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63 <br /> Key Financing Terms <br /> ➢ Security Pledge- County collateral Government Services Annex, Government Services Link <br /> Center, District Attorney Building, Emergency Operations Center and the Northern Campus <br /> Collateral value totals $65 Million; and Subject to Annual Appropriations <br /> ➢ Payments made to the Trustee no lather than March 25 (for April 1 payment) and no later <br /> than September 25 (for October 1 payment) <br /> ➢ Maturity Term- 7- 20 Year maturities matches with the useful life of the assets <br /> ➢ Maximum Annual Debt Service not exceeding $3.6 Million (FY 2021-22) <br /> ➢ Source of Repayment- Property Tax, Solid Waste Fees and Sportsplex Fees <br /> ➢ Subordinate Lien and Pledge to General Obligation Bonds <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />