SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO. 1 (CITY OF EAGLE, IDAHO) NOTICE OF PUBLIC HEARING BUDGET FOR FISCAL YEAR 2027 Notice is hereby given that the Board of the Spring Valley Community Infrastructure District No. 1, City of Eagle, Idaho, will hold a Public Hearing for consideration of the proposed budget including general revenue sharing for the fiscal period October 1, 2026, to September 30, 2027, pursuant to the provisions of Section 50-1002, Idaho Code. Said hearing to be held at Eagle City Hall, 660 E. Civic Lane, Eagle, Idaho, at 6:00 p.m. on June 24, 2026. At said hearing, all interested persons may appear and show cause, if any they have why said proposed budget should not be adopted. PROPOSED EXPENDITURES The following is an estimate set forth in said proposed budget of the total proposed expenditures and accruing indebtedness of the Spring Valley Community Infrastructure District No. 1 City of Eagle, Idaho, for the fiscal period October 1, 2026, to September 30, 2027. FUND/OBJECT FY 2025 FY 2026 FY 2027 GENERAL ADMINISTRATION BUDGET ACTUAL BUDGET BUDGET DISTRICT OPERATIONS & MAINTENANCE City of Eagle Expenses $ 862 $ 3,000 $ 3 ,000 District Attorney $ 1 1,303 $ 20,000 $ 20,000 District Manager $ 8 2,375 $ 85,000 $ 120,000 District Engineer $ 4 2,662 $ 40,000 $ 80,000 District Auditor $ 7,550 $ 8,400 $ 9 ,000 Trustees Fees $ 6,500 $ 12,000 $ 20,750 District Bookkeeper $ 111 $ 5,500 $ - Required Bank Account Reserve $ 3 0,000 $ 30,000 $ 30,000 Miscellaneous $ 1 3,876 $ 40,338 $ 40,838 TOTAL DISTRICT OPERATIONS & MAINTENANCE: $ 195,240 $ 244,238 $ 323,588 GENERAL OBLIGATION BOND BUDGET Principal & Interest Debt Service Payment $ - $ 16,880 $ 1,035,660 Cost of Issuance $ - $ 250,000 $ 500,000 Construction/Acquisition(1) $ - $ 4 ,750,000 $ 9,500,000 TOTAL GENERAL OBLIGATION BOND: $ - $ 5,016,880 $ 11,035,660 SPECIAL ASSESSMENT BOND BUDGET Principal & Interest Debt Service Payment $ 25,074,097 $ 13,316,221 $ 2 4,542,625 Cost of Issuance $ - $ 12,500,000 $ 1 2,500,000 Construction/Acquisition $ 23,297,921 $ 37,500,000 $ 3 7,500,000 Investment Income $ - $ 3 ,000,000 $ 3,000,000 Prepaid Assessments(2) $ - $ 50,000,000 $ 2 5,000,000 TOTAL SPECIAL ASSESSMENT BOND: $ 4 8,372,018 $ 116,316,221 $ 102,542,625 TOTAL EXPENDITURES $ 4 8,567,258 $ 121,577,339 $ 113,901,873 CID PROPOSED REVENUES Estimated revenue for the Spring Valley Community Infrastructure District No. 1. City of Eagle, Idaho, for the fiscal period October 1, 2026, to September 30, 2027. FUND/OBJECT FY 2025 FY 2026 FY 2027 GENERAL ADMINISTRATION BUDGET ACTUAL BUDGET BUDGET TAX REVENUE & OWNER CONTRIBUTION: Carry Forward $ 3 0,000 $ 30,000 $ 30,000 Investment Income $ 2,556,991 $ 3 ,000,000 $ 3,000,000 Ad Valorem Property Tax(1) $ 1,577 $ 16,880 $ 1,035,660 Owner Deposit of Funds(1) $ 205,997 $ 214,238 $ 293,588 CID REVENUE $ 2,794,565 $ 3,261,118 $ 4 ,359,248 GENERAL OBLIGATION BOND BUDGET Bond Amount $ - $ 5 ,000,000 $ 1 0,000,000 TOTAL GENERAL OBLIGATION BOND $ - $ 5,000,000 $ 10,000,000 SPECIAL ASSESSMENT BOND Bond Amount $ 63,700,000 $ 50,000,000 $ 5 0,000,000 Special Assessment Bond Revenue $ - 13316221 $ 2 4,542,625 Prepaid Assessments(2) $ 21,599,341 $ 50,000,000 $ 2 5,000,000 SPECIAL ASSESSMENT BOND $ 8 5,299,341 $ 113,316,221 $ 99,542,625 TOTAL REVENUES $ 8 8,093,906 $ 121,577,339 $ 113,901,873 Footnotes: (1) Following the issuance of the Series 2021 General Obligation Bonds, the Owner sold an 84-acre parcel to the City as a park and 603-acres to the City as a shooting range. As a result, the assessed value requiring the Owner to deposit funds to make the debt service payment to prevent the mill levy from exceeding 5 mills. (2) The Trust Indentures between the District and Zions Bancorporation, NA dated October 13, 2021, and March 7, 2024, anticipate that the Developer will make certain special assessment prepayments upon the sale of lots to third parties. I, Andrea Ashdown, District Treasurer of the Spring Valley Community Infrastructure District No. 1 City of Eagle, Idaho, do hereby certify that the above is a true and correct statement of the proposed expenditures and revenues for fiscal year 2026, all of which have been tentatively approved and entered at length in the Journal of Proceeds. A copy of the proposed CID Budget in detail is available at Eagle City Hall for inspection during regular office hours, 8:00 a.m. to 5:00 p.m. Monday thru Friday. Dated this 24th day of June 2026.