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        <NamePerson>C Dean Graves</NamePerson>
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          <BusinessNameLine1>Industrial Development Authority of the City of Alexandria</BusinessNameLine1>
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        <CUSIPNumber>015312DE8</CUSIPNumber>
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        <IssuePrice>14875000</IssuePrice>
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        <DescriptionOfPurpose>Building Construction</DescriptionOfPurpose>
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        <Identifier>SchK_P04_S00_L02c</Identifier>
        <ReturnReference>Schedule K, Part IV, Line 2c</ReturnReference>
        <Explanation>Rebate Computation date for Bond A - 10/28/13 Rebate Computation date for Bond B - 10/22/13</Explanation>
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      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L11b</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 11b</ReturnReference>
        <Explanation>Form 990, Part VI, Section B, Line 11b. The 990 is reviewed by the Treasurer the Vice President, Finance and Administration then a draft copy is sent to the Board of Trustees prior to submission</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L12c</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 12c</ReturnReference>
        <Explanation>Form 990, Part VI, Section B, Line 12c. IDA has a corporate wide conflict of interest policy. All officers, Directors and trustees are required to provide annual conflict of interest disclosure information that is reviewed for potential conflict of interest. All staff are prescreened for potential conflicts before being assigned to individual research efforts. Annual training is required of all employees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L15</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 15</ReturnReference>
        <Explanation>Form 990, Part VI, Section B, Line 15. The process for determining compensation for the CEO and other top management officials included an evaluation using third party compiled survey data covering comparble positions. This process was conducted by internal compensation staff members for the positions of President, Vice Presidents, Center Director and Division Director. Yes, an independent third party who specializes in compensation analysis was retained to conduct a review using comparable data of similar organizations. It conducted a confidental survey of Board Director total direct compensation for 16 comparable organizations. The analysis compared compensation on a relative basis with statistics reported for the 25th, 50th and 75th percentiles and the overall average. The compensation data were not aged. The firm analyzed the information and prepared a summary report of the results which was reviewed by Management and the Governing body.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0C_L19</Identifier>
        <ReturnReference>Form 990, Part VI, Section C, Line 19</ReturnReference>
        <Explanation>Form 990, Part VI, Section C. Line 19. Governing documents, conflict of interest policies and financial statements are available upon request.</Explanation>
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      <Explanation>Our application for extension to file was approved on June 16,2014; the due date is August 15, 2014. The notice number is CP211A</Explanation>
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</Return>