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67 <br /> Attachment 4 <br /> = y PRELIMINARY OFFICIAL STATEMENT DATED JUNE 2024 <br /> NEW ISSUE BOOK-ENTRY ONLY Ratings:Moody's: �] <br /> S&P: [_] <br /> o Fitch: �] <br /> 'o <br /> In the opinion of Bond Counsel and subject to the qualifications described in this Official Statement, interest on the <br /> 2024A Bonds is not includable in gross income for federal income tax purposes,interest on the 2024B Bonds is includable in gross <br /> o income for federal income tax purposes,and interest on all the Bonds offered hereby is exemptfrom current State of North Carolina <br /> income taxes.See "TAX TREATMENT"herein for additional information regarding tax consequences arising from ownership or <br /> receipt of interest on the Bonds. <br /> O � <br /> x <br /> ORANGE COUNTY,NORTH CAROLINA <br /> w o ° $ *LIMITED OBLIGATION BONDS,SERIES 2024A <br /> 73 $ *TAXABLE LIMITED OBLIGATION BONDS,SERIES 2024B <br /> o <br /> wN `e Ca°�•0> <br /> qDated:Date of Delivery Due: October 1,as shown on the inside front cover <br /> This Official Statement has been prepared by Orange County,North Carolina(the"County")to provide information on <br /> the 2024 Bonds described herein. Selected information is presented on this cover page for the convenience of the user. Investors <br /> O must read the entire Official Statement to obtain information essential to the making of an informed investment decision. <br /> O o Security: The payment by the County of the principal of and interest on the 2024 Bonds is limited to <br /> w Ei funds appropriated for that purpose by the Board of Commissioners for the County in its sole <br /> discretion, except to the extent payable from Bond proceeds, investment earnings, Net <br /> O Proceeds related to casualty or condemnation proceeds, or amounts derived from the <br /> o enforcement of remedies on default. <br /> UAs security for the 2024 Bonds,the Prior Bonds and all other Bonds issued under the Trust <br /> w Agreement(as such terms are defined herein),the County has executed and delivered a deed <br /> oof trust,as amended,and will execute and deliver a supplement to such deed of trust,granting, <br /> C ; among other things, a lien of record on the Mortgaged Property subject to Permitted <br /> oo Encumbrances(as such terms are defined herein). <br /> ti THE OBLIGATION TO MAKE PAYMENTS WITH RESPECT TO THE 2024 BONDS IS NOT A GENERAL <br /> OBLIGATION OF THE COUNTY,AND THE TAXING POWER OF THE COUNTY IS NOT PLEDGED <br /> DIRECTLY OR INDIRECTLY TO SECURE ANY MONIES DUE TO THE OWNERS OF THE 2024 BONDS. <br /> q : y See the caption"SECURITY AND SOURCES OF PAYMENT OF 2024 BONDS"herein. <br /> Redemption: The 2024 Bonds are subject to redemption as described herein. <br /> Uo Purpose: Proceeds of the 2024 Bonds will be used to(1)finance the acquisition,construction,equipping <br /> 2 y .2 and improvement of certain County facilities as further described herein and(2)pay certain <br /> O o costs incurred in connection with the issuance of the 2024 Bonds. <br /> o Interest Payment Dates: April 1 and October 1 of each year,commencing October 1,2024 <br /> O� o Denomination: $5,000 or integral multiples thereof <br /> ti •w ,o <br /> Delivery: On or about June ,2024 <br /> 2 �o Bond Counsel: Sanford Holshouser LLP <br /> ° County Attorney: John L.Roberts,Esq. <br /> � � o <br /> Wti a Financial Advisor: Davenport&Company LLC <br /> h Underwriters'Counsel: McGuireWoods LLP <br /> h O ° <br /> CIO Trustee: The Bank of New York Mellon Trust Company,N.A. <br /> o <br /> BAIRD FHN Financial Capital Markets <br /> xti <br /> 2 The date of this Official Statement is June_,2024. <br /> N <br /> o *Preliminary,subject to change. <br />