Orange County NC Website
Exhibit A—Candidates for Refinancing <br /> 2006 Financing —the outstanding balance ($3,000,000) of the County's 2006 installment <br /> financing contract. This loan helped finance Carrboro High School. <br /> 2011 LOBs — a portion of the bonds from the County's 2011 Limited Obligation Bond <br /> issue that may be prepaid. There are $14,750,000 of those bonds. The 2011 LOBS helped <br /> refinance an earlier loan that, among other purposes, Morris Grove Elementary School and <br /> improvements to the County justice facility. <br /> 2012 LOBs—the bonds from the County's 2012 Limited Obligation Bond issue that may <br /> be prepaid. There are $11,545,000 of those bonds. The 2012 LOBs helped finance Northside <br /> Elementary School, the new County library in Hillsborough, the County office building on West <br /> Margaret Lane in Hillsborough and a variety of other County projects. <br /> 2013 Financing — $5,202,000 of the amount outstanding under the County's 2013 <br /> installment financing contract (this portion bears interest at a rate higher than the balance of this <br /> loan). This loan helped finance a wide variety of County projects, including utility improvements <br /> in the Buckhorn Economic Development District. <br /> 2016 Financing — the outstanding balance ($7,453,000) of the County's 2006 installment <br /> financing contract. This loan helped finance improvements to Grady Brown school and a variety <br /> of other school and County improvements. <br /> 5 <br />