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• AGAINST the adoption of a one percent (1.000%) Sales and Use Tax within the City of Batesville, Arkansas, the net collections of such tax to be used only for the purposes described above, and such tax to expire upon retirement in full of the Community Center Bonds and Parks Bonds described in Questions Three and Fourbelow..................................................................................❑ Question Two (0.250% Permanent Sales and Use Tax): There is submitted to the qualified electors of the City of Batesville, Arkansas, the question of the levy of a one-quarter of one percent (0.250%) citywide sales and use tax under Title 26, Chapter 75, Subchapter 2 of the Arkansas Code of 1987 Annotated (the "0.250% Sales and Use Tax"), the net collections of which will be utilized for the payment of debt service on the Community Center Bonds (defined in Question Three below) and the Parks Bonds (defined in Question Four below), to the extent needed after application of the net collections of the 1.000% Sales and Use Tax (defined in Question One above), and shall thereafter be distributed only to the City and shall be utilized solely for the payment of expenses associated with the operation, maintenance and improvement of existing City parks and the proposed City community center and parks facilities and improvements related thereto or in support thereof to be financed with proceeds of the Community Center Bonds and Parks Bonds. The levy and collection of the • 0.250% Sales and Use Tax shall commence on and as of such date as provided by Arkansas law. Vote on the question by placing an "X" in one of the squares following the question, either for or against: FOR the adoption of a one-quarter of one percent (0.250%) Sales and Use Tax within the City of Batesville, Arkansas, the net collections of such tax to be distributed to the City and used for the purposes described above ..................❑ AGAINST the adoption of a one-quarter of one percent (0.250%) Sales and Use Tax within the City of Batesville, Arkansas, the net collections of such tax to be distributed to the City and used for the purposes described above...................❑ Question Three (Community Center Bonds): There is submitted to the qualified electors of the City of Batesville, Arkansas, the question of the issuance of capital improvement bonds in principal amount not to exceed $26,050,000 and bearing interest at rates not to exceed 7.90% (the "Community Center Bonds") pursuant to Title 14, Chapter 164, Subchapter 3 of the Arkansas Code of 1987 Annotated (the "Local Government Bond Act") for the purpose of financing all or a portion of the costs of the acquisition, construction, equipping and furnishing of City community center facilities and • improvements, which may include meeting/convention space, basketball courts, indoor competition swimming facilities, therapy pool, indoor walking track, senior citizens area, theatre/auditorium style lecture center, other similar 4821-8069-1718.2 6