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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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83 <br /> North Carolina. The Whitted Building houses certain of the County's administrative offices, Board of <br /> Commissioners' meeting space and event space. A portion of the proceeds of the 2024A Bonds will be <br /> used to make certain improvements to the Whitted Building, including storm water improvements. The <br /> County estimates the insured value of this building (not including the equipment associated with the <br /> building,which is generally not part of the Mortgaged Property)to be approximately [$9.7 million]. <br /> Blackwood Farm Park. Blackwood Farm Park consists of approximately 149 acres of land located <br /> at 4215 N.C. Highway 86 South in Hillsborough,North Carolina. The park includes a historic farmhouse, <br /> barn,smokehouse,corncrib and other outbuildings,a picnic shelter,restrooms,4 miles of hiking trails,and <br /> fishing pond. The County estimates the insured value of this property (not including the equipment <br /> associated with the property, which is generally not part of the Mortgaged Property) to be approximately <br /> [$0.25 million]. <br /> Culbreth Middle School. Culbreth Middle School is a one-story building consisting of <br /> approximately 122,500 square feet on an approximately 35-acre site located at 225 Culbreth Road in Chapel <br /> Hill, North Carolina. A portion of the proceeds of the 2024A Bonds will be used to make certain <br /> improvements to Culbreth Middle School, including a compressor replacement and other HVAC <br /> improvements. The County estimates the insured value of this building (not including the equipment <br /> associated with the building, which is generally not part of the Mortgaged Property) to be approximately <br /> [$21.5 million]. <br /> Orange County Library. The Orange County Library Main Branch is a two-story building <br /> consisting of approximately 23,454 square feet on an approximately 0.5-acre site located at 137 W. <br /> Margaret Lane in Hillsborough, North Carolina. The County estimates the insured value of this building <br /> (not including the equipment associated with the building, which is generally not part of the Mortgaged <br /> Property)to be approximately[$5.6 million]. <br /> Orange Middle School. Orange Middle School is a_-story building consisting of approximately <br /> square feet on an approximately _-acre site located at 308 Orange High School Road in <br /> Hillsborough,North Carolina. The County estimates the insured value of this building (not including the <br /> equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately[$22.8 million]. <br /> Hillsborough Elementary School. Hillsborough Elementary School is a -story building <br /> consisting of approximately square feet on an approximately_-acre site located at 402 North <br /> Nash Street in Hillsborough,North Carolina. The County estimates the insured value of this building(not <br /> including the equipment associated with the building, which is generally not part of the Mortgaged <br /> Property)to be approximately [$12.4 million]. <br /> New Hope Elementary School. New Hope Elementary School is a_-story building consisting of <br /> approximately square feet on an approximately_-acre site located at 1900 New Hope Church <br /> Road in Chapel Hill,North Carolina. The County estimates the insured value of this building(not including <br /> the equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately [$17.1 million]. <br /> Pathways Elementary School. Pathways Elementary School is a -story building consisting of <br /> approximately square feet on an approximately_-acre site located at 431 Strouds Creek Road <br /> in Hillsborough, North Carolina. The County estimates the insured value of this building (not including <br /> the equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately [$16.8 million]. <br /> 11 <br />
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