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Agenda - 10-17-2017 - 8-d - Resolution to Refinance Existing Loan Obligations
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Agenda - 10-17-2017 - 8-d - Resolution to Refinance Existing Loan Obligations
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10/12/2017 3:46:01 PM
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10/13/2017 9:59:58 AM
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BOCC
Date
10/17/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8d
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Minutes 10-17-2017
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
RES-2017-069 Resolution providing final approval of terms and documents for 2017 County installment financing
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2017
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7 <br /> Exhibit A - Candidates for Refinancing <br /> 2006 Financing - the outstanding balance ($3,000,000) of the County's 2006 <br /> installment financing contract. This loan helped finance Carrboro High School. <br /> 2011 LOBs - a portion of the bonds from the County's 2011 Limited <br /> Obligation Bond issue that may be prepaid. There are $14,750,000 of those bonds. <br /> The 2011 LOBs helped refinance an earlier loan that, among other purposes, Morris <br /> Grove Elementary School and improvements to the County justice facility. <br /> 2012 LOBs - the bonds from the County's 2012 Limited Obligation Bond issue <br /> that may be prepaid. There are $11,545,000 of those bonds. The 2012 LOBs helped <br /> finance Northside Elementary School, the new County library in Hillsborough, the <br /> County office building on West Margaret Lane in Hillsborough and a variety of other <br /> County projects. <br /> 2013 Financing - $5,202,000 of the amount outstanding under the County's <br /> 2013 installment financing contract (this portion bears interest at a rate higher than <br /> the balance of this loan). This loan helped finance a wide variety of County projects, <br /> including utility improvements in the Buckhorn Economic Development District. <br /> 2016 Financing - the outstanding balance ($7,453,000) of the County's 2006 <br /> installment financing contract. This loan helped finance improvements to Grady <br /> Brown school and a variety of other school and County improvements. <br /> 5 <br />
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