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4 <br /> The County will also use additional loan proceeds to pay financing costs. <br /> The hearing will be held in the Commissioners' usual meeting room in the <br /> County's Whitted Building, 300 West Tryon Street, Hillsborough, North Carolina. <br /> The proposed financing would be secured by a lien on some or all of the <br /> property purchased or improved through the financing as well as the County's <br /> promise to repay the financing, but there would be no recourse against the County <br /> or its property (other than the pledged property) if there were a default on the <br /> financing. The County expects that the collateral for the financing will include <br /> property in the County's planned "northern campus" off Highway 70 just north of <br /> Hillsborough (including the site of the planned new jail) and portions of the <br /> County's "southern campus" off Homestead Road in Chapel Hill. <br /> All interested persons will be heard. The County's plans are subject to change <br /> based on the comments received at the public hearing and the Board's subsequent <br /> discussion and consideration. The County's entering into the financing is subject to <br /> obtaining approval from the North Carolina Local Government Commission. <br /> Persons wishing to make written comments in advance of the hearing or <br /> wishing more information concerning the subject of the hearing may contact Gary <br /> Donaldson, Orange County Chief Financial Officer, Post Office Box 8181, <br /> Hillsborough, NC 27278 (telephone 919/245-2453, email <br /> gdonaldson@orangecountync.gov). <br />