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bond premium for the taxable year. The amortization of bond premium may be taken into account as a reduction in the amount of tax-exempt income for purposes of determining various other tax consequences of owning such Premium Bonds. The federal income tax consequences of the purchase, ownership and sale or other disposition of Premium Bonds which are not purchased in the initial offering at the initial offering price may be determined according to rules which differ from those described above. Owners of the Premium Bonds are advised that they should consult with their own tax advisors with respect to the state and local tax consequences of owning such Premium Bonds. ENFORCEABILITY OF REMEDIES The remedies available to the owners of the Series 2025 Bonds upon a monetary or covenant default under the Resolution are in many respects based upon judicial actions which are often subject to discretion and delay. Under existing constitutional and statutory law and judicial decisions, the remedies specified by the Federal bankruptcy code, the Resolution and the Series 2025 Bonds may not be readily available or may be limited. The various legal opinions to be delivered concurrently with the delivery of the Series 2025 Bonds (including Bond Counsel's approving opinion) will be qualified as to the enforceability of the various legal instruments, by limitations imposed by general principles of equity, bankruptcy, reorganization, insolvency or other similar laws affecting the rights of creditors enacted before or after such delivery. RATINGS S&P Global Ratings, a business unit of Standard & Poor's Financial Services LLC ("S&P") has assigned a rating to the Series 2025 Bonds of "[_]" ([stable outlook]), respectively, to the Series 2025 Bonds. There is no assurance that each such rating will continue for any given period of time or that it will not be lowered or withdrawn entirely by the rating agencies, if in their judgment, circumstances so warrant. A downward change in or withdrawal of such ratings may have an adverse effect on the market price of the Series 2025 Bonds. An explanation of the significance of the ratings can be received from the respective rating agencies. UNDERWRITING The Series 2025 Bonds are being purchased by (the "Underwriter"), at a purchase price of $ _ (par amount of the Series 2025 Bonds, less an underwriter's discount of $ _ and [plus/less] [net] original issue [premium/discount] of $ See "ESTIMATED SOURCES AND USES OF FUNDS" herein. The offer of the Underwriter to purchase the Series 2025 Bonds, as accepted by the County, provides for the Underwriter to purchase all of the Series 2025 Bonds. The Series 2025 Bonds may be offered and sold to certain dealers and others at 50