Article: Results of Negotiated Sales.

ARIZONA

Surprise Municipal Property Corp

Apr 25, 2007 $50,675,000

Wastewater Development Impact Fee and Subordinate Lien Wastewater Utility Revenue Bonds, Series 2007 (book entry)

Dated May 1, 2007.

Due Apr 1, 2014 to 2032.

First coupon Oct 1, 2007.

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