01-26-15 Agenda, Packet and Committee Meeting Notice

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ESTIMATED SOURCES AND USES OF FUNDS Sources of Funds ParAmount $ 5,580,000 Total Sources of Funds $ 5,580,000 Uses of Funds Project Fund $ 5,000,959 Debt Service Reserve Fund 419,241 Underwriter's Discount 55,800 Cost of Issuance (1) 104,000 Total Uses of Funds $ 5,580,000 (1) Includes legal fees, financial advisory fees, rating agency fees printing and mailing expenses and other miscellaneous expenses. DESCRIPTION OF THE BONDS The Bonds will be issued as fully registered bonds and will be registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York (DTC). Purchases of beneficial interests in the Bonds will be made in book - entry-only form, in denominations of $5,000 or any integral multiple in excess thereof. Purchasers of beneficial interests in the Bonds (the "Beneficial Owners ") will not receive physical delivery of certificates representing their interests in the Bonds. Interest on the Bonds will be paid semi - annually on February 1 and August 1 in each year beginning August 1, 2015. The principal of the Bonds is payable on each February 1 and August 1 beginning August 1, 2015, at the designated office of U.S. Bank National Association, as registrar and paying agent (the "Registrar" and the "Paying Agent "). Interest on the Bonds will be paid by check or draft, mailed one business day prior to the interest payment date to the registered owners of the Bonds as the names appear as of the fifteenth day of the month preceding the interest payment date and at the addresses as they appear on the registration books kept by the Registrar; provided, however, so long as DTC or its nominee is the registered owner of the Bonds, principal of and interest on the Bonds will be paid directly to DTC by the Paying Agent. Neither the City nor the Paying Agent will have any responsibility for a Beneficial Owner's receipt from DTC or its nominee or any Direct Participant or Indirect Participant (as such terms are herein defined) of any payments of principal of or any interest on any Bonds. (See "APPENDIX E - BOOK - ENTRY -ONLY SYSTEM ".) COUNTY ECONOMIC DEVELOPMENT INCOME TAX (CEDIT) The CEDIT is authorized pursuant to Indiana Code 6 -3.5 -7 and may be imposed on the adjusted gross income of county taxpayers. County taxpayers are individuals who (i) reside in such county on January 1 of the calendar year in which the individual's taxable year commences, or (ii) maintain a principal place of business or employment in such county on January 1 of the calendar year in which the individual's taxable year commences and who do not on that same date reside in another county in which the county adjusted gross income tax (CAGIT), the county option income tax (COIT) or CEDIT is in effect. "Adjusted Gross Income" -2-