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35 <br /> Debt Modell — Results <br /> (Sensitivity Analysis- 100M Debt Service Summary) <br /> I �o.o <br /> ti <br /> 40.0 <br /> Wo <br /> 2.0 <br /> ■Existing Debt Service ■C]P Deht 5ervU ■Hypothetlaal pp E§3nd Rwrarei-dui77 DS <br /> �4 <br /> ORANGE COUNTY <br /> h1OW t CARDL[NA <br /> 1 <br /> 2 <br /> 3 Slide #26 <br /> QUESTIONS <br /> ORANGE COUNTY <br /> NOWF]I:CAROLLNA <br /> 4 <br /> 5 <br /> 6 Commissioner Bedford asked about the difference between existing debt and CIP debt. <br /> 7 Gary Donaldson said the existing debt has already been issued and that the CIP debt is <br /> 8 projects that will be financed in the future, per the CIP schedule. <br /> 9 Commissioner Bedford asked for an explanation of why if you change something in the <br /> 10 CIP, it does not make a difference in years 1-5. She also asked how 3% of the assessed value <br /> 11 of the tax base is used in finance. <br /> 12 Gary Donaldson said the Board passed that several years ago and is currently at 1.6%, <br /> 13 so well within the tax supported debt. He said that we are well within the threshold of tax <br /> 14 supported debt. He said that it compares it to the assessed value. <br />