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Key Financing Terms 16 <br /> ➢ Security Pledge- County Assets serve as Collateral and subject to Annual County <br /> Appropriations <br /> ➢ Maturity Term- 5- 20 Year maturities matches the useful life of the assets <br /> ➢ February 1 and August 1 Repayment Dates to Bank Trustee <br /> ➢ Estimated Interest Rates- 2-3% subject to market conditions <br /> ➢ Series 2022 Limited Obligation Bonds Maximum Annual Debt Service not exceeding $4.1 <br /> million in FY 2024 (based on current market interest rates) <br /> ➢ Source of Repayment- Property Tax, Solid Waste Fees and Sportsplex Fees <br /> ➢ Limited Obligation Bonds are Subordinate Lien to AAA General Obligation Bonds <br /> ➢ Current Limited Obligation Bonds- AA1/AA+/AA+ from Moody s, Standard & Poor's and <br /> Fitch Ratings <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />