(Published in The Gardner News on December 11, 2019)

SUMMARY OF ORDINANCE NO. 19-78

On December 3, 2019, the City Council of the City of Olathe, Kansas passed an ordinance entitled:

AN ORDINANCE AUTHORIZING THE CITY OF OLATHE, KANSAS, TO ISSUE

TAXABLE INDUSTRIAL REVENUE BONDS (HUNT INVESTMENTS, LLC

PROJECT), SERIES 2019, IN A PRINCIPAL AMOUNT NOT TO EXCEED

$2,000,000, FOR THE PURPOSE OF PROVIDING FUNDS TO PAY THE COST OF

ACQUIRING, PURCHASING, CONSTRUCTING, INSTALLING AND

EQUIPPING AN INDUSTRIAL PROJECT, INCLUDING LAND, BUILDINGS,

STRUCTURES, IMPROVEMENTS, FIXTURES, MACHINERY AND

EQUIPMENT; AUTHORIZING THE ISSUER TO ENTER INTO CERTAIN

DOCUMENTS AND ACTIONS IN CONNECTION WITH THE ISSUANCE OF

SAID BONDS.

The Bonds approved by the Ordinance are being issued in the maximum principal amount of

$2,000,000, for the purpose of acquiring, constructing, furnishing and equipping an industrial project for Hunt Investments, LLC, a Kansas limited liability company (the “Company”), and constitute limited obligations of the City payable solely from the sources and in the manner as provided in the Indenture, and shall be secured by a transfer, pledge and assignment of and a grant of a security interest in the Trust Estate (as defined in the Indenture) to the Trustee and in favor of the owners of the Series 2019 Bonds, as provided in the Indenture. In connection with the issuance of the Bonds, the Issuer approves a 10-year exemption from ad valorem property taxes for the Project, subject to certain payments in lieu of taxes. A complete text of the

Ordinance may be obtained or viewed free of charge at the office of the City Clerk, 100 E. Santa Fe Street. A reproduction of the Ordinance is available for not less than 7 days following the publication date of this Summary at http://www.olatheks.org/government/city-clerk/public-notices. This Summary is hereby certified to be legally accurate and sufficient pursuant to the laws of the State of Kansas.

DATED: December 3, 2019.

Ronald R. Shaver, City Attorney