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10 <br /> Purpose <br /> ➢ Conduct Public Hearing for Limited Obligation Bonds pursuant to NC Statute Section 160A-20 <br /> ➢ Obtain Board Approval to Proceed with Filing Local Government Commission Application for <br /> Series 2020 Financing <br /> ➢ Funds our FY 2019-20 Capital Investment Plan through this Series 2020 Limited Obligation <br /> Bonds are secured by a Deed of Trust, with a security interest in the Northern Campus and a <br /> portion of the Southern Campus <br /> ➢ The Series 2020 Limited Obligation Bonds will fund various County projects including: <br /> - Vehicles and Equipment (5-8 Years useful life): $717,228 <br /> - County Facilities (up to 20 years useful life): $33.1 Million* <br /> - School Facilities (up to 20 years useful life): $8.6 Million <br /> Total: $42.3 Million <br /> * $29 Million represents remaining amount for Northern Campus construction <br /> uKANGE COUNTY <br /> NORTH CAROLINA <br />