Notice of Adoption of Preliminary Determination Notice is hereby given pursuant to Indiana Code § 6-1.1-20-3.1 that the Board of School Trustees (the "Board") of Wes-Del Community Schools (the "School Corporation") did, on September 25, 2025, make a preliminary determination to issue bonds for the renovation of and improvements to school facilities, including wastewater connection to the Town of Gaston and site improvements, deferred maintenance improvements and the purchase of vehicles, equipment and technology (collectively, the "Project"). The bonds will have a maximum maturity of thirteen (13) years, a maximum principal amount of $1,660,000, and estimated interest rate of 5.50%, resulting in total estimated interest costs of $317,567. As required by Indiana Code § 6-1.1-20-3.1(b)(1), the following information was available to the public at the public hearings on the preliminary determination: (i) the School Corporation's current and projected annual debt service payments divided by the net assessed value of taxable property within the School Corporation, which is 0.59%; and (ii) the sum of the School Corporation's outstanding long term debt plus the outstanding long term debt of other taxing units that include any other territory of the School Corporation divided by the net assessed value of taxable property within the School Corporation, which is 5.73%. The School Corporation's current debt service fund levy is $1,649,452 and the current debt service fund tax rate is $0.4561. After the School Corporation's bonds are issued, the gross debt service fund levy will increase by a maximum of $1,282,644 and the gross debt service fund tax rate will increase by a maximum of $0.3257. However, as existing obligations mature, under current assumptions the anticipated net increase to the debt service fund tax rate is expected to be $0.00 above the current rate. The estimated amount of the School Corporation's debt service fund levy and debt service fund tax rate that will result during the following ten years if the School Corporation issues the bonds, after considering any changes that will occur to the debt service fund levy and debt service fund tax rate during that period on account of any outstanding bonds or lease obligations that will mature or terminate during that period, is as follows: Year Estimated Total Estimated Total Debt Service Levy Debt Service Rate (1)(2) 2025 $1,649,452 $0.4561 2026 1,649,452 0.4561 2027 1,455,127 0.4024 2028 1,459,023 0.4034 2029 1,263,202 0.3493 2030 1,259,414 0.3482 2031 1,267,438 0.3505 2032 1,271,662 0.3516 2033 1,275,507 0.3527 2034 1,281,602 0.3544 2035 575,889 0.1592 (1) Based upon the 2025 certified net assessed value for the School Corporation of $361,642,519, with no change assumed thereafter. (2) Assumes a miscellaneous revenue factor of 8.17%. Shown per $100 of net assessed value. The purpose of the bonds is to provide for the Project. Any owners of real property within the School Corporation or registered voters residing within the School Corporation who want to initiate a petition and remonstrance process against the proposed issuance of the bonds must file a petition that complies with Indiana Code § 6-1.1-20-3.1 subdivisions (4) and (5) not later than 30 days after the publication of this notice. Dated September 26, 2025. /s/ Secretary, Board of School Trustees Wes-Del Community Schools HSPAXLP September 26 2025 LSBN0374366