Orange County NC Website
Browse       Search
60 <br /> Pu rp ose <br /> ➢ Seek Board Approval of bank financed transaction pursuant to NC Statute Section 160A-20 <br /> ➢ Capital One Bank will hold 2.7% interest rate through May 12, 2020 <br /> ➢ Financing secured by a Deed of Trust, with a security interest in various County buildings and <br /> land with a total collateral value estimated at $40 million <br /> ➢ 2020 Bank Financing 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 N4e -- <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />