ORDER AUTHORIZING $12,250,000 REFUNDING BONDS BE IT ORDERED by the Board of Commissioners for the County of Johnston, North Carolina: That, pursuant to The Local Government Bond Act, as amended, the County of Johnston, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof, to issue Refunding Bonds in an aggregate principal amount not exceeding $12,250,000, for the purpose of providing funds, for (i) refunding all or a portion of the following outstanding general obligation bonds of said County: $11,800,000 School Bonds, Series 2015, dated April 21, 2015 and stated to mature on February 1, 2027 to February 1, 2035, inclusive; and (ii) paying expenses related thereto. That taxes shall be levied in an amount sufficient to pay the principal of and the interest on said Refunding Bonds. That a sworn statement of debt shall be filed with the Clerk to the Board of Commissioners pursuant to N.C.G.S. § 159-55 and be open to public inspection. That this order shall take effect upon its adoption. The foregoing order was adopted on the 20th day of April, 2026, and is hereby published this 23rd day of April, 2026. Any action or proceeding questioning the validity of the order must be begun within 30 days after the date of publication of this notice. The finance officer of the County has filed a statement estimating the total amount of interest that will be paid on the bonds over the expected term of the bonds, if issued, is $2,583,846.27. A tax is authorized to be levied to pay the principal of and interest on the bonds if they are issued. The finance officer 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. The assumptions upon which the foregoing estimates are based are set forth in a statement of the finance officer that has been filed with the Clerk to the Board of Commissioners and is open to public inspection. There is no assurance that the circumstances included in such assumptions will occur; and the occurrence of certain of such assumptions is beyond the control of the County. Differences between the actual circumstances at the time the bonds are issued from the assumptions included in the foregoing estimates could result in significant differences between the estimated interest and the actual interest on the bonds or the actual property tax increases required to provide sufficient funds to pay the principal and interest on the bonds. Dana G. Cuddington Clerk to the Board of Commissioners Johnston County, North Carolina IPL0333466 Apr 23 2026