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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/16/2024 2:55:30 PM
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BOCC
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5/21/2024
Meeting Type
Business
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Agenda
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6-b
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Agenda for May 21, 2024 BOCC Meeting
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52 <br /> Exhibit A - list of projects to be financed with estimated amounts <br /> Project Est.Amount ($) <br /> Research Triangle Logistics Park $1,684,707 <br /> Lake Orange Dam Rehabilitation 252,024 <br /> Neuse River Rules/Gravelly Hill Middle School 300,000 <br /> Solid Waste Equipment Replacement 574,971 <br /> 501 West Franklin improvements 2,000,000 <br /> Whitted Stormwater Improvements 175,000 <br /> Bi-Directional Emergency Response K12 Coverage 1,344,674 <br /> Assorted Vehicles 805,743 <br /> Deferred Maintenance - capital projects for Chapel 5,118,023 <br /> Hill-Carrboro City Schools <br /> Project Totals $12,255,142 <br /> The County will also use financing proceeds, in the estimated amount of <br /> $ to pay financing costs. <br /> The amounts stated above are estimates only. The County may use any <br /> portion of the 2024 Bonds proceeds for any of the 2024 Project Costs, subject to the <br /> County's obligation to undertake and complete those components of the project <br /> related to the "Mortgaged Property," as defined in the Deed of Trust, and the <br /> limitation on the use of funds only for 2024 Project Costs. <br /> Components of the 2024 Project related to the Mortgaged Property include <br /> the following: <br /> • Whitted Building - stormwater improvements <br /> • Culbreth Middle School - compressor replacement, HVAC improvements <br /> • Ephesus Elementary School - Playground equipment and upgrades, <br /> cafeteria furniture <br /> 23 <br />
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