$5,495,000*
East Lampeter Sewer Authority, Lancaster County, Pennsylvania
Guaranteed Sewer Revenue Bonds,
Series of 2019

(1) Moody's Investors Service has assigned an Aa3 rating to the Bonds.

(2) In accordance with the "Municipal Bond Insurance and Credit Rating" section of the Invitation to Bid for the Bonds, bidders only have the option to bid for the Bonds without insurance, or with insurance from one of the following insurers at the respective premiums:

  
     Insurer   Premium
     -------   -------
     AGC       $11,200
     AGM       $11,200
     BAM       $20,000
     MAC       $11,200

The cost of insurance and rating will be paid by the issuer.

*Preliminary, subject to change


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