Bond Details - CUSIP 738855EF8

Obligation Special Tax Bonds, Series 2002 Issue Name Special Tax Bonds, Series 2002 Project Name Torrey Highlands - Sub Issue Type General Obligation CDIAC Number 2002-1746 Ratings Not Rated Issued $5,125,000.00 New Money $5,125,000.00 Outstanding $0.00 Dated Date 10/23/2002 1 st Coupon Date 3/1/2003 Last Coupon Date 3/1/2013 Date Refunded Maturity Date 9/1/2032 Issuer Status Refunded Documentation Official Statement Cap Interest True Cap Interest Amount $242,449.47 Number of Months 6 Net Funded False Debt Service True Debt Service Type Level Annual Average $384,707.65 Reserve Fund True Amount $483,211.13 Percentage 0.09430 Definition Lesser:10% OP;MADS;125% AADS Update Type Automatic Maturity: Wednesday, September 01, 2004 Callable: NO Status: Coupon: 0.02500 Principal: $5,000.00 Interest: $283,382.50