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 July 8, 2026, make a preliminary determination to issue bonds and enter into one or more lease agreements for the renovation of and improvements to school facilities, including wastewater connection to the Town of Gaston and construction of a wastewater facility, site improvements, deferred maintenance improvements and the purchase of vehicles, equipment and technology (collectively, the "Project"). The lease will be for a maximum term of twenty-two (22) years with a maximum annual lease rental of $2,000,000. The maximum annual lease rental payments have been estimated based upon an estimated aggregate principal amount of bonds of $10,000,000, estimated interest rate ranging from 5.00% to 5.50%, and total estimated interest costs of $6,934,445. The School Corporation may issue general obligation bonds to fund a portion of the Project, and if such bonds are issued, they will fit into the parameters listed herein. If the School Corporation issues general obligation bonds, the aggregate principal amount of the bonds associated with the leases, as described herein, would be reduced by the principal amount of the general obligation bonds issued, such that the total principal amount of bonds issued to finance the Project would not exceed the aggregate estimated principal amount of $10,000,000. 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 0.52%; 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 7.49%. The School Corporation's current Debt Service Fund levy is $1,822,903 and the current Debt Service Fund tax rate is $0.4573. After the School Corporation enters the proposed lease and/or issues the proposed bonds, the gross Debt Service Fund levy will increase by a maximum of $2,000,000 and the gross Debt Service Fund tax rate will increase by a maximum of $0.5017. However, as existing obligations mature, the anticipated net increase to the Debt Service Fund levy is expected to be $0.00 above the current levy. 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 (10) years if the School Corporation enters into the lease and/or 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 Fund Debt Service Fund Tax Levy (1) Rate (2) 2026 (3) $1,822, 903 $0.4573 2027 1,822,903 0.4573 2028 1,822,903 0.4573 2029 1,822,903 0.4573 2030 1,822,903 0.4573 2031 1,822,903 0.4573 2032 1,822,903 0.4573 2033 1,822,903 0.4573 2034 1,822,903 0.4573 2035 1,729,685 0.4339 2036 1,532,674 0.3845 2037 1,532,674 0.3845 (1) Includes the proposed bonds. (2) Based upon the 2026 certified net assessed value for the School Corporation of $398,623,085, with no change assumed thereafter. Shown per $100 of net assessed value. (3) Represents the 2026 certified debt service fund levy per the Department of Local Government Finance. The purpose of the leases and the bonds is to provide for the financing of 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: July 9, 2026. /s/ Secretary, Board of School Trustees Wes-Del Community Schools July 9 2026 LSBN0550078