Orange County NC Website
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 />