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<br />DETAILS OF THE BONDS
<br />TheBondswill be dated as of the date of deliveryand will bear interest payable on February1 and
<br />August1 of each year, commencing February 1, 2022.Interest will be computed on the basis of a 360-
<br />day year of twelve 30-daymonths.
<br />TheBonds will matureAugust 1in the years and amounts*as follows:
<br />2022$335,0002028$410,0002034$445,0002040$500,0002046$570,000
<br />2023$395,0002029$410,0002035$450,0002041$510,0002047$585,000
<br />2024$395,0002030$415,0002036$460,0002042$520,0002048$600,000
<br />2025$400,0002031$420,0002037$470,0002043$535,0002049$615,000
<br />2026$400,0002032$430,0002038$480,0002044$545,0002050$630,000
<br />2027$405,0002033$435,0002039$490,0002045$560,0002051$645,000
<br />*
<br />The Cityreserves the right, after proposals are opened and prior to award, to increase or reduce the principal
<br />amount of the Bonds or the amount of any maturityor maturitiesin multiples of $5,000. In the event the
<br />amount of any maturity is modified, the aggregate purchase price will be adjusted to result in the same gross
<br />spread per $1,000 of Bonds as that of the original proposal. Gross spreadfor this purposeis the differential
<br />between the price paid to the Cityfor the new issue and the prices at whichtheproposal indicatesthe securities
<br />will be initially offered to the investing public.
<br />Proposals for the Bonds may contain a maturity schedule providing for a combination of serial bonds and
<br />term bonds. All term bonds shallbe subject tomandatory sinkingfund redemption at a price of par plus
<br />accrued interest to the date of redemption scheduled toconform to the maturity schedule set forth above.
<br />In order to designate term bonds, the proposal must specify Years of Term Maturitiesin the spaces
<br />providedon the proposalform.
<br />BOOK ENTRY SYSTEM
<br />TheBonds will be issued by means of a book entry system with no physical distribution of Bonds made
<br />to the public. The Bonds will be issued in fully registered form and one Bond,representing the aggregate
<br />principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as
<br />nominee of The Depository Trust Company (DTC), New York, New York, which will act as securities
<br />depository for the Bonds. Individual purchases of the Bonds maybe made in the principal amount of
<br />$5,000 or any multiple thereof of a single maturity through book entries made on the books and records of
<br />DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as
<br />registeredowner of the Bonds. Transfer of principal and interest payments to participants of DTC will be
<br />the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants
<br />will be the responsibility of such participants andother nominees of beneficial owners. Thelowest bidder
<br />(the), as a condition of delivery of the Bonds, will be required to deposit the Bonds with
<br />DTC.
<br />REGISTRAR
<br />TheCitywill name the registrar whichshall be subjectto applicable regulationsof the Securities and
<br />Exchange Commission.The Citywill pay for the services of the registrar.
<br />OPTIONAL REDEMPTION
<br />TheCitymay elect on February 1, 2031, and on any day thereafter, to redeemBonds due on or after
<br />February 1, 2032. Redemptionmay be in whole or in part and if in part at the option of the Cityand in
<br />such manner as the Cityshall determine. If less than all Bonds of a maturity are called for redemption,
<br />the Citywill notify DTC of the particular amount of such maturity toberedeemed. DTC will determine
<br />by lot the amount of each participant's interest in such maturity to be redeemed and each participant will
<br />then select by lot the beneficial ownership interests in such maturity to be redeemed.All redemptions
<br />shall be at a price of par plus accrued interest.
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