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Book-Entry-Only Underlying Rating: Standard & Poor’S Corporation “A+” There

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Book-Entry-Only Underlying Rating: Standard & Poor’S Corporation “A+” There This Preliminary Official Statement and the information contained herein are subject to completion, amendment or other change without any notice. The securities described herein may not be sold nor may offers to buy be accepted prior to the time the Official Statement is delivered in final form. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such jurisdiction. disallowance of 100% of the deduction for interest expenseallo interest for deduction 100% ofthe of disallowance r of1986 Code Revenue Internal ofthe of Section265(b)(3) theprovisions from exception forthe$10,000,000 the Bonds qualify StateofIndian from incometaxationinthe opinion ofTWPetersonLa the In defined). continui on isconditioned exclusion Such corporations. certain taxi minimum alternative thefederal ofcomputing purposes forthe earnings current adjusted indetermining account into taken forpurposesof (the "Code"),isnotanitemoftaxpreference income grossincomefederal from oftheownersfor is excludable TWPetersonLawOffice, of In theopinion Book-Entry-Only NEW ISSUE responsibility of the DTC Participants andthe IndirectParticip theDTCParticipants responsibility of registered its nomineeisthe th of, principal the with together on, Interest the Paying Agent. corporate designated the at America of States the United of money lawful in payable be shall Bonds the on any, if and premium, This coverpage containscertaininformation change. to subject * Preliminary, fund redemp sinking mandatory to andsubject defined)discretion (hereinafter ma Bonds The to maturity,herein. priorfully optional redemption asmoredescribed onebusin mailed check, Bonds willbepaidby NewYorkMellonTrustCompany, N.A.,inIndianapo Bankof by The 15,2015.Pr July year, beginning each 15of andJuly January 15 ofcertificates delivery receive physical in interests Purchasers ofbeneficial thereof. multiples integral $5,000orany of denomination inte ofbeneficial Company(“DTC”).Purchases Trust Depository taxable property within the School Corporation in anamountsuffici Corporation within theSchool property taxable 3. 47, Chapter 20,Article Title Code Indiana with in accordance as ofJuly (the“TrustIndenture”) 1,2014 andalease(herei by aFirst SupplementalTrustInde Cor (the“Building Corporation Building The HanoverMulti-School ofDe Original Date:Date Official Statement to obtain information essential essential information obtain to Statement Official the Leased Property (hereinafter defined). The Bonds shallnot defined).The Property (hereinafter the Leased underI mandatory is Rentals the Lease topaySchool Corporation the Buil between Trust Indenture a under “Trustee”) Indiana (the directly BankofNewYork(the “SchoolCorporation”) Community MellonTrustCompany, toThe N.A.,inIndiana Corporation School payable payments (the “Lease Rentals”) to semiannualleaserental and secured byfromfixed, The Bondsare (the“Ser 21,2007 March 2007,dated Series Refunding Bonds, purchaseofLeasedPropertythe BuildingCorporation's (hereinaft “Projects”),and facilities (the ofvariousfaci andrenovation ofconstruction paying costs (the “Bonds”)forthepurposeof the The Bondswillbeissuedonl andlimita the provisions Programmatic Programmatic tions of the constitution of the State of Indiana. of theState of theconstitution tions of livery (Anticipated to be July 29, 2014) 2014) July be 29, to (Anticipated livery owner of the Bonds. The final disbursement ofsu Thefinaldisbursement oftheBonds. owner y bonds,andwhen asfully registered to to pay capitalized interest an nture dated as ofMarch1,2007, asfurther nture datedas HANOVER MULTI-SCHOOL BUILDING HANOVERMULTI-SCHOOL CORPORATION This Preliminary Official Statement is deemed “nearly final” final” “nearly deemed is Statement Official Preliminary This representing their interests in the Bonds. intheBonds. theirinterests representing under federal statutes, decisi federal under statutes, w Office, under existing statutes, decisions, regulation and rulings, interest onthe andrulings, decisions,regulation existing statutes, w Office,under a. The BuildingCorporationhasdesignate a. FIRST MORTGAGEBONDS,SERIES2014 ess day prior to the interest payment date payment date ess dayinterest tothe prior for quick reference only. It is notasumma only.It quick reference for to the making of an informed investment decision. investment an informed of making to the CEDAR LAKE, INDIANA and is dated July2,2014 and isdated nafter defined)betweentheSchool nafter d issuance expenses. Funding for the Projects will be provided Projects willbe Funding forthe issuanceexpenses. d federal alternative minimum tax minimum federal alternative ies 2007 Bonds”), now outstanding in the amount of $10,135,000. $10,135,000. outstandingintheamountof 2007 Bonds”),now ies cable to tax exempt obligations ants. See“BOOK-ENTRY-ONLYSYS ants. ng compliance by the School Corporation with the Tax Covenants Tax Covenants the with the SchoolCorporation by compliance ng e Bonds will be paid directly to DTC by the Paying Agentsol the Paying by toDTC directly Bonds willbepaid e Such Lease Rentals arepayabl Rentals Lease Such $5,500,000* $5,500,000* constitute an indebtedness oftheSchoolCorporation withinthe anindebtedness constitute ding Corporation and the Trustee dated as of May 1, 2004, assu asofMay 1,2004, dated Trustee andthe ding Corporation tax purposes pursuant to Section 103 of the Internal Revenue Code of 1986 of1986 Code Revenue 103oftheInternal toSection taxpurposespursuant incipal and interest will be disbursed on behalf of theBuildi onbehalf disbursed interest willbe and incipal ndiana law. The Bonds are additionally secured by a first mort a first securedby Bondsareadditionally The ndiana law. ent to pay the LeaseRentalsas ent topay issued, will be registered in the name of Cede & Co., as nominee forThe ofCede&Co.,asnominee name issued, willberegisteredinthe er defined). TheBondswillrankonparity withtheFirst Mor er defined). poration”) is issuing $5,500,000* of First Mortgage Bonds, Seri FirstMortgageBonds, issuing$5,500,000*of is poration”) ons, regulations and rulings, ons, regulationsandrulings, rests in the Bonds will be made in book-entry-only form inthe form inbook-entry-only Bondswillbemade rests inthe lis, Indiana (the “Registrar” and “Paying Agent”). Interest on Agent”).Interest and“Paying (the“Registrar” lis, Indiana tion as more fully described herein. described herein. asmorefully tion supplemented by a Second supplemented by ch payments to the Beneficial OwnersoftheBond ch payments totheBeneficial Underlying Rating Due: January 15 and July 15, as shown on inside cover page oninsidecoverpage as shown and July 15, 15 Due: January Interest on the Bondswillbepayable sem Interest onthe y be issued as “Term Bonds” at the Underwrit yissued as“TermBonds”atthe be or by wire transfer to depositories.T transfer or by wire d the Bonds asqualifiedtax-exemptobliga d theBonds Rating ry of this issue.Investors must read . See “TAX MATTERS” herein. See“TAXMATTERS”herein. Corporation and the Building Co Corporationandthe imposed onindividualsandcorpo theBonds(the“BeneficialOwn e from advalorempropertye from taxes lities, infrastructure, equipme infrastructure, lities, : Standard & Poor’s Corporation“A+” : Standard&Poor’s “A+” : Standard Corporation &Poor’s they due.Thelevy o become interest on the Bonds (her interest onthe TEM”. TheBondswillbesubject Supplemental TrustInden be paid by the Hanov be paidby the by proceeds from proceeds by Bonds isexempt Bonds einafter defined) defined) einafter ng Corporation ng Corporation ong as DTC or ong asDTCor he principal he principal of nt and athletic rporation, and rporation, rations, butis trust office of officeof trust ers”) willnot ers”) f taxes by the levied on all onall levied iannually on on iannually elating to the the to elating s will be the s willbe gage lien on gage lienon meaning of pplemented (hereinafter (hereinafter mposed on mposed on the entire entire the ture dated ture dated es 2014 es 2014 tions to polis, tgage tgage the er’s to to er MATURITY SCHEDULE (Base CUSIP* _________) Interest Interest Maturity Principal** Rate Yield CUSIP Maturity Principal** Rate Yield CUSIP January 15, 2016 $25,000 July 15, 2024 $160,000 July 15, 2016 125,000 January 15, 2025 165,000 January 15, 2017 125,000 July 15, 2025 165,000 July 15, 2017 120,000 January 15, 2026 170,000 January 15, 2018 130,000 July 15, 2026 175,000 July 15, 2018 130,000 January 15, 2027 180,000 January 15, 2019 130,000 July 15, 2027 180,000 July 15, 2019 135,000 January 15, 2028 185,000 January 15, 2020 135,000 July 15, 2028 190,000 July 15, 2020 140,000 January 15, 2029 195,000 January 15, 2021 140,000 July 15, 2029 200,000 July 15, 2021 140,000 January 15, 2030 205,000 January 15, 2022 145,000 July 15, 2030 210,000 July 15, 2022 150,000 January 15, 2031 215,000 January 15, 2023 150,000 July 15, 2031 220,000 July 15, 2023 155,000 January 15, 2032 225,000 January 15, 2024 155,000 July 15, 2032 230,000 *Copyright 2014, American Bankers Association. CUSIP data herein provided by Standard & Poor’s, CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. **Preliminary, subject to change. Following the receipt of bids and determination of the successful bidder, the Building Corporation reserves the right to resize the principal maturities
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