NOTICE OF PUBLIC HEARING The Town Council (the "Town Council") of the Town of Morrisville, North Carolina (the "Town") has determined to consider whether to enter into an installment financing arrangement under Section 160A-20 of the General Statutes of North Carolina for the purpose of providing funds, together with any other available funds, to (a) finance the acquisition of an existing building and certain renovations and improvements thereto to be used as a new Public Works building for the Town (the "Project") and (b) pay certain financing costs relating thereto. The Town proposes to enter into a new Trust Agreement (the "Trust Agreement") and to issue its limited obligation bonds (the "Bonds") thereunder to carry out the installment financing. The Town expects to issue limited obligation bonds at one time or from time to time in an aggregate principal amount not to exceed $22,000,000 for the purposes described above. The Town will reserve in the Trust Agreement the right to issue additional limited obligation bonds from time to time for the purpose of providing additional funds to finance the cost of acquiring and constructing additional improvements for the Town, refund other limited obligation bonds and refinance other installment financing obligations of the Town. If the Town enters into the Trust Agreement, it will secure its obligations thereunder and under the Bonds by executing and delivering a deed of trust granting a lien of record on all or a portion of the site of the Project, together with all improvements and fixtures located and to be located thereon. Section 160A-20 of the General Statutes of North Carolina requires that the Town hold a public hearing prior to entering into the Trust Agreement and issuing the Bonds. Please take notice that the Town Council of the Town will conduct a public hearing in the Council Chambers at the Town Hall located at 100 Town Hall Drive in Morrisville, North Carolina, at 6:00 p.m. on July 8, 2025, at which time any person may be heard regarding the proposed plan of finance. Any person wishing to comment in writing on the proposed plan of finance should do so prior to July 8, 2025 to the Town of Morrisville, North Carolina, 100 Town Hall Drive, Morrisville, North Carolina 27560, Attention: Kayla Bertling, Town Clerk. Kayla Bertling Town Clerk of the Town of Morrisville, North Carolina IPL0249154 Jun 27 2025