NOTICE OF PUBLIC HEARING REGARDING FINANCING OF HEALTH CARE FACILITIES WITH THE PROCEEDS OF TAX-EXEMPT BONDS TO BE ISSUED BY THE NORTH CAROLINA MEDICAL CARE COMMISSION NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Medical Care Commission (the "Commission") will hold a public hearing in Conference Room L2-02210 at 1915 Health Services Way, Raleigh, North Carolina on October 13, 2025 at 1:00 p.m., at which time any person may be heard regarding the health care facilities proposed to be financed by the Commission with proceeds from the issuance of one or more series of tax-exempt bonds (the "Bonds"). The Commission has been requested to issue the Bonds and to lend the proceeds from the sale thereof to The United Methodist Retirement Homes, Incorporated, a nonprofit corporation and organization described in Section 501(c)(3) of the Code (the "Borrower"). The maximum stated principal amount of Bonds to be issued is $112,095,500. The Bonds will be qualified 501(c)(3) bonds as defined in Code Section 145. The Borrower will use the proceeds of the Bonds to 1) finance the expansion and renovation of the Borrower's continuing care retirement facility located at 2600 Croasdaile Farm Parkway in Durham, North Carolina known as Croasdaile Village, including, but not limited to, (a) demolishing certain cottages and constructing and equipping approximately 58 new independent living units and (b) constructing, equipping and renovating various common area improvements, including, but not limited to, a fitness room expansion and a new staff lounge (collectively, the "Croasdaile Village Project"); 2) finance improvements to and renovation of the Borrower's continuing care retirement facility located at 1000 Wesley Pines Road in Lumberton, North Carolina known as Wesley Pines, including, but not limited to, (a) constructing and equipping four private skilled nursing rooms and converting four semi-private skilled nursing rooms to private skilled nursing rooms, (b) constructing and equipping a new therapy suite and renovating the former therapy suite into a new skilled nursing activity zone and (c) renovating and expanding the independent living and assisted living dining and activity facilities (collectively, the "Wesley Pines Project," and together with the Croasdaile Village Project, the "Project"); 3) fund a portion of interest accruing on the Bonds; 4) fund a debt service reserve fund, if necessary; and 5) finance certain costs to be incurred in connection with the issuance of the Bonds by the Commission. The Project will be owned and operated by the Borrower. Any person wishing to comment in writing on the Project or the issuance of the Bonds should forward comments, for receipt prior to the date and time of the public hearing specified above, to Mr. Geary W. Knapp, Assistant Secretary, North Carolina Division of Health Service Regulation, North Carolina Medical Care Commission, 1915 Health Services Way, Raleigh, North Carolina 27607. NORTH CAROLINA MEDICAL CARE COMMISSION By: Geary W. Knapp Assistant Secretary IPL0277673 Oct 1 2025