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T461Z 0%qj/ . Lo r4911 I <br /> i <br /> Attachment 4 <br /> i <br /> o v PRELIMINARY OFFICIAL STATEMENT DATED JUNE , 2024 <br /> NEW ISSUE BOO -ENTRY ONLY Ratings : Moody ' s :K <br /> S &P : �] <br /> w .a Fitch : [ ] <br /> U <br /> . v In the opinion of Bond Counsel and subject to the qualifications described in this Off cial Statement, interest on the <br /> 2024A Bonds is not includable in gross income for federal income tax purposes, interest on the 2024E Bonds is includable in gross <br /> income for federal income tax purposes, and interest on all the Bonds offered hereby is exempt from current State of North Carolina <br /> ° income taxes. See "TAX TREATMENT" herein for additional information regarding tax consequences arising from ownership or <br /> Qreceipt of interest on the Bonds. <br /> ORANGE COUNTY, NORTH CAROLINA <br /> LIMITED OBLIGATION BONDS , SERIES 2024A <br /> k <br /> TAXABLE LIMITED OBLIGATION BONDS , SERIES 2024B <br /> ti d i' <br /> q Dated : Date of Delivery Due : October 1 , as shown on the inside front cover <br /> I <br /> This Official Statement has been prepared by Orange County, North Carolina (the " County") to provide information on 4 <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 /> cSecurity : The payment by the County of the principal of and interest on the 2024 Bonds is limited to <br /> ° 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 i <br /> aProceeds related to casualty or condemnation proceeds, or amounts derived from the <br /> o enforcement of remedies on default. <br /> U As 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, IM <br /> among other things, a lien of record on the Mortgaged Property subject to Permitted <br /> o' Encumbrances (as such terms are defined herein) . <br /> THE OBLIGATION TO MAKE PAYMENTS WITH RESPECT TO THE 2024 BONDS IS NOT A GENERAL <br /> 22 OBLIGATION OF THE COUNTY, AND THE TAXING POWER OF THE COUNTY IS NOT PLEDGED r <br /> DIRECTLY OR INDIRECTLY TO SECURE ANY MONIES DUE TO THE OWNERS OF THE 2024 BONDS . <br /> 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 /> a � N <br /> Purpose, Proceeds of the 2024 Bonds will be used to ( 1 ) finance the acquisition, construction, equipping <br /> o and improvement of certain County facilities as further described herein and (2) pay certain <br /> a o costs incurred in connection with the issuance of the 2024 Bonds . <br /> Interest Payment Dates, April I and October 1 of each year, commencing October 1 , 2024 <br /> Denomination : $ 5 , 000 or integral multiples thereof <br /> Delivery . On or about June 2024 <br /> o . Bond Counsel: Sanford Holshouser LLP <br /> 2 County Attorney: John L . Roberts, Esq. <br /> e <br /> Financial Advisor, Davenport & Company LLC <br /> N <br /> Underwriters ' Counsel: McGuireWoods LLP <br /> Trustee: The Bank of New York Mellon Trust Company, N. A. <br /> BAIRD FHN Financial Capital Markets <br /> The date of this Official Statement is June 2024 . <br /> o <br /> * Preliminary, subject to change . <br />