NOTICE OF DETERMINATION TO ISSUE GENERAL
OBLIGATION BONDS OF ST. JOSEPH COUNTY, INDIANA
Taxpayers and owners of real property in St. Joseph County, Indiana (the “County”) are hereby notified that on Tuesday, May 26, 2026, the St. Joseph County Council (the “Council”) adopted Bill No. 28-26 (the “Bond Ordinance”) authorizing the issuance of general obligation bonds of the County (the “Bonds”). The proposed Bonds shall be issued in one or more series, either at one time or from time to time, in the aggregate principal amount not to exceed Thirty Million Dollars ($30,000,000) for the purpose of constructing separate and distinct bridge im-provement projects in the County as more particular described in the Bond Ordinance (collectively, the “Projects”), which Projects are eligible to be undertaken from time to time based on priority and available funding, and to pay incidental expen-ses necessary to be incurred in connection with the financing of the Projects, including allowable reimbursements to the County, if any, paying capitalized interest, if necessary, and issuance costs, including premiums for municipal bond insurance and a debt service reserve surety, if any. The Bonds are, as to all the principal thereof and interest due thereon, general obligations of the County, payable from ad valorem property taxes to be levied upon all of the taxable property located in the County, to the extent other revenues of the County are not sufficient for such purpose as described in the Bond Ordinance. The maximum term of each series of the Bonds will be twenty (20) years, and each series of Bonds will bear interest at a rate or rates not exceeding seven percent (7%) per annum.
Dated: June 10, 2026
ST. JOSEPH COUNTY, INDIANA
June 12, 19, 2026