SCHOOL DISTRICT OF THE CITY OF ALLENTOWN (Lehigh County, Pennsylvania) NOTICE OF MEETING FOR CONSIDERATION OF PROPOSED RESOLUTION AUTHORIZING THE INCURRENCE OF NON ELECTORAL DEBT SCHOOL DISTRICT OF THE CITY OF ALLENTOWN (Lehigh County, Pennsylvania) NOTICE OF MEETING FOR CONSIDERATION OF PROPOSED RESOLUTION AUTHORIZING THE INCURRENCE OF NON ELECTORAL DEBT Notice is hereby given that the Board of Directors of the School District of the City of Allentown (the “School District”), Lehigh County, Pennsylvania, will hold a public meeting for the purpose of considering and acting upon a Resolution authorizing the incurrence of non electoral debt by the School District (the “Resolution”). The Resolution will be considered for adoption at a meeting to be held on Thursday, June 18, 2026, at 6:00 P.M., at the School District’s Administration Center – Board Room, 31 South Penn Street, Allentown, PA or within thirty (30) days of the date of the publication of this notice, in which case the time, date and location of such meeting will be set forth in a separate public notice published at least 24 hours before the meeting in accordance with the Sunshine Act. The following is a summary of the contents of the Resolution which among other things: 1. Authorizes the School District to incur non electoral debt pursuant to the Pennsylvania Local Government Unit Debt Act, as codified by the Act of December 19, 1996 (P.L. 1158, No. 177) (the “Act”), and to evidence such indebtedness by the issuance of its General Obligation Bonds, in one or more series, (the “Bonds”) in the principal amount not to exceed $27,750,000. 2. The proceeds of the Bonds, as well as other available funds of the School District, will be used for purposes of: (i) providing funds for the current refunding of all or a portion of the School District’s outstanding General Obligation Bonds, Series B of 2018 (the “2018B Bonds”); and (ii) paying costs and expenses associated with the issuance of the Bonds. 3. States that the debt to be evidenced by the Bonds is non electoral debt, and that the Bonds, when issued, will be General Obligation Bonds of the School District; 4. Directs its officers to prepare and file the debt statement required by Section 8110 of the Act, to execute and deliver the Bonds and take all other actions as may be required by the Act or the Resolution in connection with the issuance of the Bonds; 5. Contains a covenant that the School District shall include in its budget for each fiscal year, to the fullest extent allowed under applicable law, the required debt service on the Bonds; that it shall appropriate such amounts from its general revenues for the payment of such debt service; that it shall duly and punctually pay or cause to be paid the principal of and interest on the Bonds as and when due; and pledging the full faith, credit and taxing power of the School District for such budgeting, appropriation and payments; 6. Contains the substantial form of Bond and the terms thereof, including parameters for the purchase price of the Bonds, the schedule of maximum principal maturity amounts and dates, parameters for maximum interest rates and interest payment dates and place of payment and tender and redemption provisions of the Bonds, all of which may be amended and inserted in the Resolution prior to action of the Board of School Directors thereon, based upon the accepted proposal for purchase of the Bonds and any parameters therefor set by the School District; 7. Authorizes the proper officers of the School District to secure municipal bond insurance or other credit enhancement for the Bond, if economically advantageous, and to execute appropriate documents and agreements in connection therewith, and provides for payment of all costs of financing; 8. Determines, after due consideration and investigation, that a private sale by negotiation is in the best financial interest of the School District, and that a proposal in connection with the same shall be submitted to the School District for acceptance at the meeting; 9. Provides for the sale of the Bonds at a private sale by negotiation and the authorization for acceptance of a proposal from RBC Capital Markets, LLC (the “Purchaser”) for the purchase of the Bonds, which shall contain certain parameters relating to interest rates and maturity amounts and dates for the Bonds, and provides that, in connection with the same, the proper officers of the School District are authorized to accept the final terms of the Bonds within the parameters when submitted to the School District by the Purchaser of the Bonds for acceptance; 10. Provides for the creation of a sinking fund and a purchase fund for the Bonds and the appointment of a sinking fund depositary and paying agent to be approved by the Board of Directors of the School District and authorizes the officers of the School District to enter into contracts accordingly; 11. Provides for the compliance by the School District with continuing disclosure requirements; 12. Authorizes the disbursement and application of the proceeds of the Bonds and other funds; 13. Authorizes the refunding of the 2018B Bonds; and 14. Contains various other provisions relating to the Bonds and the issuance and sale thereof. A copy of the proposed text of the Resolution described above may be examined by any citizen in the Administrative Office of the School District, 31 S. Penn Street, Allentown, PA 18102, on business days during the hours of 8:00 a.m. to 4:00 p.m. The Resolution currently on file may be amended prior to adoption by the Board of School Directors as the Board may deem appropriate. If the Resolution is adopted, a notice of adoption, including a summary of the amendments made prior to final passage and the maximum purchase price for the Bonds and the range of interest rates, will be advertised after adoption and made available for examination by any citizen in accordance with the Act. Ronald Simonson, Secretary of the Board of School Directors School District of the City of Allentown 88460 - 6/12/26