Orange County NC Website
7 <br /> Exhibit B -- Draft Documents <br /> (a) A draft dated May 2, 2023, of a First Supplemental Trust Agreement to <br /> be dated on or about June 13, 2023, between the County and The Bank of New York <br /> Mellon Trust Company, N.A. (the"Trustee").This instrument provides for the advance <br /> of funds to the County, for the issuance of two limited obligation bonds to the Lender, <br /> for the County's obligation to repay the amounts advanced, and for the County's <br /> responsibilities for the use and care of the collateral. The Trustee keeps certain <br /> official records for the bonds, processes bond payments and other payments, and acts <br /> as a representative of the bondholders. <br /> (b) A draft dated May 2, 2023, of a Deed of Trust Supplement #1 to be dated <br /> on or about June 13, 2023, from the County to a deed of trust trustee for the Trustee's <br /> benefit. This instrument provides for a security interest in property to secure the <br /> County's repayment obligations and its other obligations under the financing <br /> documents. <br /> Exhibit C - Potential Collateral Facilities <br /> Orange County Library in Hillsborough; Culbreth Middle School, Whitted <br /> Building; Blackwood Farm Park <br /> Additional Orange County Schools: Orange Middle; Hillsborough Elementary; <br /> New Hope Elementary; Pathways Elementary; Orange High <br /> Additional Schools from Chapel Hill - Carrboro: Estes Elementary; Smith <br /> Middle; Ephesus Elementary; Seawell Elementary <br /> 5 <br />