NOTICE OF PUBLIC HEARING ON PROPOSED CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 2026-4 (CITY OF MODESTO – THE CROSSINGS) AND FUTURE ANNEXATION AREA The Board of Directors ("Board") of the California Municipal Finance Authority ("CMFA") is considering the formation of a community facilities district (the "CFD"), the designation of Improvement Area No. 1 therein, and the designation of a future annexation area for the CFD (the "Future Annexation Area") under the authority of the Mello-Roos Community Facilities Act of 1982, as amended, to fund certain public facilities related to new development within the boundaries of the City of Modesto (the "City"), which is a member of the Authority, and to incur bonded indebtedness of the CFD in connection with CMFA's Bond Opportunities for Land Development ("BOLD") program. This Notice contains a brief summary of the proposal, but you are referred to the Board's Resolution of Intention (Resolution No. 26-100, adopted January 30, 2026) and its Resolution of Intention to Incur Bonded Indebtedness (Resolution No. 26-101, adopted January 30, 2026) for details of the proposal. The proposal is to subject the property within the CFD to a special tax which will be used to pay for authorized facilities within the CFD, including paying principal and interest on bonds used to build facilities. The proposed rate and method of apportionment of the special tax for Improvement Area No. 1 is as set forth in an exhibit to the Board's Resolution of Intention, and the rate and method of apportionment of the special tax for any future improvement area will be as set forth in the unanimous approval submitted by the owner or owners of each parcel or parcels within the Future Annexation Area at the time that parcel or those parcels are annexed to the CFD. The proceeds of the bonds will be used to pay for the facilities and other expenses set forth in the resolutions referred to in the preceding paragraph. A map showing the land initially proposed to be included in the CFD, Improvement Area No. 1, and the Future Annexation Area is on file with the Board. Property within the Future Annexation Area will be annexed to the CFD, and a special tax will be levied on such property, only with the unanimous approval of the owner or owners of each parcel or parcels at the time that parcel or those parcels are annexed to the CFD, without additional hearings or proceedings. As set forth below, the Board will hold a public hearing on the establishment of the CFD, the designation of Improvement Area No. 1 therein, the designation of the Future Annexation Area, the facilities to be financed by the CFD, and the levy of the special tax within the CFD. The proposal also includes authority to issue bonds and other debt (as defined in the Act) in a maximum principal amount of $19,600,000, initially allocated as follows: (i) for Improvement Area No. 1, $5,600,000, and (ii) for the portion of the CFD that is not currently in Improvement Area No. 1, $14,000,000, to be repaid by the special tax as described in the resolutions. Neither the Board nor any person outside the CFD has any liability for the special tax or the bonds. The security for the bonds is limited to the property subject to the special tax within each improvement area within the CFD and the bonds will finance public facilities to be located within the City. In accordance with Government Code Section 6586.5, the City has approved the financing of public capital improvements through the issuance of bonds by CMFA through the BOLD program, and made a finding of significant public benefit described in Government Code Section 6586, after holding a noticed public hearing on the matter. This notice incorporates by reference such earlier notice and actions. In order to confer the authority upon the Board to levy the special tax and to issue the bonds, a public hearing must be held on the proposal, then the Board will decide whether to form the CFD, and finally the qualified electors within Improvement Area No. 1 of the CFD must approve the proposal by a two-thirds vote. Where an improvement area of a CFD is uninhabited (as is the case here) the qualified electors are, pursuant to law, the owners of property within the improvement area. This is the notice of the public hearing. The public hearing will be held during the Board meeting on Friday, March 13, 2026, at the hour of 11:00 a.m. or as soon as possible thereafter, at City Hall, 200 S. Anaheim Blvd., 6th Floor, Anaheim, California 92805. At the hearing, the testimony of all interested persons or potential special taxpayers for or against the formation of the CFD and the Future Annexation Area, the authorization to levy the special tax within Improvement Area No. 1, and the authorization to issue the bonds will be heard. The land in the CFD is undeveloped and voting will be by the owners of land in the CFD. If written protests against the proposed CFD are delivered to the Board at or before the time set for the hearing by either registered voters residing within, or the owners of property within, the proposed CFD, they will be counted toward a possible majority protest. Such protests by a majority of the registered voters residing within the CFD or by the owners of a majority of the land area within the CFD which is or will be subject to the special tax, if not withdrawn prior to the close of the hearing so as to reduce the value of the protests to less than a majority, will require the proposed CFD to be eliminated from immediate consideration, and prevent its being included in a subsequent proceedings for at least one year. If written protests against the designation of the proposed Future Annexation Area are delivered to the Board at or before the time set for the hearing by either registered voters residing within, or the owners of property within, the proposed Future Annexation Area, they will be counted toward a possible majority protest. Such protests by a majority of the registered voters residing within the proposed Future Annexation Area or by the owners of a majority of the land area within the proposed Future Annexation Area which is or will be subject to the special tax when annexed to the CFD, if not withdrawn prior to the close of the hearing so as to reduce the value of the protests to less than a majority, the Board shall take no further action to create the Future Annexation Area for a period of one year from the date of decision of the Board. If the Board, after the public hearing, determines that a majority protest under Section 53324 of the California Government Code was not made, the Board may conduct a landowner election by mailed ballot to levy a special tax within Improvement Area No. 1. A request for disability-related modification or accommodation, including auxiliary aids or services, may be made by any person with a disability who requires a modification or accommodation in order to participate in the public hearing by contacting Kirsten Borgquist, Analyst/Administrator, (760) 502-0050, kborgquist@cmfa-ca.com, 2111 Palomar Airport Road, Suite 320, Carlsbad, CA 92011. 2/8/26 CNS-4009926# THE MODESTO BEE IPL0310790 Feb 8 2026