SAMPLE BALLOT

CITY SPECIAL ELECTION

CITY OF HOPE

STATE OF IDAHO

MAY 22, 2007

SHALL THE CITY OF HOPE ISSUE AND SELL ITS WATER REVENUE BONDS TO PAY PART OF THE COSTS OF THE ACQUISITION AND CONSTRUCTION OF IMPROVEMENTS TO THE CITY'S WATER SYSTEM IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $425,000? SAID BONDS SHALL MATURE OVER A PERIOD OF NOT TO EXCEED THIRTY (30) YEARS, AND SHALL BE PAYABLE SOLELY FROM THE REVENUES OF THE WATER SYSTEM, ALL AS MORE FULLY PROVIDED IN ORDINANCE NO 254, ADOPTED ON MARCH 28, 2007.

IN FAVOR OF issuing Water Revenue Bonds for the purposes provided by

Ordinance No. 254 p

AGAINST issuing Water Revenue Bonds for the purposes provided by Ordinance No. 254 p

INSTRUCTIONS TO VOTERS: To vote on the foregoing proposition, make a cross (X) in the space to the right of the words "IN FAVOR OF issuing, water revenue bonds for the. purposes provided by Ordinance No. 254" or "AGAINST issuing water revenue bonds for the purposes provided by Ordinance No. 254" according to the way you desire to vote on the question. If you, by mistake or accident, mark, tear, deface, or otherwise mutilate this ballot, return it to the election Judge and obtain another ballot.

The existing water revenue bond indebtedness of the City is $-0. The interest rate anticipated on the proposed water revenue bonds is 4.5%. The range of anticipated interest rates is from 4.0% to 6.5%. The total amount to be repaid over the life of the proposed water revenue bonds, principal and interest, based on the anticipated interest rate, is estimated to be $782,742.17.

Legal SNP# 8622

Apr. 25, May 2, 2007