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CITY OF GREENVILLE

NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION

               NOTICE IS HEREBY GIVEN that on May 23, 2023, the City Council of the City of Greenville, Texas, at 6:00 p.m. at a regular meeting of the City Council to be held at the Municipal Building of the City of Greenville, Texas (the “City”), 2821 Washington Street, Greenville, Texas, the regular meeting place of the City Council, which is the time and place tentatively set for the passage of an ordinance and such other action as may be deemed necessary to authorize the issuance of the City’s certificates of obligation (the “Certificates”), in the maximum aggregate principal amount not to exceed $65,000,000, payable from the levy of a direct and continuing ad valorem tax against all taxable property within the City sufficient to pay the interest on this series of Certificates as due and to provide for the payment of the principal thereof as the same matures, as authorized by Chapter 271, Subchapter C, Texas Local Government Code, as amended, and from all or a part of the surplus revenues of the City’s waterworks and sewer system, such pledge of surplus revenues being limited to $1,000, 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 of the City at the time of issuance of the Certificates, and maturing over a period not to exceed forty (40) years from the date of issuance, for the purposes of evidencing the indebtedness of the City for all or any part of the costs associated with (i) designing, constructing, renovating, improving, expanding and equipping the Reecy Davis Recreation Center; (ii) designing, constructing, renovating, improving, expanding and equipping the Greensville SportsPark; (iii) professional services incurred in connection with items (i) and (ii); and (iv) paying the costs incurred in connection with the issuance of the Certificates.  The estimated combined principal and interest required to pay the Certificates on time and in full is $118,526,740.  Such estimate is provided for illustrative purposes only, and is based on an assumed interest rate of 4.40%.  Market conditions affecting interest rates vary based on a number of factors beyond the control of the City, and the City cannot and does not guarantee a particular interest rate associated with the Certificates.  As of the date of this notice, the aggregate principal amount outstanding of tax-supported debt obligations of the City (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting in Resolution No. 23-33, dated March 28, 2023, which resolution is available from the City upon request) is $97,751,000, 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 tax-supported debt obligations (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting)   of the City on time and in full is $131,008,015.

            WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 28th day of March 2023.

/s/ Carla Oldacre, City Secretary

City of Greenville, Texas