NOTICE TO ELECTORS OF THE CITY OF MANITOWOC, WISCONSIN TAKE NOTICE that the Common Council of the City of Manitowoc, Wisconsin (the "Issuer"), at a regular meeting held at City Hall, 900 Quay Street, Manitowoc, Wisconsin, on November 17, 2025, adopted an Initial Resolution pursuant to Section 66.1103 of the Wisconsin Statutes, as amended, expressing the intention to issue not to exceed $4,000,000 of revenue bonds of the Issuer (the "Bonds") on behalf of Immanuel Evangelical Lutheran Church, Inc., a Wisconsin nonstock, nonprofit corporation (the "Borrower"). The Borrower desires to complete a project consisting of financing the (i) construction of an approximately 8,542 square foot addition for classrooms (the "Addition") to the Borrower's existing approximately 28,820 square foot school facility located at 916 Pine Street in the City of Manitowoc, Wisconsin (the "Facility"), (ii) renovation and improvements to the Facility's existing locker room and parking lot, (iii) acquisition and installation of equipment for the Addition and the Facility, (iv) capitalized interest during the construction period, and (v) payment of professional fees and costs of issuance (collectively, the "Project"), all of which will advance the Borrower's exempt purpose. The Borrower has represented that the net number of full-time equivalent jobs which the Project is expected to create on the Project site is 1. Pursuant to the terms of Section 66.1103 of the Wisconsin Statutes, all requirements that the Project be subject to the contracting requirements contained in Section 66.1103 are waived, the Borrower having represented that it is able to negotiate satisfactory arrangements for completing the Project and that the Issuer's interests are not prejudiced thereby. THE BONDS SHALL NEVER CONSTITUTE AN INDEBTEDNESS OF THE ISSUER, NOR SHALL THE BONDS GIVE RISE TO ANY PECUNIARY LIABILITY OF THE ISSUER, NOR SHALL THE BONDS BE A CHARGE AGAINST THE GENERAL CREDIT OR TAXING POWERS OF THE ISSUER. RATHER, THE BONDS SHALL BE PAYABLE SOLELY FROM THE REVENUES AND OTHER AMOUNTS TO BE DERIVED PURSUANT TO THE REVENUE AGREEMENT RELATING TO SAID PROJECT TO BE ENTERED INTO BETWEEN THE ISSUER AND THE BORROWER. The Initial Resolution may be inspected in the office of the City Clerk at 900 Quay Street, Manitowoc, Wisconsin, during business hours. TAKE FURTHER NOTICE THAT THE ELECTORS OF THE CITY OF MANITOWOC MAY PETITION FOR A REFERENDUM ON THE QUESTION OF THE BOND ISSUE. Unless within thirty (30) days from the date of the publication of this Notice a petition signed by not less than five percent (5%) of the registered electors of the City of Manitowoc is filed with the City Clerk requesting a referendum on the question of the issuance of the Bonds, the Issuer will issue the Bonds without submitting the proposition for the electors' approval. If such petition is filed as aforesaid, then the Bonds shall not be issued until approved by a majority of the electors of the City of Manitowoc voting thereon at a general or special election. Mackenzie Reed, City Clerk City of Manitowoc, Wisconsin WNAXLP November 21 2025 LWIX0411238