NOTICE OF DETERMINATION TO ISSUE BONDS OF THE CITY OF RICHMOND, INDIANA

NOTICE OF DETERMINATION TO ISSUE BONDS OF THE CITY OF RICHMOND, INDIANA Taxpayers of the City of Richmond, Indiana ("City") are notified that the Common Council did, on March 16, 2026, adopt an ordinance authorizing the issuance of bonds of the City in an amount not to exceed $11,000,000 for the purpose of providing funds for the cost of the acquisition, construction and installation of park and recreation improvements, together with all necessary appurtenances, related improvements and equipment and to pay the costs of issuance of such bonds ("Project"). The bonds are to bear interest at a rate or rates not to exceed seven percent (7%) per annum (the exact rate or rates to be determined by competitive bidding or negotiation with the purchaser of the bonds) and are to mature semiannually on January 15 and July 15 of each year over a period ending no later than twenty (20) years after their date of issuance, and are to be payable from any legally available revenues of the City and to the extent such revenues are not sufficient, from an ad valorem property tax to be levied on all taxable property in the City. Prior to the issuance of the bonds, the City has authorized the issuance of bond anticipation notes ("BANs") in an amount not to exceed $5,000,000 to pay a portion of the cost of the Projects at an interest rate not to exceed seven percent (7%) per annum over a period not to exceed five (5) years after their date of issuance. The BANs are payable from proceeds of the bonds. Dated: March 23 and March 30, 2026. CITY OF RICHMOND, INDIANA /s/ Tracy McGinnis, Controller March 23, 30 2026 LSBN0481698