2008-99 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS

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� � and there is hereby levied on all of the taxable property in the City, in addition to all other taxes, the direct annual taxes for the years and in the amounts as follows (the "Pledged Tcrxes"): FOR THE YEAR A TAX SUFFICIENT TO PRODUCE THE DOLLAR SUM OF: 2008 $ 419,175.02 for interest to and including December 15, 2009 2009 $ 419,175.02 for interest 2010 $ 654,175.02 for principal and interest 2011 $ 656,537.52 for principal and interest 2012 $ 652,962.52 for principal and interest 2013 $ 754,212.52 for principal and interest 2014 $1,170,712.52 for principal and interest 2015 $1,174,112.52 for principal and interest 2016 $1,175,081.26 for principal and interest 2017 $1,173,531.26 for principal and interest 2018 $1,175,493.76 for principal and interest 2019 $1,175,756.26 for principal and interest 2020 $1,179,318.76 for principal and interest 2021 $1,189,693.76 for principal and interest 2022 $1,197,662.50 for principal and interest 2023 $ 423,225.00 for principal and interest The Pledged Taxes and other moneys (excepting proceeds of the Bonds) on deposit (collectively, the "Bond Moneys") in the Bond Fund shall be applied to pay principal of and interest on the Bonds as follows: A. Bond Moneys shall be applied to the payment of interest when due and principal or redemption price when due at maturity or as redeemed pursuant to mandatory redemption from the Bond Fund, or B. On or before October 15 in each calendar year preceding a December 15 mandatory redemption date in the successive calendar year, Bond Moneys up to the I' amount of the redemption requirement on such mandatory redemption date plus interest due on Term Bonds on such date may be applied (1)to the purchase of Term Bonds of the maturity for which such mandatory redemption requirement was established at prices (including commissions and charges, if any) not exceeding par and accrued interest to -25-