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NOTICE OF INTENTION OF THE COUNTY OF OAKLAND, MICHIGAN TO ISSUE LIMITED TAX GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS AND OF RIGHT TO PETITION FOR REFERENDUM THEREON TO ALL ELECTORS AND TAXPAYERS OF THE COUNTY OF OAKLAND, MICHIGAN: PLEASE TAKE NOTICE that the Board of Commissioners of the County of Oakland, Michigan (the “County”), intends to issue and sell the County’s Capital Improvement Bonds (Pontiac Redevelopment Project), pursuant to Act 34, Public Acts of Michigan, 2001, as amended (“Act 34”), in an aggregate principal amount not to exceed Two Hundred Forty Million Six Hundred Seventy-Five Thousand Dollars ($240,675,000), excluding net issuance premium and refunding bonds, in one or more series in calendar years 2026 through and including 2028 (the “Bonds”), for the purposes of (i) acquiring, constructing and equipping within the County, or reimbursing the County for such actions, certain capital improvements known as the Pontiac Redevelopment Project, including property acquisition, building construction and renovation, parking structure and surface parking construction and renovation, blight removal, redevelopment of green spaces, street making, place making, and other necessary appurtenances and infrastructure (collectively, the “Capital Improvements”), (ii) funding capitalized interest, if applicable, and (iii) paying costs incidental to the issuance, sale and delivery of the Bonds. Additionally, to ensure the timely implementation of the Capital Improvements, the County Departments may create, fill, and eliminate Bond-funded positions within the County, through the hiring of County employees or the procurement of third-party vendors, on a temporary or permanent basis, as applicable and subject to State law and County policies and procedures, including but not limited to, the budget approval process, hiring protocols, and Purchasing/Procurement policies and procedures, funded in whole or in part from proceeds of the Bonds. The Bonds shall bear interest at the rates determined upon competitive and/or negotiated sale of the Bonds, but in any event the true interest cost of any fixed rate tax-exempt Bonds shall not exceed 6.00% per annum and the true interest cost of any fixed rate taxable Bonds shall not exceed 9.00% per annum. The interest rate on any variable rate tax-exempt Bonds or variable rate taxable Bonds shall not exceed the maximum amount permitted by State of Michigan law. Final maturity dates for the Bonds shall not be later than the earlier of (i) the last year of the weighted average estimated period of usefulness of the Capital Improvements or (ii) 30 years from the date of issuance of the respective series of Bonds. Payment of principal of and interest on the Bonds will be secured by the County’s limited tax general obligation pledge as described below. FULL FAITH AND CREDIT AND TAXING POWER OF THE COUNTY OF OAKLAND, MICHIGAN WILL BE PLEDGED NOTICE IS FURTHER GIVEN that the Bonds will be limited tax general obligation bonds of the County. The full faith and credit of the County will be pledged to the payment of principal of and interest on the Bonds. The County will be obligated, as a first budget obligation, to advance moneys from its general funds or to levy such ad valorem taxes upon all taxable property in the County as shall be necessary to make such payments of principal and interest, which taxes, however, will be subject to applicable statutory, constitutional and charter limitations on the taxing power of the County. Sources of repayment of the principal of and interest on the Bonds may also include any other monies lawfully available for the repayment thereof. RIGHT TO PETITION FOR REFERENDUM NOTICE IS FURTHER GIVEN to the electors and taxpayers of the County to inform them of their right to petition for a referendum on the question of issuance of the Bonds. The County intends to issue the Bonds without a vote of the electors thereon, but the Bonds shall not be issued until 45 days after publication of this notice and approval by the Board of Commissioners of the County. If, within such 45-day period, a petition for referendum requesting an election on the issuance of the Bonds, signed by not less than 10% or 15,000 of the registered electors of the County, whichever is less, has been filed with the Oakland County Clerk (the “County Clerk”), the Bonds shall not be issued unless and until approved by a majority of the electors of the County voting thereon at a general or special election. This notice is given by order of the Board of Commissioners of the County pursuant to the provisions of Act 34. Further information may be obtained at the office of the County Clerk, 1200 North Telegraph Road, Pontiac, MI 48341. Lisa Brown County Clerk, County of Oakland, Michigan