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(b) DEDUCTIONS, being the sum of b(1) , <br /> b(2) , b(3) , b(4) , b(5) , b(6) and <br /> b(7) $30, 000 , 000 <br /> (c) NET DEBT <br /> (c) NET DEBT, being the difference <br /> between the GROSS DEBT (a) and 60,418, 352 <br /> the DEDUCTIONS (b) $ <br /> (d) APPRAISED VALUE <br /> (d) APPRAISED VALUE of property subject <br /> to municipal taxation before the <br /> application of any assessment ratio, <br /> being the value fixed in 1992 $ 3:818,673,.367 <br /> (e) Percentage which the NET DEBT (c) <br /> bears to the APPRAISED VALUE (d) • 1;58 0 <br /> The foregoing statement is true. <br /> Finance Director of the <br /> County of Orange, North Carolina <br /> STATE OF NORTH CAROLINA ) <br /> ss. : <br /> COUNTY OF ORANGE ) <br /> Subscribed and sworn to before me this 20th day of April <br /> 1993 . <br /> Notary Public <br /> My commission expires /1 - 3 U - 9) 5 <br /> * * * * <br /> I, Beverly Blythe, Clerk to the Board of Commissioners for the <br /> County of Orange, North Carolina, DO HEREBY CERTIFY that the <br /> foregoing is a true copy of a statement which was filed with me at <br /> a meeting of the Board of Commissioners for said County held on <br /> April 20, 1993 , after the introduction and before the public <br /> 3 <br />