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C. Net Debt, being the difference <br /> between Total Gross Debt (A) and Total $ 142,540,978 <br /> Deductions (B). <br /> D. Appraised Value of property <br /> subject to taxation, being the value <br /> from which the assessed value last <br /> fixed for taxation was computed, as <br /> estimated for budget purposes by the $ 9,085,150,000 <br /> by the County Tax Assessor. <br /> E. Percentage that Net Debt bears to <br /> the appraised value of property subject 1 .57% <br /> to taxation. <br /> WITNESS my signature this 15th day of August, 2001 . <br /> Kenneth T. Chavious <br /> Finance Officer <br /> Orange County, North Carolina <br /> STATE OF NORTH CAROLINA <br /> ORANGE COUNTY <br /> Subscribed and sworn before me this 15th day of August, 2001. <br /> tary Public <br /> [Seal] <br />