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EXHIBIT B <br /> Description of the Refunded Bonds <br /> City of Everett, Washington <br /> Certificates of Participation, 1993 <br /> Maturity Years Principal Interest <br /> (March 1) Amounts Rates <br /> 2004 $ 655,000 5.30% <br /> 2005 690,000 5.40 <br /> 2006 730,000 5.50 <br /> 2007 775,000 5.55 <br /> 2008 820,000 5.60 <br /> City of Everett,Washington <br /> Limited Tax General Obligation Bonds, 1993 <br /> Maturity Years Principal Interest <br /> (December 1) Amounts Rates <br /> 2004 $ 115,000 5.60% <br /> 2005 125,000 5.70 <br /> 2006 130,000 5.70 <br /> 2007 140,000 5.75 <br /> B-1 P.\CMW\CMW5IL 12/06/02 <br />