NOTICE OF THE PRELIMINARY DETERMINATION OF THE PUBLIC SAFETY COMMUNICATIONS SYSTEMS AND COMPUTER
FACILITIES DISTRICT
Notice is hereby given to the taxpayers of the Public Safety Communications Systems and Computer Facilities District
(the "District"), that the Emergency Services Agency Board
(the "Board"), acting as the Board of the Metropolitan Emergency Services Agency and the governing body of the District, did, on October 7, 2025, following public hearings held pursuant to Indiana Code 6-1.1-20-3.1(b)(1), adopt its resolution determining to issue general obligation bonds (the "Bonds") for the purpose of procuring funds to pay for the cost of the acquisition, construction, installation and equipping of certain tornado sirens and other public safety communications equipment, 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 District's certified total debt service fund tax levy for 2025 (which is the most recent certified tax levy) is $6,492,116 and the District's debt service fund tax rate for 2025 (which is the most recent certified tax rate) is $0.0107 per $100 of assessed value. The District's estimated total debt service fund tax levy for 2026 is $6,941,155 and the District's estimated debt service fund tax rate for 2026 is $0.0117 per $100 of assessed value. The estimated total maximum debt service fund tax levy for the District and the estimated total maximum debt service fund tax rate for the District after the issuance of the Bonds are
anticipated to occur no earlier than 2025 and will be $6,941,155 and $0.0117 per $100 of assessed value, as so estimated respectively, as a result of the issuance of the Bonds. The result of the District's current and projected annual debt service payments divided by the net assessed value of taxable property in the District is 0.01055%. The result of the sum of the District's outstanding long-term debt plus the outstanding long-term debt of other taxing units in the District divided by the net assessed value of taxable property in the District is 8.55%.
The estimated amount of the District's debt service levy and rate that will result during the following 10 years if the District 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 $6,492,116 $0.0107
2026 6,941,155 0.0117
2027 5,661,144 0.0086
2028 4,785,403 0.0073
2029 648,875 0.0010
2030 649,250 0.0010
2031 648,875 0.0010
2032 647,750 0.0010
2033 645,875 0.0010
2034 648,125 0.0010
2035 649,375 0.0010
Any owners of real property within the District and/or
registered voters residing in the District who want to initiate a petition and remonstrance process against the proposed debt service must file a petition requesting the application of a petition and remonstrance process with the Marion County Voter Registration Office which complies with Indiana Code 6-1.1-20-3.1 not later than thirty (30) days after the date of publication of this notice.
Dated this 10th day of October, 2025
THE EMERGENCY SERVICES AGENCY BOARD, ACTING AS THE BOARD OF THE METROPOLITAN EMERGENCY SERVICES AGENCY AND THE GOVERNING BODY OF THE PUBLIC SAFETY
COMMUNICATIONS SYSTEMS AND COMPUTER FACILITIES DISTRICT
HSPAXLP
Publication Dates
LSBN0382433