NOTICE OF INTENT TO

APPLY TO THE LOCAL GOVERNMENT COMMISSION

FOR APPROVAL OF BONDS

NOTICE is hereby given of the intention of the undersigned to file an application with the Local Government Commission, Raleigh, North Carolina, for its approval of the issuance of the following proposed bonds of the Town of Cary, North Carolina, which bonds shall be subject to the approval of the voters of said Town at a referendum:

$110,000,000 – WASTEWATER SYSTEM BONDS for the purpose of providing funds, together with any other available funds, for improving the wastewater management system of said Town, inside and outside its corporate limits, including, without limitation, the acquisition and construction of all, or a joint ownership interest in, a wastewater treatment facility, pumping stations, mains and lines, interconnection with wastewater systems of other governmental units, and the acquisition of any necessary equipment, land and rights of way for the wastewater system.

$10,000,000 – OPEN SPACE BONDS for the purpose of providing funds, together with any other available funds, for acquiring and improving open space land inside and outside the corporate limits of said Town for park and recreational purposes, the conservation of land and other natural resources, or historic or scenic purposes.

Any citizen or taxpayer of the Town of Cary, North Carolina who objects to said bonds in whole or in part may file with the Local Government Commission a statement setting forth his or her objections and containing his or her name and address as provided in Section 159-50 of the General Statutes of North Carolina, in which event such person shall also file a copy of said statement with the undersigned, at any time within seven days from the date of publication of this notice.  Objections set forth in said statement will be considered by said Commission, along with said application, in determining whether to approve or disapprove said application.

TOWN COUNCIL OF THE

TOWN OF CARY, NORTH CAROLINA