DURHAM COUNTY NOTICE OF PUBLIC HEARING Bond Order Authorizing the Issuance of Not to Exceed $240,000,000 General Obligation Refunding Bonds of the County of Durham, North Carolina WHEREAS, the County of Durham, North Carolina (the "County") has previously issued its General Obligation Public Improvement Bonds, Series 2014, General Obligation Refunding Bonds, Series 2016, and General Obligation Bond, Series 2023A (collectively, the "Refunded Bonds"); WHEREAS, the Board of Commissioners of the County (the "Board") deems it advisable to refund all or a portion of the Refunded Bonds; WHEREAS, an application has been filed with the Secretary of the Local Government Commission of North Carolina (the "Commission") requesting approval of the bonds hereinafter described as required by the Local Government Bond Act, as amended, and the Secretary of the Commission has notified the Board that the application has been accepted for submission to the Commission. NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of the County of Durham, North Carolina, as follows: Section 1. The Board deems it advisable to refund all or a portion of the Refunded Bonds. Section 2. To raise the money required to pay the costs of refunding the Refunded Bonds, General Obligation Refunding Bonds of the County are hereby authorized and shall be issued pursuant to the Local Government Bond Act of North Carolina. The maximum aggregate principal amount of such General Obligation Refunding Bonds authorized by this bond order shall be and not exceed $240,000,000. Section 3. Taxes will be levied in an amount sufficient to pay the principal and interest of the General Obligation Refunding Bonds. Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. Section 5. This bond order is effective on its adoption. The foregoing order has been introduced and a sworn statement of debt has been filed under the Local Government Bond Act showing the appraised value of the County of Durham, North Carolina to be $53,329,468,270 and the net debt thereof, including the proposed bonds to be $763,521,186. The Chief Financial Officer of the County has filed a statement estimating that the total amount of interest that will be paid on the bonds over the expected term of the bonds, if issued, is $97,022,250. A tax is authorized to be levied to pay the principal of and interest on the bonds if they are issued. The Chief Financial Officer of the County has filed a statement estimating that no property tax increase will be required to provide sufficient funds to pay the principal and interest on the proposed bonds. These estimates are preliminary, are for general informational purposes only, and may differ from the actual interest paid on the bonds or the actual property tax increases required to provide sufficient funds to pay the principal and interest on the bonds. Anyone who wishes to be heard on the questions of the validity of the bond order and the advisability of issuing the bonds may appear at a public hearing or an adjournment thereof to be held during the regular meeting of the Board of Commissioners of the County of Durham, North Carolina on April 27, 2026 at 7:00 p.m. in the Commissioners' Chambers on the 2nd Floor of the Durham County Government Administrative Complex at 200 East Main Street in Durham, North Carolina. Any person desiring to be heard should complete a public comment form and submit it to the Clerk to the Board at or prior to the meeting and appear at the time and place specified above or, if participating in the public hearing electronically, submit their full name and address via email or telephone to the Clerk to the Board at clerk@dconc.gov or 919-560-0025 no later than 12 p.m. on Sunday, April 26, 2026 to the Clerk to the Board. /s/ Monica W. Wallace Monica W. Wallace Clerk to the Board of Commissioners