Orange County NC Website
10 <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 2023 Limited Obligation Bonds <br /> ➢ Funds our FY 2022-23 Capital Investment Plan through this Series 2023 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 (7 Years useful life): $1.7 Million <br /> - County Projects (up to 20 years useful life): $5 Million <br /> - School Prolects (up to 20 years useful life): $9.4 Million <br /> TOTAL: $16.1 Million <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />