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<br />EXHIBIT B <br /> <br />FORM OF SERIES 2003A NOTE <br /> <br />No. A-I <br /> <br />$5,400,000 <br /> <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />CITY OF CASSELBERRY, FLORIDA <br />UTILITY SYSTEM REVENUE NOTE, <br />SERIES 2003A <br /> <br />% <br /> <br />Maturity Date <br />October 1,2020 <br /> <br />Date of <br />Original Issuance <br /> <br />Interest Rate <br /> <br />December _, 2003 <br /> <br />Registered Holder: SUNTRUST BANK <br /> <br />Principal Amount: FIVE .MILLION FOUR HUNDRED THOUSAND AND NOlI 00 DOLLARS <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that the City ofCasseIberry, a municipal <br />corporation ofthe State of Florida (the "Issuer"), for value received, hereby promises to pay, solely <br />from the Pledged Funds hereinafter described, to the Registered Holder identified above, or <br />registered assigns as hereafter provided, on the Maturity Date identified above, the Principal Amount <br />identified above and interest on such Principal Amount from the Date of Original Issuance identified <br />above or from the most recent interest payment date to which interest has been paid at the Interest <br />Rate per annum identified above on Apri11 and October 1 of each year commencing April 1 ,2004, <br />until such Principal Amount shall have been paid, except as the provisions hereinafter set forth with <br />respect to redemption prior to maturity may be or become applicable hereto. Principal installments <br />shall be due and payable on each October 1, beginning October 1,2013 as set forth in Exhibit "A" <br />hereto. <br /> <br />Such Principal Amount and interest and the premium, if any, on this Note are payable in any <br />coin or currency of the United States of America which, on the respective dates of payment thereof, <br />shall be legal tender for the payment of public and private debts. Such Principal Amount and the <br />premium, if any, on this Note, are payable, upon presentation and surrender hereof, at the principal <br />corporate trust office of the City of Casselberry, Florida, as Paying Agent. Payment of each <br />installment of interest shall be made to the person in whose name this Note shall be registered on the <br />regiitration books of the Issuer maintained by the City of Casselberry, Florida, as Registrar, at the <br />close of business on the date which shall be the fifteenth day (whether or not a business day) of the <br />calendar month next preceding each interest payment date and shall be paid by a check or draft of <br />