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82 <br /> Purposi <br /> ➢ Limited Obligation Bonds pursuant to NC Statute Section 160A-20 <br /> ➢ Payments for the Limited Obligation Bonds, Series 2019A will be made to Trustee by <br /> March 25 (for April 1 debt service) and by September 25 (for October 1 debt service); <br /> estimated interest rate not to exceed 4% <br /> ➢ The Series 2019A Limited Obligation Bonds are secured by a Deed of Trust, with a <br /> security interest in various County buildings and land with a total collateral value <br /> estimated at $15.7 million <br /> ➢ The Series 2019A Limited Obligation Bonds will fund various County projects <br /> including: <br /> - Vehicles and Equipment (5-8 Years): $4.0 Million <br /> - County/School Facility Improvements: $11 .7 Million <br /> - Land/ Easements: $0.4 Million <br /> - Total: $16.1 Million <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />