FORT WAYNE COMMUNITY SCHOOLS, ALLEN COUNTY, INDIANA INFORMATION PROVIDED TO THE DEPARTMENT OF LOCAL GOVERNMENT FINANCE IN ACCORDANCE J WITH INDIANA CODE 6-1.1-20-3.6(1) IN CONNECTION WITH THE 2020 FWCS SCHOOL BUILDING BASIC RENEWAL/RESTORATION AND SAFETY PROJECT Dated January 21, 2020 1. The name of the political subdivision and the county or counties in which it levies a property tax. The name of the political subdivision is the Fort Wayne Community Schools, Allen County, Indiana, and it levies property taxes in a portion of Allen County, Indiana. 2. The cost per square foot of any buildings being constructed as part of the controlled project. No buildings are being constructed as a part of 2020 FWCS School Building Basic Renewal/Restoration and Safety Project. Instead, this entire project involves the renovation and restoration of the basic elements of each of 37 existing buildings included in the project, including, but not limited to, the restoration of the heating and air conditioning systems, the exterior masonry, the electrical, plumbing, window and exterior door systems, roofs, flooring and cabinetry. All of this restoration work is being done at average square footage cost of $33.07 per square foot. 3. The effect that approval of the controlled project would have on the political subdivision's property tax rate. The property tax rate effect of the controlled project would be $0.1486 per $100 of assessed valuation which is based on the current certified net assessed valuation of $8,652,375,911. For this information, please see Exhibit A attached hereto. 4. The maximum term of the bonds or lease. The maximum term of any series of bonds will not exceed twenty years, and the maximum term of any corresponding lease or leases or amendment or amendments to one or more leases will not exceed twenty-two years. 5. The maximum principal amount of the bonds or the maximum lease rental for the lease. The maximum principal amount of the bonds will not exceed $130,000,000, the maximum annual principal and interest to be paid on any of the bonds being issued plus the annual lease rental paid by the School Corporation is $13,925,000 (which is net of any funds received by the School Corporation or any local building corporation from the United States of America as a result of the bonds being issued under one or more federal tax credit programs), and the maximum total principal and interest to be paid on the bonds being issued plus the maximum total lease rental paid by the School Corporation over the entire term of the lease or leases or amendment or amendments to one or more leases is $235,700,000 (which is net of any funds received by the School Corporation or any local building corporation from the United States of America as a result of the bonds being issued under one or more federal tax credit programs) and does not include any anticipated capitalized interest paid on the bonds. 6. The estimated interest rates that will be paid and the total interest costs associated with the bonds or lease. The estimated interest rates that will be paid in connection with the bonds are between 1.00% and 5.00% per annum, and based on these estimated interest rates, the total interest cost is $105,700,000, not including any anticipated capitalized interest paid on the bonds. 7. The purpose of the bonds or lease. The purpose of the bonds and lease are to finance the costs of the 2020 FWCS School Building Basic Renewal/Restoration and Safety Project as described in more detail in the resolution adopted by the Board of School Trustees of the School Corporation on December 9, 2019. A signed copy of this resolution is attached hereto as Exhibit B. For even more detail, go to www.fortwayneschools.org. 8. The current and proposed square footage of school building space per student. For this information, please see Exhibit C attached hereto. 9. The enrollment patterns within the School Corporation. For this information, please see Exhibit D attached hereto. 10. The age and condition of the current school facilities. For this information, please see Exhibit E attached hereto. 2 EXHIBIT A Est. Bond Debt Service Fort Wayne Community Schools 2020 Proposed Referendum (anticipates multiple issuances, each no more the 20 years) Period Annual Debt Max. Annual Lease 2020 Exempt Debt Other Revenue Ending Principal Coupon Interest Debt Service Service Payment Assessed Va lue (7.69%) Tax Rate 7/15/2022 4,333,333.33 4,333,333.33 1/15/2023 3,250,000.00 3,250,000.00 7,583,333.33 7,585,000.00 8,652,375,911 583,286.50 0.0809 7/15/2023 560,000 5.000% 3,250,000.00 3,810,000.00 1/15/2024 575,000 5.000% 3,236,000.00 3,811,000.00 7,621,000.00 7,625,000.00 8,652,375,911 586,362 .50 0.0813 7/15/2024 1,065,000 5.000% 3,221,625.00 4,286,625.00 1/15/2025 1,090,000 5.000% 3,195,000.00 4,285,000.00 8,571,625.00 8,575,000.00 8,652,375,911 659,417.50 0.0915 7/15/2025 590,000 5.000% 3,167,750.00 3,757,750.00 1/15/2026 605,000 5.000% 3,153,000.00 3,758,000.00 7,515,750.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2026 620,000 5.000% 3,137,875.00 3,757,875.00 1/15/2027 635,000 5.000% 3,122,375.00 3,757,375.00 7,515,250.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2027 655,000 5.000% 3,106,500.00 3,761,500.00 1/15/2028 670,000 5.000% 3,090,125.00 3,760,125.00 7,521,625.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2028 685,000 5.000% 3,073,375.00 3,758,375.00 1/15/2029 705,000 5.000% 3,056,250.00 3,761,250.00 7,519,625.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2029 720,000 5.000% 3,038,625.00 3,758,625.00 1/15/2030 740,000 5.000% 3,020,625.00 3,760,625.00 7,519,250.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2030 760,000 5.000% 3,002,125.00 3,762,125.00 1/15/2031 775,000 5.000% 2,983,125.00 3,758,125.00 7,520,250.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2031 795,000 5.000% 2,963,750.00 3,758,750.00 1/15/2032 815,000 5.000% 2,943,875.00 3,758,875.00 7,517,625.00 7,525,000.00 8,652,375,911 578,672.50 0.0803 7/15/2032 985,000 5.000% 2,923,500.00 3,908,500.00 1/ 15/2033 1,010,000 5.000% 2,898,875.00 3,908,875.00 7,817,375.00 7,825,000.00 8,652,375,911 601,742.50 0.0835 7/ 15/2033 3,185,000 5.000% 2,873,625.00 6,058,625.00 1/ 15/2034 3,265,000 5.000% 2,794,000.00 6,059,000.00 12,117,625.00 12,125,000.00 8,652,375,911 932,412.50 0.1294 7/15/2034 4,245,000 5.000% 2,712,375.00 6,957,375.00 1/15/ 2035 4,355,000 5.000% 2,606,250.00 6,961,250.00 13,918,625.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2035 4,460,000 5.000% 2,497,375.00 6,957,375.00 1/15/2036 4,575,000 5.000% 2,385,875.00 6,960,875.00 13,918,250.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2036 4,690,000 5.000% 2,271,500.00 6,961,500.00 1/15/2037 4,805,000 5.000% 2,154,250.00 6,959,250.00 13,920,750.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2037 4,925,000 5.000% 2,034,125.00 6,959,125.00 1/15/2038 5,050,000 5.000% 1,911,000.00 6,961,000.00 13,920,125.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2038 5,175,000 5.000% 1,784,750.00 6,959,750.00 1/15/2039 5,305,000 5.000% 1,655,375.00 6,960,375.00 13,920,125.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2039 5,435,000 5.000% 1,522,750.00 6,957,750.00 1/15/2040 5,575,000 5.000% 1,386,875.00 6,961,875.00 13,919,625.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2040 5,710,000 5.000% 1,247,500.00 6,957,500.00 1/15/2041 5,855,000 5.000% 1,104,750.00 6,959,750.00 13,917,250.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2041 6,000,000 5.000% 958,375.00 6,958,375.00 1/15/2042 6,150,000 5.000% 808,375.00 6,958,375.00 13,916,750.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2042 6,305,000 5.000% 654,625.00 6,959,625.00 1/15/2043 6,465,000 5.000% 497,000.00 6,962,000.00 13,921,625.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 7/15/2043 6,625,000 5.000% 335,375.00 6,960,375.00 1/15/2044 6,790,000 5.000% 169,750.00 6,959,750.00 13,920,125.00 13,925,000.00 8,652,375,911 1,070,832.50 0.1486 130,000,000 105,533,583.33 235,533,583.33 235,533,583.33 235,660,000.00 EXIIlBIT B RESOLUTIONS OF THE BOARD OF SCHOOL TRUSTEES OF THE FORT WAYNE COMMUNITY SCHOOLS, ALLEN COUNTY, INDIANA WHEREAS, the Board of School Trustees (the "Board") of the Fort Wayne Community Schools, Allen County, Indiana (the "School Corporation"), has given consideration to certain renovation, restoration, upgrade, improvement and equipping projects at several of the existing school facilities operated by the School Corporation as set forth in detail on Exhibit A attached hereto (collectively, the "2020 FWCS School Building Basic Renewal/Restoration and Safety Project"); and WHEREAS, pursuant to Indiana Code§ 6-1.1-20-3.5, as amended, if the Board proposes to impose property taxes to pay debt service on bonds or lease rentals on any, renovation, improvement, remodeling or alteration project, which is not excluded under Indiana Code § 6- l.