PRINCIPAL AMOUNT $300,000

NOTICE OF RESOLUTION

Public notice is hereby given by the Pierce Recreation District, Clearwater County, Idaho (the “District”) of the following resolution adopted by the District on April 21, 2021.

A RESOLUTION OF THE PIERCE RECREATION DISTRICT, CLEARWATER COUNTY, IDAHO, AUTHORIZING THE ISSUANCE AND SALE OF A PROMISSORY NOTE, IN A PRINCIPAL AMOUNT NOT TO EXCEED $300,000; DESCRIBING THE PROJECT TO BE FINANCED WITH THE PROCEEDS OF THE NOTE; PROVIDING FOR THE SALE OF THE NOTE TO ZIONS BANCORPORATION, N.A.; ESTABLISHING CERTAIN FUNDS; PROVIDING COVENANTS; PROVIDING FOR RELATED MATTERS; AND PROVIDING AN EFFECTIVE DATE

4-28-21c

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