BOND ORDER AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $240,000,00 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 was adopted at a meeting of the Board of the County of Durham held on April 27, 2026 and is hereby published on May 1, 2026. 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. Any action or proceeding in any court to set aside this bond order, or to obtain any other relief, on the grounds that the bond order is invalid must be begun within 30 days after the date of publication of this notice. After the expiration of this period of limitation, no right of action or defense based upon the invalidity of the bond order shall be asserted, nor shall the validity of the bond order be open to question in any court upon any ground whatever, except in an action or proceeding begun within the period of limitation described herein. Dated: May 1, 2026 /s/ Monica W. Wallace Monica W. Wallace Clerk to the Board of Commissioners IPL0336167 May 1 2026