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11 <br /> Installment Purchase Terms <br /> ➢ Security Pledge- County collateral of Southern Campus and the Meadowlands <br /> emergency operations buildings <br /> ➢ Maturity Term- 5- 20 Year maturities matches with the useful life of the assets <br /> ➢ Estimated Interest Rates- 3%-4% subject to market conditions <br /> ➢ Source of Repayment- Property Tax, Article 46 Sales Tax (for Hillsborough EDD <br /> Utility) and Solid Waste Fees (for Vehicles and Equipment) <br /> ➢ Subordinate Lien to General Obligation Bonds <br /> ➢ Current and Projected Ratings- AA1/AA+/AA+ from Moody's, Standard & Poor's <br /> and Fitch Ratings <br /> ➢ LGC Approval required <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />