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4 AM Municipal Financial al Group <br /> THE FLEXIBLE OPTION <br /> FINANCING PROPOSAL <br /> TRIANGLE YOUTH HOCKEY ASSOCIATION <br /> ORANGE COUNTY, NORTH CAROLINA <br /> JULY 23, 1993 <br /> STRUCTURE: 63-20 Corporation Financing-Supported by a contract to be negotiated <br /> with Orange County outlining the County's contribution to the project. <br /> TERM: Fifteen (15) - Twenty (20) Years <br /> AMOUNT: $7,000,000 Project Costs <br /> 234,500 Issuance & Legal Costs (Estimated 3.5%) <br /> 300,000 Capitalized Interest (12 months) <br /> $7,534,500 Estimated Total Issue <br /> ESTIMATED <br /> INTEREST RATE: 7.75% to 8.25% Fixed <br /> This rate is an estimate and will be based on final <br /> documentation and market conditions at closing. If the market <br /> offers a better rate it will be presented to all parties. <br /> PLACEMENT: Private Institutional Sophisticated Investors - Sold in <br /> denominations of at lease $100,000 ? <br />