DALLAS INDEPENDENT SCHOOL DISTRICT NOTICE OF INTENTION TO ENTER INTO A CONTRACT FOR THE USE, PURCHASE OR OTHER ACQUISITION OF REAL PROPERTY OR IMPROVEMENTS TO REAL PROPERTY The Board of Trustees of the Dallas Independent School District (the "District") does hereby give notice of intention to enter into a lease-purchase contract for the use, purchase, or other acquisition of real property and improvements to real property (the "Contract"), as Lessee, in the maximum amount not to exceed $135,000,000, for a term not to exceed 25 years, with the Dallas Independent School District Public Facility Corporation (the "Corporation"), as Lessor, for the purpose of acquiring, repairing, constructing, rehabilitating, renovating, improving, equipping, furnishing, and placing in service public facilities of the District, to wit: a warehouse, storage, maintenance, operations, and security facility (the "Project"). The maximum amount of the Contract represents (i) the purchase price of the land, buildings, facilities, improvements, equipment, and furnishings situated thereon, (ii) the portion of the Project Costs for repairing, constructing, rehabilitating, renovating, equipping, and furnishing the Project, and (iii) the portion of the Project Costs, including funding a debt service reserve fund, and Costs of Issuance to be financed with lease revenue bonds to be issued in the maximum principal amount of $135,000,000 by the Corporation (the "Lease Revenue Bonds"), which amount includes an estimate of the costs of acquiring, repairing, constructing, rehabilitating, renovating, improving, equipping, financing, and placing in service the Project, including funding a debt service reserve fund for the Lease Revenue Bonds. The District proposes to provide for the payment of such Contract from lawfully available funds which may be used for such purposes and subject to annual appropriations, including, but not limited to, any unintended surplus maintenance and operations tax funds after payment of all maintenance and operating expenses of the District, said Contract never to be a charge on any of said revenues except according to its terms which include the right to appropriate payments therefor. Notice is further provided that the land and any improvements currently or hereafter situated thereon, being contributed by the District, along with the Project itself, will be subject to a mortgage and to foreclosure if the lease payments are not made by the District as required by the Contract. Notice is further provided that if, within 60 days of the date of publication of this Notice of Intention, a written petition signed by at least five percent of the registered voters of the District is filed with the Board of Trustees of the District requesting that the Board of Trustees order a referendum on the question of whether the contract should be approved, the Board of Trustees may not approve the contract unless the question is approved by a majority of the votes received in such referendum. /s/ Joe Carreón President, Board of Trustees Dallas Independent School District IPLDMN0138868