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23 <br /> <br /> Security Pledge- Annual Appropriations and County collateral of Southern Campus, <br />Seymour Center and Northern Campus Site added to Master Deed of Trust <br /> Maturity Term- 5- 20 Year maturities matches with the useful life of the assets <br /> Estimated Interest Rates- 2-3% subject to market conditions <br /> Source of Repayment- Property Tax and Sportsplex Fees <br /> Subordinate Lien to General Obligation Bonds <br /> Current and Projected Ratings- Aa1/AA+/AA+ from Moody’s, Standard & Poor’s and <br />Fitch Ratings <br /> LGC Approval required <br /> <br />List of Projects to be Financed (chart) <br /> <br />Key Debt Model Metrics (chart) <br /> <br />Financing Calendar <br /> <br />Questions/Comments <br /> <br />A motion was made by Commissioner McKee, seconded by Commissioner Price for the <br />Board to open the public hearing. <br /> <br />VOTE: UNANIMOUS <br /> <br />PUBLIC COMMENT: <br />NONE <br /> <br />A motion was made by Commissioner McKee, seconded by Commissioner Price for the <br />Board to close the public hearing. <br /> <br />VOTE: UNANIMOUS <br /> <br />A motion was made by Commissioner Price, seconded by Commissioner Marcoplos to <br />for the Board to adopt the Resolution supporting the application to the Local Government <br />Commission for approval of the financing. <br /> <br />VOTE: UNANIMOUS <br /> <br />6. Regular Agenda <br /> <br />a. Format for the 2019 Orange County Summit <br />The Board considered voting to approve the framework for the 2019 Orange County <br />Summit and to assign roles for members of the Board of County Commissioners. <br /> <br />Todd McGee, Community Relations Director, presented this item: <br /> <br />BACKGROUND: The Board of County Commissioners appropriated $30,000 in the FY 2017-18 <br />budget from the Article 46 sales tax to host an Economic Development Summit in 2018. The <br />BOCC chose to partner with WCHL to broadcast the summit on the radio. The summit occurred <br />on October 17, 2018, from 3 – 7 p.m. <br />