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2007 REDEVELOPMENT AGENCY TAX ALLOCATION BONDS,
        SERIES A


        Original Issue Amount:  $43,495,000
        Issuance Date:            11/1/2007
        Maturity Date:            8/1/2038
        Interest Rates:           4% - 5%

        Description:  The 2007 Redevelopment Agency Tax Allocation Bonds were issued in
        April 2007, to refund prior bonds, to fund a reserve for the bonds and to pay issuance
        costs.  These bonds funded various public improvements including the construction of
        Fire Station 99 (Morrison Park) and the Nason Street bridge.

        Repayment Source:  The bonds  are payable by the Successor  Agency  from  the
        Redevelopment  Property Tax Trust  Fund  (RPTTF)  as  approved  on  the  Recognized
        Obligation Payment Schedule (ROPS) by the California Department of Finance


        Security:  The bonds are secured with bond insurance and a reserve account funded
        with a surety bond both purchased through Ambac Assurance Corporation.  The bonds
        are also secured by the pledge of future Tax Increment revenues.

        Debt  Service  Schedule:  The  annual  debt  service  requirements  for  the  2007
        Redevelopment Agency Tax Allocation Bonds payable outstanding at June 30, 2016, are
        as follows:


         YEAR ENDING JUNE 30,         PRINCIPAL            INTEREST           INTEREST RATE
         2017                          245,000            2,000,109              4%
         2018                          250,000            1,990,209              4%
         2019                          260,000            1,980,009              4%
         2020                          265,000            1,969,509              4%
         2021                          270,000            1,958,640             4.125%
         2021-2025*                   6,415,000           9,204,840            4.25-4.5%
         2026-2030*                  10,040,000           7,187,818             4.5-5%
         2031-2035*                  13,655,000           4,261,125              5%
         2036-2038*                   9,950,000             762,500              5%
                                    $41,350,000          $31,314,759

        *Represents the total amount due during the specified period.
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