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<br /> Orange County,North Carolina
<br /> $ *Limited Obligation Bonds, Series 2024A
<br /> $ Taxable Limited Obligation Bonds, Series 2024B
<br /> INTRODUCTION
<br /> The purpose of this Official Statement,which includes the Appendices hereto,is to provide certain
<br /> information in connection with the Orange County, North Carolina Limited Obligation Bonds, Series
<br /> 2024A in the aggregate principal amount of $ * (the "2024A Bonds") and Taxable Limited
<br /> Obligation Bonds, Series 2024B in the aggregate principal amount of$ *(the"2024B Bonds"and,
<br /> together with the 2024A Bonds,the"2024 Bonds").
<br /> The 2024 Bonds will be issued pursuant to a Trust Agreement dated as of June 1, 2021 (the"2021
<br /> Trust Agreement"), as previously supplemented and as supplemented by a Second Supplemental Trust
<br /> Agreement(the"Second Supplemental Trust Agreement"and,together with the 2021 Trust Agreement,as
<br /> previously supplemented, the "Trust Agreement"), each between Orange County, North Carolina (the
<br /> "County")and The Bank of New York Mellon Trust Company,N.A., as trustee(the"Trustee").
<br /> Pursuant to the Trust Agreement, the County has previously issued its (1) $19,355,000 Limited
<br /> Obligation Bonds, Series 2021A (the "2021A Bonds"), of which $15,650,000 in principal amount is
<br /> currently Outstanding, (2) $4,230,000 Taxable Limited Obligation Refunding Bonds, Series 2021B (the
<br /> "2021B Bonds"),of which$1,945,000 in principal amount is currently Outstanding,(3)$ Limited
<br /> Obligation Bonds, Series 2023A (the "2023A Bonds"), [all of which remain Outstanding], and (4)
<br /> $ Limited Obligation Bonds, Series 2023B (the "2023B Bonds" and, together with the 2021A
<br /> Bonds,the 2021B Bonds and the 2023A Bonds,the"Prior Bonds"), [all of which remain Outstanding].
<br /> Capitalized terms used in this Official Statement, unless otherwise defined herein, have the
<br /> meanings set out in Appendix C hereto under the caption"DEFINITIONS."
<br /> This Introduction provides only certain limited information with respect to the contents of this
<br /> Official Statement and is expressly qualified by the Official Statement as a whole. Prospective investors
<br /> should review the full Official Statement and each of the documents summarized or described herein. This
<br /> Official Statement speaks only as of its date, and the information contained herein is subject to change.
<br /> THE COUNTY
<br /> The County is a political subdivision of the State of North Carolina(the"State"). See Appendix A,
<br /> "THE COUNTY,"hereto for certain information regarding the County. The County's most recent audited
<br /> financial statements are contained in Appendix B hereto.
<br /> PURPOSE
<br /> The 2024 Bonds are being issued in order to (1)finance the acquisition, construction, equipping
<br /> and improvement of certain County facilities as further described herein and (2) finance certain costs
<br /> incurred in connection with the execution and delivery of the 2024 Bonds. See "THE PLAN OF
<br /> FINANCE"and"ESTIMATED SOURCES AND USES OF FUNDS"herein.
<br /> *Preliminary,subject to change.
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