CITY OF KENNEDALE, TEXAS NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION The City Council of the City of Kennedale, Texas (the "City") does hereby give notice of intention to issue one or more series of City of Kennedale, Texas Combination Tax and Revenue Certificates of Obligation (the "Certificates") in the maximum aggregate principal amount not to exceed $5,000,000 for the purpose of paying, in whole or in part, contractual obligations to (i) acquire vehicles and equipment for various city departments, including the fire department; (ii) acquire, construct, improve, repair, expand, and equip improvements to the city's waterworks and sewer system; (iii) acquire, construct, improve, repair, and equip, streets, sidewalks, trails, bridges, parking structures, and drainage improvements, together with rights-of-way acquisition, traffic and street signalization, landscaping, utility relocation, lighting improvements, and other improvements incidental thereto (iv) acquire, construct, improve, repair, expand, and equip municipal parks and recreational facilities generally accessible to the public, (v) purchase of materials, supplies, equipment, machinery, buildings, land, and rights-of-way for authorized needs and purposes, including in relation to the aforementioned capital improvements; and (vi) payment of professional services in connection therewith including legal, engineering, architectural and fiscal fees and the costs of issuance (collectively, the "Projects"), and paying all or a portion of the legal, fiscal, and engineering fees in connection with the Projects and costs of issuance related to such Certificates. The City proposes to provide for the payment of such Certificates from the levy and collection of ad valorem taxes in the City as provided by law and from a lien on and pledge of "Surplus Revenues," if any, received by the City from the ownership and operation of the City's municipal waterworks and sewer system. The current principal of all currently outstanding debt obligations of the City is $35,860,000, the combined principal and interest required to pay all currently outstanding debt obligations of the City on time and in full is $49,550,849.68, the estimated combined principal and interest required to pay the proposed Certificates on time and in full is $7,326,000, the maximum interest rate for the proposed Certificates will not exceed the maximum legal interest rate, and the maximum maturity date of the proposed Certificates is February 1, 2050. The City Council proposes to authorize the issuance of such Certificates at 5:30 p.m. on Tuesday, August 18, 2026, at a Regular Meeting at the City Hall, City of Kennedale, Texas. /s/ Brian Johnson Mayor, City of Kennedale, Texas IPL0350698 Jun 24,Jul 1 2026