I-1 - Preliminary Official Statement - GO Bond 2025

Direct Debt Bonds secured primarily by taxes (includes this issue) $ 23,310,000 Bonds secured primarily by annual appropriations 2,345,000 Total Direct Debt 25,655,000 Add taxpayers’ share of indirect debt 25,729,880 Direct and Indirect Debt $ 51,384,880 Revenue/Special Obligation Debt $2,296,000 Sewer Revenue Bond, Series 2016 $ 1,595,000 $6,754,000 Sewer Revenue Bonds, Series 2018 5,009,000 $486,000 Sewer Revenue Bonds, Series 2022 400,235 $143,774 Water Rev. Loan and Disbursement Agreement Anticipation Project Note, Series 2024 143,774 Pay-as-you-go TIF Notes 1,118,009 Facts for Ratio Computations 2025/2026 100% Actual Value 1 $918,840,680 2025/2026 Taxable Value with Rollback1 463,454,316 Population (2025 Estimate) 6,300 Debt Ratios Direct Indirect Direct and Debt Debt Indirect Debt To Actual Value 2.79% 2.80% 5.59% To Taxable Value 5.54% 5.55% 11.09% Per Capita $4,072 $4,084 $8,156 1 After tax increment and military exemption adjustments. – 30 –