NOTICE OF BOND ELECTION THE STATE OF TEXAS COUNTY OF COLLIN § § § PLANO INDEPENDENT SCHOOL DISTRICT TO THE RESIDENT QUALIFIED ELECTORS OF THE PLANO INDEPENDENT SCHOOL DISTRICT: TAKE NOTICE that an election will be held in the PLANO INDEPENDENT SCHOOL DISTRICT on the 7th day of May, 2016, in accordance with an order adopted by the Board of Trustees which is a part of this notice for all purposes and reads substantially as follows: AN ORDER calling a bond election to be held in the Plano Independent School District, making provision for the conduct of the election and resolving other matters incident and related to such election WHEREAS, the Board of Trustees of the Plano Independent School District hereby finds that an election should be held to determine whether said governing body shall be authorized to issue bonds of said District in the amount and for the purposes hereinafter identified; now, therefore, BE IT ORDERED BY THE BOARD OF TRUSTEES OF THE PLANO INDEPENDENT SCHOOL DISTRICT: SECTION 1: An election shall be held on the 7th day of May, 2016, in the Plano Independent School District, which date is seventy-eight (78) or more days from the date of the adoption hereof, and is a uniform election date pursuant to Texas Election Code, Section 41.001, for the purpose of submitting the following measure: "SHALL the Board of Trustees of the Plano Independent School District in Collin County, Texas be authorized to issue bonds of the District in the principal amount of $481,000,000 for the construction, renovation, acquisition and equipment of school buildings in the District, the purchase of necessary sites for school buildings and the purchase of new school buses; and shall there be pledged and levied, assessed and collected annually ad valorem taxes on all taxable property in the District sufficient, without limit as to rate or amount, to pay the principal of and interest on said bonds and the costs of any credit agreements executed in connection with the bonds; said bonds to mature serially or otherwise not more than forty (40) years from their date, to be issued in one or more series at any price or prices, and to bear interest at such rate or rates (fixed, floating, variable or otherwise and not to exceed the maximum rate permitted by law at the time of issuance of the bonds) as in its discretion the Board of Trustees shall determine?" SECTION 2: In accordance with the provisions of an election services contract (the "Contract") with the Collin County Elections Administrator, the locations, dates and times for early voting for this election shall be as shown in Exhibit A, which is attached hereto and incorporated herein by reference as a part hereof for all purposes. Bruce Sherbet, Collin County Elections Administrator, is hereby appointed early voting clerk and shall appoint and designate deputy clerks for early voting in accordance with the Contract. 49690411.1/11601459 -1- For purposes of processing ballots cast in early voting, the election officers for the early voting ballot board for this election shall be appointed and designated in accordance with the provisions of the Contract. SECTION 3: The Election Day Voting Centers are as shown in Exhibit B attached hereto and incorporated herein by reference as a part hereof for all purposes. The election officers for each Voting Center and the maximum number of clerks shall be determined and appointed in accordance with the provisions of the Contract. On election day, the polls shall be open from 7:00 a.m. to 7:00 p.m. SECTION 4: A voting system or systems meeting the standards and requirements of the Texas Election Code, as amended, is hereby adopted and approved for early voting by personal appearance and by mail and for election day voting. Ballots shall be prepared in accordance with the Texas Election Code, and permit electors to vote "FOR" or "AGAINST" the aforesaid measure which shall appear on the ballot substantially as follows: "THE ISSUANCE OF BONDS IN THE AMOUNT OF $481,000,000 FOR THE CONSTRUCTION, RENOVATION, ACQUISITION AND EQUIPMENT OF SCHOOL BUILDINGS, THE PURCHASE OF NECESSARY SITES FOR SCHOOL BUILDINGS AND THE PURCHASE OF NEW SCHOOL BUSES AND THE LEVYING OF THE TAX IN PAYMENT THEREOF" SECTION 5: The Central Counting Station for the tabulation and counting of ballots for this election shall be located at the Collin County Elections Administration, 2010 Redbud Drive, Suite 102, McKinney, Texas and the Manager, Tabulation Supervisor, Presiding Judge and Alternate Presiding Judge at such Central Counting Station shall be determined, appointed and designated in accordance with the Contract. The Manager and Presiding Judge of such Central Counting Station may appoint clerks to serve at such Station, as provided by Texas Election Code, Section 127.006, as amended. SECTION 6: This election shall be held and conducted in accordance with the Texas Election Code, except as modified by the provisions of the Texas Education Code, and to the extent required by law, all election materials and proceedings shall be printed in both English and Spanish. SECTION 7: A substantial copy of this Order shall serve as proper notice of said election. Said notice shall be published at least one time not more than thirty (30) days or less than ten (10) days before the day of the election in a newspaper of general circulation in the District. Additionally, the notice shall be posted (i) on the bulletin board used for posting notices of Board meetings and at three public places within the District not later than twenty-one (21) days prior to election day, (ii) on the District’s Internet website during the twenty-one (21) days prior to election day, and (iii) in a prominent location at each polling place on the day of the election and during early voting. SECTION 8: In accordance with Texas Election Code, Section 3.009(b), the ad valorem debt service tax rate for the District for the 2015/2016 fiscal year is $0.269 per $100 of taxable assessed valuation; the aggregate amount of outstanding principal of the District's debt obligations as of the beginning of the District's 2015/2016 fiscal year, totaled $852,635,312.60; and as of the beginning of the District's 2015/2016 fiscal year, the aggregate amount of outstanding interest on the District's debt obligations totaled $357,559,888.82. Based on the bond market conditions at the date of adoption of this Order, the maximum net effective interest rate for any series of the bonds is estimated to be 5.25%. Such estimated maximum rate is 49690411.1/11601459 -2- provided as a matter of information and in accordance with the requirements of Texas law, but is not a limitation on the interest rate at which the bonds, or any series thereof, may be sold. SECTION 9: This Order hereby incorporates the provisions of the Contract, and to the extent of any conflict between this Order and the Contract, the provisions of the Contract shall control. The Superintendent of Schools or his designee, is hereby authorized to correct, modify or change the information in this Order, including the attached Exhibits based upon the final locations, dates and times agreed upon by the Collin County Elections Administrator and the District as well as incorporate additional voting locations as designated by the Collin County Elections Administrator. PASSED AND APPROVED, this February 2, 2016. PLANO INDEPENDENT SCHOOL DISTRICT /s/ Nancy Humphrey President, Board of Trustees ATTEST: /s/ Carrolyn Moebius Secretary, Board of Trustees (District Seal) 49690411.1/11601459 -3- EXHIBIT A COLLIN COUNTY EARLY VOTING LOCATIONS, DATES AND HOURS Early voting for this election shall begin on Monday, April 25, 2016 and end on Tuesday, May 3, 2016, and the dates and hours designated for early voting by personal appearance shall be as set forth below: Dates Hours Monday, April 25, 2016 through Wednesday, April 27, 2016 Thursday, April 28, 2016 Friday, April 29, 2016 and Saturday, April 30, 2016 Monday, May 2, 2016 and Tuesday, May 3, 2016 8:00 a.m. to 5:00 p.m. 8:00 a.m. to 7:00 p.m. 8:00 a.m. to 5:00 p.m. 7:00 a.m. to 7:00 p.m. Main Early Voting Polling Place Collin County Elections Office 2010 Redbud Blvd., Suite 102 McKinney, Texas 75069 Branch Early Voting Polling Places Location Allen Municipal Court Facility Anna City Hall Carpenter Park Recreation Center Celina ISD Administration Bldg. Cockrill Middle School Collin College Spring Creek Campus Davis Library Dowell Middle School Evans Middle School Farmersville City Hall Faubion Middle School Haggard Library Harrington Library Johnson Middle School Lavon City Hall Lovejoy ISD Administration Bldg. Lucas Community Center Melissa City Hall Murphy Community Center Parker City Hall Parr Library Plano ISD Administration Center Prosper ISD Administration Bldg Renner Frankford Library Smith Library 49690411.1/11601459 Address 301 Century Parkway 111 N. Powell Parkway 6701 Coit Road 205 S. Colorado 1351 N. Hardin Blvd. 2800 E. Spring Creek Pkwy. 7501-B Independence Pkwy. 301 S. Ridge Road 6998 W. Eldorado Pkwy. 205 S. Main 2000 Rollins Street 2501 Coit Road 1501 18th Street 3400 Community Blvd. 120 School Road 259 Country Club Road 665 Country Club Road 3411 Barker Ave. 205 N. Murphy Road 5700 E. Parker Road 6200 Windhaven Pkwy. 2700 W. 15th Street 605 E. 7th Street 6400 Frankford Road 300 Country Club Road A-1 City Allen Anna Plano Celina McKinney Plano Plano McKinney McKinney Farmersville McKinney Plano Plano McKinney Lavon Allen Lucas Melissa Murphy Parker Plano Plano Prosper Dallas Wylie TEMPORARY BRANCH POLLING PLACE FOR EARLY VOTING Temporary Polling Locations With Different Hours: Collin College Preston Ridge Campus Frisco Fire Station #8 Hunt Middle School Maus Middle School Sunday Monday Tuesday April 25 April 26 April 24 Early Voting Early Voting 8am – 5pm 8am – 5pm May 2 May 3 May 1 Early Voting Early Voting 7am – 7pm 7am – 7pm Address 9700 Wade Blvd. 14700 Rolater 4900 Legendary Drive 12175 Coit Road Wednesday Thursday April 27 April 28 Early Voting Early Voting 8am – 5pm 8am – 5pm Frisco Frisco Frisco Frisco Friday April 29 Early Voting 8am – 5pm Temporary Polling Locations With Different Hours: Seis Lagos Utility District Sunday Monday Tuesday April 25 April 26 April 24 Early Voting Early Voting 8am – 4pm 8am – 4pm May 2 May 3 May 1 Early Voting Early Voting 8am – 4pm 8am – 4pm Address 220 Seis Lagos Trail Wednesday Thursday April 27 April 28 Early Voting Early Voting 8am – 4pm 8am – 7pm Wylie Friday April 29 Early Voting 8am – 4pm Temporary Polling Locations With Different Hours: New Hope Town Hall Sunday Monday Tuesday April 25 April 26 April 24 Early Voting Early Voting 9am – 12pm 9am – 12pm May 2 May 3 May 1 Early Voting Early Voting 9am – 12pm 9am – 12pm Address 121 Rockcrest Road Wednesday Thursday April 27 April 28 Early Voting Early Voting 9am – 12pm 9am – 12pm McKinney Friday April 29 Early Voting 9am – 12pm 49690411.1/11601459 A-2 City Saturday April 30 Early Voting 8am – 5pm City Saturday April 30 City Saturday April 30 Early Voting 9am – 12pm EXHIBIT B COLLIN COUNTY ELECTION DAY VOTING CENTERS Allen Municipal Courts Facility Aldridge Elementary School Anna City Hall Armstrong Middle School Bethany Elementary School Bowman Middle School Carpenter Middle School Celina ISD Administration Building Cockrill Middle School Collin College-Preston Ridge Campus Collin County Elections Office Dowell Middle School Evans Middle School Fairview Town Hall Farmersville City Hall Faubion Middle School Frisco Fire Station #8 Haggard Middle School Hendrick Middle School Hunt Middle School Johnson Middle School Lavon City Hall Lucas Community Center Maus Middle School Melissa City Hall Miller Elementary School Mitchell Elementary School Murphy Community Center New Hope Town Hall Parker City Hall Parr Library Prosper ISD Administration Bldg. Renner Frankford Library Robinson Middle School Schimelpfenig Middle School Seis Lagos Utility District Shepton High School Smith Library Tom Muehlenbeck Recreation Center Wilson Middle School 49690411.1/11601459 301 Century Parkway 720 Pleasant Valley Lane 111 N. Powell Parkway 3805 Timberline Drive 2418 Micarta Drive 2501 Jupiter Road 3905 Rainier Road 205 S. Colorado 1351 N. Hardin Blvd. 9700 Wade Blvd. 2010 Redbud Blvd. Ste 102 301 S. Ridge Road 6998 W. Eldorado Pkwy. 372 Town Place 205 S. Main 2000 Rollins Street 14700 Rolater 2832 Parkhaven Drive 7400 Red River Drive 4900 Legendary Drive 3400 Community Blvd. 120 School Road 665 Country Club Road 12175 Coit Road 3411 Barker Ave. 5651 Coventry Drive 4223 Briargrove Lane 205 N. Murphy Road 121 Rockcrest Road 5700 E. Parker Road 6200 Windhaven Parkway 605 E. 7th Street 6400 Frankford Road 6701 Preston Meadow Dr. 2400 Maumelle Drive 220 Seis Lagos Trail 5505 Plano Parkway 300 Country Club 5801 W. Parker Road 1001 Custer Road B-1 Allen Richardson Anna Plano Plano Plano Plano Celina McKinney Frisco McKinney McKinney McKinney Fairview Farmersville McKinney Frisco Plano Plano Frisco McKinney Lavon Lucas Frisco Melissa Richardson Dallas Murphy McKinney Parker Plano Prosper Dallas Plano Plano Wylie Plano Wylie Plano Plano