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11 A. PURPOSE(S) OF THE ISSUE: <br />(1) PRIMARY refund the County's Series 2006 Bonds maturing from 2017 to 2021 <br />(2) SECONDARY <br />(3) OTHER(S) <br />B. IF PURPOSE IS REFUNDING, COMPLETE THE FOLLOWING: <br />(1) FOR EACH ISSUE REFUNDED LIST: NAME OF ISSUE, DATED DATE, ORIGINAL PAR VALUE (PRINCIPAL <br />AMOUNT) OF ISSUE, AND AMOUNT OF PAR VALUE (PRINCIPAL AMOUNT) REFUNDED. <br />Indian River County Limited General Obligation Bonds, Series 2006; dated July 6, 2006; Original <br />Par Value - S48,600,000; Par Value Refunded - $19,075,000 <br />(2) REFUNDED DEBT HAS BEEN: RETIRED OR ✓ DEFEASED <br />(3) A. DID THE REFUNDING ISSUE CONTAIN NEW MONEY? YES ✓ NO <br />B. IF YES, APPROXIMATELY WHAT PERCENTAGE OF PROCEEDS IS NEW MONEY? <br />12. TYPE OF SALE: COMPETITIVE BID NEGOTIATED ✓ NEGOTIATED PRIVATE PLACEMENT <br />13. BASIS OF INTEREST RATE CALCULATION, I.E., INTEREST RATE USED TO STRUCTURE THE BOND ISSUE: <br />NET INTEREST COST RATE (NIC) % TRUE INTEREST COST RATE (TIC) <br />`.,,. CANADIAN INTEREST COST RATE (CIC) % ARBITRAGE YIELD (ARBI) 1.660220 % <br />SPECIFY OTHER: <br />14. INSURANCE/ENHANCEMENTS: AGIC AMBAC _ CGIC CLIC FGIC FSA <br />HUD MBIA NGM LOC(LETTER OF CREDIT) OTHER (SPECIFY) <br />1 NOT INSURED <br />15. RATING(S): MOODY'S S & P FITCH DUFF&PHELPS OTHER (SPECIFY) <br />✓ NOT RATED <br />16. DEBT SERVICE SCHEDULE: <br />ATTACH COMPLETE COPY OF SCHEDULE PROVIDING THE FOLLOWING <br />INFORMATION: <br />MATURITY DATES (MO/DAY/YR) <br />COUPON/INTEREST RATES <br />ANNUAL INTEREST PAYMENTS <br />PRINCIPAL (PAR VALUE) PAYMENTS <br />MANDATORY TERM AMORTIZATION <br />2 <br />