Orange County NC Website
Browse       Search
Statement of Estimated Interest <br /> The undersigned Finance Officer for Orange County, North Carolina, <br /> states as follows: <br /> 1. In my role as Finance Officer I am filing this Statement of <br /> Estimated Interest with respect to County General Obligation School Bonds to <br /> be authorized by a Bond Order to be considered by the County Board of <br /> Commissioners on June 20, 2017. I am making this Statement in accordance <br /> with the requirements of Section 159-55(b) of the North Carolina General <br /> Statutes. <br /> 2. I have assumed that the amount of bonds will be $5,900,000, that <br /> the bonds will be issued with a 20-year term and a level-principal <br /> amortization, and that the average annual interest rate will 4.00%. <br /> 3. Based on the assumptions stated in Section 2, I estimate that the <br /> total amount of interest that will be paid on the bonds for the proposed <br /> purpose, over the expected term of the bonds if issued, is $2,478,000. This <br /> estimate is preliminary, is for general informational purposes only, and may <br /> differ from the actual interest paid on the bonds. <br /> WITNESS my signature this 17th day of May, 2017. <br /> Gar Donaldson <br /> Finance Officer <br /> Orange County, North Carolina <br /> The undersigned Clerk of the Board of Commissioner of Orange County, <br /> North Carolina, certifies that the foregoing is a true copy of a statement of <br />