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DECLARATION OF OFFICIAL INTENT C-XX-XX-XXX-X-XX For Reimbursement of Expenditures from Capital Leases 1) Maricopa County, Arizona (the “Issuer”) has determined a need to enter into a capital lease to replace County equipment such as vehicles, computers, and a helicopter. 2) A portion of the expenditures relating to the Project (the “Expenditures”) (i) has been paid within sixty days prior to the date hereof or (ii) will be paid on or after the date hereof. 3) The issuer reasonably expects to reimburse the Expenditures with proceeds of a capital lease. 4) The maximum principal amount of obligations expected to be issued is $36,375,536. a. $12,894,400 - General/Detention/Transportation Funds Vehicles b. $12,681,136 – General/Detention Funds Computer Refresh c. $10,800,000 - MCSO Helicopter The undersigned has been authorized by the Issuer to make and sign this Declaration on behalf of the Issuer pursuant to action taken by the Board of Supervisors on July 31st, 2019. (Clerk of Certification of action attached) Date of Declaration: July 31st, 2019 Maricopa County, Arizona Name of Issuer Bill Gates Chairman, Board of Supervisors ATTEST: Fran McCarroll Date Clerk, Board of Supervisors LEGAL REVIEW Approved as to form and within the powers and authority granted under the laws of the State of Arizona to Maricopa County. Deputy County Attorney Date