PPMD #2 – Notice of Special Meeting and Notice of Final Determination to Issue Indebtedness

NOTICE IS HEREBY GIVEN that the Board of Directors of the PIÑON PINES METROPOLITAN DISTRICT NO. 2 (the “Board”) in El Paso County, Colorado, will hold a special meeting at 4:00 p.m. on Wednesday, October 22, 2025, to be held via telephonic means and in person at 2138 Flying Horse Club Drive, Colorado Springs, CO 80921. Members of the public are encouraged to participate by teleconference as outlined below.

You can access the meeting via telephone by dialing 1-408-418-9388 and entering the following additional information: phone conference ID: 621 010 488#.

At such meeting, it is anticipated that Piñon Pines Metropolitan District No. 2 (the “District”) will make a final determination to issue and refund general obligation indebtedness. Specifically, the Board will consider adoption of a resolution authorizing the execution and delivery of a Series 2025 Loan Agreement and Promissory Note, with NBH Bank as lender, in a maximum aggregate principal amount of $8,300,000 (the “Loan”), for the purposes of, among other things, refunding in full and deceasing all of the District’s existing general obligation indebtedness and paying the costs of incurring the Loan. The Board will also consider such other matters as may be necessary or appropriate in connection with the issuance of the Loan and for the purpose of addressing those matters set out in the agenda below as the same may be amended at the meeting, and for the purpose of conducting such other business as may properly come before the Board. Pursuant to the Supplemental Public Securities Act, no legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization or issuance of such debt may be commenced more than thirty days after the authorization of such Loan pursuant to the aforementioned resolution.

Pursuant to the provisions of the Supplemental Public Securities Act, one or more members of the Board of Directors may participate in this meeting and may vote on the foregoing matters through the use of a conference telephone or other telecommunications device.

The meeting is open to the public.
BY ORDER OF THE BOARD OF DIRECTORS:
PIÑON PINES METROPOLITAN DISTRICT NO. 2
By: /s/ George Lenz, President
______________________________________________________________________________
Posted not less than 24 hours prior to the meeting.

Dated: October 15, 2025

AGENDA

1. ADMINISTRATIVE MATTERS
   • Call to order and approval of agenda and meeting location.
   • Present disclosures of potential conflicts of interest.
   • Public Comment.
2. FINANCIAL MATTERS
   • Consider for approval Piñon Pines Metropolitan District No. 2 Limited Tax General Obligation Refunding Loan, Series 2025, in the maximum aggregate principal amount of $8,300,000 (the “Loan”).
   • Discussion and possible action of Piñon Pines Metropolitan District No. 2 to make a final determination to issue certain indebtedness through the issue of the Loan by the Adoption of a Parameters Resolution and other documents.
   • Such other matters as may be necessary or appropriate in connection with the debt issuance.
   • Identify and authorize a District Representative to approve and execute documents and other items related to the proposed issuance of the Loan.
   • Consider for approval the proposed Post Issuance Tax Compliance Policy related to the proposed debt issuance and identify a responsible person.
3. NEW BUSINESS
4. ADJOURNMENT