OFFICIAL NOTICE OF INTENT TO SELL BONDS
Upon not less than twenty four (24) hours' notice given by Baker Tilly Municipal Advisors, LLC (the "Municipal Advisor"), as designee for the Town of Plainfield, Indiana (the "Town"), the Town will receive and consider bids for the purchase of the bonds described below. Any person interested in submitting a bid for the bonds may furnish in writing to the undersigned Controller of the Town, c/o Baker Tilly Municipal Advisors, LLC, 9229 Delegates Road, Suite 400, Indianapolis, Indiana 46240 (317) 465-1500 (telephone), or by email to bids@bakertilly.com, the person's name, address and telephone number, on or before 11:00 a.m. (Indianapolis time same as Eastern Standard Time (EST)) by Friday, November 7, 2025. The persons may also furnish an e-mail address. Bids may also be submitted electronically via PARITY© in accordance with this notice. To the extent any instructions or directions set forth in PARITY© conflict with this notice, the terms of this notice shall control. For further information about PARITY©, potential bidders may contact bids@bakertilly.com. The undersigned Controller will notify (or cause to be notified) each person so registered of the date and time bids will be received not less than twenty four (24) hours before the date and time of sale. The notification shall be made by telephone at the number furnished by such person and also by e-mail if an e-mail address has been received. The sale is expected to take place on or about November 10, 2025.
At the time designated for the sale, the Controller will receive and consider bids for the purchase of the bonds of the Town designated as "General Obligation Bonds, Series 2025" in the aggregate amount of $5,995,000 (preliminary subject to change). Bidders may bid a net discount not to exceed 1.0% of the par value of the bonds. The bonds will bear interest at a rate or rates not to exceed 6.0% per annum for tax-exempt bonds and 7.0% for taxable bonds (the exact interest rate or rates will be determined by bidding). Interest will be calculated on a 360 day year consisting of twelve 30 day months. Said bonds will be dated as of the date of delivery of the bonds, will be in the denominations of $5,000 or $100,000 or integral multiples of $1,000 in excess thereof (or such other denomination upon the advice of the Municipal Advisor) and will mature semi-annually on January 1 and July 1 in the years and in the amounts as provided by the Town at least 24 hours prior to the time of the sale.
All or a portion of the bonds may be issued as one or more term bonds, upon election of the successful bidder. Such term bonds shall have a stated maturity or maturities of January 1 and July 1, in the years as determined by the successful bidder but no later than the final maturity established by the Town prior to the sale. The term bonds shall be subject to mandatory sinking fund redemption and final payment(s) at maturity at 100% of the principal amount thereof, plus accrued interest to the redemption date, on dates consistent with the schedule provided.
The bonds of this issue will not be subject to optional redemption prior to maturity.
Principal is payable at the office of a registrar and paying agent to be designated by the Town. Interest shall be paid by check mailed to the registered owners or by wire transfer to depositories. The bonds will be issued in fully registered form.
Each bid must be for all of the bonds and must state the rate or rates of interest in multiples of 1/8, 1/20 or 1/100 of one percent (1%). Any bids specifying two or more interest rates shall also specify the amount and maturities of the bonds bearing each rate, but all bonds maturing on the same date shall bear the same single interest rate. The award will be made to the best bidder complying with the terms of sale and offering the lowest net interest cost to the Town, to be determined by computing the total interest on all of the bonds to their maturities and adding thereto the discount bid, if any, and deducting therefrom the premium bid, if any. Although not a term of sale, it is requested that each bid show the net dollar interest cost to final maturity and the net effective average interest rate on the entire issue. No conditional bid or bids for less than 99.0% of the par value of the bonds will be considered. The right is reserved to reject any and all bids. In the event no satisfactory bids are received at the time of the sale, the sale will be continued from day to day thereafter, without further advertisement for a period of thirty (30) days during which time no bid which provides a higher net interest cost to the Town than the best bid received at the time of the advertised sale will be considered.
Each bid not submitted via PARITY© must be on a customary bid form which shall be enclosed in a sealed envelope addressed to the undersigned Controller and marked "Bid for Town of Plainfield, Indiana General Obligation Bonds, Series 2025" or e-mailed to the Municipal Advisor at the e-mail address listed above.
If a potential bidder has questions related to the Town, the financing or submission of bids, questions should be submitted by email to the address above no later than two (2) business days before sale by 11:30 a.m. (EST). (The sale is anticipated to occur on November 10, 2025). To the best of the Town's ability, all questions will be addressed by the Town and sent to potential bidders, including any bidders requesting 24 hours' notice of sale, no later than two (2) business days before sale by 5:00 p.m. (EST). Additionally, upon request, the written responses will be emailed to any other interested bidder. Bidders should review this notice as well as the official statement and submit any questions in advance of this deadline to submit questions.
The winning bidder will be notified and instructed to submit a good faith deposit which may consist of either a certified or cashier's check or a wire transfer in the amount of $59,950.00 (the "Deposit") (preliminary subject to change). If a check is submitted, it shall be drawn on a bank or trust company which is insured by the Federal Deposit Insurance Corporation and shall be submitted to the Town (or shall wire transfer such amount as instructed by the Town) not later than 3:30 p.m. (Indianapolis time) on the next business day after the date of the award. In either case, the Deposit shall be payable to the "Town of Plainfield, Indiana," and shall be held as a guaranty of the performance of the bid. No interest on the Deposit will accrue to the successful bidder. In the event the successful bidder fails to honor its accepted bid, the Deposit will be retained by the Town. The successful bidder will be required to make payment for such bonds in Federal Reserve funds or other immediately available funds and accept delivery of the bonds within five days after being notified that the bonds are ready for delivery, at such bank in the City of Indianapolis, Indiana, or the Town, as the purchaser shall designate, or at such other location which may be mutually agreed to by the Town and such bidder. It is anticipated that the bonds will be ready for delivery within thirty days after the date of the sale and if not ready for delivery within forty five days after the sale date, the purchaser shall be entitled to rescind the sale and obtain the return of the Deposit. The successful bidder may, at its option, apply to a securities depository registered with the Securities and Exchange Commission ("SEC") to make such bonds depository eligible.
As set forth in the Preliminary Official Statement, the winning bidder agrees by submission of their bid to assist the Town in establishing the issue price of the bonds under the terms outlined therein and shall execute and deliver to the Town at closing an "issue price" certificate, together with the supporting pricing wires or equivalent communications, with such modifications as may be appropriate or necessary, in the reasonable judgment of the winning bidder, the Town and Bond Counsel.
The opinion of Taft Stettinius & Hollister LLP, bond counsel of Indianapolis, Indiana, approving the legality of said bonds, together with a transcript of the bond proceedings, and closing certificates in the usual form showing no litigation, will be furnished to the successful bidder at the expense of the Town.
The bonds may be issued, at the option of the successful bidder, by means of a book-entry-only system with no physical distribution of bond certificates made to the public. In this case, one bond certificate for each maturity will be issued to and registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC"), and immobilized in its custody. The successful bidder, as a condition of delivery of the bonds, shall be required to deposit the bond certificates with DTC, registered in the name of Cede & Co., nominee of DTC.
It is anticipated that CUSIP identification numbers will be printed on the bonds, but neither the failure to print such numbers on any bond nor any error with respect thereto shall constitute cause for failure or refusal by the successful bidder therefor to accept delivery of and pay for the bonds in accordance with the terms of its bid. No CUSIP identification number shall be deemed to be a part of any bond or a part of the contract evidenced thereby and no liability shall hereafter attach to the Town or any of its officers or agents because of or on account of such numbers. All expenses in relation to the printing of CUSIP identification numbers on the bonds shall be paid for by the Town; provided, however, that the CUSIP Service Bureau charge for the assignment of said numbers shall be the responsibility of and shall be paid for by the successful bidder. The successful bidder will also be responsible for any other fees or expenses it incurs in connection with the resale of the bonds.
The bonds are being issued under the provisions of Indiana Code 36-5 for the purpose of financing various separate and independent projects including the cost of the construction of capital improvements and repairs throughout the Town, the acquisition of equipment and technology, and incidental expenses in connection therewith, including the expenses necessary to be incurred in connection with the issuance of bonds. The bonds will be direct obligations of the Town payable out of ad valorem taxes to be collected on the taxable property within the Town. However, the Town's collection of the levy may be limited by operation of Indiana Code 6-1.1-20.6. In the opinion of bond counsel, under the federal statutes, decisions, regulations and rulings existing on this date, the interest on the bonds is excludable from gross income for purposes of federal income taxation.
The Town has reserved the right to issue additional bonds ranking on a parity with the bonds now being offered, upon certain terms and conditions specifically set forth in the ordinance authorizing issuance of the bonds.
The bonds are subject to the Internal Revenue Code of 1986 as in effect on the date of their issuance (the "Code") which imposes limitations on the issuance of obligations like the bonds under federal tax law. The Town has covenanted to comply with those limitations to the extent required to preserve the exclusion of interest on the bonds from gross income for federal income tax purposes.
The Town has prepared an Official Statement relating to the bonds which it deems to be nearly final. A copy of the nearly final Official Statement may be obtained from the Municipal Advisor or from PARITY©.
Within seven (7) business days of the sale, the Town will provide the successful bidder with up to 20 copies of the final Official Statement at the Town's expense and such additional copies as may be requested, within five (5) business days of the sale, by the successful bidder at the expense of the successful bidder. Inquiries concerning matters contained in the nearly final Official Statement must be made and pricing and other information necessary to complete the final Official Statement must be submitted by the successful bidder within two (2) business days following the sale to be included in the final Official Statement.
In the ordinance approving the bonds and pursuant to a Continuing Disclosure Undertaking Agreement to be delivered by the Town upon delivery of the bonds, the Town will covenant to comply with SEC Rule 15c2-12, as in effect of the date of delivery of the bonds ("Rule 15c2-12"). The Town will covenant to provide the most recent annual financial information and operating data relating to the Town as described in the Preliminary Official Statement prepared in connection with the sale of the bonds. Further, with respect to the bonds, the Town will undertake to provide notice of those material events required by Rule 15c2-12.
Dated this 31st day of October, 2025.
/s/ Steve Dyson, Controller
Town of Plainfield, Indiana
HSPAXLP
October 31, November 7 2025
LSBN0398091