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Oct 8, 2010 2:25 pm Prepared by Davenport & Company LLC Page 2
<br />BOND PRICING
<br />Kannapolis, North Carolina
<br />Proposed Certificates of Participation, Series 2010
<br />Rates as of October 6, 2010
<br />Assumes A Rating
<br />Maturity
<br />Bond Component Date Amount Rate Yield Price
<br />Serial Bond:
<br />03/01/2012
<br />950,000
<br />2.000%
<br />1.480%
<br />100.620
<br />03/01/2013
<br />1,635,000
<br />2.000%
<br />1.670%
<br />100.712
<br />03/01/2014
<br />1,670,000
<br />2.750%
<br />1.940%
<br />102.508
<br />03/01/2015
<br />1,715,000
<br />2.750%
<br />2.220%
<br />102.117
<br />03/01/2016
<br />1,760,000
<br />3.000%
<br />2.520%
<br />102.328
<br />03/01/2017
<br />1,815,000
<br />3.000%
<br />2.790%
<br />101.187
<br />03/01/2018
<br />1,870,000
<br />3.500%
<br />3.030%
<br />103.020
<br />03/01/2019
<br />1,935,000
<br />3.500%
<br />3.240%
<br />101.857
<br />03/01/2020
<br />2,005,000
<br />3.875%
<br />3.430%
<br />103.485
<br />03/01/2021
<br />2,080,000
<br />3.875%
<br />3.600%
<br />102.135 C
<br />03/01/2022
<br />2,160,000
<br />4.000%
<br />3.710%
<br />102.240 C
<br />03/01/2023
<br />2,250,000
<br />4.000%
<br />3.790%
<br />101.615 C
<br />03/01/2024
<br />2,340,000
<br />4.125%
<br />3.870%
<br />101.955 C
<br />03/01/2025
<br />2,435,000
<br />4.250%
<br />3.950 %
<br />102.292 C
<br />03/01/2026
<br />2,535,000
<br />4.500%
<br />4.030%
<br />103.581 C
<br />03/01/2027
<br />6,185,000
<br />4.750%
<br />4.110%
<br />104.860 C
<br />Net Proceeds 36,065,875.45
<br />Attach
<br />Page
<br />G -3
<br />35,340,000
<br />Dated Date
<br />12/15/2010
<br />Delivery Date
<br />12/15/2010
<br />First Coupon
<br />03/01/2011
<br />Par Amount
<br />35,340,000.00
<br />Premium
<br />942,575.45
<br />Production
<br />36,282,575.45 102.667163%
<br />Underwriter's Discount
<br />- 216,700.00 - 0.613186%
<br />Purchase Price
<br />36,065,875.45 102.053977%
<br />Accrued Interest
<br />Net Proceeds 36,065,875.45
<br />Attach
<br />Page
<br />G -3
<br />
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