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TWENTY-YEAR BOND BUYER INDEX <br /> <br /> 14 <br /> 13 <br /> <br />~ ~0 <br /> 5 <br /> <br />4 <br /> <br /> 838485868788899091 92939495969798990001 02 <br /> <br />1983-2002 <br /> <br />i [] July 2002 Bond Buyer Index 5.10% <br /> <br />ISSUING PROCESS <br /> <br /> Following is a tentative schedule for the steps in the issuing process. <br /> <br />Week of July 29, 2002 <br /> <br />August 5, 2002 <br /> <br />August 6, 2002 <br /> <br />Week of August 5, 2002 <br /> <br />August 12, 2002 <br /> <br />September 18, 2002 (est.) <br /> <br />Submit draft Official Statement and rating materials to <br />Moody's Investors Service for credit rating <br /> <br />Distribute Official Statement <br /> <br />Conference call with Moody's Investors Service <br /> <br />Receive credit rating <br /> <br />Bond sale <br /> <br />Bond closing <br /> <br />Page 6 <br /> <br /> <br />