NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING Notice is hereby given that a public hearing will be held by the Polk County Industrial Development Authority (the "Authority"), on October 9, 2025, at 10:00 a.m., in the Commissioners Conference Room, Room 407, Neil Combee Administration Building, 330 West Church Street, Bartow, Florida. The public hearing will be held for the purpose of receiving comments and hearing discussion concerning the issuance of industrial development revenue bonds under state law in a maximum stated principal amount not exceeding $40,000,000 (the "2025 Bonds") as part of a plan of financing in one or more series. Proceeds of the 2025 Bonds will be loaned by the Authority to Victory Ridge Academy, Inc. ("VRA") and Victory Ridge Charitable Fund, Inc. ("VRCF," and together with VRA, the "Borrowers"), each of which are Florida not-for-profit corporations qualifying under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and used for the purpose of providing funds, together with other available funds, for (i) financing or refinancing the renovation, expansion, design, construction, equipping and/or furnishing of educational facilities, serving grades PK-12, including, but not limited to, an approximately 18,936 square foot classroom building, an approximately 11,330 square foot cafeteria, an approximately 3,447 square foot living skills center, an approximately 6,610 square foot covered play area, playground equipment and related site work to be located at 1991 Davenport Blvd., in Davenport, Florida, 33837 (the "Davenport Property"), and other improvements related thereto, (ii) acquisition of additional property adjacent to the Davenport Property located on Davenport Blvd. between US 27 and Holly Hill Road in Davenport, Florida to be used initially for parking and other educational purposes, the maximum stated principal amount of 2025 Bonds to be issued for the purposes described in clauses (i) and (ii) shall not exceed $15,000,000, (iii) refinancing Borrowers' obligations with respect to the outstanding Polk County Industrial Development Authority Industrial Development Revenue Bond (Victory Ridge Academy Project), Series 2024, which financed site work of an approximately 50,000 square foot educational facility serving grades PK-12 to be located at the Davenport Property, in a maximum stated principal amount not to exceed $15,725,000, (iv) refinancing Borrower's obligations with respect to the Promissory Note from the Borrowers to SouthState Bank, N.A. which financed the renovation, expansion, design, construction, equipping and/or furnishing of an educational facility located at 427 and 501 Burns Avenue, Lake Wales, Florida 33853 (the "Lake Wales Property"), in a maximum stated principal amount not to exceed $1,000,000, (v) funding a debt service reserve fund for the 2025 Bonds, if deemed necessary or desirable, (vi) funding capitalized interest for the 2025 Bonds, if deemed necessary or desirable; and (vii) paying costs related to the issuance of the 2025 Bonds. The 2025 Bonds will be issued as qualified 501(c)(3) bonds under Section 145 of the Code. All of the financed facilities described above are or will be owned by the Borrowers or a limited liability company of which one of the Borrowers will be the sole member and operated by VRA. The Borrower treats all such projects as one project that is used in an integrated operation of the Borrower. The Authority shall not be obligated to pay the 2025 Bonds except from the proceeds derived from the repayment of a loan to the Borrowers and neither the faith and credit nor the taxing power of the State or any political subdivision thereof shall be pledged to the payment of the principal of or the interest, or premium, if any, on the Bonds. The Authority has no taxing power. All interested or affected taxpayers, property owners and citizens of Polk County, Florida, are invited to attend this public hearing and, either personally or through their representatives, will be given an opportunity to express their views concerning the proposed project and the issuance of the proposed bonds. Anyone desiring to make written comments may file them with the Polk County Industrial Development Authority, c/o Peterson & Myers, P.A., P.O. Drawer 7608, Winter Haven, Florida 33883-7608, Attention: David G. Fisher, Esq. Comments made at the hearing are for the consideration of the Authority and will not bind the Authority to any action it may take. In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate in this proceeding should contact the Office of the Equal Opportunity Director no later than three days prior to the proceeding at the address given in this notice. Telephone: (863) 534-6000. SHOULD ANY PERSON DECIDE TO APPEAL ANY DECISION MADE BY THE AUTHORITY WITH RESPECT TO ANY MATTER CONSIDERED AT SUCH HEARING, SUCH PERSON WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR THAT PURPOSE, SUCH PERSON MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. This notice is given pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended. POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY September 29 2025 LSAR0377680