NOTICE OF PUBLIC HEARING BOND ORDER AUTHORIZING THE ISSUANCE OF $10,000,000 GENERAL OBLIGATION TRANSPORTATION BONDS OF THE CITY OF HENDERSONVILLE, NORTH CAROLINA   WHEREAS,the City Council (the “City Council”) of the City of Hendersonville, North Carolina (the “City”) has ascertained and hereby determines that it is necessary to pay the capital costs of acquiring, constructing, reconstructing, widening, extending, paving, resurfacing, grading and improving streets and sidewalks, including, without limitation, curbs, gutters, drains, bridges, overpasses, crossings, lighting, traffic controls, signals and markers, bicycle lanes, and landscape, streetscape and pedestrian improvements, and the acquisition of land, rights-of-way and easements in land required therefor; and   WHEREAS, an application has been filed with the Deputy Secretary of the Local Government Commission of North Carolina (the “Commission”) requesting Commission approval of the General Obligation Transportation Bonds hereinafter described as required by the Local Government Bond Act, and the City Clerk has notified the City Council that the application has been accepted for submission to the Commission.   NOW, THEREFORE, BE IT ORDERED by the City Council of the City of Hendersonville, North Carolina, as follows:   Section 1. In order to raise the money required for the purposes described above, in addition to any funds which may be made available for such purpose from any other source, General Obligation Transportation Bonds of the City are hereby authorized and shall be issued pursuant to the Local Government Finance Act of North Carolina. The maximum aggregate principal amount of such General Obligation Transportation Bonds authorized by this order shall be $10,000,000.   Section 2. Taxes will be levied in an amount sufficient to pay the principal and interest of the General Obligation Transportation Bonds.   Section 3. A sworn statement of the City’s debt has been filed with the City Clerk and is open to public inspection.   Section 4. The bond order will take effect when approved by the voters of the City at a referendum scheduled for March 3, 2026.   The foregoing order has 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 Hendersonville, North Carolina to be $3,217,169,446 and the net debt thereof, including the proposed bonds, to be $62,759,009. The finance officer of the City of Hendersonville, North Carolina 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 $5,611,200. 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 a property tax increase of $0.02 per $100.00 of assessed valuation 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. Anyone who wishes to be heard on the questions of the validity of the bond order and the advisability of issuing the bonds may appear at a public hearing or an adjournment thereof to be held at the Operations Center Assembly Room, 305 Williams Street, Hendersonville, North Carolina 28792, at 5:45 p.m., or as soon thereafter as practicable, on the 4th day of December, 2025.   /s/ Jill Murray City Clerk City of Hendersonville, North Carolina 11/23, 11/30/2025