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Attachment 4 ^
<br /> 2017 CIP Alternative #2 — Future Debt Financings ORANGE COUNTY
<br /> NORTH CAROLINA
<br /> Fiscal Year 2017 2018 2019 2020 2021 2022 Total
<br /> Interest Rate Assumptions
<br /> Short-Term Borrowings(5-7 Year) 2.83% 3.00% 3.00% 3.00% 3.00% 3.00%
<br /> Medium-Term Borrowings(10-15-Year) n/a n/a n/a n/a n/a n/a
<br /> Long-Term Borrowings(20-Year) 2.83% 4.00% 4.25% 4.50% 4.50% 4.50%
<br /> 1 FY 2017 - 2022 County CIP
<br /> 2 Short-Term Borrowings(5-7 Year)'
<br /> 3 County Capital Projects $ 1,180,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 3,680,000
<br /> 4
<br /> 5 Medium-Term Borrowings(15-Year)2
<br /> 6 County Capital Projects - - - - - - -
<br /> 7 School Capital Projects -
<br /> 8 Total Medium-Term Borrowings (15-Year) - - - - - - -
<br /> 9
<br /> 10 Long-Term Borrowings(20-Year)3
<br /> 11 County Capital Projects 8,132,000 18,114,936 24,558,300 13,747,417 5,834,380 10,342,330 80,729,363
<br /> 12 School Capital Projects - 5,856,336 4,914,181 4,972,894 5,032,488 4,092,974 24,868,873
<br /> 13 School GO Referendum 40,000,000 - 40,000,000 - 40,000,000 120,000,000
<br /> 14 Affordable Housing GO Referendum 2,500,000 - 2,500,000 - 5,000,000
<br /> 15 Durham Tech Capital Projects - - 547,911 - - - 547,911
<br /> 16 Total Long-Term Borrowings (20-Year) 8,132,000 66,471,272 30,020,392 61,220,311 10,866,868 54,435,304 231,146,147
<br /> 17
<br /> 18 Total CIP $ 9,312,000 $ 66,971,272 $ 30,520,392 $ 61,720,311 $ 11,366,868 $ 54,935,304 $ 234,826,147
<br /> 'Beginning in FY 2017,future vehicle financings are assumed to be paid for from Vehicle Replacement Fund Internal Service Fees.
<br /> 2 Assumed for borrowing amounts under$10 million.
<br /> 3 Assumed for borrowing amounts over$10 million.
<br /> Note: FY 2017 CIP reflects actual borrowing amounts for County Short-Term and Long-Term Capital.
<br /> Note: 2/3 Bonds are assumed to be issued in FY 2018 to fund projects in FY 2018 and FY 2019.
<br /> DAVENPORT&COMPANY
<br /> June 13,2017 Orange County, NC 18
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