all risk and expenses of such other customary banking arrangements. SANMARCOS/W W W SRev2008: Ordinance 7