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PUBLIC NOTICE - - - LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY On the motion of _Berthelot__, seconded by _Rabalais_, the following resolution was adopted: RESOLUTION A RESOLUTION MAKING CERTAIN FINDINGS WITH RESPECT TO AND AUTHORIZING THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY TO PROCEED WITH THE DEVELOPMENT OF A PROJECT ON BEHALF OF INNOVATIVE STUDENT FACILITIES, INC. INVOLVING THE ISSUANCE OF NOT TO EXCEED $17,000,000 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY REVENUE BONDS (INNOVATIVE STUDENT FACILITIES, INC. – LOUISIANA TECH UNIVERSITY INFRASTRUCTURE IMPROVEMENTS PROJECT), IN ONE OR MORE SERIES, TAXABLE OR TAX-EXEMPT; APPROVING THE FORMS OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A TRUST INDENTURE AND A LOAN AGREEMENT; AUTHORIZING OTHER DOCUMENTS, CERTIFICATES OR CONTRACTS REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING THE OFFICERS AND DIRECTORS OF THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION. WHEREAS, the Louisiana Local Government Environmental Facilities and Community Development Authority (the “Authority”) is a political subdivision established for public purposes under and pursuant to the provisions of Chapter 10 D of Title 33 of the Louisiana Revised Statutes of 1950, as amended (the “Act”), and other constitutional and statutory authority; WHEREAS, the Act empowers the Authority to issue bonds to provide funds for and to fulfill and achieve its authorized public functions or corporate purposes as set forth in the Act; WHEREAS, at the request of Innovative Student Facilities, Inc., a Louisiana non profit corporation and an organization described under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Corporation”), the Authority adopted a resolution on October 9, 2025 authorizing the issuance of its not to exceed $17,000,000 Revenue Bonds (Innovative Student Facilities, Inc. – Louisiana Tech University Infrastructure Improvements Project) taxable or tax-exempt, in one or more series (the “Bonds”), to provide financing for the purpose of (i) planning, design, acquisition, construction, renovation, improvement, and equipping of certain utility infrastructure projects, and other related improvements and facilities necessary or convenient in connection therewith (the “Facilities”) located throughout the campus of Louisiana Tech University (the “University”) on land owned by the Board of Supervisors for the University of Louisiana System (the “Board”), which Facilities will be leased to the Board for use by the University, (ii) paying capitalized interest on the Bonds, if necessary, (iii) funding a debt service reserve fund, if necessary and (iv) paying costs of issuance of the Bonds, including the premiums for a bond insurance policy and a debt service reserve fund surety policy, if necessary (the “Project”); WHEREAS, the Louisiana State Bond Commission (the “Commission”) approved the issuance of the Bonds on April 16, 2026; WHEREAS, the Authority desires to proceed with the issuance of the Bonds for the development of the Project; WHEREAS, the Authority and Argent Trust Company (the “Trustee”) will enter into that certain Trust Indenture (the “Indenture”), pursuant to which the Authority’s rights, duties and obligations under that certain Loan and Assignment Agreement (the “Agreement”) (except for certain rights of reimbursement of expenses, indemnification and exculpation, and rights to notices) shall be assigned by the Authority under the Indenture to the Trustee for the benefit and security of the present and future owners of the Bonds; WHEREAS, in consideration of the loan by the Authority pursuant to the Agreement, the Corporation will agree to make payments of principal and interest that will be sufficient to pay or reimburse the payment of the costs of issuance of the Bonds and principal of, interest and other charges relative to the Bonds; WHEREAS, the Authority has determined that the sale of the Bonds to Stifel, Nicolaus & Company, Incorporated, or their designees (collectively, the “Underwriter”), pursuant to a Bond Purchase Agreement among the Underwriter, the Authority and the Corporation (collectively, the “Bond Purchase Agreement”) and the use of the proceeds as described herein will be in furtherance of the public purposes intended to be served by the Act; WHEREAS, all consents and approvals required to be given by public bodies in connection with the authorization, issuance and sale of the Bonds as authorized by the Indenture and as required by the Act have been or will be secured prior to the delivery of the Bonds; and WHEREAS, the Authority now desires to authorize the execution and delivery of the Second Supplemental Agreement and the Second Supplemental Indenture, substantially in the forms submitted to the Authority this date, and the use and distribution of a Preliminary Official Statement (the “Preliminary Official Statement”), an Official Statement (the “Official Statement”), the Bond Purchase Agreement, and all other documents, certificates and contracts ancillary thereto and required in connection with the transaction contemplated hereby in the forms as approved by Bond Counsel and counsel to the Authority, to authorize the sale and delivery of the Bonds to the Underwriter within certain parameters set forth herein, to authorize the use and distribution of the Preliminary Official Statement and the Official Statement with respect to the Bonds and to provide for the execution of all instruments, documents and certificates in connection therewith. NOW THEREFORE, BE IT RESOLVED by the Executive Committee of the Board of Directors of the Authority, acting as the governing authority of the Authority, that: SECTION 1. The facts recited in the preamble to this resolution are found to be true and correct and are specifically and affirmatively adopted by the Authority as resolutions of the Authority. SECTION 2. Pursuant to the authority of the Act, the Executive Committee of the Authority does hereby authorize the issuance of the Authority’s Revenue Bonds (Innovative Student Facilities, Inc. – Louisiana Tech University Infrastructure Improvements Project), taxable or tax exempt, in one or more series, in an aggregate principal amount not to exceed $17,000,000, for the purpose of: (i) planning, design, acquisition, construction, renovation, improvement, and equipping of certain infrastructure projects, and other related improvements and facilities necessary or convenient in connection therewith (the “Facilities”) located on the campus of the University on land owned by the Board of Supervisors for the University of Louisiana System (the “Board”), which Facilities will be leased to the Board for use by the University, (ii) paying capitalized interest on the Bonds, if necessary, (iii) funding a debt service reserve fund, if necessary and (iv) paying costs of issuance of the Bonds, including the premiums for a bond insurance policy and a debt service reserve fund surety policy, if necessary (the “Project”). SECTION 3. The Bonds shall mature not later than twenty-five (25) years from the date of their issuance and shall bear interest at a fixed or variable rate not to exceed six percent (6.0%) per annum. The Bonds shall be secured by payments under a loan agreement between the Authority and the Corporation, which payments will be payable by the Corporation from rental payments received by the Corporation from the Board pursuant to an Agreement to Lease with Option to Purchase by and between the Corporation and the Board (the “Facilities Lease”) which payments will be assigned and pledged to the Authority for payment of principal of, premium, if any, and interest on the Bonds. Rental payments owed by the Board under the Facilities Lease will be paid from General Revenues of the University, as defined below. “General Revenues of the University” means, the funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever on deposit with or accruing from time to time to the University, provided that no such funds, income, revenue, fees, receipts or charges shall be so included which have been or are in the future legally dedicated and required for other purposes by the terms of specific grants, by the terms of particular obligations issued or to be issued (to the extent pledged to pay debt service on such other obligations) or by operation of law, and provided further the full faith and credit of the University is not pledged. “General Revenues of the University” shall not include funds which are appropriated to or for the University by the State Legislature from the State’s General Fund. SECTION 4. The Bonds shall be sold and purchased pursuant to the terms of the Bond Purchase Agreement to be entered into by and between the Authority, the Underwriter and the Corporation, which will provide for the sale of the Bonds by the Authority to the Underwriter and which will be subject to completion to reflect the terms of the marketing and sale of the Bonds. The use and distribution of a Preliminary Official Statement is hereby approved and the use and distribution of an Official Statement is hereby approved in such form as approved by Bond Counsel and counsel to the Authority with such additions, omissions and changes as may be approved by bond counsel to the Authority. SECTION 5. The forms and terms of the Indenture and the Agreement are hereby approved in substantially the form submitted to the Authority, all of the provisions of which are hereby made a part of this resolution, with such additions, omissions and changes as may be approved by Bond Counsel and counsel to the Authority. The execution and delivery of all ancillary documents, certificates or contracts by the Authority, including the Bond Purchase Agreement, in such form as is acceptable to Bond Counsel and counsel to the Authority, is hereby approved. SECTION 6. The Bonds are hereby awarded to the Underwriter pursuant to the Bond Purchase Agreement, provided that the parameters of the terms of the Bonds set forth in this resolution are not exceeded. SECTION 7. The Executive Committee does hereby authorize the filing of an application with the Louisiana State Bond Commission (the “Commission”) requesting approval of the issuance of the Bonds. By virtue of applicant/issuer’s application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission’s approval(s) resolved and set forth herein, it resolves that it understands and agrees that such approval(s) are expressly conditioned upon, and it further resolves that it understands, agrees and binds itself, its successors and assigns to, full and continuing compliance with the “State Bond Commission Policy on Approval of Proposed Use of Swaps, or other forms of Derivative Products Hedges, Etc.”, adopted by the Commission on July 20, 2006, as to the borrowing(s) and other matter(s) subject to the approval(s), including subsequent application and approval under said Policy of the implementation or use of any swap(s) or other product(s) or enhancement(s) covered thereby. SECTION 8. This resolution shall be published in The Advocate, the official journal of the Authority and the State of Louisiana published in Baton Rouge, Louisiana. SECTION 9. This Resolution does hereby incorporate by reference as though fully set out herein the provisions and requirements of the Act. [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] SECTION 10. This Resolution shall become effective immediately upon its adoption. This resolution having been submitted to a vote, the vote thereon was as follows: Member Yea Jim Holland, Chairman X David Camardelle, Vice Chairman X David Butler, II, S ecretary/Treasurer X Johnny Berthelot X David Rabalais X Mary Adams X Guy Cormier X Nay Absent Abstaining The Resolution was declared adopted on this 14th day of May, 2026. **** (Other items of business not pertinent to the foregoing resolution may be found in the official minutes of the Executive Committee of the Authority.) LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY /s/ Ty E Carlos Ty E. Carlos, Executive Director Attest: [SEAL] /s/ Amy K. Cedotal Amy K. Cedotal, Assistant Secretary 188819 May 26, 1t $223.83