Official Statement Airport Commission City and County of San ...

The 2010A-3 Bonds are also subject to redemption prior to their stated maturity dates, in part, by lot, from
mandatory sinking fund payments, at a redemption price equal to 100% of the principal amount thereof plus accrued
interest thereon to the date of redemption, without premium, as set forth below:
_____________
† Maturity.
$72,000,000 2010A-3 Bonds
Mandatory Sinking Fund
Redemption Date Mandatory Sinking Fund
(May 1) Payment
2014 $250,000
2015 260,000
2016 275,000
2017 1,080,000
2018 1,125,000
2019 1,660,000
2020 1,740,000
2021 2,800,000
2022 2,930,000
2023 3,745,000
2024 5,020,000
2025 5,260,000
2026 5,505,000
2027 8,660,000
2028 10,505,000
2029
2030 †
Notice of Redemption
10,470,000
10,715,000
The Trustee is required to give notice of redemption by first class mail, at least 30 days but not more than
60 days prior to the redemption date, to the registered owners of the affected 2010A Bonds to be redeemed, all
organizations registered with the Securities and Exchange Commission as securities depositories and at least two
information services of national recognition which disseminate redemption information with respect to municipal
securities and by mail or Electronic Means to the Trustee, the Paying Agent, the Remarketing Agent and the Bank.
In addition, the Commission has covenanted to give notice of optional, unscheduled and contingent bond calls with
respect to the 2010A Bonds to the Municipal Securities Rulemaking Board and to the applicable state repository, if
any, and to provide a copy of such notice to the Trustee. See APPENDIX E–“SUMMARY OF CERTAIN PROVISIONS OF
THE CONTINUING DISCLOSURE CERTIFICATE.”
So long as the 2010A Bonds are in book-entry only form through the facilities of DTC, notice of
redemption will be provided to Cede & Co., as the registered owner of the 2010A Bonds, and not directly to the
Beneficial Owners.
Any notice of optional redemption may be cancelled and annulled if for any reason funds are not available
on the date fixed for redemption for the payment in full of the Bonds then called for redemption. Such cancellation
does not constitute an event of default under the 1991 Master Resolution.
Selection of a Series of 2010A Bonds for Redemption
If less than all 2010A Bonds of a Series are to be redeemed, the 2010A Bonds to be redeemed shall be
selected by lot in such manner as the Trustee shall determine. If less than all of the term 2010A Bonds of a Series
are to be optionally redeemed or purchased and cancelled by the Commission prior to maturity, the principal amount
of such Series of 2010A Bonds redeemed or purchased will be credited against the Mandatory Sinking Fund
Payments and maturity amount of such Series of 2010A Bonds in such manner as the Commission shall determine.
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