NOTICE OF DETERMINATION TO ISSUE BONDS OF THE DAMON RUN CONSERVANCY DISTRICT

Taxpayers of the Damon Run Conservancy District ("District") are notified that the Board of Directors did, on September 29, 2010, adopt a resolution authorizing the issuance of bonds of the District in an amount not to exceed $2,000,000 for the purpose of providing funds for the cost of undertaking the expansion of the District, including pipe relocation and the purchase of capacity from the City of Portage, Indiana, together with necessary appurtenances, related improvements and equipment ("Project") and to pay the costs of issuance of such bonds.

The bonds are to bear interest at a rate or rates not to exceed 8% per annum (the exact rate or rates to be determined by bidding) and are to mature semiannually on January 1 and July 1 of

each year over a period not to exceed twenty years, and are to be payable from property taxes levied and collected on all taxable real property in the District and, once the Project is revenue producing, to the extent available from net revenues of the Project.

Dated this 8th day of October, 2010.

DAMON RUN CONSERVANCY

DISTRICT

(October 8, 2010)