EXHIBIT B-2 FLORENCE UNIFIED SCHOOL DISTRICT NO. 1 OF PINAL COUNTY, ARIZONA NOTICE OF REFUNDING Redemption Premium on Bonds Maturities Principal Being CUSIP Issue Original Being Amount Redemption Refunded Issue Base (Dated Principal Refunded Being Date (% of No. Date) Name Amount (July 1) Refunded (January 1) principal) 722054 BB8 08/01/2006 School 285,000 2017 120,0001 2016 0% BC6 Improvement 295,000 2018 155,0001 2016 0% BD4 Bonds, Project of 310,000 2019 310,000 2016 0% BE2 2004, Series B 320,000 2020 320,000 2016 0% BF9 (2006) (the "Series 335,000 2021 335,000 2016 0% 2006 Bonds Being Refunded") (1) Partial Redemption The above-mentioned bonds are hereinafter referred to as the "Bonds Being Refunded." Notice is hereby given that the Bonds Being Refunded have been refunded prior to maturity and that an irrevocable trust has been established and funded with obligations issued by or guaranteed by the United States of America in order to provide for the payment of the Bonds Being Refunded. The Bonds Being Refunded will be paid on the dates and in the amounts (plus interest accrued thereon to the redemption date), as set forth above. The Bank of New York Mellon Trust Company, (as successor in trust to J.P. Morgan Trust Company, N.A.) By_____________________________________ THIS IS NOT A REDEMPTION NOTICE This notice shall be sent via telecopy or through other electronic means to the Depository Trust Company, MBIA Insurance Corporation, the bond insurer, and to the Municipal Securities Rulemaking Board (the "MSRB"), currently through the Electronic Municipal Market Access system, by the method required by the MSRB.
EXHIBIT B-2 FLORENCE UNIFIED SCHOOL DISTRICT NO. 1 OF PINAL COUNTY, ARIZONA NOTICE OF REFUNDING CUSIP Issue Base No. 722054 Issue (Dated Date) Name Original Principal Amount Maturities Being Refunded (July 1) Principal Amount Being Refunded Redemption Date (January 1) Redemption Premium on Bonds Being Refunded (% of principal) BB8 BC6 BD4 BE2 BF9 08/01/2006 School Improvement Bonds, Project of 2004, Series B (2006) (the "Series 2006 Bonds Being Refunded") 285,000 295,000 310,000 320,000 335,000 2017 2018 2019 2020 2021 120,0001 155,0001 310,000 320,000 335,000 2016 2016 2016 2016 2016 0% 0% 0% 0% 0% (1) Partial Redemption The above-mentioned bonds are hereinafter referred to as the "Bonds Being Refunded." Notice is hereby given that the Bonds Being Refunded have been refunded prior to maturity and that an irrevocable trust has been established and funded with obligations issued by or guaranteed by the United States of America in order to provide for the payment of the Bonds Being Refunded. The Bonds Being Refunded will be paid on the dates and in the amounts (plus interest accrued thereon to the redemption date), as set forth above. The Bank of New York Mellon Trust Company, (as successor in trust to J.P. Morgan Trust Company, N.A.) By_____________________________________ THIS IS NOT A REDEMPTION NOTICE This notice shall be sent via telecopy or through other electronic means to the Depository Trust Company, MBIA Insurance Corporation, the bond insurer, and to the Municipal Securities Rulemaking Board (the "MSRB"), currently through the Electronic Municipal Market Access system, by the method required by the MSRB.
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