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13 <br /> Purpose <br /> ➢ Conduct Public Hearing for Limited Obligation Bonds pursuant to NC Statute Section 160A-20 <br /> ➢ Close Public Hearing <br /> ➢ Obtain Board Approval of Resolution to Proceed with Filing Local Government Commission Application for <br /> Series 2022 Limited Obligation Bonds <br /> ➢ Funds our FY 2021-22 Capital Investment Plan through this Series 2022 Limited Obligation Bonds are <br /> secured by a Deed of Trust, with a security interest in various County and School facilities. <br /> ➢ The Series 2022 Limited Obligation Bonds will fund various County projects including: <br /> - Vehicles and Equipment (5-8 Years useful life): $3.6 Million <br /> - County Projects (up to 20 years useful life): $34.2 Million <br /> - School Prolects (up to 20 years useful life): $5.2 Million <br /> TOTAL: $43 Million <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />