NOTICE OF CASH DEFEASANCE AND ESCROW DEPOSIT_063022

NOTICE IS HEREBY GIVEN to the holders of the Bonds of the Authority set forth in the Schedule below (the “Defeased Bonds”) that there has been deposited with U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Escrow Agent, moneys and direct obligations of the United States of America, as permitted by the Authority’s Water and Sewer System Second General Revenue Bond Resolution, adopted by the Authority on March 30, 1994, as amended and supplemented to the date hereof (the “Second General Resolution”), the principal of and interest on which, when redeemed prior to maturity, will provide moneys which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient and available to pay the principal amount thereof and interest due and to become due on the Defeased Bonds on and prior to the respective redemption dates as set forth in the Schedule below. The Defeased Bonds are deemed to be paid in accordance with Section 1201 of the Second General Resolution. The Trustee has been irrevocably instructed to pay the Defeased Bonds on the respective redemption dates at 100% of the principal amount thereof, plus accrued interest thereon to the respective redemption dates.

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