I-1 - Finance Plan - 2025 GO Bond

Attachment 2 – Risk Factors Property Taxes: Final property tax levies will be set based on the results of sale. Levies should be reviewed annually and adjusted as needed. Future Legislative changes in the property tax system, including the imposition of levy limits and changes in calculation of property values, would affect plans for payment of debt service. Delinquent payment of property taxes would reduce revenues available to pay debt service. General: In addition to the risks described above, there are certain general risks associated with the issuance of bonds. These risks include, but are not limited to:  Failure to comply with covenants in bond resolution.  Failure to comply with Undertaking for continuing disclosure.  Failure to comply with IRS regulations, including regulations related to use of the proceeds and arbitrage/rebate. The IRS regulations govern the ability of the City to issue its bonds as tax-exempt securities and failure to comply with the IRS regulations may lead to loss of tax- exemption. Northland Securities, Inc. Page 5