Public Notice: Notice of Bond Sale

NOTICE OF SALE
$69,240,000*
COUNTY COMMISSIONERS OF CHARLES COUNTY
CONSOLIDATED PUBLIC IMPROVEMENT BONDS OF 2025Electronic

Electronic bids via PARITY® will be received by the Director of Fiscal and Administrative
Services on behalf of the Board of County Commissioners of Charles County, at the Department
of Fiscal and Administrative Services office (Room A107), Charles County Government Building,
200 Baltimore Street, La Plata, Maryland 20646, until 10:30 a.m., local time, on Tuesday,
November 18, 2025, for the purchase of the above-designated general obligation bonds of the
County Commissioners of Charles County (the "County"), aggregating $69,240,000*, all dated
their date of initial delivery, all bearing interest payable semiannually on April 1 and October 1,
commencing April 1, 2026, until maturity or earlier redemption, and maturing, subject to prior
redemption, on October 1 as follows:

The aggregate principal amount and the principal amount of each maturity of the bonds are
subject to reduction by the County after the receipt of bids for their purchase. The dollar amount
bid for principal and any amount bid for premium by the successful bidder will be adjusted
proportionately to reflect any reduction in the aggregate principal amount of bonds, but the interest
rates specified by the successful bidder for all maturities will not change. Procedures for
announcing such adjustments after the sale are set forth in the official Notice of Sale and the
successful bidder may not withdraw its bid as a result of any changes made within the limits set
forth therein.

* Preliminary, subject to adjustment as provided herein.

The aggregate principal amount and the principal amount of each maturity of the bonds are
subject to adjustment by the County, both before and after the receipt of bids for their purchase.
The dollar amount bid for principal by the successful bidder shall be adjusted to reflect any
adjustments in the aggregate principal amount of the bonds, but the interest rates specified by the
successful bidder for all maturities will not change. Procedures for announcing such adjustments
are set forth in the official Notice of Sale, and the successful bidder may not withdraw its bid as a
result of any changes made within the limits set forth therein.

The bonds maturing on or before October 1, 2035 are not subject to redemption prior to
their maturities. The bonds maturing on or after October 1, 2036 are subject to redemption at any
time on or after October 1, 2035, as a whole or in part, at the option of the County, after notice is

given as provided in the Resolution (hereinafter defined), at a redemption price equal to 100% of
the principal amount of the bonds to be redeemed plus accrued interest thereon to the date fixed
for redemption.

Bidders may designate in their bid two or more consecutive serial maturities beginning no
earlier than October 1, 2036 and in any year thereafter as a term bond which matures on the
maturity date of the last serial maturity of the sequence in accordance with the official Notice of
Sale.

The bonds will be issued under the authority of Section 97-1 of the Code of Charles County
(2013 Edition, as amended) (the "Code of Charles County"), Sections 19-501 through 19-510,
inclusive, of the Local Government Article of the Annotated Code of Maryland, as amended (the
"Local Government Article"), Bill No. 2025-01, Section 19-101 of the Local Government Article,
Sections 19-615 and 19-616 of the Local Government Article, and Chapter 249 of the Code of
Charles County, a Resolution of the Board of County Commissioners of Charles County (the
"Board") adopted on September 30, 2025 and a Resolution of the Board expected to be adopted
on November 18, 2025 (together, the "Resolution"). The net proceeds of these bonds, together
with funds from other sources, will be used to provide financing, refinancing or reimbursing for
the acquisition, planning, design, construction, repair, renovation, reconstruction, alteration and
equipping of certain buildings, facilities, equipment and grounds in Charles County, Maryland.
Bidders must bid at least 100% of par, but no more than 115% of par, for the bonds and
must specify the rate or rates of interest to be paid thereon in multiples of 1/8th or 1/20th of 1%.
Bidders may specify more than one rate of interest, but not more than one interest rate for any
maturity, nor a zero rate. The difference between the maximum and minimum interest rates so
specified may not be greater than 3.00%, and the maximum interest rate permitted is 5.00%. The
bonds will be awarded to the bidder offering the lowest true interest cost to the County, such
interest cost to be determined in accordance with the true interest cost (TIC) method by doubling
the semiannual interest rate (compounded semiannually) necessary to discount the debt service
payments from the payment dates to the date of the bonds and to the price bid.

The County reserves the right to postpone, from time to time, the date established for the
receipt of bids or to change the bid parameters for the bonds. In addition, the County reserves the
right, on the date established for the receipt of bids, to reject all bids and establish a subsequent
alternative sale date. The official Notice of Sale contains specific provisions regarding the
announcement of any such postponement and alternative sale date or bid parameter changes.
The bonds will be issued in fully registered book-entry form. The Depository Trust
Company, New York, New York, will act as securities depository for the bonds.

The bonds are general obligation bonds of the County and will constitute an irrevocable
pledge of its full faith and credit and unlimited taxing power. The issuance of the bonds will be
subject to approval of legality by McGuireWoods LLP, Baltimore, Maryland, Bond Counsel, and
copies of their opinion will be delivered, without charge, to the successful bidder.
The Preliminary Official Statement concerning this sale of bonds and the official Notice of
Sale will be supplied to prospective bidders upon request made in writing to the financial advisor
for the issuance of the bonds, Davenport & Company LLC, 8600 LaSalle Road, The Oxford
Building, Suite 618, Towson, Maryland 21286, or by telephone (410) 296-9426.

* Preliminary, subject to adjustment as provided herein.

By order of:
COUNTY COMMISSIONERS
OF CHARLES COUNTY
By: Reuben B. Collins, II, Esq., President