Orange County NC Website
<br />~, (3 } ; i~z. 2.wtount o ~' ;;ionc~, h: J_d. in sa.n':y.z°` <br />fu:_d~ or Oth-~r~•:i;;e =0I' thz n~+~~ment o1 <br />any oar,. ~ the nri.nci.,al of ~z'a:s^ <br />cie~t GthzrAY.han c:Gbt arcurrFd-far <br />~•rs..~r purgascs or -a_^.i'-__ s~~.*cy4,r <br />ouroas,e~i (l.~ 4rle eAt".TI:.r 4iZGit ~h~ <br />bands a'~e dec.ucti_bla unc:rr G.S. <br />..~, ar_d•-~: ouYrp~,~ar~to<-..~. _,cuVred,J-ar <br />sanitary se<<:er syste.:~~puw°pos~:s to tha <br />extent that said debt is mad° d.eductiblE: <br />by G.S. §1F9-•55(b) ............................... <br />bC5) Ur!collected special. assessments hereto- <br />fore J.evied .`or. local ir~prover~ents for <br />vrhich any part az the gross debt (that <br />3.s not othe~wisz dFducted) wa.s or is to <br />be incurred, to to extent that such <br />assessments !•;~.1:~ be aup].i ed, wh?n col- <br />lected, to the payment o.f any pax•t of <br />the gross d.e:~t .... ..._... ....................... <br />Y~(7) '~r_e amount. as estimated by the <br />, of spec'al assessments to be <br />le,-_~ed iar~ local ir,prove,^.ients f:•ar v;hicra <br />any parf. o° the gross debt (tha.t is not <br />o''herw:Lse deducted) vacs a^ xs to be incurM <br />red, to the °Y`°n`v that the s~xeci a1 assess-• <br />ments, v;hen cal ~.ected, oi7.17_ be Apr lied. to <br />the payment o. any par i• of thF gross debt ........ <br />,~ <br /> <br /> <br /> <br />D~.DTJCTZONS, bex;!~, the sur,~ of b (1_) , :~ (2) , ~ . <br />~(~)~ b(~1), b(;), b(~) and b(7) ................<,. .....,.. <br />(c) NE'1' Dk.B'P <br />?IcT. DEBT'. be•1nG tP,e di~'ference between ~ 29,S~L~_~45 <br />the GRASS Dr.B`~: (a) and tha UFI)L'CTT011S (b) - - ... , , . ,, • <br />(d) IlPPRA15ED VAT~U~, <br />APPRAISED 'Tri:~JE oi' pr.operty su.bJcct to <br />riun:~cipal taxation be; ore the applica- <br />tion of any assess*_nent ra.tia, being; the <br />value fixzd in 1979 .........................,,,.,. 2.7s~6~~C~~. <br />(e) DEBT' RA'.'lU <br />?erceritaoe ~•rh'ich the R~;7.' DEB1 (c) bears 3 61 <br />to the APinAISEb tiALJF Cd) ....................... <br />~__~ farf,~~bi:r~ StGi:E~il?I7t iS tX'lie <br />finance Diractc:r and =~ssista^t <br />County ;'?ana:~er Gf the Count; of <br />aran~,e, '~:orth Caroli~.a <br />-2- <br />e~Cw•r ~Gf,7 ~vG~ nrT C•.F~~ Q'•ErTY :i `•C ..a[RTr F•CaIn •.~w •:~F. n, ~. r ,u•Un <br />-~~ <br />