ORDER AUTHORIZING $101,500,000 HOUSING BONDS BE IT ORDERED by the City Council of the City of Raleigh, North Carolina: 1. That pursuant to The Local Government Bond Act, as amended, the City of Raleigh, North Carolina is hereby authorized to contract a debt, in addition to any and all other debt which said City may now or hereafter have power and authority to contract, and in evidence thereof to issue Housing Bonds in an aggregate principal amount not exceeding $101,500,000 for the purpose of providing funds, together with any other available funds, for community development programs to provide and rehabilitate multifamily and single family housing inside the corporate limits of said City, principally for the benefit of persons of low and moderate income, including, without limitation, (a) the construction or rehabilitation of housing or neighborhood revitalization improvements, (b) programs to provide loans and other financial assistance to such persons and to public and private providers of housing and (c) the acquisition of any related land, rights of way and equipment. 2. That taxes will be levied in an amount sufficient to pay the principal of and the interest on said bonds. 3. That a sworn statement of debt of said City has been filed with the City Clerk and is open to public inspection. 4. That this order shall take effect when approved by the voters of said City at a referendum as provided in said Act. ORDER AUTHORIZING $101,500,000 TRANSPORTATION BONDS BE IT ORDERED by the City Council of the City of Raleigh, North Carolina: 1. That pursuant to The Local Government Bond Act, as amended, the City of Raleigh, North Carolina is hereby authorized to contract a debt, in addition to any and all other debt which said City may now or hereafter have power and authority to contract, and in evidence thereof to issue Transportation Bonds in an aggregate principal amount not exceeding $101,500,000 for the purpose of providing funds, together with any other available funds, for various transportation related improvements inside and outside the corporate limits of said City, including, without limitation, street, sidewalk and streetscape improvements, bridges, bicycle lanes, curbs and drains, traffic controls, greenways, bus and train station and shelter improvements, and the acquisition of any related land, rights of way and equipment. 2. That taxes will be levied in an amount sufficient to pay the principal of and the interest on said bonds. 3. That a sworn statement of debt of said City has been filed with the City Clerk and is open to public inspection. 4. That this order shall take effect when approved by the voters of said City at a referendum as provided in said Act. The foregoing orders have been introduced and a sworn statement of debt has been filed under the Local Government Bond Act showing the appraised value of the City of Raleigh, North Carolina to be $117,528,498,691 and the net debt thereof, including the proposed bonds, to be $963,125,000. The Chief Financial Officer of the City has filed a statement estimating that the total amount of interest that will be paid on the proposed housing bonds over the expected term of the bonds, if issued, is $66,385,618 and the total amount of interest that will be paid on the proposed transportation bonds over the expected term of the bonds, if issued, is $63,107,118 (using, for each estimate, the highest interest rate charged for similar debt over the last 20 years). Taxes are authorized to be levied to pay the principal of and interest on the bonds if they are issued. The Chief Financial Officer of the City has filed a statement estimating that a property tax increase will not be required to provide sufficient funds to pay 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 such bonds or the property tax increases required to provide sufficient funds to pay the principal of and interest on the bonds. Such statement includes certain assumptions upon which the estimates are based, and there is no assurance that the circumstances included in such assumptions will occur. The validity of the proposed bonds is not subject to challenge on the grounds that the actual interest cost on the bonds when issued is or the actual property tax increase required to provide funds to pay principal and interest on the bonds is different than the estimated amounts set forth above. Anyone who wishes to be heard on the questions of the validity of the bond orders and the advisability of issuing the bonds may appear at a public hearing or an adjournment thereof to be held at 1:00 p.m. on May 19, 2026, in the City Council Chambers of the Avery C. Upchurch Government Complex located at 222 West Hargett Street in Raleigh, North Carolina. By: Louis M. Buonpane City Clerk of the City of Raleigh, North Carolina IPL0338425 May 12 2026