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[Form of Bond] <br /> <br />Unless this bond is presented by an authorized representative of The Depository Trust Company, <br />a New York corporation ("DTC"), to the City or its agent for registration of transfer, exchange, <br />or payment, and any bond issued is registered in the name of Cede & Co. or in such other name <br />as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. <br />or to such other entity as is requested by an authorized representative of DTC), ANY <br />TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR <br />TO ANY PERSON IS WRONGFUL inasmuch as the Registered Owner hereof, Cede & Co., has <br />an interest herein. <br /> <br />No. R- $ <br /> <br />UNITED STATES OF AMERICA <br /> STATE OF COLORADO <br /> COUNTY OF BOULDER <br /> <br />CITY OF LOUISVILLE <br /> <br />SALES TAX REFUNDING REVENUE BOND <br /> SERIES 2003 <br /> <br />INTEREST RATE <br /> <br />MATURITY DATE <br /> <br />DATED AS OF CUSIP <br /> <br />% December 1, 20 October 1, 2003 <br /> <br />REGISTERED OWNER: CEDE & CO. <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS <br /> <br /> The City of Louisville, in the County of Boulder and the State of Colorado, a <br />municipal corporation duly organized and operating under the City Charter and the constitution <br />and laws of the State of Colorado, for value received, hereby promises to pay from the special <br />funds and accounts hereafter designated, but not otherwise, to the Registered Owner named <br />above, or registered assigns, on the maturity date specified above (unless called for earlier <br />redemption), the principal amount specified above, and in like manner to pay interest on such <br />principal amount at the interest rate per annum specified above, payable semiannually on June 1 <br />and December 1 each year, commencing on June 1, 2004, until such principal amount is paid, <br />unless this Bond shall have been previously called for redemption and payment shall have been <br /> <br />13 <br /> <br /> <br />