BELLEFONTE AREA SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Bellefonte Area School District, at a meeting held on July 15, 2025, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES OF 2025 IN AN AGGREGATE PRINCIPAL AMOUNT NOT-TO-EXCEED TWENTY TWO MILLION DOLLARS ($22,000,000.00); COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER OF THE LOCAL GOVERNMENT UNIT FOR THE PAYMENT OF, THE BONDS; PROVIDING FOR THE ESTABLISHMENT OF A SINKING FUND AND THE APPOINTMENT OF A SINKING FUND DEPOSITORY; FIXING THE FORM, MAXIMUM INTEREST RATES, MATURITY, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE OF THE BONDS; AUTHORIZING A FILING OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; RATIFYING AND DIRECTING CERTAIN ACTIONS OF OFFICERS; AND MAKING CERTAIN OTHER COVENANTS AND PROVISIONS IN RESPECT OF THE BONDS. The Resolution was not amended from its proposed form during final passage. The maximum interest rate on the Obligations, once issued, is 5.50%. The Bonds will be purchased by Raymond James & Associates, Inc. at a purchase price of not less than 95.00% nor more than 125% of the aggregate principal amount of the Obligations, inclusive of net original issue discount/premium, if any, together with accrued interest to the date of delivery. The full text of the Resolution as adopted may be examined by any citizen between the hours of 8:00 a.m. and 4:00 p.m. on regular school business days at the Bellefonte Area School District, 318 North Allegheny Street, Bellefonte, PA 16823. BELLEFONTE AREA SCHOOL DISTRICT Kenneth G. Bean, Jr. Director of Fiscal Affairs (814) 355-4814 IPL0255043 Jul 20 2025