OTHER-2024-032-Preliminary official statement

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h B k l c f k E i North Carolina . The Whitted Building houses certain of the County ' s administrative offices , Board of Commissioners ' meeting space and event space . A portion of the proceeds of the 2024A Bonds will be used to make certain improvements to the Whitted Building, including storm water improvements . The County estimates the insured value of this building (not including the equipment associated with the r building, which is generally not part of the Mortgaged Property) to be approximately [ $ 9 . 7 million] . I I Blackwood Farm Park. Blackwood Farm Park consists of approximately 149 acres of land located at 4215 N . C . Highway 86 South in Hillsborough, North Carolina . The park includes a historic farmhouse, barn smokehouse corncrib and other outbuildings , picnic shelter, restrooms 4 miles of hiking trails and > g � a P g fishing pond . The County estimates the insured value of this property (not in the equipment associated with the property, which is generally not part of the Mortgaged Property) to be approximately [$ 0 . 25 million] . I Culbreth Middle School. Culbreth Middle School is a one- story building consisting of approximately 122 , 500 square feet on an approximately 35 - acre site located at 225 Culbreth Road in Chapel Hill, North Carolina . A portion of the proceeds of the 2024A Bonds will be used to make certain improvements to Culbreth Middle School, including a compressor replacement and other HVAC improvements . The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately f { [ $21 . 5 million] . Orange County Library . The Orange County Library Main Branch is a two- story building consisting of approximately 23 , 454 square feet on an approximately 0 . 5 - acre site located at 137 W . Margaret Lane in Hillsborough, North Carolina , The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately [ $ 5 . 6 million] . j Orange Middle School . Orange Middle School is a - story building consisting of approximately square feet on an approximately - acre site located at 308 Orange High School Road i q PP Y — n Hillsborough, North Carolina . The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately [$ 22 . 8 million] . Hillsborough Elementary School. Hillsborough Elementary School is a - story building 4 consisting of approximately square feet on an approximately _- acre site located at 402 North Nash Street in Hillsborough, North Carolina . The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately [$ 12 . 4 million] . i New Hope Elementary School, New Hope Elementary School is a - story building consisting of approximately square feet on an approximately _- acre site located at 1900 New Hope Church Road in Chapel Hill, North Carolina . The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately [ $ 17 . 1 million] . Pathways Elementary School. Pathways Elementary School is a - story building consisting of approximately square feet on an approximately _- acre site located at 431 Strouds Creek Road in Hillsborough, North Carolina . The County estimates the insured value of this building (not including the equipment associated with the building, which is generally not part of the Mortgaged Property) to be approximately [$ 16 . 8 million] . 11 j �,