Bond Details - CUSIP 738855UV5

Obligation Special Tax Bonds, Series 2011 Issue Name Special Tax Bonds, Series 2011 Project Name Torrey Highlands - Subare IV Issue Type Mello-Roos CDIAC Number 2011-1385 Ratings Not Rated Issued $1,695,000.00 New Money $1,695,000.00 Outstanding $0.00 Dated Date 11/10/2011 1 st Coupon Date 3/1/2012 Last Coupon Date 9/1/2016 Date Refunded 12/6/2016 Maturity Date 9/1/2041 Issuer Status Refunded Documentation Official Statement Cap Interest True Cap Interest Amount $18,916.06 Number of Months 6 Net Funded False Debt Service True Debt Service Type Escalating Annual Average Reserve Fund True Amount $168,509.03 Percentage 0.09941 Definition Lesser:10% IP; MADS; 125% AADS Update Type Automatic Maturity: Wednesday, September 01, 2032 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $75,000.00 Interest: $72,275.00 Maturity: Thursday, September 01, 2033 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $85,000.00 Interest: $67,681.26 Maturity: Friday, September 01, 2034 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $90,000.00 Interest: $62,475.00 Maturity: Saturday, September 01, 2035 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $100,000.00 Interest: $56,962.50 Maturity: Monday, September 01, 2036 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $110,000.00 Interest: $50,837.50 Maturity: Tuesday, September 01, 2037 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $120,000.00 Interest: $44,100.00 Maturity: Wednesday, September 01, 2038 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $130,000.00 Interest: $36,750.00 Maturity: Thursday, September 01, 2039 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $145,000.00 Interest: $28,787.50 Maturity: Saturday, September 01, 2040 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $155,000.00 Interest: $19,906.26 Maturity: Sunday, September 01, 2041 Callable: YES Status: Called in Full Coupon: 0.06125 Principal: $170,000.00 Interest: $10,412.50