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Agenda - 05-18-2021; 8-e - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various CIP Projects and To Refinance Existing County Obligations
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Agenda - 05-18-2021; 8-e - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various CIP Projects and To Refinance Existing County Obligations
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5/13/2021 3:20:20 PM
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BOCC
Date
5/18/2021
Meeting Type
Business
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Agenda
Agenda Item
8-e
Document Relationships
OTHER-2021-021 Deed of Trust and Security Agreement
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-022 Trust Agreement
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Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-023 Escrow Agreement
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\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-024 Lease Modification
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-025 Orange County, NC Limited Obligation Bonds
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
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154 <br /> Proiect Estimated Cost <br /> Court Street Annex Renovations $188,600 <br /> Criminal Justice Resource Department Expansion/Renovation 205,779 <br /> Accessibility& Security Improvements 194,643 <br /> Government Services Annex Stormwater&Renovations 375,000 <br /> HVAC Projects 714,203 <br /> Major Plumbing Repairs 195,343 <br /> Justice Facility Improvements 43,221 <br /> Parking Lot Improvements 57,280 <br /> Roofing&Building Fagade Improvements 1,130,353 <br /> Whitted Building Stormwater&Renovations 942,372 <br /> Link Center Remediation 282,377 <br /> IT Fiber Connectivity 302,532 <br /> ITGC Initiatives&IT Infrastructure 372,097 <br /> Solid Waste—Improvements&Vehicle Replacement 319,952 <br /> Emergency Services Vehicle Replacements 801,802 <br /> Sheriff vehicle replacements 107,104 <br /> Communication System Improvements 150,000 <br /> Blackwood Farm Park Construction 2,935,000 <br /> Parks—Renovations&Easements 420,486 <br /> Sportsplex—Maintenance &Repairs 698,304 <br /> Land Banking—Affordable Housing 628,313 <br /> Orange County Schools—Recurring Capital Projects 1,200,300 <br /> Orange County Schools—Maintenance&Improvements 651,586 <br /> Chapel Hill-Carrboro Schools—Recurring Capital Projects 1,799,700 <br /> Chapel Hill-Carrboro Schools—IT Infrastructure 1,519,261 <br /> Chapel Hill-Carrboro Schools—Supplemental Deferred Maintenance 631,740 <br /> Chapel Hill-Carrboro Schools—Various Maintenance&Improvements 1,808,454 <br /> Total Project Costs $18,675,802 <br /> THE REFUNDED OBLIGATIONS <br /> Refunded 2014 Installment Financing Agreement. A portion of the proceeds from the sale of the <br /> 2021A Bonds will be used to prepay amounts outstanding under the Refunded 2014 Installment Financing. <br /> [The Refunded 2014 Installment Financing Agreement is to be prepaid on the date the 2021 Bonds are <br /> issued.] <br /> The Refunded SRL. A portion of the proceeds from the sale of the 2021A Bonds will be used to <br /> prepay the Refunded SRL. The Refunded SRL is to be prepaid on the date the 2021 Bonds are issued. <br /> The Refunded 2012 Bonds. A portion of the proceeds from the sale of the 2021B Bonds will be <br /> used to refund the Refunded 2012 Bonds in accordance with the provisions of the Refunded 2012 Bonds. <br /> To accomplish the refunding of the Refunded 2012 Bonds, a portion of the proceeds from the sale of the <br /> 2021B Bonds will be deposited into an escrow fund(the "Escrow Fund")to be established pursuant to an <br /> Escrow Agreement dated as of June 1,2021,between the County and The Bank of New York Mellon Trust <br /> Company,N.A., as escrow agent(the"Escrow Agent"). Amounts deposited into the Escrow Fund will be <br /> invested in defeasance obligations (the "Escrow Securities"), the maturing principal and interest of which <br /> 10 <br />
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