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(b) Mandatory Sinking Fund Redemption. (i) The Bonds scheduled to mature on August 15,2020 ("Term Bonds") are subject to scheduled mandatory redemption by the Paying Agent/Registrar (or DTC or a successor securities depository, as applicable, ifthe Bonds are in Book-Entry form) by lot, or by any other customary method that results in a random selection, at a price equal to the principal amount thereof, plus accrued interest to the redemption date, out of moneys available for such purpose in the Interest and Sinking Fund, on the dates and in the respective principal amounts, set forth in the following schedule: Term Bond Maturity: August 15, 2020 Mandatory Redemption Date Principal Amount August 15,2018 $105,000 August 15,2019 110,000 August 15, 2020 (maturity) 115,000 (ii) The principal amount of Term Bonds of a stated maturity required to be redeemed on any mandatory redemption date pursuant to the operation of the mandatory sinking fund redemption provisions hereof shall be reduced, at the option of the City, by the principal amount of any Term Bonds ofthe same maturity which, at least 50 days prior to a mandatory redemption date (1) shall have been acquired by the City and del ivered to the Paying Agent/Registrar for cancellation, (2) shall have been purchased and canceled by the Paying AgentlRegistrar at the request of the City, or (3) shall have been redeemed pursuant to the optional redemption provisions and not theretofore credited against a mandatory sinking fund redemption requirement. (iii) The City reserves the right to purchase Term Bonds, in lieu of redemption, at a price not exceeding the principal amount thereof, plus accrued interest, with moneys on deposit in the Interest and Sinking Fund which are available for mandatory redemption ofthe Term Bonds, and the principal amount of Term Bonds so purchased and delivered to the Paying Agent/Registrar at least 50 days prior to a mandatory redemption date shall be credited against the amount required to be called for redemption in that year. (iii) The City reserves the rightto purchase Term Bonds, in lieu of redemption, at a price not exceeding the principal amount thereof, plus accrued interest, with moneys on deposit in the Interest and Sinking Fund which are available for mandatory redemption ofthe Term Bonds, and the principal amount of Term Bonds so purchased and delivered to the Paying Agent/Registrar at least SO days prior to a mandatory redemption date shall be credited against the amount required to be called for redemption in that year. (iv) At least thirty (30) days prior to each scheduled Mandatory Redemption Date, the Paying Agent/Registrar shall select for redemption a principal amount of Term Bonds then to be subject to mandatory redemption equal to the aggregate Principal Amount of such Term Bonds to be redeemed, shall call such Bonds for redemption on such scheduled Mandatory Redemption Date, and shall give notice of redemption, as provided in Section 4.04. R:\SANMAR\GO.OO\DOCSIFINAL\Ordgo,wpd 12