Ratemaking Overview

Settlement & True-Up

Not available

Landing Fee Methodology

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

NOT APPLICABLE — These are general obligation bonds. The Resolution does not restrict the Issuer's ability to issue additional general obligation debt, subject to constitutional and statutory debt limits.

Rate Covenant

NOT APPLICABLE — These are general obligation bonds secured by unlimited ad valorem property taxes of Polk County. There is NO rate covenant in the bond document. The Airport Loan Payments from the Des Moines Airport Authority are NOT pledged to the Notes and do NOT secure the Notes. Noteholders have NO claim against Authority revenues.

Flow of Funds

NOT APPLICABLE — These are general obligation bonds secured by unlimited ad valorem property taxes. There is no flow of funds from Authority revenues. The County intends to abate the debt service levy using Airport Loan Payments received from the Authority under the Airport Loan Agreement, but these payments are NOT pledged to the Notes.