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30 <br /> 1 Slide #11 <br /> SAMPLE BALLOT <br /> Orange County School Bands <br /> Additional property taxes may be levied on property Ioca led in Orange County <br /> in an amount sufficient to pay the principal of and interest on bonds if <br /> approved by the following ballot question. <br /> Shall the order au tlroriai rig$300,00 0,0 00 bonds plus In to rest to pay capital <br /> costs of providing school Facilities and paying re is Led costs and providing that <br /> additional[axes may be levied in an amount sufricient to pay the principal or <br /> and interest on the bonds,as adopted by[he Coun Ly's Boa rcl or <br /> Commissioners on June 4,2024.be approved,in light of the following: <br /> (1)The estimated cumulative cost over the life of the bond.using the highest <br /> interest rate cha aged For similar debt overthe last 20 years,would be <br /> S480.360.000. <br /> (2)The amount of property tax liability Increase for each one hundred <br /> thousand dollars IS100,000)of property tax value to service the cumulative <br /> cost over the life of the bond provided above would be$34.10 per year. <br /> []YES[]NO <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 Gary Donaldson said that the county previously received confirmation from the LGC and <br /> 4 now the language in slide #11 shows all of the details. <br /> 5 <br /> 6 Slide #12 <br /> QUESTIONS <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> s Commissioner Richards asked how the interest rate would be reflected in the sample <br /> 9 ballot. She asked for confirmation that it is not reflected in the actual tax increase. <br />