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Key Financing Terms 13 <br /> ➢ Security Pledge- County Assets serve as Collateral and subject to Annual County Appropriations <br /> ➢ Maturity Term- 7- 20 Year maturities matches the useful life of the assets <br /> ➢ April 1 and October 1 Repayment Dates to Bank Trustee; First Interest Payment on October 1, 2024 and First <br /> Principal Payment on October 1, 2025, consistent with the Debt Model <br /> ➢ Estimated Interest Rates- Between 3.5% - 4.5% subject to market conditions <br /> ➢ Series 2024 Limited Obligation Bonds Maximum Annual Debt Service estimated to be $2.33 million in FY 2026 <br /> ➢ Source of Repayment- Property Taxes and Solid Waste 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 Fitch Ratings <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />