NOTICE OF THE PRELIMINARY DETERMINATION OF THE CONSOLIDATED CITY OF INDIANAPOLIS, INDIANA, TO ISSUE BONDS

NOTICE OF THE PRELIMINARY DETERMINATION OF THE CONSOLIDATED CITY OF INDIANAPOLIS, INDIANA, TO ISSUE BONDS Notice is hereby given to the taxpayers of the Consolidated City of Indianapolis, Indiana, as such term is defined in Indiana Code 36-3-1-4 (the "City"), that the City-County Council of the City of Indianapolis and of Marion County, Indiana, did, on September 8, 2025, following public hearings held pursuant to Indiana Code 6-1.1-20-3.1(b)(1), adopt its Ordinance determining to issue general obligation bonds (the "Bonds") for the purpose of procuring funds to pay for the cost of the acquisition, design, planning, enabling work, site-work, construction, installation, equipping and/or financing of all or a portion of the costs of a new fire station for Ladder 33, together with necessary appurtenances, related improvements and equipment (the "Project"), including all expenses incurred in connection with or on account of the issuance of the bonds therefor. The term of the Bonds shall end not later than July 1, 2045, and the maximum aggregate principal amount of the Bonds shall not exceed $8,500,000. The estimated interest rates on Bonds which may be issued are expected to not exceed 6.5% per annum, and the total interest cost of all such Bonds is expected not to exceed $6,000,000. The maximum annual debt service related to the Bonds will not exceed $850,000. The City's certified total debt service fund tax levy for 2025 (which is the most recent certified tax levy) is $5,385,327 and the City's debt service fund tax rate for 2025 (which is the most recent certified tax rate) is $0.0095 per $100 of assessed value. The City's estimated total debt service fund tax levy for 2026 is $6,250,000 and the City's estimated debt service fund tax rate for 2026 is $.0113 per $100 of assessed value. The estimated total maximum debt service fund tax levy for the City and the estimated total maximum debt service fund tax rate for the City after the issuance of the Bonds are anticipated to occur no earlier than 2025 and will be $6,250,000 and $.0113 per $100 of assessed value, as so estimated respectively, as a result of the issuance of the Bonds. The result of the City's current and projected annual debt service payments divided by the net assessed value of taxable property in the City is .01016%. The result of the sum of the City's outstanding long-term debt plus the outstanding long-term debt of other taxing units in the City divided by the net assessed value of taxable property in the City is 9.16%. The estimated amount of the City's debt service levy and rate that will result during the following 10 years if the City issues the Bonds, after also considering any changes that will occur to the debt service levy and rate during that period on account of any outstanding bonds or lease obligations that will mature or terminate during that period is as follows: Estimated Total Estimated Total Year Debt Service Levy Debt Service Rate 2025 $5,385,327 $0.0095 2026 6,455,011 0.0105 2027 6,476,074 0.0105 2028 5,485,966 0.0089 2029 5,482,180 0.0089 2030 5,488,729 0.0089 2031 5,494,183 0.0089 2032 5,479,853 0.0089 2033 4,969,565 0.0081 2034 4,967,737 0.0081 2035 4,927,725 0.0080 Any owners of property located within the City or registered voters residing within the City who want to initiate a petition and remonstrance process against the proposed debt service on the Bonds attributable to the Project must file a petition that complies with Indiana Code 6-1.1-20-3.1(b)(4) and (b)(5), not later than thirty (30) days after the publication of this notice. Dated: September 12, 2025 CONSOLIDATED CITY OF INDIANAPOLIS, INDIANA HSPAXLP September 12, 19 2025 LSBN0366418