NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION

NOTICE OF INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that on March 10, 2026, at 2:00 p.m. at a regular meeting of the City Council of the City of Lubbock, Texas, to be held in the City Council Chambers at Citizens Tower, 1314 Avenue K, Lubbock, Texas, the regular meeting place of the City Council, the City Council intends to pass one or more ordinances authorizing the issuance of not to exceed $15,000,000 total principal amount of certificates of obligation, in one or more series (collectively, the "Certificates"), bearing interest at any rate or rates not to exceed the maximum interest rate authorized by law, as shall be determined within the discretion of the City Council at the time of issuance of the Certificates, and maturing over a period of not to exceed twenty-one (21) years from their date of issuance, for the purpose of paying contractual obligations to be incurred for the following purposes, to wit: (i) construction, renovation, improvement and extension of City streets and related infrastructure, vehicles and equipment, including sidewalks, street lighting, traffic signals/controllers and traffic signal communication systems, signage, drainage, landscaping, utility improvements, extensions, relocations and acquisition of land and rights-of-way in connection therewith (collectively, the "Project"), and (ii) payment of professional services of attorneys, municipal advisors, financial advisors, engineers and other professionals in connection with the Project and the issuance of the Certificates. Said Certificates shall be payable from the levy of a direct and continuing ad valorem tax, levied within the limits prescribed by law, against all taxable property within the City sufficient to pay the interest on said Certificates as due and to provide for the payment of the principal thereof as the same matures, as authorized by Subchapter C, Chapter 271, Texas Local Government Code, as amended, and from all or a part of the surplus net revenues of the City's Water and Wastewater System, such pledge of surplus net revenues being limited to $1,000. The estimated combined principal and interest required to pay the Certificates on time and in full is $21,508,148. Such estimate is provided for illustrative purposes only and is based on an assumed interest rate of 4.50%. Market conditions affecting interest rates vary based on numerous factors beyond the control of the City, and the City cannot provide any assurance regarding the rate of interest that the Certificates will bear upon their issuance. As of the date of this notice, the aggregate principal amount of outstanding public securities of the City secured by and payable from ad valorem taxes (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting) is $332,083,601, and based on the City's expectations, as of the date of this notice, the combined principal and interest required to pay all of the outstanding public securities of the City secured by and payable from ad valorem taxes (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting) on time and in full is $458,481,272. THIS NOTICE is given in accordance with law and as directed by the City Council of the City of Lubbock, Texas on January 13, 2026. January 15, 22 2026 LACO0438445