Bond Details - CUSIP 738855NZ4

Obligation Special Tax Bonds, Series 2005 Issue Name Special Tax Bonds, Series 2005 Project Name 4S Ranch Issue Type Mello-Roos CDIAC Number 2005-1942 Ratings Not Rated Issued $30,000,000.00 New Money $30,000,000.00 Outstanding $0.00 Dated Date 11/22/2005 1 st Coupon Date 3/1/2006 Last Coupon Date 3/1/2015 Date Refunded 6/4/2015 Maturity Date 9/1/2036 Issuer Status Refunded Documentation Official Statement Cap Interest True Cap Interest Amount $1,167,593.69 Number of Months 6 Net Funded False Debt Service True Debt Service Type Escalating Annual Average $967,741.94 Reserve Fund True Amount $2,623,751.07 Percentage 0.08750 Definition Lesser:10% OP;MADS;125% AADS Update Type Automatic Maturity: Saturday, September 01, 2029 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $1,560,000.00 Interest: $851,775.00 Maturity: Sunday, September 01, 2030 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $1,685,000.00 Interest: $771,312.50 Maturity: Monday, September 01, 2031 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $1,820,000.00 Interest: $684,187.50 Maturity: Wednesday, September 01, 2032 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $1,960,000.00 Interest: $590,143.75 Maturity: Thursday, September 01, 2033 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $2,110,000.00 Interest: $488,668.75 Maturity: Friday, September 01, 2034 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $2,265,000.00 Interest: $379,506.25 Maturity: Saturday, September 01, 2035 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $2,420,000.00 Interest: $261,887.50 Maturity: Monday, September 01, 2036 Callable: YES Status: Called in Full Coupon: 0.05125 Principal: $2,510,000.00 Interest: $135,556.25