444925 NOTICE OF DEFEASANCE OF A PORTION OF THE Los Altos School District 2006 General Obligation Refunding Bonds Maturitv Date Amount Defeased 8/1/17 8/1/17 8/1/18 8/1/19 8/1/20 8/1/21 8/1/22 8/1/23 050 000 250 000 640 000 015 000 420 000 845 000 300 000 625 000 Interest Rate 50% 00% 00% 00% 00% 00% 00% 00% CUSIP Number 544290EL9 544290EKI 544290EM7 544290EN5 544290EPO 544290EQ8 544290ER6 544290ES4 New New Prerefunded Unrefunded CUSIP CUSIP 544290FX2 544290FW4 544290GFO 544290GE3 544290GG8 544290GH6 544290GJ2 544290GK9 544290GL 7 544290GM5 544290FYO 544290FZ7 544290GAI 544290GB9 544290GC7 544290GD5 Unrefunded Certificate Balance Numbers 450 000 110 000 040 000 555 000 105 000 700 000 335 000 855 000 NOTICE IS HEREBY GIVEN , on behalf ofthe Los Altos School District (the " District ) with respect to the Los Altos School District (Santa Clara County, California) 2006 General Obligation Refunding Bonds described above (the " Bonds ), that pursuant to the terms of the resolution which authorized the issuance ofthe Bonds (the " Resolution), the lien ofthe Resolution with respect to the Bonds has been discharged through the irrevocable deposit of cash and u.S. Treasury Securities in an escrow fund (the " Escrow Fund" ). The Escrow Fund has been established and is being maintained pursuant to the Escrow Deposit and Trust Agreement , dated February 12 2013 , by and between the District and u.S. Bank National Association , as escrow agent. As a result of such deposit , the Bonds are deemed to have been paid and defeased in accordance with the Resolution. The pledge of funds provided for under the Resolution and all other obligations ofthe District to the owners of the defeased Bonds shall hereafter be limited to the application of moneys in the Escrow Funds for the payment of the principal of and interest on the Bonds as the same become due and payable as described below. Amounts deposited in the Escrow Fund are calculated to be sufficient to provide for the payment of interest on the Bonds to and including August 1 2016 , and to redeem the outstanding Bonds on August 1 2016 (the " Redemption Date ), at a redemption price equal to 100% of the principal amount of the Bonds together with accrued interest to such date. From and after Redemption Date , interest on the Bonds shall cease to accrue and be payable. Mail Date: March 13 2013 S. Banl\: National Association , as Paying Agent and Escrow Agent S. Bank NA (St. Paul) 08/01/201800 08/01/201900 08/01/202000 08/01/2021 00 0000 0000 0000 0000 544290EM7 544290EN5 544290EPO 544290EQ8 ezDisclose Notice Proof Summary Report 08/01/201700 5000 S. Bank NA (St. Paul) Defeasance 544290EL9 Issues: Paying Agent Customers: Notice Memo: Job Type: 06/22/2006 N/A N/A N/A N/A N/A MU P MU P MU P MU P MU P 096000690 40071706 Issue Date: Notice Issuer: Los Altos School District Issue Title: 2006 General Obligation Refunding Bonds Client Name: ezDisclose Notice Proof Summary Report 03/13/2013 N/A N/A N/A N/A N/A Partial St. Paul Call Type: 60 Livingston Avenue 1 st Floor Bond Drop Window Pub Date: N/A N/A N/A N/A N/A 55107 Call Date: N/A N/A N/A N/A N/A N/A 03/11/2013 N/A N/A N/A N/A N/A Page 544290EQ8 544290EPO 544290EN5 544290EM7 544290EL9 Address N/A N/A N/A N/A N/A 651-973- 5800 Default Org Paying Agent Total Amt Called: Reliance: 444925 N/A N/A 08/01/202300 MU P 08/01/201700 MU P 0000 0000 544290ES4 544290EK1 ezDisclose Notice Proof Summary Report N/A 08/01/202200 MU P 0000 544290ER6 ezDisclose Notice Proof Summary Report N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Page 544290EK1 544290ES4 544290ER6 N/A 444925 N/A N/A N/A 03/11/2013
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