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Attachment 2 4 <br /> Mark A. airgo <br /> ki STERLING 4eragil 11)ilrctor Bank <br /> 9667 f avenscroft I NW <br /> ,NATIONAL BANK Concord, INC 28027 <br /> 704 287 4493 <br /> f::ii!i roaiV:mcarao(a�snb.com <br /> Website www.snb.com <br /> May 3, 2017 <br /> Orange County, NC <br /> Mr. Gary Donaldson <br /> 200 South Cameron Street <br /> Hillsborough, NC 27278 <br /> Project: Financing of vehicles/equipment and improvements at various facilities <br /> Sterling National Bank ("SNB") is pleased to present this financing proposal (the "Term Sheet") <br /> to Orange County, NC in connection with the above-referenced project. Working with SNB has <br /> several major advantages, including: <br /> • Experience and Expertise: Each member of the SNB Public Finance team has significant <br /> experience regarding the financing of essential governmental equipment and projects, and can <br /> help you document your financing in a manner that complies with applicable local laws. <br /> • Financial Capability: The SNB Public Finance team is part of Sterling National Bank, a publicly <br /> traded commercial bank, which has the capability of funding tax-exempt financings on a <br /> nationwide basis. <br /> • Reliability: The SNB Public Finance team prides itself on excellent customer service and the <br /> prompt closing of awarded transactions. <br /> • Simplified Financing Structure: SNB is proposing to finance 100% of the equipment and <br /> improvements via a tax-exempt Installment Financing Contract which is the North Carolina Local <br /> Government Commission's preferred methodology for financing energy performance contracts. <br /> We look forward to working with you and your team on this assignment, and please do not hesitate to <br /> contact us with any questions, comments or concerns. We are positive that you'll enjoy working with <br /> SN B. <br /> Very truly yours, <br /> Mark A. Cargo <br /> Managing Director <br /> mcargo @snb.com <br /> www.snb.com <br />