NOTICE OF INTENT TO ISSUE BONDS AND RIGHT TO FILE PETITION AND HEARING ON PROPOSED ISSUANCE Notice is hereby given that pursuant to Ordinance No. 2026-04-06 A, adopted on April 6, 2026, the Village of Shiloh, St. Clair County, Illinois (the "Village"), intends to issue alternate bonds, being general obligation bonds, in one or more series (the "Bonds"), payable from the hereinafter identified revenue sources, in an aggregate principal amount not to exceed $8,000,000, and bearing interest per annum at not to exceed the maximum rate authorized by law at the time the Bonds are sold, has determined that it is necessary to issue bonds to (i) finance various capital improvements within the Village including, but not limited to, the construction of a new police station, and (ii) pay certain costs of issuance of the Bonds. The Bonds shall be payable from (a) all collections distributed to the Village from Retailer's Occupation Taxes, Service Occupation Taxes, Use Taxes and Service Use Taxes, and (b) ad valorem property taxes levied against all of the taxable property in the Village without limitation as to rate or amount. The ordinance authorizing the issuance of bonds is attached hereto and appears below this notice. Notice is hereby further given that if a petition signed by 773 or more registered voters of the Village is submitted to the Village Clerk of the Village (the "Village Clerk") within thirty (30) days after the date of publication of this Notice and the ordinance, asking that the question of the issuance of the Bonds (the "Proposition") be submitted to referendum, then the Proposition shall be submitted to the electors of the Village at the general election to be held on the 3rd day of November, 2026. If no petition is filed with the Village Clerk within said 30-day period, the Bonds shall be authorized to be issued. A form of petition is available from the Village Clerk at the principal office of the Village at #1 Park Drive, Shiloh, Illinois. Brenda Kern, Village Clerk, Village of Shiloh, St. Clair County, Illinois ORDINANCE NO. 2026-04-06 A AN ORDINANCE authorizing the issuance of General Obligation Bonds (Alternate Revenue Source), in one or more series, of the Village of Shiloh, St. Clair County, Illinois, in an aggregate principal amount not to exceed $8,000,000 for the purpose of financing the costs of various capital improvements within the Village including, but not limited to, the construction of a new police station and paying for costs related thereto. WHEREAS, the Village of Shiloh, St. Clair County, Illinois (the "Village"), is a municipal corporation and body politic of the State of Illinois (the "State"), duly created, organized and existing under the Illinois Municipal Code, 65 ILCS 5/1-1-1, et seq. (the "Municipal Code"), and having the powers, objects and purposes provided by said Municipal Code; and WHEREAS, the President and Board of Trustees of the Village (collectively, the "Corporate Authorities") has determined that it is necessary to issue bonds to (i) finance various capital improvements within the Village including, but not limited to, the construction of a new police station (the "Project"), and (ii) pay certain costs of issuance of the Bonds (as such term is hereinafter defined), all for the benefit of the inhabitants of the Village; and WHEREAS, the estimated cost of the Project, including legal, financial, bond discount, if any, printing and publication costs, capitalized interest, if any, and other expenses (collectively, the "Costs"), will not exceed $10,900,000, and there are insufficient funds on hand and lawfully available to pay such costs; and WHEREAS, up to $8,000,000 of alternate bonds need to be issued at this time pursuant to the Local Government Debt Reform Act of the State, as amended, 30 ILCS 350/1 to 350/18 (the "Act"); and WHEREAS, it is necessary for the best interests of the Village that the Project be completed, and in order to raise funds required for such purpose it will be necessary for the Village to borrow an aggregate principal amount not to exceed $8,000,000 and in evidence thereof to issue alternate bonds, being general obligation bonds payable from all collections distributed to the Village from Retailer's Occupation Taxes, Service Occupation Taxes, Use Taxes and Service Use Taxes (the "Pledged Revenues"); and WHEREAS, if the Pledged Revenues are insufficient to pay the alternate bonds, ad valorem property taxes levied against all of the taxable property in the Village without limitation as to rate or amount (the "Pledged Taxes") are authorized to be extended to pay the principal of and interest on the alternate bonds; and WHEREAS, pursuant to and in accordance with the provisions of Section 15 of the Act, the Village is authorized to issue alternate bonds, in one or more series, in an aggregate principal amount not to exceed $8,000,000 for the purpose of providing funds for the Project and to pay the Costs. NOW THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Shiloh, St. Clair County, Illinois, as follows: Section 1. Incorporation of Preambles. The Corporate Authorities hereby find that all of the recitals contained in the preambles to this Ordinance are full, true, and correct and do incorporate them into this Ordinance by this reference. Section 2. Determination to Issue Bonds. It is necessary and in the best interests of the Village to complete the Project, and pay the Costs, and, in order to do so, alternate bonds, in one or more series, of the Village are hereby authorized to be issued and sold in an aggregate principal amount not to exceed $8,000,000, and known as "General Obligation Bonds (Alternate Revenue Source)" (the "Bonds") of the Village, said Bonds being payable from (i) all collections distributed to the Village from Retailer's Occupation Taxes, Service Occupation Taxes, Use Taxes and Service Use Taxes (the "Pledged Revenues"), and (ii) ad valorem property taxes levied against all of the taxable property in the Village without limitation as to rate or amount (the "Pledged Taxes"). Section 3. Publication. This Ordinance, together with a notice in the statutory form, shall be published once in the Belleville News-Democrat, being a newspaper of general circulation in the Village, and if a petition, signed by 773 electors (said number being the greater of (i) seven and one-half percent (7-1/2%) of the registered voters in the Village or (ii) the lesser of 200 registered voters or 15% of registered voters), is filed with the Village Clerk within thirty (30) days after the date of the publication, asking that the question of the issuance of the Bonds (the "Proposition") be submitted to referendum, then the Proposition shall be submitted to the electors of the Village at the general election to be held on the 3rd day of November, 2026. If no petition is filed with the Village Clerk within said 30-day period, then this Ordinance shall be in full force and effect and the Bonds shall be authorized to be issued. The Circuit Court may declare that an emergency referendum should be held prior to said election date pursuant to the provisions of Section 2A-1.4 of the Election Code of the State, as amended. A petition form shall be provided by the Village Clerk at the principal office of the Village, located at #1 Park Drive, Shiloh, Illinois, to any individual requesting one. Section 4. Additional Ordinances. If no petition meeting the requirements of applicable law is filed during the petition period hereinabove referred to, then the Corporate Authorities may adopt additional ordinances or proceedings supplementing or amending this Ordinance providing for the issuance and sale of the Bonds and prescribing all the details of the Bonds, so long as the maximum amount of the Bonds as set forth in this Ordinance is not exceeded and there is no material change in the purposes described herein. Such additional ordinances or proceedings shall in all instances become effective in accordance with applicable law. This Ordinance, together with such additional ordinances or proceedings, shall constitute complete authority for the issuance of the Bonds under applicable law. Section 5. Additional Proceedings. If no petition meeting the requirement of applicable law is filed during the petition period hereinabove referred to, then the preparation and distribution of a preliminary official statement relating to the Bonds is hereby approved, and the Mayor is hereby authorized to deem the preliminary official statement nearly final. Section 6. Severability. If any section, paragraph, clause, or provision of this Ordinance shall be held invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the other provisions of this Ordinance. Section 7. Repealer. All ordinances, resolutions or orders, or parts thereof, in conflict with the provisions of this Ordinance are to the extent of such conflict hereby repealed. Section 8. Effective Date. This Ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law. PASSED this 6th day of April, 2026. APPROVED by me this 6th day of April, 2026. Robert L. Weilmuenster, Mayor, Village of Shiloh, St. Clair County, Illinois ATTEST: Brenda Kern, Village Clerk, Village of Shiloh, St. Clair County, Illinois The Village Board of the Village of Shiloh, St. Clair County, Illinois will hold a public hearing on May 4, 2026, at 7:00 p.m. The hearing will be held in the Village Hall located at #1 Park Drive, in Shiloh, Illinois. The purpose of the hearing will be to receive public comments on the proposal to sell alternate revenue source bonds in an amount not to exceed $8,000,000 for the purpose of (i) financing various capital improvements within the Village including, but not limited to, the construction of a new police station, and (ii) paying certain costs of issuance of said bonds. Brenda Kern, Village Clerk IPL0329487 Apr 12 2026