NOTICE OF ADOPTION AND SUMMARY OF RESOLUTION The Board of Education of Fayette County, Kentucky on May 27, 2026, adopted a Resolution entitled: A RESOLUTION OF THE BOARD OF EDUCATION OF FAYETTE COUNTY, KENTUCKY PROVIDING FOR THE ISSUANCE OF ITS GENERAL OBLIGATION TAX AND REVENUE ANTICIPATION NOTES, SERIES 2026; SETTING FORTH THE TERMS AND CONDITIONS UPON WHICH THE NOTES ARE TO BE ISSUED AND OUTSTANDING; APPROVING A FORM OF NOTE; AUTHORIZING DESIGNATED OFFICERS TO EXECUTE AND DELIVER THE NOTES; PROVIDING FOR THE PAYMENT AND SECURITY OF THE NOTES; CREATING A SINKING FUND; MAKING CERTAIN FEDERAL INCOME TAX COVENANTS IN RESPECT OF THE NOTES; AND PROVIDING FOR THE SALE AND PURCHASE OF THE NOTES. Said Resolution: A. Authorizes the issuance of the Board of Education of Fayette County, Kentucky General Obligation Tax and Revenue Anticipation Notes Series 2026 (the "Notes") in an aggregate principal amount not to exceed $110,000,000 (subject to an adjustment downward by any amount) for the purpose of financing the cost of meeting current general fund expenses, special revenue fund expenses and/or capital and building fund expenses before the District receives its tax receipts. B. Authorizes the Notes to be sold by a negotiated underwriting or private sale through an Underwriter and sets the terms and conditions for the sale of the Notes. C. Authorizes the Superintendent or the Finance Director of the Fayette County School District (the "District"), as advised by the District's Financial Advisor, to negotiate the terms and provisions of the Note Purchase Agreement as they deem desirable with the Underwriter, provided that the true interest cost of the Notes shall not exceed 5.00%. D. Orders and provides for the levy of an annual tax, to the extent necessary, in an amount sufficient to pay the principal of and interest on the Notes. E. Appoints Regions Bank, Nashville, Tennessee, as bond registrar, paying agent and transfer agent for the Notes. Any action challenging the validity or enforceability of the Resolution or the Notes shall be brought within thirty (30) days from the date on which this Notice of the Adoption of the Resolution is published in accordance with KRS Chapter 424. If the action challenging the validity or enforceability of the Resolution or the Notes is not brought within the 30-day period, the action shall be forever barred. IPL0354946 Jul 3 2026