NOTICE OF PUBLIC HEARING ON PROPOSED ISSUANCE OF BONDS

NOTICE OF PUBLIC HEARING ON PROPOSED ISSUANCE OF BONDS _________ NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), will be held by the Westchester County Local Development Corporation (the "Issuer") on December 11, 2025, at 12:00 p.m., local time, at 148 Martine Avenue, Conference Room A, 9th Floor, White Plains, New York 10601, in connection with the following matter: TEATOWN LAKE RESERVATION, INC., a New York not-for-profit corporation and an organization described in Section 501(c)(3) of the Code, which is exempt from federal income taxation pursuant to Section 501(a) of the Code (the "Institution"), has presented an application (the "Application") to the Issuer, which Application requested that the Issuer issue, in one or more series or subseries, as part of a plan of finance, its revenue bonds, in a maximum aggregate stated principal amount not to exceed $10,500,000 (the "Bonds") for the purpose of paying the costs associated with a certain project (the "Project"), located at 1600 Spring Valley Road, Ossining, New York 10562 (the "Land"), for the benefit of the Institution, to consist of the following: (A) the construction, reconstruction, renovation, improving equipping and maintaining of the Institution's existing nature preserve and environmental educational and related facilities located on the Land, including (i) replacement of existing infrastructure with greenways, native plantings and universally accessible pathways and gathering areas, (ii) development of new outdoor environmental education play and learning zones for children and families, (iii) construction of improved, humane enclosures and exhibit spaces that support the health and wellbeing of Teatown's ambassador animals while enhancing public learning opportunities, and (iv) construction of a new education building with flexible, energy-efficient classrooms and a rooftop garden for immersive, nature-based learning experiences (collectively, the "Improvements"), (B) the acquisition of and installation in and around the Improvements of certain items of machinery, fixtures, equipment and other items of tangible personal property (collectively, the "Equipment" and, together with the Land, and the Improvements, the "Facility"); (C) funding of a debt service reserve fund, if any, and paying capitalized interest, if any, and (D) paying certain other costs associated with the issuance of the Bonds (the costs associated with items (A), through (D) being hereinafter collectively referred to as the "Project Costs"). The Institution will be the owner and operator of the Facility financed and/or refinanced by the Bonds. If the issuance of the Bonds is approved by the Issuer, (i) to the extent the Bonds are issued as tax-exempt obligations, it is intended that they will be issued as qualified 501(c)(3) bonds within the meaning of Section 145 of the Code, the interest on which will be excluded from gross income for Federal income tax purposes, pursuant to Section 103(a) of the Code, (ii) the proceeds of the Bonds will be loaned by the Issuer to the Institution pursuant to a loan or other similar agreement (the "Agreement") requiring that the Institution or its designee make payments equal to debt service on the Bonds and make certain other payments, and (iii) the Bonds will be special limited obligations of the Issuer payable solely from certain of the proceeds received pursuant to the Agreement and certain other assets of the Issuer pledged to the repayment of the Bonds. THE BONDS SHALL NOT BE A DEBT OF THE STATE OF NEW YORK NOR WESTCHESTER COUNTY, NEW YORK, AND NEITHER THE STATE OF NEW YORK NOR WESTCHESTER COUNTY, NEW YORK, SHALL BE LIABLE THEREON. The Issuer will hold the public hearing on the proposed issuance of the Bonds, as required by Section 147(f) of the Code. The subject of the hearing will be the nature and location of the Project and the issuance of the Bonds of the Issuer to provide financing. Interested persons are invited to attend and will have an opportunity to make a statement regarding the Project or the financing. Written comments and general inquires may be directed to the Issuer at the address indicated below. Minutes of the public hearing will be made available to the County Executive of Westchester County (the "County Executive"). Approval of the issuance of the tax-exempt Bonds by the County Executive is necessary under Section 147(f) of the Code in order for the interest on the Bonds to be excluded from gross income for federal income tax purposes. Finally, the Issuer also encourages all interested parties to submit written comments to the Issuer, which will be included within the public hearing record. Any written comments may be sent to Westchester County Local Development Corporation, 148 Martine Avenue, White Plains, New York 10601, Attn: Assistant Secretary and/or via email to cqpq@westchestercountyny.gov, no later than December 11, 2025. WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION By: Corazon Pineda Title: Assistant Secretary Dated: December 1, 2025 December 4 2025 LNYS0416761