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130 <br /> Pu rp ose <br /> ➢ Limited Obligation Bonds pursuant to NC Statute Section 160A-20 <br /> ➢ Payments for the Limited Obligation Bonds, Series 2020 will be made to Trustee by March 25 <br /> (for April 1 debt service) and by September 25 (for October 1 debt service); estimated interest <br /> rate not to exceed 4% <br /> ➢ The Series 2020 Limited Obligation Bonds are secured by a Deed of Trust, with a security <br /> interest in various County buildings and land with a total collateral value estimated at $40 <br /> million <br /> ➢ The Series 2020 Limited Obligation Bonds will fund various County projects including: <br /> - Northern Campus: $29.07 Million <br /> - Schools Capital Improvements: $6.72 Million <br /> - Other County Projects: $3.63 Million <br /> - Solid Waste-Admin Building: $0.28 Million <br /> - Vehicle Replacements (7 Years): $0.79 Million <br /> -Total: $40.49 Million - <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />