NOTICE OF PUBLIC HEARING REGARDING ORDINANCE FOR CREATION OF THE CITY OF HUNTINGTON ECONOMIC OPPORTUNITY DEVELOPMENT DISTRICT A public hearing will be held at a regular meeting of The City Council of The City of Huntington (the "City"), on May 11, 2026, at 7:30 p.m. (or as soon thereafter on such date as the matter may be heard) in the City Council Chambers located at City Hall, 800 5th Avenue, Huntington, WV, and at such hearing any person interested may appear and present comments, protests, suggestions and otherwise express their views respecting an ordinance of the City regarding the creation of an economic opportunity development district to be designated as "The City of Huntington Economic Opportunity Development District" (the "Excise Tax District") in the City. All comments, protests, suggestions and views shall be heard at such public hearing, and the City shall thereafter take such actions as it shall deem proper in the premises regarding the approval, pursuant to Chapter 8, Article 38 of the Code of West Virginia, 1931, as amended (the "Act"), respecting the ordinance creating the Excise Tax District. Following is a brief summary of such matters. Creation of Excise Tax District The Excise Tax District will be comprised of approximately 146 acres of contiguous real property located in the Downtown and Highlawn areas of the City. Purpose of Excise Tax District The purpose of the Excise Tax District is to facilitate the development by the City and the Huntington Municipal Development Authority of certain capital improvements within or contiguous to the Excise Tax District and which serve the Excise Tax District through development expenditures promoting the economic vitality of the Excise Tax District and the general welfare of the City consistent with Section 5 of the Act (the "Project"), including, but not limited to, the following: Waterworks, sewerage, stormwater, telecommunications, cable, fiber optic, electric, natural gas and related infrastructure improvements; Construction of parking facilities, roads, sidewalks, street lighting, traffic signals and other roadway and streetscape improvements and related appurtenances; Demolition, site preparation and excavation, remediation and other earthwork necessary for and incidental to the construction and installation of infrastructure and other improvements that will facilitate commercial development within the Excise Tax District; Other related improvements, extensions, renovations and additions; and All professional service fees and consultant fees in connection with the foregoing, including but not limited to engineering, architectural and other design fees, legal fees, fees of property tax revenue consultants, property tax consultants, trustees, continuing disclosure agents and all fees and costs incurred in connection with the creation of the Excise Tax District and the preparation and approval of the Project. Method of Financing To finance the costs of the Project, the City proposes to issue bonds or other obligations (the "Financing Obligations") in an amount not to exceed $80,000,000, with maturities not to exceed 30 years from the date of the creation of the Excise Tax District. Such obligations may be issued from time to time in one or more series. Proceeds of the Financing Obligations are generally planned and expected to be used to (i) finance all or portion of the costs of the Project; (ii) fund reserves for the Financing Obligations; (iii) fund capitalized interest on the Financing Obligations; and (iv) pay costs of issuance of the Financing Obligations and related costs, including costs relating to the Project and related costs. The Financing Obligations would be payable from and secured by a special district excise tax, which the City may be authorized to impose by the West Virginia Legislature pursuant to Section 9 of the Act and other funds which may be deposited to the credit of the Economic Opportunity Development District Fund subaccount created for the Excise Tax District and maintained by the State Treasurer pursuant to Section 8 of the Act (the "District Fund"). A portion of the costs of the Project may also be paid directly from special district excise tax revenues and other funds deposited to the credit of the District Fund as provided in Section 13 of the Act. The base of the special district excise tax which will be imposed by the City for the Excise Tax District shall be identical to the base of the consumers sales and service tax imposed pursuant to Chapter 11, Article 15 of the Code of West Virginia, 1931, as amended (the "Sales Tax Act"). Except for the exemption provided in Section 9(f) of the Sales Tax Act, all exemptions and exceptions from the consumers sales and service tax also apply to the special district excise tax. The rate of the special district excise tax shall be identical to the rate or rates of the consumer sales and service tax imposed by the Sales Tax Act on sales made and services rendered within the boundaries of the Excise Tax District. Further information regarding the proposed Application and the Financing Obligations are on file and available for inspection at the office of the Clerk of the City during regular business hours, located at the City Clerk's office in City Hall, 800 5th Avenue, Huntington, West Virginia. Dated: May 1, 2026 By: /s/ Lisa Adkins City Clerk LH-453737 05-01,08;2026